Category: Funding

Corona, Budweiser Owner’s Investment Arm Backs Blockchain ID Startup

United States-based blockchain identity startup BanQu announced that it closed an extension of its series A funding round led by multinational drinks and brewing company Anheuser-Busch InBev’s investment arm. The development was announced in a post on June 6. Per the announcement, the undisclosed amount of funds have been raised […]

BitMEX funds Philippines-based crypto-exchange PDAX, aims to harness ‘transformative potential of cryptocurrencies’

Blockchain Technology, along with the idea of digital assets, has caught the attention of several major economic institutions. According to the Wall Street Journal, 14 major financial firms, including the likes of Barclays, Nasdaq, Credit Suisse Group, Banco Santander, ING, and Lloyds Banking Group, led by UBS group AG, have decided […]

Compliant Token Startup Standard Tokenization Protocol Secures $7 Million in Funding

Compliant tokenization startup Standard Tokenization Protocol (STP) announced that it secured $7 million in funding in a press release shared with Cointelegraph on May 29. Per the release, STP raised the funds in two separate private funding rounds from multiple venture capitalists by selling its STPT token, with $5 million […]

Trading App Robinhood Set to Raise at Least $200 Million: Report

United States-based stock and crypto trading app Robinhood is set to raise at least $200 million in a new funding round, Bloomberg reported on May 24. Per the report, an unspecified source familiar with the matter told the outlet about the company’s plans to raise further funding. Moreover, Bloomberg reports […]

Robinhood en-route a projected valuation of $7 billion as bear market shows signs of waning

Facebook’s plan of introducing its own global digital currency has taken a new turn as Mark Zuckerberg held meetings with large trading houses and active cryptocurrency exchanges. The Facebook CEO also held a meeting with his former rivals – The Winklevoss brothers, according to Financial Times. A team at Facebook […]

Vitalik Says Research for Ethereum 2.0 Was Actually Ready For a Year Now Much Before $30M Funding

The Ethereum Foundation recently published a detailed blog post where they described how $30 million in funding would be budgeted for the development of the network. This included funding for the development of layer-2 scaling solution Plasma, Ethereum 2.0, smart contract languages, and ecosystem expansion, among many other priorities. Ethereum […]