Chinese mega-investor Tencent will pour 500 billion yuan ($70bn) into emerging technology, as part of an ambitious five-year investment project. The move follows April’s creation of a Chinese blockchain committee by the…
Berlin Blockchain Startup Gapless Wins $6m Round
Gapless, a Berlin-based blockchain startup, has received €5.5 million ($6m) seed financing round, led by a top blockchain developer’s investment vehicle. The FinLab EOS VC Fund, a joint project from FinLab and…
Heavyweights Join China’s Blockchain Committee
Tencent, Huawei and JD.com are among 71 companies the Communist Party of China has added to a new blockchain committee, which Beijing hopes will set standards for a national ledger. The catchily-named…
London VC Basinghall Partners Announces $109m European Fund
London-based venture capital firm Basinghall Partners has announced its its first VC fund, aimed at early-stage startups across Europe. The Basinghall Tech Fund, which totals $109 million, will invest between $550,000 and…
Decentralized Trading Platform Vega Wins $5m Seed Round
Vega, a decentralized trading startup, has won a $5 million Seed funding round led by Pantera Capital, a Bitcoin-focused venture capital fund. The money will help Gibraltar-registered Vega develop a protocol it…
Blockchain Won’t Save the World – But it Might Help Us Be Better
Ever noticed how everybody telling us how blockchain is going to save the world, is the head of a blockchain company? It’s almost as if they’ve got something to gain personally by…
After 2017’s “Cowboy” Crypto Era, Iceland’s Miners Look Forward to a Divested Future
Last December, as bitcoin reached its highest price, Advania, Iceland’s largest data center provider, struggled under the weight of demand from foreigners desperate to tap into the country’s unique, crypto-friendly metrics. “We…
South Korean Government Sets Aside $880m for Blockchain
South Korea’s government has ringfenced $880 million in its annual budget next year, to invest in high-innovation technology – particularly the blockchain. In a release issued on Tuesday, the country’s deputy prime…
The Top Three Most Lucrative Countries For Bitcoin Miners
This year has been topsy-turvy for Bitcoin – but which one isn’t? Since December its value has dropped from $13,860 to $9,244, leading many part-time investors to pull funds from Coinbase and…
How Will Blockchain Impact the Internet of Things?
According to Gartner, by 2020, the Internet of Things (IoT) installed base, excluding PCs, tablets, and smartphones, will reach 26 billion units, empowering a market worth of $3 trillion. By 2025, the total…