A Princeton professor and Ex-deputy chief technology officer in the Barack Obama White House, Ed Felten beliefs that his startup, Offchain Labs is the key to blockchain and database woes. Felten said, “It is our goal to operate at the speed of native processing — as fast as the computer you have, but in a blockchain setting,”
TrustToken (a crypto startup) has brought out a stablecoin called TrueGBP which is pegged to British Pound at ration of 1:1 and now available for trading on over-the-counter (OTC) desks. Rafael Cosman, co-founder of TrustToken said, “With TrueUSD, we have built the bridge between the fiat and crypto world, without being tied to any one exchange.”
ConsenSys Ventures revealed that they have selected the blockchain startups for the accelerator program in developing a new blockchain-powered solution. Its managing partner, Kavita Gupta commented, “With the backing of the ConsenSys and Ethereum ecosystems, we aim to provide all the necessary tool-kits for our entrepreneurs to succeed both in the short term and in the long run.”
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.
A blockchain-backed art registry Artory has purchased Auction Club, which now enable the registry to boast data from thousands of international art houses on the blockchain. The founder of Artory, Nanne Dekki shared his aim in implementing blockchain to enhance the transparency into the world of art ownership and to utilize the technology in combating art fraud and crime.
A company based in Germany have recently announced that they’re offering white-label products for start-ups which allows them to launch a cryptocurrency exchange in less than 30 days. The founder of CPI Technologies, Marvin Steinger explained, “Since its inception, CPI Technologies has delivered many successful projects. The company has more than 43 completed projects…”
A shortlisted list of the most promising blockchain start-up has been revealed by Æternity Ventures in their 2nd Starfleet Accelerator Program. The CEO of æternity Ventures, Nikola Stojanow commented, “We have received applications of startups from USA, Europe, Africa and South America competing for funding that will help us collectively establish us as the leading global smart contract platform.”
The Commodity Futures Trading Commission (CFTC) has fined a Marshall Islands based crypto startup 1pool Limited and its owner a hefty amount for conducting unlicensed financial activities. The CFTC’s director of enforcement stated, “Intermediaries should take notice that they will be held accountable by the CFTC for failing to comply with registration requirements and to implement policies…”
A blockchain startup Ternio and Distributed Ledger Inc. (DLI) has come together to form a joint venture that will deploy enterprise scale blockchain solutions across media, banking and telecom. Daniel Gouldman, CEO of Ternio said “It quickly became apparent that the synergies we shared with Mike and his team at Distributed Ledger, JMF Solutions and Wavefly were tremendous.”
A blockchain startup, StrongBlock has raised $4 million in a seed funding which was led by Pangea Blockchain Fund. James Duplessie, co-founder of Pangea said “We chose StrongBlock as Pangea’s first investment, as it aligns with our investment approach: utilizing blockchain technology to change underlying systems that power the things we do every day,”