Blockchain

Is Blockchain Halal? These Startups Are Transforming Islamic Finance

Islamic financial institutions are increasingly using blockchain technology for complex financing terms, Shariah-compliant transactions and Islamic and sharia-compliant alternatives to conventional insurance. Blockchain can assist in KYC, back-office automation, and underwriting of micro-insurance. Several Islamic Financial Institutions are Trying Blockchain Emirates Islamic was the first Islamic bank to test blockchain. It is part of the UAE’s […]

Ethereum

Vitalik Just Gave $300K in Crypto to Three Ethereum Startups

Vitalik Buterin, the creator of ethereum, has just donated $ 300,000 in cryptocurrency to three blockchain startups – apparently making the decision in response to a Twitter thread. The three projects receiving the 1,000 ETH grants are Prysmatic Labs, ChainSafe Systems and Sigma Prime. All are projects working to build the blockchain network’s next iteration, ethereum […]

Crypto News

UNICEF Chooses Six Blockchain Startups for Humanitarian Investment Venture

Advertisement Months after publishing a “blockchain call” to startups that could benefit humanity, the United Nations International Children’s Emergency Fund (UNICEF) has invested in six blockchain startups. In January 2018, UNICEF called for early-stage technology startups that were registered in one of UNICEF’s programme countries. It received over 100 applications from 50 different countries. The […]

Crypto News

Crypto Startups More Valuable Than Blockchains — Can the Trend Change?

Advertisement Twitter Facebook LinkedIn In the crypto bull market of late 2017, when tokens reached a valuation of tens of billions of dollars, blockchain networks comfortably surpassed the valuation of commercial companies in the cryptocurrency ecosystem. At the time, for venture capital investors, direct investments in digital assets and cryptocurrencies seemed substantially more profitable than […]

Crypto News

Israel Has Over 200 Domestic Blockchain Startups: Industry Body

Advertisement Israeli Blockchain Association, an organization whose primary objective is to educate, develop and empower Israel’s distributed ledger technology (DLT) community, encourage best practices and connect it with global leaders in the blockchain space, has released its third Israeli Blockchain Startup Map. According to a recent press release by the organization, there are now more than […]

Crypto News

Boost VC Issues Call for Crypto Startups

Advertisement Technology startup accelerator Boost VC has announced that it is accepting applications from crypto startups to join Tribe 12, its latest accelerator program cohort. Since 2012, Boost VC has graduated several cohorts with more than 75 crypto-related projects including prominent blockchain projects like Etherscan, Aragon, and MyCrypto. According to the announcement, which appeared in a Medium […]

Crypto News

China’s Internet Agency Regulator Has Strict Demands For Blockchain Startups

Advertisement China’s central internet regulator has issued strict rules targeting blockchain companies and entities operating in China. The Cyberspace Administration of China has published draft regulations on Friday demanding blockchain-based information service providers to register users using real names, national identification numbers, censor postings and store user data. The regulations follow an open letter posted by a Chinese student […]

Bitcoin

SEC Launches FinHub – A Fintech Portal to Help Blockchain Startups

US regulator the Securities and Exchange Commission (SEC) has launched its dedicated fintech “strategic hub,” commissioner Hester Peirce confirmed October 18. FinHub ‘Here For Fintech’ The platform, known as FinHub, brings together multiple aspects of US regulation with the aim of guiding the nascent financial technology industry as it grows. “Finally FinHub is here for […]

Crypto News

Singapore: Local Regulator to Aid Blockchain Startups, Multi-Fiat-Crypto Exchange Launched

Although the United States has been seen as a founding father of modern technologies, other nations like Singapore, Malta, Switzerland are leading the crypto and blockchain revolution. These may not be locations that many would initially suspect to be “innovation capitals”. Singapore Aims To Bolster Local Crypto Economy Through Regulatory Support A setback that many […]

Crypto News

Singapore’s Central Bank Will Aid Crypto Startups in Opening Bank Accounts

Advertisement Ravi Menon, the chief of Singapore’s defacto central bank and regulator, has backed domestic cryptocurrency startups and exchanges to gain banking services in the technology-forward city-state. Monetary Institute of Singapore (MAS) managing director Ravi Menon has called for the banking industry to get over the “hurdle” of offering services to domestic cryptocurrency startups in […]

ICO

VC Investment in Blockchain Startups Is Up 280% So Far This Year

As the crypto industry sees a decline in initial coin offerings (ICOs) amid regulatory concerns and major losses across token markets, traditional VC investment is once more on the rise. In its latest report, blockchain research group Diar reports that blockchain and cryptocurrency-focused startups have raised nearly $ 3.9 billion through VC investments in the first three quarters of the […]