Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs and Nyca Partners. Also participating in the round were Andreessen Horowitz, Citi, JP Morgan, Wells Fargo, Y Combinator and Digital Currency Group, among…
Tag: Republished
Tezos ICO Class Action Looms After Motion to Dismiss Denied
A federal court judge in California has blocked a move that sought to dismiss a class action lawsuit alleging that the initial coin offering (ICO) conducted by the Tezos Foundation violated securities laws in the U.S. The decision came Tuesday,…
New Blockchain App Claims Its Already Tracking 760,000 Diamonds
A subsidiary of China’s first web-only insurer, ZhongAn Insurance, says it has put the data of 760,000 diamonds on a blockchain. ZhongAn Technology, which is publicly listed in Hong Kong, announced the launch of its gem-tracking blockchain application on Tuesday,…
First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million
A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE). U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be…
Steam Yanks Game From Marketplace Over Crypto Mining Allegations
Video game marketplace Steam removed an alleged crypto miner from its platform Monday amid user complaints, Motherboard reported. Steam’s parent company, Valve, booted Abstracticism from Steam for hijacking gamers’ processing power to mine cryptocurrencies. The company further banned the developer,…
Dubai Plans to ‘Disrupt’ Its Own Legal System with Blockchain
A Dubai-based international court dealing with civil and commercial disputes in the financial industry is planning to launch what it calls a “Court of the Blockchain” to streamline legal operations. The Dubai International Financial Center (DIFC) Courts announced on Monday…
New Crypto Mining Malware Targeting Corporate Networks, Says Kaspersky
Researchers at Kaspersky Lab have uncovered a new form of cryptojacking malware targeting corporations in multiple countries, the cybersecurity firm reported Thursday. PowerGhost, a form of fileless malware – which uses a system’s native processes to hijack a computer –…
Tron Foundation Officially Completes Acquisition of BitTorrent
File sharing software provider BitTorrent announced Tuesday that its acquisition by the Tron Foundation is now officially complete. BitTorrent said it will now operate from Tron’s new San Francisco offices and support the blockchain project’s global development, while continuing to serve…
Ex-Trump Advisor Steve Bannon Is Making a Cryptocurrency
Steve Bannon, former chief strategist to U.S. President Donald Trump, confirmed Wednesday that he wants to launch a cryptocurrency of its own. Speaking to CNBC on Wednesday, the Breitbart co-founder said “they’re the future,” adding that “we’re working on some…
South Korea Plans Tax Perks for Blockchain Startups
The South Korean government has announced a plan to revise the current tax rules to widen benefits for companies that focus on the development of nascent technologies, including blockchain, as part of the country’s push for innovation growth. Announced Wednesday,…