Investments

Huobi Japan Raises $4.6M, Issues New Stock

  • The new stocks will be issued to the Tokai Tokyo Financial Holdings over private placement.
  • Huobi Japan CEO commented on the partnership and funding initiative, emphasizing on the recognition of blockchain tech by traditional brokerage services.

Maker Sells $27.5M in MKR, Focuses on Asia Market

  • The new purchase represents 5.5% of the total supply of Maker (MKR) tokens.
  • MKR tokens are used to govern and operate the Dai ecosystem, the most popular crypto-backed stablecoin pegged to USD.

Ripple Completes $50 Million MoneyGram Investment Commitment

  • By investing another $20 million into MoneyGram, Ripple has now acquired nearly 10% of the company's outstanding common stock.
  • The two companies entered into a 2-year strategic partnership back in June, with Ripple committing to invest $50 million in total.

BCB Blockchain Pledges $300,000 to Philippine Startups

  • BCB Blockchain has committed to partnering up with the Philippine government in order to facilitate the creation and development of startups.
  • Promising to work closely with educational partners, the company further signed agreements with universities in Luzon, Visayas and Mindanao.

The E.U. Unveils a €400M Blockchain, AI Investment Fund

  • A total of €100 million have been put together for the investment scheme, while another €300 million are expected to come from private investors.
  • Estimated to have spent $674 million on blockchain this year, Europe is second in the world, behind the U.S..

U.S. Homeland Security Blockchain Grant Awarded to Factom

  • The platform Factom will develop will help organizations to manage certificates and licenses "associated with tracking raw material imports".
  • This grant marks the second investment that the Department of Homeland Security has made into Factom's technology.

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.