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German blockchain startup receives 7-figure in VC funding

by Blocks99

6 hours ago

The venture capital fund FinLab EOS VC has invested a 7-digit euro sum in the FinTech Agora Innovation GmbH. The German blockchain startup aims to enter the European and Asian markets. The financing by FinLab EOS VC not only underscores the potential of the Frankfurt-based German blockchain startup’s technology, but also gives Agora Innovation access to the EOS blockchain. This enlarges the company’s possibilities for its market leading IVE.ONE software. FinLab EOS VC is a venture capital fund backed by Block.one, the publisher of the blockchain protocol EOSIO, and FinLab...
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Crypto exchange Binance applies for Singapore license

by Blocks99

1 day ago

Binance Holdings Ltd., the operator of globally leading crypto exchange Binance, has applied for an operating license in Singapore under the government’s new payments legislation. “We have already applied,” Crypto exchange Binance co-founder and CEO Zhao Changpeng – better known as simply CZ – says. “We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.” The Payment Services Act, which came into force last month, is the first comprehensive regulation for...
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New study on runaway power consumption of Bitcoin mining

by Blocks99

1 day ago

A new study on the runaway power consumption of Bitcoin mining puts it on par with electricity used by the entire Czech Republic. While computers used in the process are becoming more efficient, total mining activities keep increasing. Electricity consumed by the Bitcoin network has been constantly and noticeably increasing, according to a report on power consumption of Bitcoin mining. During the past years the consumption reached such a large scale, that it can be compared to electricity consumption of some entire countries, according to BlockchainAnalytics.pro research. In 2019,...
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ETHDenver 2020 names literacy non-profit benefactor of choice

by Blocks99

2 days ago

The blockchain and technology conference ETHDenver 2020 has named literacy non-profit Room to Read its community benefactor of choice. Room to Read aims to end global illiteracy and gender inequality. Room to Read is taking part in ETHDenver 2020 from February 14 to 16 in Denver, Colorado. The literacy non-profit points out that the skills and expertise on show at the Ethereum-centered event are the product of years of learning and research, and that participants would not have these opportunities without access to basic education and literacy. 750 million illiterate people...
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Gaming driving crypto adoption

by Blocks99

3 days ago

Recent developments point to gaming driving crypto adoption. Crypto has long since gained a foothold in the gaming sector, and gamers tend to be strong supporters of cryptocurrency. Trends are emerging that increasingly make crypto popular in gaming, and even show gaming driving crypto adoption. Over the past seven days, a high level of investment has taken place in gaming, in the top virtual property platforms. Decentraland, the largest crypto-based virtual world, has experienced over US$ 600,000 in trading volume as adopters are now racing to purchase virtual real estate in the...
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Funds stolen from US$ 881m crypto network IOTA

by Blocks99

3 days ago

An undisclosed amount of funds have been stolen in a cyberattack on the crypto network IOTA. The team behind IOTA has paused the network as it investigates the incident. The crypto network IOTA, the world’s 23rd-largest cryptocurrency with a US$ 881m market cap, has announced that it has switched off an IOTA-operated node responsible for verifying transactions on the network. IOTA says it took the “Coordinator” node offline to prevent hackers from doing further damage while engineers work to figure out what happened. The IOTA Foundation advises investors against using...
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EU offers €30,000 in funding for blockchain or DLT startups

by Blocks99

4 days ago

The EU-funded project Blockpool will award up to €30,000 in funding for blockchain or DLT startups. The best 25 applicants will receive financial support, mentoring and further education. To be eligible for the funding for blockchain or distributed edger technology (DLT), startups must be located in the European Union and have fewer than 250 employees. The Blockpool project Blockpool is a project co-funded by the European Commission to accelerate adoption of blockchain and DLT across Europe. Blockpool will select the best 25 innovation ideas and provide support in bringing them...
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Crypto Assets Conference takes place in Frankfurt, March 9 and 10

by Blocks99

4 days ago

The Frankfurt School Blockchain Center and Financial.com are hosting the second Crypto Assets Conference (CAC). Topics are to include crypto custody, tokenization and DeFi. The Crypto Assets Conference is geared toward executives, founders, investors and political representatives. It seeks to relevant changes in the crypto space as well as new areas. Blocks99 will cover the event as an official media partner. An announcement lists the following topics: • Custody of digital assets, Bitcoin and other crypto assets, token protocols, decentralized finance (DeFi) • Blueprint...
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40 German banks to offer crypto services under new law

by Blocks99

5 days ago

More than 40 financial institutions in Germany have reportedly told the country’s financial regulator BaFin that they want to offer crypto services under the new German law. The German regulator BaFin has received more than 40 expressions of interest from banks for approval to operate crypto services including crypto custody business in the future, according to the German finance publication Handelsblatt. The new German Money Laundering Act, which went into effect at the beginning of the year, allows financial institutions to offer their customers cryptocurrencies alongside...
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Cybersecurity report: North Korea expanding crypto mining

