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.
$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.”
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 (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.”
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.”
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.”
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, 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.”
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 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.”