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VC Firm Raises $1.8 Billion for Startup Investments Including Cryptocurrency

Lightspeed Venture Partners, a venture capital (VC) firm and early investor in Snap Inc., has raised $1.8 billion for startup investments including cryptocurrency projects. As it eyes a business expansion to Southeast Asia, where the digital currency ecosystem thrives like no other region, the VC player is likely to fund a number of promising cryptocurrency products… […]

Top 4 Disappointments of 2018 (So Far)

There’s no simple way to put it. 2018 has been tough for the world of cryptocurrency. As most individuals who are currently invested made their start right before or during the bear market, which has been the longest in crypto since 2014-2015, it’s safe to assume that a large number of them have seen significant […]

Nigeria’s Poor Turn to Crypto Bounty Hunting

Bounty hunting platforms are showing that cryptocurrencies are offering a way out of poverty for some, writes Coindesk. A bounty is a simple task or job created by a coin developer that you carry out to earn coins or tokens, usually before and during an initial coin offering (ICO). The main areas are typically Tweeting […]

Korean Messaging App Kakao to Raise Funds for Crypto Move

The company behind Kakao, the most popular messaging app in South Korea, has suggested it will do a private placement next month to raise money for a crypto platform. The platform will be separate from the messaging app due to concerns over the lack of ICO regulations, Bloomberg reported on June 28. Ground X to… […]

ICOs Have Generated $13.7 Billion in 2018 So Far, Nearly Doubling 2017 Numbers

In the first five months of 2018, cryptocurrency sales from initial coin offerings (ICOs) jumped to $13.7 billion — almost double the amount raised for the whole of 2017, according to a report released yesterday by PwC’s strategy and consulting division Strategy& and Switzerland-based Crypto Valley Association. 2018’s Initial Coin Offerings This year’s digital currency… […]

Estonian Startup Pops Up on SEC Notice Seeking $180 Million

A little-known company based in Estonia is looking to raise funds up to USD 180 million an obscure ‘GoWeb’ token sale, reports Coindesk. The SAFT Project is a forum for the discussion of a compliant framework for token sales. Notice of the company using the fundraising sale was published through US Securities and Exchange Commission’s (SEC) […]

Apple Bows to Public Pressure over Crypto-Unfriendly Apps

Apple has made a number of store revisions in order to loosen its guidelines for crypto apps, reports Investing.com. A group known as the Developers Union had recently made requests to Apple to allow every app on the platform to free trials before July 2019, among suggestions for other improvements. The union is an unofficial body […]

Apple Sides with Russian Govt, Restricts Telegram, Claims Pavel Durov

If there’s a sacred line the crypto community insists shouldn’t be crossed, it’s Thou Shalt Never Cooperate with Government Prohibitions. Apple Inc., the world’s most valuable company, appears to have ventured into such territory, according to Telegram’s founder Pavel Durov. He claims the maker of iPhone, iPad, and other iconic hardware, is purposefully restricting Telegram’s […]

Russian Central Bank: ‘Crypto Assets’ No Threat to Global Financial Stability

Crypto assets don’t currently threaten global financial stability, according to a 30 May report released by Russia’s Central Bank, writes Cointelegraph. The report went on to say that, due to comparatively low global cryptocurrency volumes, this particular segment is insignificant at present, posing no actual threat to global stability in financial sectors. Similar to a recent […]

Telegram Cancels ICO Amid Tightening of Regulations

From what was rumored to be the biggest initial coin offering (ICO) in history, Telegram has now shut down its much-publicized ICO, as reported by the Independent. While some have claimed that Telegram already successfully raised its monetary target, it seems more likely that the cancellation was due to the tightening of ICO regulations happening across […]