16.8 C
New York
Monday, October 23, 2017
Home Tags Investments

Tag: Investments

Mark Cuban Backed Unikrn Raises 31 Million In E Sports Token

E-sports betting startup Unikrn has raised roughly $31 million in an initial coin offering. The firm collected 112,720 ethers – an amount worth approximately $31.4 million at press time – in a token sale that took place in two phases, including 56,000 ETH (roughly $15.6 million) in a presale backed by celebrity investor Mark Cuban. In an email, Rahul Sood, chief executive of Unikrn, said that the company had sourced contributions from 112 countries, characterizing them as "mostly small

Foxconn Backs 16 Million Series B for Bitcoin Startup Abra

Bitcoin startup Abra has completed a $16 million Series B led by manufacturing giant Foxconn. Announced today at the Money2020 conference in Las Vegas, the new capital brings Abra's total funding to more than $30 million. Other participants in the round include new investors Silver8 Capital and Ignia, as well as previous Abra backers Arbor Ventures, American Express, Jungle Ventures, Lehrer Hippeau and RRE. However, just as notable is that the round marks Foxconn's first investment in a bitcoin-focused

Moon Or Bust Questions To Ask When Evaluating Icos

Bruce Fenton is the CEO of Chainstone Labs and Atlantic Financial. He has worked in the investment management industry for over 25 years and is a board member of the Bitcoin Foundation and Medici Ventures, and is the host of the Satoshi Roundtable event. In this opinion piece, Fenton offers a set of criteria by which investors can analyze ICOs and cryptocurrencies, with a mnemonic device inspired by one of the industry's favorite slogans. Before bitcoin came along, I

Dilbert Comic Strips Lampoon Blockchain and Initial Coin Offerings

With the enterprise business world moving closer to launching blockchain-based products and services, it's no surprise that the popular comic Dilbert would tackle the subject. In the past week, comic artist Scott Adams has put out two strips related to blockchain, including one wherein the eponymous Dilbert floats the idea of launching an initial coin offering (ICO). After Dilbert lays out the basic gist of the use case – through which funds are raised via the sale of cryptographic

Blockchain Kyc Startup Raises 16 Million In Seed Funding

A blockchain startup focused on know-your-customer (KYC) solutions has raised $1.6 million in a new seed funding round. Norbloc's round was led by Marathon Venture Capital, a VC firm based in Greece that launched in March. Other participants in the round include Digital Currency Group, Inbox Capital, Back in Black, as well as the founding team of classifieds website Avito, the startup announced today. The startup is one of a growing number of companies focusing on KYC, or the

What Comes After The Cryptocurrency Bubble

Joe Pindar is the director of strategy in the office of the chief technology officer at security firm Gemalto. In this opinion piece, Pindar argues that the recent token craze is a blip, and that blockchain technology remains more important in the long term than any currency. If you attend investment conferences or talk to long-time industry analysts, it's clear that that the general cryptocurrency market bubble is unsustainable. There were 30 initial coin offerings (ICOs) in July, each

Ubs Tells Clients How To Place Bets on Blockchain Tech

UBS has some advice for investors looking to capture the rising interest in blockchain: invest in the companies that will spur adoption or be among the first to apply the tech. The financial services firm's new report, "Cryptocurrencies – Beneath the bubble," dives into both cryptocurrencies and wider applications of blockchain in the enterprise space. It notably declares that, in the view of UBS analysts, "the sharp rise in crypto-currency valuations in recent months is a speculative bubble." Yet

Why Hodling is Hobbling Bitcoins Prospects As A Common Currency

Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. In this opinion piece, one of a weekly series of columns, Casey argues that bitcoin's appeal as an investment could diminish its effectiveness as a currency and calls for testing alternative cryptocurrency models. Bitcoin traders like to say their best trading strategy is not to buy and hold, but to buy and "HODL" – hold on for

Billionaire Mike Novogratz Bitcoins Price Will Reach 10k In

Ex-fund manager Michael Novogratz has said in an interview that he believes the value of a bitcoin will reach $10,000 in six to 10 months. Putting his belief into practise, Novogratz, a former principal at investment firm Fortress and an ex-partner at Goldman Sachs, said he is leaving retirement to start a $500 million fund for cryptocurrencies, token sales and related startups. Named the Galaxy Digital Asset fund, Novogratz indicated he has committed $150 million of his own money

Transparent Icos Blockchain Projects Prove Value with New Accounting

With new initial coin offerings (ICOs) now being announced on an almost daily basis, it's been challenging for investors to decide where to invest, or what exactly they're getting for their money. Valuations have largely been determined to date by trust in founders, the white papers they write and the strength of target use cases. But with more than $2 billion having already flowed into token sales, blockchain startup Balanc3 thinks it's time to make ICO accounting more sophisticated.