W3BCLOUD secures $20.5 million funding for blockchain data centres

W3BCLOUD has announced the closure of a $20.5 million funding round to build blockchain-enabled data centres.

The company, which is a joint venture between ConsenSys and processing giant AMD (Advanced Micro Devices), secured the funding from both companies, with the aim to 'ramp and operate its first Ethereum blockchain data centres.'

Blockchain technologies and their application in the data centre have been closely followed by industry watchers. "One obvious impact of...

Blockchain spending in Europe will recover post-Covid-19, says IDC

The short-term outlook for blockchain technologies in Europe is not good right now amid the coronavirus pandemic - but there is a note of optimism in certain sectors, according to IDC.

The analyst firm's latest forecast, based on its European IT Buyer Sentiment Survey and global blockchain spending guide, shows spending on blockchain solutions will be down around 8% in 2020. This counters previous analysis which saw blockchain spending at $1.4 billion this year, running at a 58%...

Nervos looking to attract dapp developers with CKLabs funding project

Nervos has launched CKLabs, a project which is putting up $100,000 for teams looking to build a killer decentrealised application on its platform.

As announced in a blog post published by the company, Nervos, a competitor of Ethereum, is launching CKLabs as 'the next phase' of the network, expanding its utility with dapps and more sophisticated solutions.

"Nervos was designed to be a sustainable network capable of supporting a growing digital economy," the company wrote....

Fluree announces seed extension funding round for blockchain-based data management

North Carolina-based database management firm Fluree has announced a seed extension funding round led by independent venture capital company Engage.

The latest investment, which follows a $4.7 million seed funding round in June, allows Fluree to expand its enterprise data management platform, which acts as the foundation for emerging online architectures that include AI, microservices, machine learning, the semantic web and consortium blockchains. The platform is used by tech...

CoolBitX secures $16.75m in series B funding to build out crypto infrastructure

Taiwanese blockchain security firm CoolBitX has secured $16.75m in its series B funding round conducted by Japan’s SBI Holdings, along with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex.

As CoolBitX has successfully raised funds, the company now intends to expand the presence of its Sygna product range beyond the Asia Pacific region. Sygna is CoolBitX’s first-to-market FATF-compliant...

Paystand raises $20m in series B funding in aim to become ‘Venmo for enterprise transactions’

California-based Paystand has raised $20 million in its latest series B funding round that will help the cloud-based PaaS payment network to expand its products and services.

The secured funds will also help the firm to expand sales, marketing, success, and engineering teams at its California and Mexico offices.

Paystand simplifies complex commercial transactions and payments for enterprises, with the company claiming it wants to do for enterprise transactions what...

Clear raises $13 million in series A funding for blockchain-based settlement and clearing

Clear Blockchain Technologies has announced $13 million raised in its series A funding round to further its mission to ‘transform B2B enterprise clearing and settlement’ through blockchain.

Founded in 2018, Clear aims at facilitating frictionless B2B commerce allowing enterprises to realise more value from their partnerships. It has developed a blockchain-based platform that helps enterprises automate contracts and data management, whereas guaranteeing control, security, and...

Ethereum Classic Labs commits $1 million with UNICEF for blockchain-based social impact

Ethereum Classic Labs (ETC Labs) has committed $1 million (£763,720) towards launching a key partnership with the UNICEF Innovation Fund.

Blockchain startups, working on social impact projects in emerging markets with support from UNICEF Innovation Fund will be selected to receive follow-on development funding from ETC Labs. Project teams will also get ETC Labs training and mentorship that will help expanding the availability and use of impactful blockchain applications that...

China blockchain investments fell sharply in 2019 – but hope for ‘healthier development’ ahead

China’s blockchain startups saw cumulative funding to the tune of just under $3.5 billion in 2019, according to a new report.

The study, from Xinhua Finance and Rhino Data, found that a total of 245 investments had taken place with a total figure of approximately 24 billion yuan ($3.48bn, £2.66bn). The volume of investments, as well as the money raised, represent a roughly 50% decrease from 2018. The report notes hope for healthier development in 2020 with more rational capital...

Lightnet receives $31.2m in series A funding for Asian blockchain financial mobility network

Thailand-based fintech firm Lightnet has raised $31.2 million (£23.9m) in a series A funding round led by UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities.

The raised funds will be used to fortify the company’s investment in the underlying blockchain technology on the Stellar Network, and to build a next-generation financial mobility...