News

Welcome to our new weekly series on blockchain venture capital deals. Barrel Protocol, a Tel Aviv-based startup focused on automating consumer data compliance using smart contracts, closed a $4M seed round on September 7, 2018. Participants in the round included Neo Global Capital, Altair Ventures, Gigi Levi, and Collider. Barrel Protocol is a spin-off of […]

In a move that could send Japan’s cryptocurrency market skyrocketing into American digital assets trading, Huobi Global’s subsidiary Huobi Japan has been declared a majority stakeholder in Japan’s BitTrade platform. The move also marks how Singapore’s powerhouse entrepreneur Eric Cheng has leveraged his international brand with the trillion-dollar company to become the largest trading platform […]

Cryptocurrencies are flush with idiosyncrasies, and although they were intended to function as a digital expression of money, they have a fandom that is more akin to celebrities than currencies. After all, there aren’t many chat rooms buzzing about the potential of the dollar bill. In fact, even the way cryptocurrencies are produced is strange. […]

Through blockchain and cryptocurrency, it’s becoming easier for communities to interact and exchange value with each other in an efficient, trustless way. In the sports industry, cryptocurrency is enabling fans to participate in the decisions of their favorite teams. PSG Partners With Socios Based in Malta, Socios is a tokenized sports voting platform that aims to […]

After five months of initial charging and payment tests, a group of researchers is ready to increase the scope of IOTA adoption in the Netherlands following “uplifting” study results, according to Invade. Charging a Whole City Since its inception, the Germany-based IOTA Foundation has experienced a strong draw to its protocol, with real-world use cases […]

A U.S. Department of Defense data center will be transformed into a cryptocurrency mining farm later this by the Chinese investment firm Wuhan General Group, which recently purchased the facility. Advancing the Mining Economy Based on successive rounds of negotiation, the mining rigs will begin arriving in October. Wuhan voiced the usual narrative of choosing […]

Cryptocurrency payment processor UTrust has entered a memorandum of understanding with the Ethereum Classic (ETC) development team in an effort to integrate the currency onto the platform. This is great news for supporters of ETC, as there will be an increased demand for the currency as a payment option. In addition to this news, Ethereum Classic […]

As Capitol Hill learns to parent the budding young toddler that is the cryptocurrency industry, some of the industry’s biggest hitters have joined hands to form The Blockchain Association—a lobbying group intending to curry “pro-innovation” favor with U.S. lawmakers. Materializing out of a blog post on Medium, The Blockchain Association has reportedly set up camp […]

The U.S. Securities and Exchange Commission is charging two crypto-related entities with registration failures, in what it considers a first for both enforcement actions. TokenLot Hit with Unregistered Broker-Dealers The first to be hit with charges is Michigan-based TokenLot, a self-described “ICO Superstore,” and its owners–Lenny Kugel and Eli Lewitt. According to the SEC, this […]

After a long period of silence and uncertainty, the U.S. government has stated that at least two initial coin offerings (ICOs) are not exempt from security laws. Howey vs SEC The ruling comes after ICO participants from Recoin and Diamond Reserve Club filed a federal case against the projects’ founder Maksim Zaslavskiy for misleading investors, who […]