EV Battery Tech to acquire CryptoPlug for EV crypto payments solution

EV Electric Vehicle Charging

EV Battery Tech, a Canadian battery solutions provider, is set to acquire cryptocurrency app developer CryptoPlug for £4.4 million.

Through CryptoPlug’s app, electric vehicle (EV) drivers will be able to make payments in crypto at EV Battery Tech’s charging station infrastructure.

Aside from payments, the app will also allow users to personalise their electric vehicle’s power requirements around existing infrastructure.

Whilst EV Battery Tech and its...

Sommelier raises £16.7m in Series A funding for automated DeFi protocol

Virtual Machine Graphic

Sommelier Finance, the Ethereum-based project designed to automate decentralised finance (DeFi) trading, has raised £16.7 million in its Series A funding round.

The round was led by Polychain Capital with participation from existing investor Alameda Ventures and new participation from Zola Ventures, Byzantine Ventures, Tendermint Ventures, Secure Ventures, D1 Ventures, and Ferngrove Ventures.

Sommelier was founded in 2020 by Zaki Manian, the former lead developer of...

Huobi develops its asset storage offering with new ‘cloud wallet’

Wallet Storage

Huobi, the once Chinese crypto exchange that now operates globally, has launched a ‘cloud wallet’ designed to improve ease of access to digital asset management.

The new wallet feature removes the need for users to maintain their own private key through a third-party management system.

This not only simplifies wallet interaction but also removes the risk of owners forgetting or losing their private key, making their assets unretrievable.

The owner’s keys...

Phishing attack leaves at least 6,000 Coinbase accounts breached

Phishing

A suspected phishing attack has led to at least 6,000 of Coinbase’s users having cryptocurrency stolen from their accounts.

The Nasdaq-listed crypto exchange sent a breach notification letter to affected customers notifying them of the hack, which is believed who have taken place between March and 20 May this year.

The hackers gained access to users’ email addresses, passwords, and phone numbers, but Coinbase has said they cannot confirm how exactly this data was...

Ojamu raises £1.25m for its blockchain-based marketing platform

Marketing Strategy

Ojamu, a marketing technology (MarTech) platform, has raised £1.25 million in an oversubscribed private sale.

The company leverages blockchain, AI, and NFTs to create automated digital marketing campaigns for brands.

The platform itself is designed to be interoperable across leading blockchain networks such as Ethereum, Solana, and Avalanche.

Among the many venture firms involved in the sale were Ascensive Assets, Master Ventures, Moonrock Capital, Morningstar...

Cardano Summit 2021 sees DeFi, NFT and climate partnerships

A protester holding a sign that reads 'Earth is more valuable than money'.

The Cardano Summit 2021 on September 26 has led to a number of strategic partnerships designed to drive adoption of the Cardano blockchain being announced.

Held by the non-profit custodian of the blockchain, the Cardano Foundation, the Summit was co-located across a mixture of virtual and physical events in New York, Miami, Wyoming, London, Berlin and Cape Town.

At the event, Frederik Gregaard, CEO of the Cardano Foundation, said: "At Cardano, our goal is to provide...

EMURGO to invest $100m into Cardano ecosystem

A bundle of $100 notes.

EMURGO, a blockchain solutions company and the commercial arm of Cardano, plans to invest $100 million (£73m) into the network’s ecosystem.

In a tweet, the company said the funds will be used to “accelerate DeFi, NFT solutions and blockchain education".

The announcement came during the Cardano 2021 Summit on September 26.

EMURGO CEO Ken Kodama followed the announcement with another tweet, saying: “Please contact us if you would like to receive investment...

Stratis to help guide UK policy as ‘APPG Blockchain’ member

Big Ben

The Stratis blockchain has joined the UK’s ‘all party parliamentary group on blockchain’ (APPG Blockchain) to contribute knowledge and help guide UK blockchain policy.

APPG Blockchain already includes major organisations like the IOTA Foundation, Capita, SAP, and the British Standards Institute (BSI).

Now, alongside Stratis, they will collaborate on developing innovative blockchain use cases as well as providing policy recommendations to guide the UK’s approach...

Ether overvalued by 125%, according to JP Morgan strategist

Ether Logo

Ether, Ethereum’s native token, should be valued somewhere around £1,000, according to JP Morgan market strategist, Nikolaos Panigirtzoglou.

Compared to Ether’s price on Tuesday morning, this marks an 125% overvaluation of the crypto world’s second largest currency.

In correspondence with Insider, Panigirtzoglou said that the Ethereum network is less attractive than the current price of Ether suggests, especially as it faces increased competition from networks...

Avalanche rakes in £167m of funding led by Polychain

Avalanche

Avalanche, a proof-of-stake and smart-contract enabled cryptocurrency, has received £167 million in funding through a private sale led by Polychain and Three Arrows Capital.

R/Crypto Fund, Dragonfly and CMS Holdings also invested substantially by buying up the company’s native AVAX token.

Avalanche is an ultra-fast and eco-friendly blockchain protocol with a growing ecosystem of decentralised finance (DeFi) products.

Avalanche has experienced monumental...