Samsung Invests $2.9 Million in Crypto Hardware Startup Ledger

South Korean technology giant Samsung has invested 2.6 million euros ($2.9 million) into crypto hardware startup Ledger. The investment gives the startup a valuation of roughly $290 million, French business magazine Capital reported Wednesday. A spokesperson for Ledger confirmed that Samsung backed the startup, but could not confirm further details. A Samsung representative did not respond to […]

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Crypto Investment App Donut Raises $1.8 Million in Seed Funding

Cryptocurrency investment app provider Donut has raised $1.8 million in a seed funding round. The Germany-based startup told CoinDesk on Thursday that the round was led by early-stage venture capital firm Redalpine. Other investors included technology venture funds EarlyBlock and Entrepreneur First, AngelList’s Philipp Moehring and Andy Chung, N26 bank board member Marcus Mosen, and […]

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A Crypto Project That Raised $20 Million Is Caught Faking Its Founding Team

A cryptocurrency project that appears to have raised at least $20 million through a referral-based marketing scheme has been advertising false information about its team members, a CoinDesk investigation has found. Launched on Dec. 2, BHB claims to offer an ethereum-based solution for peer-to-peer lending, but by Jan. 18, local media reports were already accusing the […]

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Fairfax County Invests Total of $21 Million in Blockchain VC Fund

Fairfax County Retirement Systems has released details about its investment in a blockchain fund, seemingly to quell fears about the Virginia municipality’s two pension funds taking on exposure to cryptocurrency. “Given that this technology is what has been used to create and run the cryptocurrency markets, you may be concerned that these are investments in […]

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Blockchain Predictions Market Stox and Founder Sued for $4.6 Million

Israel-based blockchain prediction market platform Stox and its founder Moshe Hogeg are reportedly being sued by a Chinese investor for over $4.6 million over alleged fraud. As reported in The Times of Israel on Friday, investor Zhewen Hu claims in a lawsuit, filed in the Tel Aviv District Court on Jan. 24, that Hogeg had misappropriated some of the […]

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Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont

Enterprise blockchain startup Symbiont has closed a $20 million Series-B funding round led by Nasdaq Ventures with participation from Galaxy Digital, Citi, Raptor Group and others. The firm, which has kept a fairly low profile the last two years as the cryptocurrency market’s gyrations overshadowed the enterprise sector, previously raised a combined $15.4 million from […]

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Grayscale Assures Investors: Ethereum Classic Trust Funds Not at ‘Direct Risk’

In the wake of a 51 percent attack on ethereum classic (ETC), the manager of an investment vehicle that holds the cryptocurrency has been fielding inquiries from investors looking to understand if the underlying assets in the fund are safe, CoinDesk has learned. On Monday, the day after the reorganization of transactions on the ethereum […]

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Coinbase Backs Security Token Startup’s $12.7 Million Funding Round

Security token startup Securitize announced it has raised nearly $13 million in a Series A funding round Monday as part of its mission to digitize traditional securities products on a blockchain. Led by Blockchain Capital, the equity investments were made to help the company bring on “knowledgeable investors” as it prepares for a security token […]

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