Blockchain-Powered Trust Paxos Raises $65 Million From Investors

Blockchain-Powered Trust Paxos Raises $65 Million From Investors

Paxos, an American financial technology startup, has attracted $65 million from investors, including venture capital firms RRE Ventures and Liberty City Ventures, and private equity executive Jay Jordan. The company was initially founded in 2012 as Bitcoin exchange itBit and later rebranded as Paxos, a business focused on providing services … Read the rest

Exchange Forum Binance To Raise Funds To Support Blockchain And Cryptocurrency Startups

Exchange Forum Binance To Raise Funds To Support Blockchain And Cryptocurrency Startups

Binance, one of the world’s largest cryptocurrency exchanges, has announced it is launching a $1 billion “Social Impact Fund” to foster the growth of blockchain and cryptocurrency startups. Ella Zhang, head of the exchange’s incubator program Binance Labs, said during an online meetup Thursday that the capital for the fund … Read the rest

To Reduce The Risk Of Cyber Attacks, Japan Plan On Implementing Stricter Cryptocurrency Exchange Rules

The Japanese Financial Services Agency (FSA) is due to impose strict standards on cryptocurrency exchanges seeking to register in the country. The sudden collapse of Mt. Gox, bankruptcy filing, and subsequent accusations levied against former CEO Mark Karpeles of embezzlement and fraud gave cryptocurrency investors a wake-up call: exchanges are … Read the rest

Sitges Pens Down A Blockchain Deal With SEG, Becomes The First Film Festival To Accept Cryptocurrency

Sitges Pens Down A Blockchain Deal With SEG, Becomes The First Film Festival To Accept Cryptocurrency

Sitges International Fantastic Film Festival is to become the first major movie fest to accept cryptocurrency. The well-known Spanish genre festival has entered into a deal with fledgling new tech firm Slate Entertainment Group (SEG) to take on its blockchain based digital ticketing platform Slatix, which uses digital currency called … Read the rest

Oracle All Set To Launch Its Blockchain Products

Oracle Corp. will unveil its blockchain software starting this month, alongside the growing list of companies offering products that use the digital-ledger technology behind Bitcoin. The Redwood City, California-based company will introduce a platform-as-a-service blockchain product this month and decentralized ledger-based applications next month, Thomas Kurian, president of product development, … Read the rest

South Korea Edging Closer To Become The World’s Leading Market For Blockhain Technology

According to leading data and analytics firm GlobalData, South Korea is on its way to become a solid leader in the blockchain community. Businesses like Korea Telecom (KT), for example, are already working to determine how the blockchain can be used to lessen production expenses and generate new types of … Read the rest