A cooperation agreement has been signed between Iota Foundation and incubator Nova to aid the blockchain start-ups in the industry for their development program. Iota Foundation has introduced the Iota crypto (MIOTA) with the aim in financing the blockchain start-ups to work on the Iota platform where the assistance will be provided within the Iota Cofoundary program.
A press release made by an Israeli blockchain start-up, Beam Development Limited have revealed that they have received some investment fund from a Japanese employment information services company, Recruit Co., Ltd. In their official Twitter account of Beam, “This helps Beam fulfil its mission in Japan when it comes to deploying a compliant, scalable, and confidential cryptocurrency.”
A collaboration has been established between GM Financial with a blockchain start-up Spring Lab to join the Spring Founding Industry Partners Program. CEO of Spring Labs, Adam Jiwan said, “We came together with the view that we could develop a series of use cases that would match some of core business priorities as a lender, or a parent company.”
Chicago-based crypto exchange startup ErisX announced that it has hired three new executives From Barclays, YouTube and BATS Global Markets namely they are COO Robert Thrash, a former managing director at Barclays; head of infrastructure Arnold Connell, a former YouTube executive, and business development executive; John Denza, the former director of U.S. equity and derivatives sales at BATS.
A collaboration has been established between a major public transportation provider based in the United Kingdom, Go-Ahead Group Plc. with a cryptocurrency start-up, DOVU, to introduce a tokenized reward system for its loyalty program. The co-founder of DOVU, Krasina have suggested that the tokenized system to provide Go-Ahead with “actionable data that can boost efficiencies and improve services.”
The Vimba crypto startup has received $330,000 grant from Crown agency Callaghan Innovation. The company’s platform enables the customers to store and trade cryptocurrencies. The chief operating officer of the company, Matt Gibson declared that the money would be used to build a technology for sending a small amount of Bitcoin to the customers.
ACINQ, a crypto firm, managed to raise $1.7 million through a series seed funding round. The company declared that the funds would be used to equip its engineering team and for the development of lightning network and based services. The funding round was led by Serena Capital. The company claimed that the Lightning Network would help make instant payments and low fees.
The Medici Ventures has declared about the investments made in a blockchain startup, VinX. It is aimed to develop a blockchain platform in order to streamline wine futures trading. The integration of blockchain is expected to prevent fraud in the wine industry. The platform would link the consumers directly to the wineries eliminating the role of middlemen.
The Equal Experts declared the association with a blockchain startup called Investx for the development of SME blockchain funding platform. A partner at Equal Experts stated, “For Equal Experts, it’s still early days for blockchain projects, but we expect many more as the benefits of the technology begin to become fully realized.”
Korea Investment Partners (KIP) has revealed their plan to back their first blockchain start-up, Temco aimed to bring supply chain management system to the SMEs using blockchain. The fintech investment board member of KIP Jong Hyun Kim explained, “Not only does Temco exceed existing business solutions, but also is a prime example of the potential of blockchain technology.”