Blockchain Music Startup Raises $5.5 Million in Series A Funding

Audius, a decentralised, community-owned music sharing platform billed as the blockchain’s answer to Soundcloud has announced the successful completion of a $5.5 million Series A funding round as it launches the world’s first ever blockchain-based music sharing protocol. Made on August 8, 2018, the announcement revealed that the funding round was led by General Catalyst and …

Singapore VC Firm Launches Dedicated $10 Million Cryptocurrency Fund

Singaporean venture capital firm Golden Gate Ventures is launching what it bills as Southeast Asia’s ‘first dedicated VC cryptocurrency fund’ with $10 million in investment capital. Dubbed LuneX Ventures, the fund will see a ‘laser-like focus’ on the cryptocurrency and blockchain space by investing in early-stage startups including cryptocurrency exchanges, the VC firm said on …

‘Dark Horse’ U.S. Presidential Candidate Accepts Bitcoin Donations

Andrew Yang, a “dark horse” U.S. presidential candidate running as a Democrat, tweeted that he is accepting donations in bitcoin, Ether and other cryptocurrencies for his 2020 presidential bid. Yang is a successful entrepreneur who founded an organization called Venture for America, an entrepreneurial fellowship. He authored a book called “The War on Normal People” …

Electric Scooter Startup Spin Seeks $125 Million In ‘Security Token Offering’

An electric scooter startup called Spin is trying to raise close to $125 million in what’s called a security token offering (STO), which sells tokens backed by real-world financial instruments, according to Axios and confirmed by TechCrunch. The STO marks a new phase in funding following initial coin offerings, TechCrunch observed. STOs provide more security …

Coinbase, Billionaire Peter Thiel Back New ‘Reserve’ Stablecoin

Coinbase and Silicon Valley investor Peter Thiel are among over 40 groups, funds, and angel investors backing the latest addition to the cryptocurrency ecosystem’s stablecoin arsenal, a new stable token called Reserve, which  closed $5 million in its first round of funding The stablecoin, which is pegged 1:1 to the value of USD, is in …

Second Bitcoin Mining Manufacturer Plots Hong Kong IPO

China-based bitcoin mining hardware manufacturer Ebang Communication has filed to go public on the Hong Kong Stock Exchange (HKEX). The company, the third-largest producer of application-specific integrated circuit (ASIC) chips for bitcoin mining, on Monday filed an application to hold its initial public offering (IPO) on HKEX. The news was first reported by regional industry …

TrustToken Receives $20 Million in Funding Round

TrustToken, the company behind the TrueUSD stablecoin, has raised $20 million in a strategic funding round from Andreessen Horowitz, BlockTower Capital, Danhua Capital, GGV Capital, and other parties. “The most recent round will support the development of the TrustToken asset tokenization platform, for assets that may include currencies, equities, real estate, and more. The funding …

Bitmain Raises $400 Million in Pre-IPO Funding Round: Report

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Bitmain, the dominant force in bitcoin mining, has reportedly raised $400 million as it gears up to go public later this year. Regional media outlet China Money Network reports that the funding round, which values the China-based firm at …

Blockchain Settlement Platform Paxos Raises $65 Million in Series B Funding

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Blockchain settlement platform Paxos, formerly bitcoin exchange itBit, has closed a $65 million Series B round of financing led by existing investors. New York-based Paxos revealed the Series B round was led by a group of existing investors including Liberty City Ventures, …

Coinsquare Launches TV Ad Campaign Ahead of September IPO

Join our community of 10 000 traders on Hacked.com for just $39 per month. Canadian cryptocurrency exchange Coinsquare has unveiled its first television commercial as it seeks to build out its customer base before going public later this year. The exchange — often described as “Canada’s Coinbase” — on Monday released an advertisement that will …