News

Welcome to This Week In Blockchain Venture Capital, our weekly series detailing blockchain-focused companies that advance and cultivate their mission with venture capital. Clearmatics Clearmatics, a London-based startup building next-generation clearing machines for financial over-the-counter markets, recently closed a $12 million Series A round. Participants in the round included Route 66 Ventures (lead), TNF Capital, and […]

Blockchain-based adult entertainment protocol SpankChain revealed the theft of 165.8 ether (ETH), worth $38,000 at the time. The move occurred after hackers exploited a smart contract bug on the protocol, according to an official release on Oct.9. SPANK is “Spanked” As stated, the hack took place on Oct.6 when the SpankChain team was investigating multiple […]

Cryptocurrency enthusiasts seeking a “.neo” domain name will now be able to bid on the unique domain suffix as the NEO Name Service (NNS) went live on Oct. 9, according to a tweet. Expanding the NEO Ecosystem The NNS is wholly-developed by the NewEconoLab (NEL), a group of Chinese developers working on open-source projects based […]

A report released by cybersecurity company CipherTrace on Oct. 9th revealed that cryptocurrency theft via hacking attacks on exchanges and trading platforms was up 250 percent since 2017, totaling $927M in the first nine months of 2018. A Massive Uptick The data was part of CipherTrace’s Q3 anti-money laundering report, which also found that almost […]

On Oct. 11, the price of Bitcoin dropped from $6,750 to $6,250, within minutes. The dominant cryptocurrency experienced a massive sell candle which saw traders dump BTC from $6,550 to $6,250 in a 10-minute period. The sudden drop in the Bitcoin price comes as a surprise to the cryptocurrency market because BTC had defended the […]

On Tuesday, Oct. 9, Ethereum and EOS dApp users reached an all-time high of 65,000 daily active users, according to data from DappRadar. Gambling dApps High on the List According to Twitter user and avid crypto-watcher Kevin Rooke, most of those users were active on dApps listed in the high risk or gambling categories. Rooke said […]

GMO Internet Group, a publically listed Japanese Internet company, has recently announced plans to launch a yen-backed stablecoin early next year. The new stablecoin dubbed GMO Japanese Yen will trade under the ticker symbol GJY. The press release also mentions that GMO Internet Group sees three areas of the digital currency space, which are “exchanges”, […]

A research study published on Oct. 5 claimed growing Chinese influence over the Bitcoin protocol is a “looming threat” to the $114 billion network. The paper alleged that China presents a problem to the security, stability, viability of the pioneer cryptocurrency. The Case Against China According to the paper, which was published by Florida International University […]

With blockchain advancement once resting on the shoulders of beleaguered, boot-strapping developers, some would fire up the afterburners in a push to deliver tomorrow’s markets, today. Blockstream unveiled a Lightning Network-style solution permitting the largest stakeholders in the game to transfer wholesale quantities of Bitcoin in a “near-instant”. Having quietly gone live Sept. 27, the Liquid […]

Civil, the company hoping to take journalism on the blockchain, announced a partnership with industry giant Forbes on Oct. 9 via a post on Civil’s Medium account. Civil co-founder Matt Coolidge wrote: “We’re pleased to announce a significant, new partner today—and one of the biggest endorsements yet for blockchain technology’s transformative potential for the media […]