Startups

Y Combinator’s New China Chief Is Bullish on Blockchain

5 days ago admin2 0
Y Combinator (YC) has just announced a new China division and its chief believes blockchain will bring long-term advantages to startups, according to a report The Silicon Valley-based seed investment firm, which has incubated notable startups including Reddit, Dropbox and crypto exchange Coinbase, officially announced its entry into the Chinese market in a blog post Read More

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

5 days ago admin2 0
Several blockchain associations in South Korea are pushing back against a government plan they fear will stifle industry innovation. The groups are objecting to a proposal aired by South Korea’s Ministry of SMEs and Startups on Monday for an amendment to the country’s existing venture business law that would, if enacted, exclude cryptocurrency exchanges from the category Read More

Australian State Grants Crypto Startup $100k to Boost Tourism

3 weeks ago admin2 Comments Off on Australian State Grants Crypto Startup $100k to Boost Tourism
Australia’s Queensland state government has awarded a $100,000 grant to a crypto travel experience startup, a government official announced on Wednesday. The company, TravelbyBit, designs “tourist routes” on which travelers can spend crypto, and also provides a crypto payments platform for merchants. “Tourism is one of Queensland’s most important industries,” Innovation Minister Kate Jones said Read More

Waves’ Decentralized Exchange Had a $6 Million Debut. Then It Got Hacked

4 weeks ago admin2 Comments Off on Waves’ Decentralized Exchange Had a $6 Million Debut. Then It Got Hacked
When a decentralized cryptocurrency exchange supports fiat tokens and courts banks, yet makes customer identification optional, all bets are off. According to data provided to CoinDesk by the blockchain project Waves, the company’s new decentralized exchange (DEX) was facilitating $6 million of crypto transactions a day at the end of its beta testing last month. Read More

Credit Rating Firm Backs $8 Million Fundraise for Crypto Alternative

1 month ago admin2 Comments Off on Credit Rating Firm Backs $8 Million Fundraise for Crypto Alternative
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 Read More

Coinbase Co-Founder Backs Blockchain Startup’s $3 Million Seed Round

1 month ago admin2 Comments Off on Coinbase Co-Founder Backs Blockchain Startup’s $3 Million Seed Round
A startup that is developing a protocol based on the ethereum blockchain to allow users to validate information across different datasets has raised $3 million in seed funding. Called DIRT, the San Francisco-based company said Wednesday that notable investment firms taking part in the round include Digital Currency Group, Pantera Capital, China-based Zhenfund and InBlockchain. Individual Read More

UK Watchdog Welcomes First Crypto Startups to Regulatory Sandbox

1 month ago admin2 Comments Off on UK Watchdog Welcomes First Crypto Startups to Regulatory Sandbox
For the first time, the U.K.’s financial regulator is directly recognizing the potential of blockchain-related startups. For the latest and fourth cohort of startups for its regulatory “sandbox,” the country’s Financial Conduct Authority (FCA) has given access to 11 blockchain and distributed ledger technology-related companies – almost 40 percent of the 29 accepted. The regulator Read More

A brilliantly simple formula could be the key to raising pay for Uber drivers

2 months ago admin2 Comments Off on A brilliantly simple formula could be the key to raising pay for Uber drivers
“For the 60 percent-plus of all New York City drivers who are full-time drivers—and who provide 80 percent of all rides—work hours are not flexible,” begins a recent report on the earnings of ride-hail drivers, thus neatly dispensing with the myth that Uber drivers in New York can be their own boss and work their Read More

Crypto Tourism Is Growing – For Better or Worse

2 months ago admin2 Comments Off on Crypto Tourism Is Growing – For Better or Worse
Cryptonation. Blockchain Cruise. CryptoCribs. These are just several of the names of tourism programs focused on the blockchain industry, from luxury cruises to Middle East startup tours, that are part of a growing trend targeting crypto-curious travelers. The Blockchain Cruises, organized by the tourism arm of Edinburgh, Scotland-based crypto wallet provider CoinsBank, have garnered a Read More

IOST Blockchain Incubator Launches With $50 Million Fund

2 months ago admin2 Comments Off on IOST Blockchain Incubator Launches With $50 Million Fund
Bluehill, a startup incubator for global blockchain projects, launched on Thursday after raising $50 million to support the IOST blockchain ecosystem. The firm said in a release that it is now taking in applications from startups on a rolling basis and on average invests $500,000 into a project with “both seed investments of $100,000 and Read More