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...

Securrency raises $17.65m in series A funding to fuel blockchain and ETF mission

Washington D.C-based Securrency, a blockchain-powered financial services firm, has recently secured $17.65m in its series A funding round led by New York-based WisdomTree Investments as a strategic investor.

By investing and collaborating with Securrency, WisdomTree is planning to integrate its blockchain technology into the exchange-traded fund (ETF) ecosystem to bring the benefits of ETFs to a wider range of investors and improve the investor experience.

Abu Dhabi...

Figure Technologies closes $103 million series C round to boost blockchain for lending mission

Figure Technologies, a financial technology company announced that it has closed a $103 million (£78.3m) series C funding round led by Morgan Creek Digital and joined by MUFG Innovation Partners and other new and existing investors.

The company’s goal is to help stakeholders lend money through the use of blockchain technologies. Key products include Figure Home Equity Line, which aims to provide approval for a line of credit in as little as five minutes, as well as...

Fewer executives are talking about blockchain in earnings chat – but there’s no call for concern

According to recent analysis from market intelligence platform provider CB Insights, the use of the word 'blockchain' in executive earnings calls has dipped significantly in 2019. But don't expect it to be a terminal diagnosis.

The CB Insights figures, as reported by Crowdfund Insider, found a similar decline for the term 'cryptocurrency' and its associated brethren. At the beginning of 2018, executive mentions of blockchain topped 250 in the quarter, whereas the figure slips to...

Horizon secures $5 million in series A funding for blockchain as a service mission

Horizon, a New York-based blockchain as a service (BaaS) solutions provider, has announced a $5 million (£3.85m) series A funding round in order to further enhance and boost the operations of its proprietary technology.

The company offers full-stack digital securities issuance, compliance, and secondary trading technology which it markets to licensed, regulated financial institutions globally. According to the company, this series A round will support the growth of Horizon’s...

UNICEF launches cryptocurrency fund – with Ethereum Foundation the first contributor

UNICEF has launched a cryptocurrency fund focused on Ether and Bitcoin, enabling the agency to receive, hold and disburse donations.

The move makes UNICEF the first UN organisation to hold and make transactions in cryptocurrency, with the first major contributor being the Ethereum Foundation. According to reports, the figure donated will be $18,000.

Under the structure of the UNICEF cryptocurrency fund, contributions will be held in the cryptocurrency of choice – here...

BlockApps secures series A funding to grow blockchain for industry business networks

BlockApps, a New York-based startup, has announced the successful completion of its series A funding round to focus its mission on providing an enterprise-grade blockchain platform.

The funding round was led by Fitz Gate Ventures, with participation from Elliptic Curve Ventures, Bloccelerate, Fenbushi Capital and Galaxy Digital Ventures, as well as a follow-on investment from ConsenSys.

BlockApps aims to help industries create blockchain-based business networks. The...

AE Ventures’ Starfleet accelerator hits $1.6 million mark with Malta expansion to come

AE Ventures, an investment firm supporting blockchain projects, has announced its investments in startups have reached $1.5 million – and is looking for more firms to bootstrap.

The company has been investing in blockchain-based startups since its launch in 2018. The firm also announced it is accepting applications for the third edition of its Starfleet Accelerator program that offers members mentorship and investment opportunities up to $100,000 (£81,299).

The third...

Warner Music joins investment round in Dapper Labs – reports

Warner Music Group has joined an $11 million (£9m) investment round in Canadian blockchain specialist Dapper Labs, known for developing viral blockchain game CryptoKitties, according to reports.

As reported by Forbes, this investment will be used to complete and deploy Flow -- a public blockchain similar to Ethereum.

Last year, Warner Music generated more than £3 billion in revenue from projects including partnerships negotiated by the company’s SVP of business...