Investors Join Forces With Boost VC to Benefit Bitcoin Businesses
The next round of the Boost VC accelerator program keeps getting more rewarding for Bitcoin entrepreneurs as the June 1 deadline to apply steadily approaches. Today, Boost is very excited to announce a deal that is bringing an additional $50,000 to each Bitcoin company that completes the next accelerator session which starts on June 24. At the beginning....
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Payments giant Visa and financial services provider Tala have partnered to boost cryptocurrency adoption in emerging markets. The collaboration aims to “make it easier for underbanked consumers to convert, store, and use cryptocurrencies.” Visa and Tala Boosting Crypto Adoption in Emerging Markets Visa and Tala have formed a new partnership “to help underbanked populations participate in the crypto economy,” Tala announced Wednesday. Tala is “a financial technology company on a mission to enable and accelerate financial health for all,” its website....
After raising a $6.6 million fund from premier investors, including Marc Andreessen, Ben Davenport and others last November, Boost. VC announced its next batch of startups would all be bitcoin-related. But recently, the accelerator announced its next batch, "Tribe 6," will be split equally between bitcoin, virtual and augmented reality startups. Boost. VC founder and CEO Adam Draper told TechCrunch why they made the shift: "We're good at building communities around early tech sectors. We bring together investors, entrepreneurs and builders, and by focusing investments on a category over....
Santander InnoVentures, Oliver Wyman and Anthemis Group have today published "The Fintech 2.0 Paper: Rebooting financial services." The paper is presented as "a call to action to banks, financial institutions and financial technology (fintech) businesses to work together to undertake a fundamental 'reboot' of the core processes, systems and infrastructure of the banking industry.""The research underpinning the paper has identified several markets with huge potential," said Emmet Rennick, head of innovation at Oliver Wyman. "In these areas banks can realize efficiencies, customers benefit....
Reports say Venezuela has now legalized bitcoin mining following the decree recently issued by the National Superintendency of Crypto Assets and Related Activities (Sunacrip). As part of the new regulations, all entities and individuals interested in legally mining bitcoin and other cryptocurrencies must now apply for a license from the agency. According to a report, the decree will result in the creation of a National Digital Mining Pool (NDMP), a body that “seeks to bring together all the miners operating on the Venezuelan territory.” Meanwhile, the decree document, which....
Ripple has secured $55 million in Series B financing from new investors that include SCB Digital Ventures (the venture arm of Siam Commercial Bank), Standard Chartered, Accenture Ventures and SBI Holdings. The company will use the funds to support growth and pursue strategic partnerships. Other investors include Santander Innoventures, the venture arms of Seagate Technology and CME Group, and Venture 51. The investment demonstrates new expertise from companies with hands-on experience with Ripple. A Boost To Cross Border Payment. Chris Larsen, Ripple CEO, said the investment will support....