Investments

Korea’s Government Will Continue Supporting Blockchain Projects in 2020

  • During a meeting, the Korea Internet Security Agency said it will continue supporting blockchain-based projects in 2020.
  • The agency has allocated $9 million to support around 10 projects, with the maximum cap for funding being $1.2 million per project.

$17.1 Million Raised for Skale Network’s Mainnet Launch

  • The Ethereum-compatible blockchain scalability platform now has over 40 investors from the U.S., European Union, Japan, Korea, Hong Kong and Singapore.
  • The newly raised funds will be used to expand the 20-man engineering team, improve security, and stabilize the network.

Israeli Startup Secures $4M for Offline Crypto Wallet with Online Connectivity

  • The $4 million funding round was led by the Co-Founder of Checkpoint, Marius Nacht, and Discount Capital.
  • The new cold wallet uses "unidirectional connection" to link it to a blockchain, where it will have "hot wallet functionalities".

Alan Howard to Launch a $1 Billion Crypto Hedge Fund

  • Elwood's target will be to find companies that satisfy its due diligence to dodge blow ups.
  • Bin Ren, CEO at Elwood, commented on and advocated their venture.

Ripple Incubator Xpring has Invested $500 Million in XRP Projects in a Year

  • Ripple's incubator and investment arm Xpring has invested $500 million in over 20 XRP projects and companies since its creation last year.
  • The Xpring team is also designing a development platform that offers resources such as libraries, tools, and services for developers.

Big Wall Street Player bets on Cryptocurrency

  • Henry Kravis invests in a flagship San Francisco crypto fund managed by ParaFi Capital.
  • ParaFi Capital Founder understands that crypto investments are become more and more lucrative for Wall Street.

Ripple Will Invest $50 Million in MoneyGram International

  • Payment Network Ripple Will Invest $50 Million in MoneyGram.
  • The current contract comes as a sequel to their 2018 mutual work.
  • The contract allows MoneyGram to use XRP and xRapid.

Parity Technologies Receives a $5 Million Grant from the Ethereum Foundation

  • According to a post from Jan. 7, the funding should be considered a scalability, usability and security grant.
  • Parity Technologies is an infrastructure and innovation focused company building platforms and applications, co-founded by former Ethereum Foundation security chief Jutta Steiner.

Six Blockchain Startups to Recieve Funding From UNICEF

  • The Innovation Fund of UNICEF will be investing up to $100,000 in these companies, which will have 12 months to deliver open-source prototypes of blockchain applications.
  • The companies in question are: Atix Labs, Onesmart, Prescrypto, Statwig, Utopixar, and W3 Engineers.

U.S. Department of Homeland Security Offering $800k for Anti-Forgery Solutions

  • The Science and Technology Directorate (S&T) of the DHS announced in a press release earlier this week that they will be seeking counterfeiting solutions from startups with funding for start ups of up to $800,000 in non-dilutive funding.
  • The new funding program will be rolled out in four phases, with startups getting between $50,000 and $200,000 in funding for each phase.