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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Ethereum 

Blockchain Startups Raised $822 Million in H1 2019: New Report

Blockchain startups have raised $822 million in 279 separate venture capital (VC) deals in H1 2019, according to a report by American venture platform Outlier Ventures released on July 7. According to the research, titled “State of Blockchains Q2 2019,” 159 deals out of total 279 were seed stage ones, which shows that a sufficient number of enterprises have moved from proof of concepts in the industry, launching “fully developed open-source projects” instead. In this regard, Outlier Ventures cited the United States’ largest bank, JPMorgan, and Big Four auditor Ernst…

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Blockchain 

Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption

The CEO of transactions firm NZIA Ltd, Jay Joe, says Bahamian tech startups will need to lead the development of Project Sand Dollar, according to a report by the Nassau Guardian on May 31. Project Sand Dollar is an initiative to tokenize the Central Bank of the Bahamas’ (CBOB) fiat currency as a central bank digital currency (CBDC), which is supposed to launch in the Bahamian district Exuma this year. Joe discussed how he thinks participation from local banks, small and medium-sized enterprises, and entrepreneurs in CBDC implementation will be…

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Blockchain 

Indian State of Telangana Aims to Set up Blockchain District for Start-Ups

The Southern Indian state of Telangana plans to establish the country’s ostensibly first blockchain district, local newspaper The Hindu Business Line reported on May 27. The planned district will reportedly aim to establish an ecosystem for blockchain startups and research institutes. While it will seek to attract a host of different blockchain projects, the initiative reportedly has a particular focus on those working to develop blockchain applications for the banking sector, financial services and insurance, pharma and healthcare, logistics and supply chain management and solutions for government sectors. According to…

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Bitcoin 

Blockchain Sister Startups Allegedly Pull $8 Million Exit Scam

Blockchain startups RepuX and JoyToken have reportedly pulled a joint initial coin offering (ICO) exit scam, according to an exposé by Hard Fork of The Next Web (TNW) on May 16. RepuX and JoyToken reportedly ran their ICO promotions during March and April of 2018, and are now walking away with $4.7 million and $3.3 million, respectively. As far as the startups’ stated plans were concerned, Hard Fork reports: “RepuX claimed that it was trying to build what it called a ‘blockchain-powered data marketplace,’ while JoyToken was trying to create…

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Blockchain 

CMC Telecom, Akamai to Prevent DDoS Trading Floor Attacks for Blockchain Startups

Vietnam’s CMC Telecom and American cloud service provider Akamai have signed a joint agreement to deliver security services to a blockchain-based trading floor, according to a report shared on CMC’s website on May 2. Akamai is one of the biggest global distributed computing platforms, with revenue in 2017 of more than $2.5 billion. Both providers are going to give support to BCNEX, which offers support services for blockchain-based startups in Vietnam. According to the report, the aim of the partnership is to keep user data safe and prevent distributed denial-of-service (DDoS) attacks. The…

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Blockchain 

White Paper Writers Can Earn $50K, But Say Startups Often Mislead Investors

White paper writers are earning up to $50,000 per job, according to a Decrypt investigation published on April 22— but the freelancers involved have accused some startups of misleading investors. The writers told the website as part of its two-week investigation that completing a paper can take up to eight months and cost between $1,000 and $50,000, with most of the work found via platforms such as LinkedIn and Upwork. Many of those interviewed alleged they were “constantly required to fabricate and exaggerate facts.” Adefemi Yusuff Adegoke, one white paper writer, noted that…

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Blockchain 

German Firm Offers White-Label Products for Startups

A company says it is combining the power of IT and marketing to deliver high-security, functional and profitable pieces of software that not only work flawlessly, but also sell. CPI emphasizes its software is scalable and geared toward the finance and blockchain industries. The firm offers white-label products that allow businesses to achieve their financial goals by converting casual visitors into paying customers. Among its suite of products is a crypto exchange that is available on the web and through mobile apps. The platform delivers high-frequency trading for virtual currencies…

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Blockchain 

South Korean Capital to Invest Over $1 Billion in Fintech and Blockchain Startups by 2022

The Seoul Metropolitan Government has announced plans to invest more than $1 billion in blockchain and fintech startups by 2022, according to the official announcement published on Feb. 18. According to the release, the South Korean capital’s government plans to use the “Seoul Innovation Growth Fund” for startups that have various investments problems with Series A funding rounds. The fund, launched last year, will primarily focus on startups related to blockchain and fintech industries. The Seoul Metropolitan Government announcement underlines that the average investment per company in London and Silicon…

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