Ripple’s Xpring and Firm Behind Zcash Among Investors in Privacy-Focused Crypto Startup

Ripple’s fundraising arm Xpring announced in a blog post on April 17 that it has joined several companies to invest in Bolt Labs, a startup aiming to deliver “instant, cheap and private payments” by adding a layer of anonymity to existing networks. Zooko Wilcox, CEO of the Electric Coin Company — the firm behind Zcash — confirmed to Forbes that his company also contributed to Bolt Labs’ seed round. Wilcox has also been appointed as an advisor to the startup. In a blog post setting out its vision, Bolt Labs…

UK Blockchain Startup Raises $3.9M With Equity Tokens Via LSE’s Turquoise Test Platform

This article has been corrected to reflect that the money raised was in collaboration with the Turquoise platform in a test environment, and not on the LSE’s Turquoise platform itself. United Kingdom-based blockchain startup 2030.io has raised $3.9 million in collaboration with a platform owned by the London Stock Exchange (LSE), according to a press release shared with Cointelegraph on April 15. Known as Twenty Thirty or 20|30, the startup has reportedly secured 3 million British pounds (GBP) by selling tokenized shares and settling them in a test environment on…

Blockchain Startup ConsenSys Seeks $200 Million From Outside Investors

New York-based blockchain company ConsenSys is reportedly seeking investors to raise $200 million, technology media outlet The Information reported on April 15. According to sources familiar with the matter, ConsenSys is trying to attract outside investors to raise $200 million. The company’s executives reportedly talked to investors in Hong Kong and South Korea, however as of early April ConsenSys had purportedly not yet found a lead investor. The Information cited fundraising documents, revealing that ConsenSys closed 2018 with just $21 million in revenue coming mostly from its enterprise consulting business.…

London-Based Blockchain Startup Raises $3.9M with Equity Tokens on LSE’s Turquoise

United Kingdom-based blockchain startup 2030.io has raised $3.9 million through a platform owned by the London Stock Exchange (LSE), fintech news Finextra reported on April 15. Known as Twenty Thirty or 20|30, the startup has reportedly secured 3 million British pounds (GBP) by selling tokenized shares on LSE-owned equity trading platform Turquoise. In July 2018, 20|30 became one of 29 firms that were approved by the Financial Conduct Authority (FCA) to start testing within its fourth cohort of a regulatory sandbox. With FCA approval, 20|30 became authorized to issue equity…

US Startup Raises $3.5 Mln From Pantera, Others to Launch Decentralized Exchange on LN

The United States-based startup Sparkswap has completed a successful seed funding round to create a decentralized exchange based on the Bitcoin (BTC) Lightning Network. A blog post revealed the development on Monday, April 8. According to Sparkswap’s founder Trey Griffith, the company raised $3.5 million from investors including Initialized Capital, Pantera Capital, Foundation Capital and Y Combinator. The startup intends to create a decentralized exchange that will be protected from hacks, while still processing transactions on blockchain. Sparkswap started testing its mainnet on Jan. 2, 2019, which is driven by…

Blockchain and DEX Startup Radar Releases New Lightning Network Developer Tools

Radar, the startup behind decentralized exchange Radar Relay that raised $10 million last year, announced that it will release new Lightning Network developer tools. The statement was made in a Medium post published on April 5. The developer tools, which will be released at the Lightning Network hackathon sponsored by the company, Boltathon, include a node configuration helper, a tool for opening channels and requesting channels, an invoice sandbox for test and an invoice decoder. The tools will be accompanied by setup tutorials, software recommendations and configuration guides for connecting…

Startup Behind Ethereum DEX Releases Lightning Developer Tools

The startup Radar, which raised $10 million in a series A funding round last year, has revealed a new suite of tools for developers working on the lightning network, bitcoin’s second layer for scaling payments. To be released at the Boltathon hackathon, the developer tools include a configuration helper for setting up a lightning node and an invoice “playground,” where users can test if their lightning node can connect to other nodes. Then, there’s a liquidity tool for making sure users can send and receive payments, a feature that’s not…

Blockchain Mortgage Tech Startup Acre Software Raises $6.5 Mln From UK Financial Advisor

United Kingdom startup Acre Software raised about $6.5 million to apply blockchain technology to the mortgage and insurance application process for advisers, a press release published on April 4 states. Per the release, nearly three-quarters of UK mortgages are facilitated by advisers, and the company aims to help them retain their position by matching the speed of an end-user service. Acre reportedly uses blockchain to store all the data about mortgage advice immutably. The investment reportedly comes from UK financial adviser Sesame Bankhall Group (SBG), which, according to the release,…

Former Simple Bank Co-Founder Unveils New Blockchain Payments Startup

A new startup launched by the former co-founder of Simple Bank wants to provide early-stage fintech startups with traditional banking service functionality. Sila, founded last year and until now operating in private alpha test phase, unveiled an open beta Thursday, inviting developers of fintech firms – including blockchain and crypto startups – to begin building new tools using its API. The startup describes itself as an “all-inclusive API platform” for fintechs and other projects looking to modernize the financial space. Specifically, the startup connects existing payment systems, such as automated clearing house…

New $50 Million Fund Makes First Investment in Blockchain ID Startup

A new $50 million VC fund has been set up by Nasdaq-listed company Okta to invest in early-stage technology startups, including those working with blockchain. Okta, which provides identity management solutions, announced the Okta Ventures Fund Wednesday, adding that it has made its first investment in blockchain-based identity startup Trusted Key. The investment amount was not disclosed. Trusted Key was founded by former Microsoft, Oracle and Symantec executives and offers decentralized digital identity solutions allowing organizations to “work together as ecosystems to share strongly proofed user identities with user consent.” Through its…