Hong Kong-based private equity firm GSR Capital will invest a total of US$374.55 million in e-commerce retailer Overstock, with US$270 million to be allocated for its blockchain subsidiary tZERO, according to the company’s announcement.
Chinese IT Ministry Seeking To Accelerate Blockchain Technology
The Chinese Ministry of Industry and Information Technology (MIIT) is reportedly considering ways to accelerate blockchain adoption according to a local media report.
Lianxing Capital Raises Strategic Investment From Huobi, JLAB and Gobi Venture Capital
Lianxing Capital has raised strategic investment from many institutions including Huobi Global Ecosystem Fund, JLAB, and Gobi Venture Capital among others.
Public Chain Ultrain Raises $20M Cornerstone Investment, Valuation Touches $200M
Public-blockchain technology venture, Ultrain Technology Ltd. Raised US$20 million cornerstone investment from Danhua Capital, FBG Capital, BlueRun Ventures, 8 Decimal Capital, OK Gang Capital and others, according to Chinese media reports.
BRICS Development Bank To Research The Implementation Of Blockchain Technology
The state-owned development bank by BRICS member states signed the agreement on collaborative research on distributed ledger and blockchain technology in the context of the development of the digital economy, according to the official press release by Russia-based Vnesheconombank.
Blockchain Startup TRON To Acquire Software Company BitTorrent For $140M
Blockchain startup TRON announced in a blog post that it has officially acquired San Francisco-based software company BitTorrent.
China’s Nanjing City Launches RMB10 Billion Fund To Foster Blockchain Projects
Nanjing, the capital of China’s eastern Jiangsu province, announced at the inaugural Industrial Public Chain Summit (IPCS) that it will launch a RMB10 billion ( US$1.48 billion) blockchain investment fund to promote the token economy and public blockchain projects, according to Chinese local media reports.
Xiaomi Launches New Platforms Offering Blockchain-based Mili As Reward
In lieu of Xiaomi’s Milutong platform, the electronics bigwig announced the release of 2B (for the enterprise) Milutong platform and the 2C (for the individual) Xiaomi WiFi chain allowing users to earn blockchain reward "Mili”.
Sequoia Capital China Leads $28M Private Placement Financing In Public Chain Nervos Network
Nervos Network, the public chain project, announced today that it has received US$28 million in private placement financing led by Sequoia Capital China and Wanxiang Blockchain, according to its official announcement.
Hong Kong Monetary Authority To Launch Blockchain-based Trade Finance Platform
Hong Kong Monetary Authority will launch a blockchain-based trade finance platform, one of the earliest government-backed trade finance platforms with 21 banks including HSBC and Standard Chartered.
Crypto Exchange OKCoin Announces Fiat-To-Crypto Services In US
China-based cryptocurrency exchange OKCoin today announced to launch a branch in the U.S. market to offer fiat-to-crypto trading services.
Binance Invests In Malta-based Founders Bank – World’s First Community-Owned Bank
Binance, one of the world’s largest cryptocurrency exchanges, has announced an investment in Malta-based Founders Bank.
Geekbeans Capital Leads Strategic Investment Of Tens Of Millions Of RMB In Blockchain-based Medialink
Geekbeans Capital Capital led a strategic investment in blockchain-based media platform MediaLink, including participation from Byte Capital, S.Capital, SinceUs Capital, Crypto Nord, Singular VC and others, according to Geekbeans Capital’ s announcement.
Bitmain Leads Strategic Investment In Hackathon Organizer DoraHacks
Bitmain Technologies, Chinese Bitcoin miner and mining chip designer has led a strategic investment of an undisclosed amount in DoraHacks, a global hackathon organizer.
Dubai International Digital Asset Exchange Completes Pre-A Round Of Hundreds Of Millions Of RMB
Dubai International Digital Asset Exchange, or DBEX, today announces the completion of a pre-A round of investment worth hundreds of millions of RMB from 19 global investors.
Blockchain Cloud Computing Platform Oasis Labs Raises $45M With Participation From Chinese Investors
Blockchain cloud computing provider Oasis Labs announced it will raise US$45 million from Binance Labs, Gaorong Capital, Huobi Capital, Pantera, and others, according to Oasis Labs’s announcement.
