Global blockchain revenues to near $10bn by 2023 despite crypto winter, says ABI Research

A new market report from ABI Research argues global revenues for blockchain are on track to hit almost $10 billion (£8.2bn) by 2023 – defying the gloomiest proclamations of 2018’s crypto winter.

The estimated revenue increase continues to show a strong demand for blockchain applications even though there was a major decline in ICOs in 2018. Organisations are continuously making investments to further the development of the blockchain infrastructure mainly via VC funding....

Crypto futures exchange CoinFlex raises £8.1m via fundraising

Hong Kong-based cryptocurrency futures exchange CoinFlex has received £8.1m through a funding round that closed in the second last week of August 2019.

As reported by the South China Morning Post, Bitcoin Cash (BCH) advocate and CEO Roger Ver, as well as Polychain Capital, NGC Ventures and Divergence Digital Currency participated in the fundraising for CoinFlex.

Polychain Capital and Digital Currency Group joined CoinFlex’s investment consortium in March...

Overstock CEO resigns amid ‘deep state’ diatribe, still insists on blockchain revolution

The chief executive at blockchain-advocating internet retailer Overstock has announced his resignation from the company, 10 days after issuing a press release which made reference to the ‘deep state’.

Patrick M. Byrne, who founded the company in 1999, said in a statement that “while I believe that I did what was necessary for the good of the [US], for the good of the firm, I am in the sad position of having to sever ties with Overstock, both as CEO and board...

Blockchain CRM solution provider Cere Network secures $3.5m in seed funding

Blockchain customer relationship management (CRM) solution provider Cere Network has secured $3.5 million (£3m) in a recent seed funding round.

Major investors including Binance Labs, the venture arm of cryptocurrency exchange Binance, participated in the fundraising event. Other investors are Neo Global Capital, Fenbushi Capital, Arrington XRP Capital, and Block VC among others.

The company aims to disrupt the CRM space, one of the most competitive categories with a...

Why it’s easy for blockchain startups to get initial funding – but harder to cross the series A chasm

A total of $23.7 billion has been invested into blockchain startups since 2013 - but how is this money being used, and is it affecting these companies' moves to profitable business models?

A new report from Outlier Ventures (Slideshare) has explored the various funnels of funding and how startups involved in blockchain technologies are competing in the wider ecosystem.

According to the Outlier report, three quarters of all venture capital (VC) deals are at the pre-seed,...

Lumachain raises $3.5 million to fortify food supply chain with blockchain

Lumachain, an Australian software as a service firm, has raised $3.5m (£3m) in a recent funding round spearheaded by CSIRO-linked Main Sequence Ventures. As reported by Business Insider, The Sydney, New South Wales-based company uses blockchain to find and track items in the food supply chain that could be unethically sourced products or products of forced labour.

Founder and CEO Jamila Gordon said: “The way goods move within the supply chain is still very basic, which means...

Horizon Blockchain Games raise £2.3 million in seed funding

Horizon Blockchain Games has raised C$3.75 million (£2.3m) in its latest seed funding round led by Initialized – a venture fund started bv Reddit co-founder Alexis Ohanian, along with Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital.

The Canadian video game studio and blockchain infrastructure company has already developed an online game called SkyWeaver, which is currently being tested privately. SkyWeaver is based on the popular trading card...

Blockchain founders raised $822m by Q2 – with enterprises focused on open source

According to the latest State of Blockchains report from Outlier Ventures, blockchain startups raised $822 million by Q2 – but the ecosystem continues to lag behind the 2017 and early 2018 peak.

$822m was raised across 279 deals over the second quarter of 2019, with more than half of them being seed stage deals indicating continued fresh talent into the space.

Yet while the numbers may be lower, the scope is much more advanced – particularly with how enterprises are...

Advanced Blockchain becomes first blockchain company to list on Germany’s Xetra Exchange

Advanced Blockchain AG, a German blockchain as a service (BaaS) provider, has been listed on the Xetra Exchange, making it the first blockchain developer to be registered on the Deutsche Börse-run digital stock exchange.

As first reported by CoinTelegraph, German securities brokerage firm Lang & Schwarz has facilitated Advanced Blockchain’s Xetra listing as designated sponsor and market maker. Before being listed on Xetra, Advanced Blockchain was listed on the Frankfurt...

Dfuse raises $3.5 million to further blockchain API mission

Dfuse, a provider of APIs for blockchain technology, has announced that it has raised £2.75m in a seed round led by Multicoin Capital, a thesis-driven cryptofund, and Intel Capital.

According to Dfuse, the latest funding will be utilised to expand its cross-blockchain technology platform and also grow its engineering and customer success teams. The company, in its own words, provides ‘the most robust and reliable Web3 data stack, with GraphQL, WebSocket and REST APIs to...