by Blocks99

5 days ago

A report by US cybersecurity analysis firm Recorded Future points to North Korea expanding crypto mining. It says Kim Jong-un’s regime is using cybercrime and cryptocurrency to get around sanctions. The report of North Korea expanding crypto operations comes after the United Nations recently estimated that Pyongyang has stolen as much as US$ 2bn using “widespread and increasingly sophisticated cyberattacks” on financial institutions and cryptocurrency exchanges. Both the UN and Recorded Future had reported previously that in addition to stealing cryptocurrency, the regime had...
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Altcoins going strong, but overshadowed by Bitcoin rally

by Blocks99

6 days ago

Altcoins may be more than the ugly stepsisters of Bitcoin, many analysts say. During the Bitcoin rally, many have performed better. The Bitcoin rally over the past weeks has drawn a great deal of attention. The cryptocurrency broke the US$ 10,000 barrier and at time of writing is hovering at just over US$ 10,300. But alternative digital tokens, altcoins, are outperforming the original. Even coins like Einsteinium and Kick that were written off long ago have more than doubled in value since December. Hundreds of exchanges worldwide offer investors attractive terms to trade and...
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JPMorgan and ConsenSys in merger talks over Quorum blockchain unit

by Blocks99

6 days ago

According to people familiar with the plans, JPMorgan and ConsenSys are negotiating over a merger of the blockchain unit Quorum with Brooklyn-based startup ConsenSys. A merger agreement between JPMorgan and ConsenSys would be aligned with both companies’ current strategies, sources say. JPMorgan built the Quorum blockchain internally using the Ethereum network. It is used to run the Interbank Information Network, a payments network that involves more than 300 banks. JPMorgan, the largest US bank by assets, also said it would use Quorum to issue a digital currency called JPMorgan...
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Crypto exchange Huobi joining Klaytn, a Korean blockchain operation

by Blocks99

1 week ago

An announcement of Huobi joining Klaytn has been released. Huobi will join the Governance Council of Klaytn, a leading blockchain project led by South Korean Internet giant Kakao. With Huobi joining Kaytn, it will become one of the Council members who jointly run the Klaytn network under public governance. The project aims to bring accessible blockchain services to millions of users worldwide. The Council takes ownership of the consensus node network operation dedicated to advancing blockchain utility. Additionally, the members work towards developing and implementing the...
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Strong growth in DeFi

by Blocks99

1 week ago

The first weeks of 2020 have seen continued strong growth in DeFi space, with MakerDAO accounting for over 60% of the market. The young sub-industry emerged in 2018 and gained momentum last year. Total value locked in decentralized finance (DeFi) smart contracts topped US$ 1bn on February 10, according to DeFi Pulse market rankings. MakerDAO continues to dominate the market with around US$ 600m locked. Maker is a smart contract protocol built on the Ethereum blockchain. Its stablecoin Dai is pegged 1:1 to the US dollar. After MakerDAO comes Synthetix, with approximately US$ 130m...
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Tether stablecoin on Algorand blockchain

by Blocks99

1 week ago

Tether, the most-traded digital token, is launching the Tether stablecoin on Algorand to leverage Algorand 2.0 and offer traders a fast, stable and secure network for moving money worldwide. Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, has gone live on Algorand 2.0, launching the Tether stablecoin on Algorand. Algorand 2.0 is the world’s first permissionless, pure proof-of-stake (PoS) blockchain platform. Tether is the first stablecoin to leverage the innovation released in Algorand 2.0 and will provide instant confirmation,...
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Token platform OKEx Jumpstart plans token sale

by Blocks99

1 week ago

Token platform OKEx Jumpstart has announced its 10th token sale. The project, developed with HyperDAO (HDAO) is scheduled for launch on February 25, 2020. The token platform OKEx Jumpstart, which belongs to Malta-based crypto exchange OKEx, is cooperating with the distributed ledger and blockchain technology company HyperDAO. Both HyperDAO and OKEx say they are committed to building an efficient, transparent and reliable decentralized finance (DeFi) ecosystem. In its announcement, OKEx Jumpstart says the HDAO token has a total supply of 5,000,000,000 HDAO and will be available...
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Tron to shift to Liquid network on Bitcoin

by Blocks99

1 week ago

“Ethereum is over,” Tron CEO Justin Sun has tweeted in a Twitter thread indicating plans for Tron to shift to Liquid network on Bitcoin. Heated debates about Tron and Ethereum continue. The discussion of plans for Tron to shift to Liquid network began with a tweet by Cold Card and Opendime creator Rodolfo Novak, known as NVK. He tweeted a picture of himself with Justin Sun and Blockstream CEO Adam Back. NVK wrote, “We have a plan. Ethereum is over. Tron moving to liquid network on bitcoin.” Liquid is a network that leverages the Bitcoin blockchain. Sun himself added to the...
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DeFi platform lets you invest in startup revenue, not equity

by Blocks99

1 week ago

Decentralized finance (DeFi) startup Fairmint has launched a platform that lets users invest in startups based on their revenue performance. The DeFi platform is based on a new fundraising model. Fairmint’s DeFi platform for investment in startups, dubbed Continuous Securities Offering (CSO), expands the potential investor pool from founders, VCs and employees to anyone to give investors exposure to companies’ future revenues. The San Francisco-based firm has been developing the platform for over a year and raised US$ 1.2m in a pre-seed round from Boost VC, IDEO CoLab Ventures,...

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