Blockchain-Powered Trust Paxos Raises $65 Million From Investors

Blockchain-Powered Trust Paxos Raises $65 Million From Investors

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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

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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