Bitcoin 

Crypto Mining Company CoinMine Secures $2.5 Million in Seed Round

Cryptocurrency mining company CoinMine has received a fresh injection of funds from a $2.5 million seed round led by the investment company M13. Coinmine announced the successful fundraiser in an official blog post on Aug. 15. As part of the announcement, Coinmine said it will continue to support more cryptocurrencies and ship out “over-the-air” updates.  The company offers a product called Coinmine One, which is an all-purpose cryptocurrency mining computer that costs $700. The announcement also included a shoutout to previous investors, who include familiar names such as Coinbase Ventures…

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Blockchain 

German Company Secures €750 Million ‘Eco-Friendly’ Loan Via Blockchain

German-based Dürr, one of the world’s leading mechanical and plant engineering firms, has secured a sustainability loan of 750 million euros, the interest on which is linked to its eco-friendly performance.  The credit agreement, reported on Aug. 8 by Finance Magazine (German), was self-initiated by Dürr, utilizing a blockchain-based syndicated loan platform. The consortium process was also digitized and backed by blockchain. The ins and outs of sustainable finance Sustainable or green finance is on the rise and in the current economic climate, has benefits for both investors and lenders.…

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Bitcoin 

Crypto Derivatives Platform FTX Secures $8M In Seed Funding Round

Cryptocurrency derivatives exchange FTX has secured $8 million in its seed round. Major investors include blockchain-focused venture capital fund Proof of Capital and blockchain firm Consensus Lab, among others. In the blog post published on Aug. 6, Proof of Capital revealed that it had invested in FTX, a firm offering futures, leveraged tokens and over-the-counter trading. Consensus Lab, digital asset management firm in blockchain-based capital market FBG, and crypto hedge fund Galois Capital also provided substantial funding. FTX’s founding members include officers from leading industry players such as tech-focused trading…

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Blockchain 

Prasos Secures Payment Institution License From Finnish Watchdog

Finland-based cryptocurrency firm Prasos has secured a payment institution license via the Finnish Financial Supervisory Authority (FFSA). The news comes by way of an official announcement via its crypto exchange website on July 12. According to the announcement, Prasos is now the third crypto firm in Europe to secure a payment institution license. According to its website, Prasos operates a crypto exchange, a crypto investment platform, and Bitcoin (BTC) ATMs. Prasos stated that, thanks to its new license, its crypto investment platform Coinmotion is now capable of supporting a payment service…

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Blockchain 

Facebook Secures Support From Dozens of New Firms for Its Crypto Project

Social media platform Facebook has reportedly secured support from dozens of players in the cryptocurrency and blockchain sector for its forthcoming digital currency. The overall roster was announced by technology-focused media outlet the Block on June 14. Earlier today, news broke that Facebook has allegedly sealed backing from over a dozen firms that include Visa, Mastercard, PayPal and Uber for its soon-to-be-unveiled cryptocurrency project, dubbed “Libra.” Together, these investors form the Libra Association. The materials cited by the Block indicate that the consortium formed to govern the project will also…

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Bitcoin 

Major Insurance Broker Aon Secures Crime Coverage for Crypto Custody Solutions Firm

Aon — a leading insurance broker that purports to occupy 50% of the crypto-insurance market — will reportedly provide crypto custody solutions provider Metaco with crime insurance coverage via a panel of London insurers. The news was revealed in a Metaco press release published by fintech news outlet Finextra on June 11. Lausanne-based Metaco is part-owned by Swiss telecoms giant Swisscom, the country’s national postal service, Swisspost and banking technology vendor Avaloq. The insurers — none of whose names have been disclosed — will reportedly provide the crime insurance coverage…

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Blockchain 

Compliant Token Startup Standard Tokenization Protocol Secures $7 Million in Funding

Compliant tokenization startup Standard Tokenization Protocol (STP) announced that it secured $7 million in funding in a press release shared with Cointelegraph on May 29. Per the release, STP raised the funds in two separate private funding rounds from multiple venture capitalists by selling its STPT token, with $5 million in the first round and $2 million in the second. The investors cited by the company are Neo Global Capital, BlockVC and AlphaBit. The announcement explains that STP’s service is designed to allow for the compliant and transparent tokenization of…

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Ethereum 

Ryan Kavanaugh’s Media Firm Secures $100 Million Investment for Crypto Project

United States-based film producer Ryan Kavanaugh’s Proxima Media has unveiled a $100 million investment for a cryptocurrency-based film funding tool, entertainment industry news outlet TheWrap reported on May 23. Per the report, Proxima Media — which Kavanaugh founded and owns — announced plans for a new crypto-enabled financing tool for film, TV, music and other intellectual property-driven content dubbed Proxicoin. Proxima reportedly received the investment from garment production company Central Wealth Group and venture capital fund Step Ventures. Proxicoin reportedly plans to issue Ethereum-based security tokens that allow holders to…

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Bitcoin 

BitOasis Secures Preliminary Approval With UAE Financial Regulator

United Arab Emirates-based cryptocurrency exchange BitOasis has reportedly secured preliminary approval with financial regulators, Bloomberg reported on May 13. Founded in 2015, BitOasis claims to be the Middle East’s first digital currency wallet that uses multi-signature technology. The company previously announced that it was seeking to be fully licensed in the financial center Abu Dhabi Global Market (ADGM) before the end of this year. Ola Doudin, the founder and CEO of BitOasis said then that “we are hoping to be one of the first regulated exchanges to get that licence.”…

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Blockchain 

Crypto Wallet Secures $50 Million Insurance for Customer Crypto Assets

Crypto securities company Curv has partnered with insurance company Munich Re to obtain $50 million in coverage, according to a Curv press release on May 10. This new insurance is designed to cover any cases in which a bad actor was able to gain access to either Curv or the customer’s shares, both of which would be needed in order to sign off on an illicit transaction. As is stated in the press release: “Even in an extreme scenario where both networks’ shares were somehow simultaneously compromised and a transaction…

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