The Value of Blockchain Continues to Grow Supported by Meaningful Investments and Successful Partnerships (Investment Digest, Oct 18—24)

Boost VC to invest in 100 crypto startups, People.ai receives $30M, Medici Ventures invests in Minds Inc, Elixxir receives seed investments, Vertex Ventures invests in Binance, Checkmate Capital invests in Bcause, Global Brian supports Omise, Cobo Crypto Wallet raises $13M, $15M for BitGo, TEMCO partners Foundation X, Animoca Brands teams up startups, Silver Cost Basis partners Voyager Digital, 3 strategies for crypto investors, ideas on where to invest, blockchain and crypto investments will grow

  • Venture capital firm Boost VC has kept their word. The firm promised to invest in 100 cryptocurrency startups in three years. Now it has invested in its 100th startup. Boost VC is still searching for new startups to be part of their incubator Tribe 12.
  • An artificial intelligence for business platform, People.ai, secures $30 million from Andreessen Horowitz. The Series B funding was led by the Horowitz VC firm. The funds will be expended for People.ai’s data and commercial efforts.
  • According to a press release, Medici Ventures invests in Minds Inc, a decentralized social network. Minds introduced its own token $MINDS. Platform engagement is incentivized with the said tokens.
  • Elixxir counts Chris Larsen of Ripple and Singapore firm H&D Pte Ltd as seed investors. Elixxir blockchain can process thousands of transactions that are private and quantum-resistant. More than 1,500 registered to act as nodes on its network, with 500 developers showed interest in developing DApps on the platform.
  • Vertex Ventures invests in Binance for the exchange’s Singapore expansion. Vertex Ventures is a subsidiary of Temasek Holdings. Temasek has $223 billion worth of assets and is government-owned.
  • Checkmate Capital puts in a substantial undisclosed amount of investment in Bcause. The investment will be used to toughen up Bcause exchange operations and develop new payments-related products for the Asian market.
  • Global Brian fiscally supports Omise. This will be done through Global Brian’s Growth Fund Investment Limited Partnership and 31 Ventures Global Innovation Fund I. Omise Holdings remains focused on its vision to provide payments for everyone. The company is the founder of OmiseGO.
  • $13 million dollars was raised by Cobo Crypto Wallet. The Series A round was led by DHVC and Wu Capital. Cobo has 500,000 wallet users and supports 500 tokens and 30 crypto coins since its early 2018 launch.
  • BitGo announced it has successfully concluded its Series B funding round. BitGo acquired support from Goldman Sachs and Galaxy Digital Ventures LLC during this funding round. The round raised $58.5 million with a total of $15 million from Goldman Sachs and Galaxy Digital.

Partnerships

General Ideas

  • A Bitcoinist guest op-ed shares 3 strategies for cryptocurrency investors to make money in cryptocurrency for 2019: Go long on startups with real-world partnerships, let bots manage trading, and run a masternode for increased returns and extra coins.
  • Bloomberg compiled ideas from market experts on where to invest $10,000. The panel of experts includes Jim Hamel (Artisan Partners), Joe Davis (Vanguard Group), Russ Koesterich (BlackRock Global Allocation Fund), and Sarah Ketterer (Causeway Capital Management).
  • According to Julian Zegelman, by 2025 the value of blockchain will amount to $176 billion and will grow beyond $3 trillion by 2030. The American businessman shared this estimate during HackIT 4.0, a forum on cybersecurity. The forum concludes that blockchain will continue to expand and investments, even from the government, will continue to increase.

DISCLAIMER: the data is taken from websites with open data, at the moment of publicationand and shouldn't be considered as investment recommendation. Finrazor.com neither supports nor opposes any project or strategy, users must consider all relevant risk factors including their own personal financial situation.

Related news

New CER Report Puts Kraken, Coinbase, Binance and BitMEX as Safest Crypto Exchanges

