Blockchain-focused venture firm Electric Capital raises $110m in seed and series A fund

Electric Capital, an early stage venture firm which focuses on cryptocurrencies, blockchain and fintech, has secured a $110 million (£84.1m) seed and series A fund, focused on cryptonetworks and blockchain-enabled businesses.

The company, whose bets include Coinlist, CryptoKitties and Oasis Labs among others, said the capital raised - its second fund - will go into five specific areas. These are decentralised finance (DeFi), particularly around insurance and credit scoring;...

Howdoo becomes Hyprr, grabs Alpha Sigma Capital funding for blockchain social network

Meet Hyprr. The startup, based out of Los Angeles, is looking to utilise blockchain technology to create a social network which offers greater control to users and creators.

The company's platform is powered by UDOO, a utility token, whereby users and content creators can utilise paywall features. Users can also generate income through likes and shares - much as Medium and other publishers do with claps.

Hyprr was previously known as Howdoo, but earlier this week changed...

WEF article explores how blockchain could be key to ‘equitable’ Covid-19 vaccine distribution

Blockchain will be an 'essential' and 'integral' tool in distributing a potential Covid-19 vaccine, according to an article published by the World Economic Forum (WEF).

In a note published by Punit Shukla and Amey Raiput, WEF project lead and fellow for blockchain and digital assets, alongside Sid Chakravarthy, CEO at supply chain technology provider StaTwig, success in global distribution will require leveraging tools and capabilities such as blockchain in a way 'never seen...

Wintermute raises $2.8 million in series A funding for crypto markets

Wintermute, a crypto market maker, has secured $2.8 million in a series A funding round to further its expansion into new liquidity products.

The company, which launched in 2017 and creates liquid and efficient markets for leading crypto exchanges and trading platforms, has the goal of being the 'invisible hand' of the market. Wintermute's proprietary tech stack focuses on high frequency trading, algorithmic trading and market making from traditional financial...

European startups ready to capitalise on enterprise blockchain opportunity, says new report

The European blockchain startup market is catching up to its North American equivalent, with startups surveyed looking to raise €350 million (£314.9m) in the next 18 months, according to a new report.

The study, from Anglo-French venture capital firm LeadBlock Partners, aims to put a positive spin on the industry illustrated with more than 20 interviews and more than 9,000 datapoints.

A foreword from LeadBlock management Jean-Marc Puel, David Chreng-Messembourg and...

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...