Blockchain 

uBUCK Technologies Announces Non-Brokered Private Placement of up to US$4 Million

VANCOUVER, British Columbia, Sept. 23, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF)(FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”), will conduct a non-brokered private placement of up to 8,000,000 preferred shares, at a price of US$0.50 per share for aggregate gross proceeds up to US$4,000,000 based on a pre-money valuation of US$25,000,000. uBUCK intends to use the proceeds of the private placement to complete the development of the uBUCK and Streambucks digital wallets,…

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Blockchain 

LINE’s Crypto Platform Rolls Out for 80 Million Users in Japan

As far as the creation of a crypto platform is concerned, many of the world’s consumer-facing tech companies are looking at ways to create one. Hence, it is not a surprise that Japan’s messaging app behemoth LINE has now officially launched its own cryptocurrency exchange, Bitmax, and is all set to open up a new chapter in the country’s crypto history. Key Details Japan is a nation that has been highly encouraging towards crypto, and the regulators have helped build a strong ecosystem over the past few years. The establishment of…

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Blockchain 

Blockstack Raises $23 Million USD in First Regulated Token Offering

Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission. Blocskstack PBC, which is a decentralized computing network aiming to antiquate data breaches and trust violations, first announced the token sale in July, having received SEC approval to raise up to $28 million USD in a Reg A+ compliant offering. The breakdown of the token offering consisted of $15.5 million USD raised through the sale of  74.3 million Stacks tokens through its Reg A+ sale in the US, and an additional…

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Blockchain 

Coinbase Launches New $2 Million USDC Bootstrap Fund

Coinbase, a leading crypto trading platform, has announced a new $2 million USDC fund to further develop decentralized finance (DeFi) projects. Difference Between Bootstrap Fund and Coinbase Ventures The initiative is to be called the USDC Bootstrap Fund and will see $1 million USDC invested in both Compound, a money market protocol, and dYdX, a margin trading protocol and open trading platform for crypto assets. The fund differs from Coinbase Ventures, which invests in startups and takes an equity stake, in that it will add to the protocols’ lending pools…

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Blockchain 

Ripple (XRP) | $26 Million Moved to Co-Founder Jed McCaleb

Ripple, the company that holds the highest number of XRP tokens, has been in the news for the wrong reasons over the past few weeks. Analysts and members of the XRP community have been quite vocal about the way in which the company has gone about dumping large quantities of its holding at regular intervals. Many believe that the periodic selling of XRP tokens at large volumes has led to the poor performance of the token. XRP, which is the third biggest cryptocurrency by market capitalization, has been one of…

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Cryptocurrency 

Elliptic, A Crypto Forensic Startup, Raises $23 Million USD

Elliptic, a British startup firm aimed at tracing suspicious crypto activity, has raised $23 million USD in a funding round led by SBI Holdings. Elliptic to Expand into Asian Markets The Series B funding round was led by Japanese financial institution SBI Holdings and will enable Elliptic to continue expansion into Asian markets where it has recently opened an office in Singapore and will open another in Japan this week. Elliptic CEO and founder James Smith cited Asia as a highly attractive market for the company due to its prominent…

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Blockchain 

Ripple Escrow Wallet Transfers Another 500 Million XRP to Company

In recent times, Ripple has been at the center of whale moves and has managed to move a significant amount of XRP. In the latest development, Ripple Escrow wallet has completed the transfer of 500 million XRP token to Ripple. Massive Movement of XRP to Ripple In a recent tweet, the Whale alert indicated tokens worth around $130.1 million moved from the Ripple Escrow Wallet to Ripple. The Whale alert account usually provides information regarding cryptocurrency whale movements, and it is always informing the community about various crypto whale moves.…

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Blockchain 

Telegram’s 300 Million Users May Be Able to Trade Cryptocurrency

Crypto bull runs often result in developments that often seem a bit farfetched, but at the end of the day, almost everyone wants to cash in on the phenomenon. It happened in 2017, and it is happening once against in 2019 as Bitcoin led the massive crypto surge in the first half of the year. Naturally, some of the world’s biggest tech companies are now getting an interest in Bitcoin as well as in the wider crypto ecosystem. It has now emerged that messaging platform Telegram, which is best known…

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Blockchain 

INX Plans to Raise $130 Million USD From Milestone IPO

INX ltd, a crypto exchange startup, has announced plans to raise up to $130 million USD through an Initial Public Offering (IPO). INX has developed a regulated platform for cryptocurrency trading and an alternative trading system for security tokens, which it hopes will become a one-stop-shop crypto services platform. The move to raise money through an IPO is quite unusual by market standards, as generally crypto startups tend to raise capital via Initial Coin Offerings (ICO). On Monday, the company filed a draft prospectus with the US Securities and Exchanges Commission…

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Cryptocurrency 

BlockFi Raises Over $18 Million USD in Funding Round

US cryptocurrency lending startup BlockFi has raised $18.3 million USD in a funding round led by Valar Ventures, the company announced on Tuesday. BlockFi is the first company of its kind to receive institutional funding for crypto-based loans in US dollars, in the form of a $50 million lending facility from Galaxy Digital. The new capital will reportedly be used to expand the array of products on BlockFi’s existing platform that includes interest-earning accounts for Bitcoin (BTC) and crypto-backed USD loans. BlockFi also plans on using the investment to double…

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