Layer1-backed Digital Currency Group (DCG) raised $ 50 million from a number of well-known venture capitalists, including PayPal co-founder Peter Thiel. According to The Block, thanks to the successful closure of the Series A financing round, the company's market value reached $ 200 million. Initially, the company focused on supporting the Grin ecosystem of confidential cryptocurrency. However, now the San Francisco-based firm intends to focus on […]
Business
Mexico's leading cryptocurrency exchange Bitso has attracted funding from industry-famous investors to expand its operations in Latin America. The amount of investment is not disclosed, reports The Block. The financing round was led by the fintech company Ripple, also the largest US cryptocurrency company Coinbase took part in it. In addition, the participants of the round were Digital Currency Group and Pantera Capital, previously investing […]
The first “Eurasian Forum on Innovations and the Digital Economy” will be held on October 19 in St. Petersburg. The event will feature representatives of the cryptocurrency exchanges Coinsbit, OKEx, Huobi, Bithumb and KuCoin, investment funds and leading projects in the field of tokenization of the real sector of the economy. As the forum organizer told ForkLog magazine, the main theme of the event will be the digital transformation in the era of new technologies. Also forum participants […]
The developer of the ZCash cryptocurrency company Electric Coin Company (ECC) will issue a “boxed” ZEC token for the Ethereum blockchain. This was announced at the Ethereum Devcon5 Developer Conference by ECC Vice President of Marketing and Business Development Josh Swihart, CoinDesk reports. According to him, a new token will be issued in the next six months. It is expected that it will provide enhanced functionality for the use of automated loans and […]
The heads of three US financial regulators in a joint statement warned participants in the cryptocurrency industry about the need to comply with various regulatory requirements. This was reported on the website of the Commission for derivatives trading (CFTC). The statement was signed by CFTC CEO Heath Tarbert, Director of the Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco and Chairman of the US Securities and Exchange Commission (SEC) […]
The US Securities and Exchange Commission (SEC) announced the adoption of “emergency measures and restrictions” in relation to two offshore companies associated with the Telegram Open Network (TON) token sale. This was reported on the website of the department. The Commission believes that Telegram illegally distributed unregistered digital tokens in the US and abroad, so the company managed to raise $ 1.7 […]
The Russian National Settlement Depository (NSD) published a report on the use of blockchain technologies in Russia and in the world, as well as on further ways of its implementation. NSD Report by ForkLog on Scribd The document states that the main problems of blockchain systems remain insufficient security and the complexity of the interaction of various blockchain platforms. Separately, researchers identified the problem of performance and scalability. NSD notes that the issue […]
The Russian Association of Cryptocurrencies and Blockchain (RACIB) and the Commission for the Legal Support of the Digital Economy of the Moscow branch of the Association of Lawyers of Russia (MO AYUR) have introduced a tool that allows you to determine the value of a digital asset by the weighted average value of its rate per day. The system is proposed to be used in law enforcement practice, as well as for official business transactions and tax calculation. ForkLog found out what are the implications for […]
The United Nations Children's Fund (UNICEF) has established a cryptocurrency fund to accept donations in bitcoins and Ethereum. Digital assets will finance open source technologies for children and youth around the world. UNICEF became the first organization in the UN that transacts in cryptocurrency, the fund said in a press release. “If the digital economy and currencies have […]
Coinbase, the largest US cryptocurrency company, is negotiating the purchase of the Omni rental business p2p platform. This was reported by TechCrunch with reference to informed sources. Omni offers users the opportunity to rent various physical goods. Despite the $ 25 million raised last year from Ripple, the startup is currently going through difficult times and is forced to cut staff. In May, Omni sold […]