A startup called dYdX has raised $10 million in funding from investors to develop financial software that allows people to borrow money from one another without using a broker.
“I think any company scaling today has to have a crypto strategy. This is the start of ours,” Omni founder and CEO Tom McLeod tells me. His on-demand property storage and rental marketplace raised $25 million in XRP coins back in January in what some saw as an opportunist move to capitalize on the cryptocurrency boom. That industry has since gone bust, and XRP is in the cross-hairs of regulators who may classify it as a security with extra restrictions.
Many doubted The Civil Media Company‘s ambitious plan to sell $8 million worth of its cryptocurrency, called CVL.
The skeptics, as it turns out, were right. Civil’s initial coin offering, meant to fund the company’s effort to create a new economy for journalism using the blockchain, failed to attract sufficient interest. The company announced today that it would provide refunds to all CVL token buyers by October 29.
Yang says he helped Bitmain design its market-leading technology but left the company in June 2016 after co-founders Jihan Wu and Micree Zhan turned down his request for a stake in the business. Yang started his own crypto chip company, MicroBT, a month later. He now claims his firm’s mining gear is just as good, if not better, than Bitmain’s.
Today we are excited to announce that we have completed a Series A financing round of $11.5M. The round was led by Pantera Capital and includes a group of premier investors that span both the globe and the cryptocurrency ecosystem. We’ve also welcomed Bitmex and Huobi, two of the largest exchanges in the world into our investor family.
A person familiar with the matter said the index fund product failed to attract the necessary number of clients, raising less funds than the firm expected. At the time of launch, however, an executive at the firm told Bloomberg News that the company was “seeing strong demand from institutional and high-net-worth individuals.”
[email protected] is officially joining the @Join_Civil network. 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 industry. #ConsenSys #Ethereum
- a month ago
Circle Internet Financial Ltd., one of the most valuable U.S. cryptocurrency marketplaces, agreed to acquire crowdfunding firm SeedInvest as it seeks to help startups issue digital tokens and allow its own customers to trade a wider variety of coins.
Twelve weeks after the initial deployment of Augur, we’re sharing some planned changes for the Augur protocol v2 deployment. While all these changes will be tentative up until all the code is written and audited, we’re confident in this feature list and are currently planning to develop all listed changes below.