Crypto VC Funding Deals are Falling Apart Due to Bear Market — Bad Time For Startups

According to Barry Silbert, the founder and CEO of Digital Currency Group (DCG), many venture capital funding deals in the crypto sector have fallen apart in the past few months as a result of the 12-month bear market. Silbert, who oversees the operations of one of the largest venture capital firms in crypto with investments The post Crypto VC Funding Deals are Falling Apart Due to Bear Market — Bad Time For Startups appeared first on CCN

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Activision Alums Raise $16 Million to Build EOS-Focused Blockchain Game Studio

Mythical Games is “a next-generation game technology studio.” Their focus is online games where players own the assets they develop or acquire in the game – true digital ownership powered by the blockchain, as opposed to managed digital ownership backed by centralized servers. It’s an important difference. When a player acquires assets in a game The post Activision Alums Raise $16 Million to Build EOS-Focused Blockchain Game Studio appeared first on CCN

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Google-Backed Fintech Startup Uses Bitcoin for Cross-Border Settlement

Veem, a cross-border payments platform that uses bitcoin to move funds among businesses without the need of banks, has raised $25 million in a round led by Goldman Sachs, according to Forbes. The service, which does not require either counterparty to hold bitcoin directly, has quadrupled its revenue in the past year. Also participating in the The post Google-Backed Fintech Startup Uses Bitcoin for Cross-Border Settlement appeared first on CCN

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Blockchain Music Startup Raises $5.5 Million in Series A Funding

Audius, a decentralised, community-owned music sharing platform billed as the blockchain’s answer to Soundcloud has announced the successful completion of a $5.5 million Series A funding round as it launches the world’s first ever blockchain-based music sharing protocol. Made on August 8, 2018, the announcement revealed that the funding round was led by General Catalyst and The post Blockchain Music Startup Raises $5.5 Million in Series A Funding appeared first on CCN

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$270 Million: Chinese Firm Backs Overstock Blockchain Subsidiary in Record Investment

GSR Capital, a Chinese private equity firm is set to establish what would become the largest ever single investment in a blockchain platform. The investment by GSR Capital will see it acquire about 3.1 million shares of US-based Overstock, amounting to about 10% in overall shares of the company. A Fragmented Procedure As contained in The post $270 Million: Chinese Firm Backs Overstock Blockchain Subsidiary in Record Investment appeared first on CCN

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A16z, Binance Lead $45 Million Pre-Sale for Blockchain Startup Oasis Labs

Some of the biggest investors in the cryptocurrency space have raised $45 million in a private pre-sale financing for Oasis Labs to privacy-focused smart contracts-enabled blockchain platform. Comprised of a team of academic heavyweights and security researchers from institutions including MIT and Berkeley, Oasis Labs confirmed its $45 million fundraising to develop and launch what The post A16z, Binance Lead $45 Million Pre-Sale for Blockchain Startup Oasis Labs appeared first on CCN

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Coinbase, Billionaire Peter Thiel Back New ‘Reserve’ Stablecoin

Coinbase and Silicon Valley investor Peter Thiel are among over 40 groups, funds, and angel investors backing the latest addition to the cryptocurrency ecosystem’s stablecoin arsenal, a new stable token called Reserve, which  closed $5 million in its first round of funding The stablecoin, which is pegged 1:1 to the value of USD, is in The post Coinbase, Billionaire Peter Thiel Back New ‘Reserve’ Stablecoin appeared first on CCN

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Prominent VC: Investors Remain Committed to Cryptocurrency Despite Bear Cycle

Barry Silbert, the founder and CEO of Digital Currency Group (DCG), the largest venture capital firm focused on the cryptocurrency market, has said that investors are still committed to the cryptocurrency market and are showing interest despite the cryptocurrency bear cycle. Over the past few years, DCG has evolved into the largest and most influential The post Prominent VC: Investors Remain Committed to Cryptocurrency Despite Bear Cycle appeared first on CCN

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