Crypto Hedge Fund Pantera Capital Seals $130 Million for Third Crypto Venture Fund February 22, 2019

Crypto hedge fund Pantera Capital has already sealed $130 million out of a $175 million target for its third crypto venture fund. The development was shared with Cointelegraph in private correspondence with Pantera president Bill Healy on Feb. 22. For Pantera’s debut fund in 2013, the firm had raised $13 million, rising to $25 million […]

Ripple Sold $535 Million Worth of XRP in 2018 January 26, 2019

Ripple (XRP) sold $535.56 million worth of XRP in 2018, according its quarterly report for Q4 2018 released on Jan. 24. The report further notes that the sales of XRP tokens in Q4 2018 amounted to $129.03 million worth, which is equivalent to 0.24 percent of global XRP volume. The Q4 average XRP daily volume […]

ICOs Raised $160 Million in First Half of January, Report Says January 19, 2019

Initial coin offerings (ICOs) completed in the first half of January have raised around $160 million. The figure was provided in a report by ICO rating service ICObench shared with Cointelegraph on Jan. 18. ICOs completed by Jan. 15 have managed to raise about 33 percent of the combined amount raised in the previous month […]

Following $120 Million Funding Round, Waves Token Price Jumps Over 30% December 20, 2018

Global blockchain platform Waves has raised $120 million in a private funding round for its new project called Vostok, according to an official blog post published Dec. 19. The Vostok project is a “universal blockchain solution” that combines two basic components  — its own private blockchain platform, and the Vostok system integrator, a tool for […]

Report: Israeli Projects Raised Over $600 Million via ICOs as of Q3 2018 November 3, 2018

Israel-based projects have raised over $600 million through Initial Coin Offerings (ICOs) as of the third quarter (Q3) of 2018, according to report by cryptocurrency analytics firm One Alpha released Nov. 2. Per the research, 140 blockchain-focused companies in Israel have attracted $1.3 billion in investment, wherein more than 60 percent of companies and 88 […]

Swiss Startup Raises $103 Million to Launch Cryptocurrency Bank September 27, 2018

Switzerland-based startup SEBA Crypto AG has raised 100 million Swiss francs ($103 million) to set up a bank offering cryptocurrency-related services, Reuters reported September 26. SEBA is reportedly headed by former UBS bankers — Guido Buehler as chief executive and Andreas Amschwand as chairman — and plans to apply for a banking and securities dealer […]

Japanese Cryptocurrency Exchange Hacked, $59 Million in Losses Reported September 19, 2018

Hackers have reportedly stolen $59 million worth of cryptocurrencies from Japanese cryptocurrency exchange Zaif, Cointelegraph Japan reports September 19. According to a local report, as a result of a security breach on September 14, hackers managed to steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen from the assets of […]

Bitmain Data Center to Bring 400 Jobs to Texas Coal-Mining Town,reports TheCryptoStreet.com August 7, 2018

Bitmain, the world’s largest bitcoin miner and mining equipment maker has announced construction plans for a new blockchain data center and cryptocurrency mining facility in the city of Rockdale in Milam County, Texas. TheCryptostreet.com earlier reported that the company released plans to construct a data center in Texas as part of an ongoing North American […]

Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders August 5, 2018

Exchanges Anyone getting involved with leveraged trading must assume upon themselves the risks associated with the potentially highly rewarding practice. A recent event should remind traders that, sometimes, even when the trade goes your way, you can still take a hit. Okex socialized one trader’s massive loss on BTC futures with a clawback. Also Read: […]

Public Chain ASCH Receives $7.5 Million USD Investment from Bitmain August 2, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

SBI Invests $9 Million in Institutional-Grade Cryptocurrency Derivatives Platform August 2, 2018

Japanese financial services giant SBI Holdings has invested $9 million in U.S. digital marketplace architect Clear Markets to fund the latter’s creation of a cryptocurrency derivatives trading platform built for institutional investors. Nikkei Asian Review reports that SBI Crypto Investment has obtained a 12 percent stake in Clear Markets, which is headquartered in Charlotte, NC […]

Crypto Mining Firm CEO Exit Scams with $35 Million in Investor Funds July 30, 2018

The CEO of Sky Mining, a crypto mining company in Vietnam, has disappeared with investor funds totaling about $35 million, according to a local news outlet. About 20 investors of Sky Mining reported the matter to the local police in the Phú Nhuận District after learning that “approximately 600 mining machines had been removed” by […]

Crypto Mining CEO Said to Disappear With $35 Million In Funds July 30, 2018

The chief executive of a cryptocurrency mining startup has reportedly disappeared with $35 million in client investments, Newsweek reported Monday. Le Minh Tam, head of Vietnam-based Sky Mining, has been missing since July 26, according to the report. The startup, which claimed it would rent crypto miners to investors for between $100 and $5,000, received […]

Mining Round-Up: Sky Mining CEO Flees with $35 Million, Texas Attracts Miners July 30, 2018

Mining In recent mining news, it has been alleged that the CEO of Vietnam-based Sky Mining has fled the country with $35 million USD in investor funds in his possession. Meanwhile, in the US, Tmgcore has acquired a 100-megawatt data center in Dallas, Texas, and local media have reported that Bitmain will open a mining […]

Wall Street Traded $572 Million in Bitcoin Futures During Tuesday’s Bull Run July 26, 2018

The bitcoin price is rallying, and this time, it looks like Wall Street has shown up to the party. On Tuesday, bitcoin brief briefly broached the $8,500 threshold on Bitfinex for the first time since mid-May, and while it has since pulled back several hundred dollars from that two-month high, it has nevertheless risen 10 […]

FlipNpik Raises $2 Million to Date in ICO Private Sale, Consolidates Partnerships for Expansion into Asia July 24, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

Credit Rating Firm Backs $8 Million Fundraise for Crypto Alternative July 20, 2018

A startup looking to build a credit scoring protocol on top of the recently-launched Ontology blockchain has raised $8 million in seed funding. POINTS, founded in 2017, said it drew funding from a mix of traditional venture capitalists including Danhua Capital and Ceyuan Ventures, a backer of OKCoin. Other participants in the seed round include […]

Sequoia China, Polychain Lead Blockchain Startup's $28 Million Round July 18, 2018

Blockchain startup Nervos Network has announced the completion of a $28 million Series A funding round. The company said on Wednesday that major investors in the round included token-focused hedge fund Polychain and venture capital firm Sequoia China, as well as several China-based blockchain startups like wallet services Bixin and imToken. The new financing will […]