A blockchain-based company, Terra have confirmed receiving some undisclosed investment from Kakao Ventures to accelerate the adoption of blockchain payments. The Co-founder of Terra, Daniel Shin explained, “Investments from Kakao Ventures and Kakao Investment are strong testaments to Terra’s ability to bring blockchain technology to the masses.”
Nivaura, a London based startup platform used for issuing and administering corporate bonds will get $20 million investment from London Stock Exchange Group (LSEG). It’s credited with world’s first automated cryptocurrency-denominated bond issuance in November 2017. Nikhil Rathi, LSEG’s head of international development, said that LSEG was seeking to leverage technology to develop new products.
An Indonesia-based blockchain gaming platform, PlayGame have shared that they have received an undisclosed amount from TRON for the company. They shared that the investment received from TRON will be used to accelerate the company’s plan in launching Proof of Play and crypto payment gateway as well introducing the blockchain-gaming and their expansion plan to the other countries in South East Asia.
Chainalysis have revealed that its blockchain analysis company have successfully received $30 million USD worth of fund from its latest funding round led by Accel, an American venture capital firm. In their shared announcement, “As our second European office following Copenhagen, London will act as our hub for European business as well as anchoring our research.”
An announcement has been made by NEM Foundation and NEM Labs that a joint statement has been released. In the NEM’s official Twitter account shared the proposal made by both NEM Foundation and NEM Labs. The joint report highlighted, “Both NEM Foundation and NEM Labs will work together to accomplish this as part of the same ecosystem.”
Litecoin jumped to fourth position in terms of market capitalisation as the investors are back to bullish mode to bet their cash on it. Many attribute the main cause for such sudden excitement to the plans of Litecoin paternering with MimbleWimble solutions for a privacy option. Whereas all other top ten coins where still in slumber with few exceptions.
The widely used business productivity company, the Slack it has filed for a direct listing on US stock exchanges with a $10 billion valuation. In private funding, the company has raised around $1 billion over 8 rounds. The company plans to go the direct-listing route means that the market will actually determine the value of Slack shares.
Tesla CEO Elon Musk has announced that the electric car maker’s long-serving chief financial officer (CFO), Deepak Ahuja, is leaving the company. Zach Kirkhord who has been the finance vice president will be appointed as its new CFO. Tesla’s earnings per share were however below the expectation of analysts, in spite of having 4 profitable past quarter since going public.
Japan’s prized economic growth rate and policies were found to be reliant on fraudulent data, over 40 percent of Japan’s 56 economic policies contain errors. This may cause the years of capital raised through government bond and FDI may go southward. Despite the unexpected use of fraudulent data, Bank of Japan (BoJ) has continued to maintain a negative outlook for cryptocurrencies.
U.S. President Donald Trump ended the partial government shutdown, albeit temporarily to be precise the government will be open for three weeks. The Securities and Exchange Commission SEC and Commodity Futures Trading Commission (CFTC) was largely paralyzed, delaying the IPO applications and possibly triggering insider trading, critically affecting the new crypto-industry.