As many of our readers already know, the past few weeks have hit the crypto industry hard— with the market being subject to immense bearish pressure causing many of the top altcoins to tumble even further. Additionally, in the recent past, many altcoin enthusiasts have taken to different social media platforms in order to voice their opinions regarding the need for better security within this burgeoning domain. In this regard, a brand new study released by Cryptocurrency Exchange Ratings [CER] has looked closely at the security protocols/ measures taken by the world’s top 100 cryptocurrency exchanges in order to protect customer funds. To be more specific, the scores were devised on the basis of certain parameters such as: The individual Cyber Security Score [CSS] of a particular platform— a metric that grades various niche’ privacy parameters on a 10-point scale. The degree of server security provided by a particular exchange. More On The Matter Over the course of the past 12 months, security agencies across the globe have noted that a mammoth sum of $1.3 billion has been stolen from various cryptocurrency exchanges by miscreants. This data was then collated by the CER team through the use of their native assessment models for carrying out a host of security audits. These audits took into consideration some core privacy aspects such as: User Security Ongoing Crowdsource Security Assessment [OCSA] Server Security To elaborate further on the matter, we can see that statistical data provided by the CER shows that only a total of “nine crypto exchanges scored above eight points out of ten” (on the CSS scale). In this regard, the platforms that performed the best were Kraken, Coinbase Pro, Binance and BitMex. However, quite surprisingly, a whole host of popular exchanges such as Bithumb, DOBI, ZBG, Coincheck, and Zaif came in over the 90th spot. Source: Cryptocurrency Exchange Ranking So Where Did Most Exchanges Fall Short? A closer look at the report shows that there are three factors that have been the most worrisome for a large number of exchange platforms. These include: The existence Of Bug Bounty Programs DNSSEC Record HTTP Headers Not only that, out of the above-stated problems, the DNSSEC records and HTTP Headers were the two aspects that had a direct impact on the “server security” of most exchange platforms. For those of our readers who may not know, the DNSSEC protocol (abbreviation for ‘ Domain Name System Security Extensions’) makes use of a public key encryption module to verify DNS servers so as to ”prevent the usage of forged or manipulated DNS data”. According to the above mentioned CER study, a whopping “60% of the analyzed platforms did not possess the appropriate records for their domains.” As far as HTTP Security Headers go, they can be thought of as security-related fields in the header section of ‘HTTP request and response module’ which if installed correctly can counter the effects of ‘scripting attacks’. According to the CER study: 59% of the exchanges had missed six to seven of the headers. 17% missed four to five 13% missed just two to three headers, 11% of the exchanges missing just one header Other Data Worth Considering Out of all the examined platforms, only a meager 13% had ongoing bug bounty programs that were reliable. Around 6% of the firms were found to be hosting Bug Bounty programs by themselves while an additional 7% made use of specialized platforms (such as HackenProof or Bugcrowd) to serve the purpose. Final Take In closing out this article, it is worth noting that a couple of weeks back, Cryptopia released a statement saying that it had fallen victim to a security breach that had caused the firm to lose quite a substantial chunk of their stored customer funds. While they did not reveal the amount that was compromised, day to day operations for the exchange have been put on halt until further notice.
Bitcoin Exchange Guide

Top 5 Investment Strategies for 2019 plus Plus Enjin and Japanese Amazon - Crypto News

There are many different ways to invest in crypto. Mattie talks about the 5 best investment strategies for 2019. He also gives you the latest from Enjin and news regarding Amazon in Japan. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Top 5 Strategies in Crypto Investing Right Now https://www.altcoinbuzz.io/crypto-news/spotlight/top-5-strategies-in-crypto-investing-right-now/ Top 5 Cryptocurrencies in 2019 from The Altcoin Buzz Team https://www.youtube.com/watch?v=ylKEIbggJqc Tips on Masternodes & Staking: https://www.youtube.com/channel/UCGyqEtcGQQtXyUwvcy7Gmyg/search?query=masternode First Crypto ETF Has Been Approved In Switzerland! https://www.altcoinbuzz.io/crypto-news/first-crypto-etf-has-been-approved-in-switzerland/ Amazon of Japan, Rakuten, likely to introduce Bitcoin payments https://blockmanity.com/news/bitcoin/amazon-of-japan-rakuten-likely-to-introduce-bitcoin-payments/ 楽天が4月に組織再編:決済事業の子会社を新設、みんなのビットコインの仮想通貨事業も統括 https://jp.cointelegraph.com/news/rakuten-revailed-to-establish-new-payment-company-which-covered-cryptocurrency-exchange-service Enjin Announces Token Swap Functionality for Its Mobile Wallet https://www.altcoinbuzz.io/crypto-news/product-release/enjin-announces-token-swap-functionality-for-its-mobile-wallet/ Enjin Update https://twitter.com/enjin/status/1087099273228025858?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1087099273228025858&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Fproduct-release%2Fenjin-announces-token-swap-functionality-for-its-mobile-wallet%2F How Can Blockchain be Applied to The Healthcare Industry? https://www.altcoinbuzz.io/crypto-news/blockchain-technology/how-can-blockchain-be-applied-to-the-healthcare-industry/ -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.