Blockchain 

WSJ: Three ICO Startups Missed

Several firms that collectively raised about $40 million through unregulated initial coin offerings (ICOs) in 2017 missed their deadlines to repay investors following charges by the United States Securities and Exchange Commission (SEC). The Wall Street Journal reported on Nov. 14 that the firms agreed to repay investors or provide more transparency in exchange for lower fines, but did not follow through. The tardy firms Airfox and Paragon Coin missed the original deadline to repay investors who bought their tokens, which was set for Oct. 16. A third startup is…

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Bitcoin 

‘Unknown Fund’ to Donate $75M in Bitcoin to Crypto, Anonymity-Focused Startups

An anonymous organization dubbed “Unknown Fund” is planning to give away $75 million in Bitcoin (BTC) to startups that are focused on anonymity and the protection of personal data. In a press release on Nov. 13, the organization — which consists of “ordinary, anonymous people from different countries” —  said it will donate the money to startups which support the idea of anonymity and specifically operate in such fields as the protection of personal information, tools of anonymity, cryptocurrencies and blockchain. Fighting the misuse of people’s personal data The idea…

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Blockchain 

Bahrain to Provide Fast-Track Setup Program for Fintech Startups

The Bahrain Economic Development Board (EDB) has introduced a new program to attract more startups to the country. According to a press release on Oct. 29, the investment promotion agency for the Kingdom of Bahrain has introduced a fast-track setup program for startups looking to do business there. The new initiative will provide an expedited entry process covering visa requirements, residency and business registration processes. It also offers guidance from the country’s incubators and accelerators, as well as access to grants and financial supports.  In its statement, the EDB lauds…

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Bitcoin 

Why Blockchain Startups Fail | Cointelegraph

It’s no secret that starting and successfully launching a blockchain project is hard. When it comes to an ever-evolving and complex technology, getting a project off the ground takes more than just a great idea — it requires a dedicated team with the vision, expertise and resources to succeed. In 2017, Deloitte found that about 90% of the 26,000 blockchain projects launched the previous year had become idle. While blockchain technology has continued to mature over the past two years, the fact remains that too many blockchain projects are falling…

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Ethereum 

ConsenSys Supports 7 More Ethereum Startups With $175K Grant

Ethereum venture production studio ConsenSys has selected seven new Ethereum-based projects to support with $175,000 of funding. ConsenSys recognizes “more unique ideas” Speaking to crypto industry media outlet CoinDesk on Oct. 10, the company’s head of experiential marketing Yadira Blocker confirmed the latest round of startups to receive cash. ConsenSys has been funding what it considers promising projects since February. Since the launch, the ConsenSys Grants scheme has spent $330,000 on fifteen startups. “In Wave 1, we saw a lot of applications but they weren’t super strong. In Wave 2,…

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Blockchain 

Andreessen Horowitz Opens School Focused on Crypto Startups

Venture capital firm Andreessen Horowitz (a16z) is opening a school specializing in startups aiming to develop cryptocurrency-related projects. Andreessen Horowitz unveiled its Crypto Startup School in an announcement on Oct. 3, saying that it intends to “encourage more tech entrepreneurs to start crypto projects and help crypto-curious builders navigate the idea maze.” Referring to the so-termed idea maze, the company addressed the importance of good ideas for startups industry, which are eventually “well developed, multi-year plans that contemplate many possible paths according to how the world changes.” Commenting on the…

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Ethereum 

Coinbase, Ripple Leave Top 10 of LinkedIn’s ‘Hottest’ Startups List

Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to the new LinkedIn’s list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while Coinbase’s position was downgraded to 29th (was third in 2018). Stock and crypto trading startup Robinhood mostly retained its position, moving from the sixth place in 2018 to the 7th in 2019. Crypto startups are…

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Blockchain 

Crypto Startups Still Raising Millions in Capital Despite ICO Decline

In late July 2019, Sony Financial Ventures joined a $14.5 million funding round for Bitcoin (BTC) bank Bitwala. Back in 2017 and 2018, such a figure might not have made many headlines, as crypto startups were raking in hundreds of millions of dollars in initial coin offerings (ICOs). The ICO boom has, however, stalled significantly, with fundraising figures for 2019 a far cry from the massive amounts earned by projects in the two years prior. Many of the tokens that came about during the ICO mania have also lost most…

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Ethereum 

Fidelity, Deloitte, and Amazon Now Support Workshops for DLT Startups

Major global firms Fidelity, Deloitte and Amazon, have begun supporting a new blockchain accelerator program called Startup Studio, according to a press release on July 11. The companies are backing the program along with 20 other firms, including Ethereum Foundation and ETH Global, Stellar Foundation, crypto analytics firm Messari, and Coinbase-backed NEAR Protocol, among the others. The new blockchain accelerator is an initiative of IDEO CoLab Ventures, the venture capital division of United States-based design consultancy firm IDEO. Supported by Fidelity, Deloitte and Amazon, as well as major crypto industry…

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Bitcoin 

Porsche Increases Investments in New Technologies With Focus on Blockchain and AI Startups

German automobile manufacturer Porsche AG will increase in its investments in startups — with a focus on blockchain and artificial intelligence (AI) — by around $176 million over the next five years, according to a company press release published September 25. The increase in Porsche’s total investment in venture capital activities for next five years was prompted by the need to “gain access to trends, new technologies and business models,” the press release notes. The investments will be aimed at “early and growth” stage businesses that relate to “customer experience,…

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