Capital Market

News about Capital Markets in Crypto Industry

ConsenSys Has Ambitious Plan to Rise $200 Million from Investors

ConsenSys Has Ambitious Plan to Rise $200 Million from Investors

As an effort to accelerate the development project by ConsenSys, the firm is seeking approximately $200 million to fund the project development studio by the co-founder of Ethereum, Joe Lubin. The company is also approaching the Chinese investors to fund the project which is based on a $1 billion valuation.

Bithumb Secures $200 Million Fund from Blockchain Fund

Bithumb Secures $200 Million Fund from Blockchain Fund

$200 million funding has been secured by Bithumb, from Japan’s ST Blockchain Fund. The parent company of Bithumb, the Blockchain Exchange Alliance (BXA) explained, “The fund shared our vision of creating a global digital exchange platform that can efficiently transfer value across borders with lower costs, which was the key rationale behind this investment decision.”

$4 million Raised to Develop Blockchain Solutions

$4 million Raised to Develop Blockchain Solutions

The blockchain development company, Horizen Labs, Inc. has successfully raised $4 million in developing blockchain solutions for business. The CEO of Horizen Labs, Rober Viglione commented, “Through Horizen Labs’ proprietary Sidechain-as-a-Service platform, we aim to let companies benefit from the high-level security of Horizen, a privacy-focused blockchain platform with the largest node network in the industry.”

Celo Aims For Stablecoin Raises $30 Mn For It

Celo Aims For Stablecoin Raises $30 Mn For It

Celo (a Blockchain payments startup) has secured capital of $30 million from crypto investors, to make a stablecoin to facilitate cross-border payments using smartphones. Rene Reinsberg, cofounder of Celo said: “We are based on blockchain technology but for the average end user we try to abstract that away, to make the experience as easy as any other mobile app.”

Tel Aviv Stock Exchange to Delist Bitfarms

Tel Aviv Stock Exchange to Delist Bitfarms

The Tel Aviv Stock Exchange has confirmed their plan to delist an Israeli cryptocurrency mining farm, Bitfarms due to the losses. The CFO of Bitfarms, John Rim commented, “despite the challenges, through continuous reinvestment of cash flow generated from our operations, careful financial planning and disciplined execution, we were able to achieve many operational growth objectives in 2018.”

First Round of Digital Asset Trading Consultations Begins in Thailand

First Round of Digital Asset Trading Consultations Begins in Thailand

The first round of consultations on digital asset trading started by the Stock Exchange of Thailand (SET). The President of SET, Pakorn Peethathawatchai said, “We will work with our stakeholders to create the new ecosystem with massive transformative purposes to support digital assets and transform the Thai capital market, reinforcing SET’s vision To Make the Capital Market Work for Everyone.”

$16 Million Successfully Raised by Blockchain Startup

$16 Million Successfully Raised by Blockchain Startup

A blockchain start-up based in Zurich, B3i Service AG has successfully raised $16 Million confirmed by Swiss commercial register. Its blockchain project named “Blockchain Insurance Industry Initiative” run by several international insurance companies such as Munich Re and many more. The company have raised $8.27 million and the remaining was raised as converted debt around $7.9 million.

CoinFLEX Gets Undisclosed Investment From Polychain & DCG Invest

CoinFLEX Gets Undisclosed Investment From Polychain & DCG Invest

CoinFLEX, a cryptocurrency futures exchange has got undisclosed investment from venture capital firms Polychain Capital and Digital Currency Group (DCG). Polychain CEO Olaf Carson-Wee said: “As a physically-settled futures exchange, CoinFLEX will be well positioned to capture significant flow from speculators, institutional traders & Proof of Work miners seeking to hedge against price volatility.”

Kakao Talk Successfully Raised $90M for Klaytn

Kakao Talk Successfully Raised $90M for Klaytn

The parent company of a messaging app company, Kakao Corp has successfully raised $90 million worth of fund for its blockchain platform called Klaytn. Bloomberg has confirmed that the fund was successfully raised through a private coin offering and another fundraising round will be held. Klaytn was expected to be launch in 2018 but it was delayed to this coming June.

Starbucks Receive Equity from Bakkt

Starbucks Receives Equity from Bakkt

Starbucks has recently received an undisclosed amount of equity from Bakkt despite not being a direct cash investor. Starbucks spokesperson then commented, “At the current time, we are announcing the launch of trading and conversion of Bitcoin. However, we will continue to talk with customers and regulators as space evolves. Customers will not be able to pay for Frappuccinos with bitcoin.”