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.
A new report has been revealed by the cryptocurrency fund research which shows that 239 cryptocurrency funds have been launched during the year 2018, however, the report also shows that the number of fund closure was also increasing. Its CEO, Josh Gnaizda explained, “Nearly half of all crypto funds launched this year were launched in Q1 2018 when euphoria over prices was still peaking.”
Federal prosecutors are following up on civil lawsuits against Huawei by launching a wider investigation into the company and its trade practices. Although the controversy surrounding Huawei is nothing new, the alleged criminal investigation could widen between American and Chinese trade delegates at a time when both sides appear to be making important progress on a bilateral deal.
The largest logistics giants in the United States, UPS, have recently unveiled the equity investment and partnership with a blockchain B2B firm, Inxeption. The CEO of Inxeption said, “Business customers need secure platforms that protect their customer data and proprietary information while making it easy for them to interact and even collaborate more effectively with their customers.”