All of the latest news on investments of key companies and banks in the crypto market during August 20 — 23, 2018 are in our Investment Digest.
- $20.5 million raised by X Infinity. The company intends to develop a wallet that could be used by traders to store all coins and free themselves of the hassle of shifting coins from one wallet to the other.
- Seven Stars Cloud group partners with China’s largest electric bus provider for a $24 billion deal. The partnership is for a three years’ term and focuses towards providing finance service through blockchain.
- $22.7 million raised for institutional crypto investment platform, SFOX, through Series A funding. SV Angel, DCG, the co-founder of Airbnb, Khosla Ventures etc. were involved in this funding campaign.
- The largest bank of China, Zheshang Bank, issued securities worth $66 million using their own blockchain platform. By doing so, Zheshang Bank has become one of the first in its country to issue securities over blockchain.