JRR Crypto Co-Leads A Strategic Investment In The Blockchainer Of Tens of Millions of RMB
Blockchain service provider The Blockchainer receives strategic investments of tens of millions of RMB from J One Capital, JRR Crypto, Ontology Global Capital OGC, Timestamp Capital, according to its official announcement.
Bitmain Said To Complete Series B Round From Sequoia Capital, EDBI And Coatue Management
Sequoia Capital China has led a series B round between US$300 million to US$400 million in Chinese Bitcoin miner and mining chip designer Bitmain Technologies Ltd., according to Chinese media citing insiders.
Social App YeeCall Receives Strategic Investment Of Tens Of Millions Of RMB
YeeCall Online completed a B1 strategic financing round of tens of millions of RMB, according to an announcement by YeeCall.
Chinese Crypto Trading Platform Huobi Launches in Australia
An announcement by Huobi, Chinese crypto currency exchange, said it has started trading cryptocurrency in Australia from July 5.
Binance Labs Leads Seed Round In Blockchain Information Portal Zhidian
Binance Labs leads a seed round in blockchain information portal, including participation from LD Capital, and INBlockchain.
China Parenting Network Plans To Invest HK$50M In Blockchain Startup Ccloud
China Parenting Network Holdings Ltd. plans to invest HK$50 million (US$6.3 million) through its subsidiary to purchase 18% share of Ccloud Tech Ltd, a new blockchain startup, according to an announcement by China Parenting Network.
Baidu To Launch Totem Rewards And Unveil Its Blockchain Layout
Baidu Totem, a blockchain-based photo service launched by Chinese search engine Baidu Inc., will unveil Totem awards and its blockchain layout in two weeks, according to an announcement posted on Totem’s website.
Binance Labs Co-Leads Retail Investment Platform Republic’s $12M Financing
Binance Labs led a US$12 million financing round together with NEO Global Capital (NGC) ECO Fund in a retail investment platform Republic to finance their tokenization and to help them introduce their own security token.
Hong Kong VC GSR Capital Invests $160 million in tZERO Security Tokens
GSR Capital, a Hong Kong-based venture capital firm, has entered into an agreement with security token exchange t0.com Inc. (tZERO) for a purchase of US$160 million in tZERO Security Tokens at a price of US$10.00 per token, according to the announcement by Overstock.com Inc., an online retailer and the parent company of tZERO.
Crypto Exchange Binance Launches Uganda Fiat Crypto Exchange
Hong Kong-based cryptocurrency exchange Binance has announced to launch its first fiat crypto exchange: Binance Uganda.
OK Capital Leads Strategic Investment In Chinese Public Chain HPB
OK Capital has invested over twenty thousand ETH, around tens of millions of dollars in High Performance Blockchain (HPB), a platform that combines both software and hardware architecture to support public chains.
Alibaba’s Alipay Launches Blockchain Cross-Border Remittance In Hong Kong
AlipayHK, a unit of Alibaba’s Ant Financial, and Philippines-based payment service platform GCash launched a cross-border remittance service based on blockchain technology yesterday.
Cloud Computing Pulic Chain Project Ankr Network Raises $15 Million
Ankr Network, a blockchain project focused on building a public chain for cloud computing, has raised US$15 million from Danhua Capital, U.S.-based Pantera Capital, NEO Global Capital, OK Blockchain Capital, Block VC, Singapore-based LinkVC and others, according to Chinese local media reports.
Grand Shores Blockchain Fund Invests In Blockchain-Based Ride Hailing Project Chexianglian
Grand Shores Global Blockchain Ten-Billion Innovation Fund ( Grand Shores), a new investment firm founded two months ago by a Chinese entrepreneur and an ex-Alibaba employee, said it is investing tens of millions of U.S. dollars in a blockchain-based ride hailing project called Chexianglian, according to Chinese media reports.
Experts Predict Many Small Crypto Exchanges Will Shut Down Soon
Industry analysts and experts expect many small crypto exchanges will shut down, as it is increasingly more difficult for small exchanges to attract users.