Blockchain Startup Takes on Mainstream Crowdfunding Sites to Cut Number of Failed Projects

A new blockchain platform is vowing to take on established crowdfunding sites — and argues that their lack of accountability means greater numbers of projects fail to deliver what they promised. Pledgecamp says its approach involves offering transparency through the form of smart contracts — and ensuring that entrepreneurs and the platform they host their projects on are equally invested in a campaign’s success. One of the startup’s features is known as Backer Insurance. Instead of funds being released in full as soon as a target is met, project creators must…

Fintech Startup to Use Oracle Blockchain Platform to Boost Payment Processes

Finance platform SDK.finance has partnered with Oracle to use the Oracle Blockchain Platform to improve payments processes and remove intermediaries. The partnership was announced in a press release published on Feb. 12. SDK.finance is a European-based fintech startup that offers a payment platform for banks and financial institutions. In 2015, the company was reportedly recognized as the best fintech startup by the Central European Startups Awards, while in 2018 it overcame other major industry players in terms of application programming interface (API) endpoints. By integrating the Oracle platform, SDK.finance reportedly…

Circle’s Head of Partnerships Joins Blockchain Startup Celo

Chuck Kimble, who helped to launch the USD-pegged stablecoin USD Coin (USDC) at crypto finance company Circle, has reportedly joined blockchain firm Celo as head of strategic partnerships. The development was reported on Feb. 6 by Celo’s Medium page. Celo is a blockchain startup working to create a mobile-based crypto-payments network — using fiat-collateralized stablecoins — by mapping phone numbers to wallet addresses with a decentralized address-based encryption algorithm. Kimble’s role as head of partnerships at Circle spanned nine months, according to his LinkedIn profile, which has not yet been…

Facebook Acquires Blockchain Startup Chainspace

According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed, and privacy.” According to its website, the company says that it is excited to be “moving onto something new.” Assumedly this is its new venture with Facebook. Facebook Acquires Chainspace? Facebook has confirmed that it…

Facebook Acquires Blockchain Startup in Apparent First

Social media network Facebook has reportedly acquired Chainspace in its first apparent blockchain-related acquisition, Cheddar reports on Feb. 4. Sources purportedly told Cheddar that Facebook acquired Chainspace, a small blockchain startup, in an ‘acquihire,’ or an acquisition of a company made primarily for the skills or expertise of its staff, rather than the service or products the company provides. Per Cheddar, four of the five researchers that worked on Chainspace’s academic whitepaper will be joining Facebook. A Facebook spokesperson told Cheddar that, while the social media giant had hired on…

Kraken Acquires Futures Startup In Deal Worth At Least $100 Million

Cryptocurrency exchange services provider Kraken has officially acquired regulated futures trading startup Crypto Facilities in an undisclosed deal valued at least $100 million. Announced Monday, the “nine-figure” acquisition, the largest seen in the industry so far in 2019, will enable Kraken customers to trade spot, as well as open positions offering exposure to the future price movements of cryptocurrencies, all through a unified trading interface. As such, Kraken CEO Jesse Powell framed the merger as one that would “massively accelerate” his company’s roadmap, enabling the San Francisco-based startup to sidestep…

Major UK Public Transport Provider Partners With Crypto Startup for Loyalty Program

Major United Kingdom public transport provider Go-Ahead Group Plc. is partnering with blockchain startup DOVU to introduce a tokenized rewards system for rail customers, TechCrunch reported Feb. 1. Listed on the FTSE 250 — an index of the 101st to 350th largest companies listed on the London Stock Exchange — Go-Ahead provides over one billion rail and bus journeys in the U.K. every year. As well as being the largest bus service operator in London, the Group’s services reportedly account for around 30 percent of all U.K. train passenger journeys.…

Pantera, Coinbase Join $4.5 Million Round for Staking-as-a-Service Startup

Blockchain investment firm Pantera Capital is leading a $4.5 million seed round in Staked, a startup that provides institutional investors with the technical infrastructure for non-custodial staking services. Other participants in the round include Coinbase Ventures, Global Brain, Digital Currency Group, Winklevoss Capital, Fabric Ventures and Blocktree Capital. “You’ve got $25 billion of stake-able crypto that’s coming online in the next 15 months,” Staked CEO and co-founder Tim Ogilvie told CoinDesk, describing what he sees as a large opportunity. The idea behind Staked is that investors can compound their crypto by participating in…

Blockchain Capital Leads $1.7 Million Round for Crypto Compliance Startup

Venture capital firm Blockchain Capital has led a $1.7 million seed round for San Francisco-based crypto compliance startup TRM Labs. Announcing the news on Thursday, TRM said other participating investors included Tapas Capital, Green D Ventures and The MBA Fund. Founded in 2017, TRM is a regulatory technology startup that aims to streamline compliance in the crypto industry. The seed funding will go toward scaling its engineering team and further developing its token relationship management platform, it said. “We believe that cryptocurrency is going to be a democratizing force in the…

Pantera Capital, Coinbase Back Crypto Startup Staked in $4.5 Million Round

Major crypto investment firm Pantera Capital has lead a seed funding round for crypto staking startup, Staked, the company announced in a blog post Jan. 31. The startup, which targets institutional investors of proof-of-stake cryptocurrencies, announced that it raised $4.5 million in the investment round.    According to the post, in addition to Pantera Capital, major firms that participated in the round include Coinbase Ventures, Digital Currency Group, Winklevoss Capital, Global Brain, Fabric Ventures and Blocktree Capital. Furthermore, the company also reported that Pantera Capital partner Paul Veradittakit is set…