BiT Capital Commits $10 Million Into Bitcoin ATM Start-Up BiT Access
A Canadian bitcoin investment group by the name BiT Capital has reportedly committed a significant lump of cash into bitcoin ATM start-up BiT Access (who likes to refer to their product as a BTM - a bitcoin teller machine). That amount is in the neighborhood of $10 million, to be invested in increments in the period of 1-2 years, according to an exclusive by 'Two Bit Idiot' published here. The total amount committed comes in as one of the largest investments in the bitcoin business industry thus far. "BiT Capital is thrilled to partner with BiT Access," said John Bridge of BiT Capital. "We....
Related News
PRESS RELEASE. Nexo, the leading regulated digital financial institution with over $2 billion in assets under management, today announced the details of its buyback program. The company’s Board of Directors approved an initial repurchase of $12 million of its NEXO Token on an open-market principle, with the decision coming into force with immediate effect. Part of the company’s recently launched tokenomics overhaul Nexonomics, the move seeks to further boost the value of the NEXO Token, which marked a 160% price increase since the campaign’s launch in late October. The....
Payment Protocol Company Ripple Labs recently announced that it has raised $28 million in a new Series A financing round. The San Francisco-based startup attracted supports from a number of globally renowned companies, which include data storage company Seagate, derivative marketplace CME Group, and venture capital firm IDG Capital Partners. It further received investments from Jerry Yang's AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, and many other renowned investment vehicles. As Ripple Labs commits, it is going to channel these investments towards building the....
A Cameroonian fintech start-up, Ejara, has raised $2 million to pioneer the usage of crypto and investment services in French-speaking African countries. Coinshares Ventures and Anthemis Group led the funding round in which they were joined by Mercy Corps Ventures, Lateral Capital, Lofty Inc Capital, and Netx Fund. Using Crypto to Protect Savings in Francophone Africa According to a report, the start-up, which was founded by Cameroonian Nelly Chatue-Diop, wants to “level this playing field for the average French-speaking African so they can invest as little as $9 (CFA5,000).”....
Eth continues to move from crisis to crisis with the latest blow to the digital currency the hacking of an early and significant investor, Bo Shen, Founding Partner of Fenbushi Capital, a $50 million blockchain focused venture capital fund by Wanxiang, one of China’s giant conglomerates. According to Jack Peterson, an Augur developer, someone gained access to Shen’s phone number by social engineering the telecom provider. They used that access to take over his e-mail via a recovery number method. Once they gain access to both, the hacker would have been able to access numerous service....
The total monthly active developers measured hit a record high of more than 18,000 but Ethereum retains the largest number of them. The Ethereum ecosystem still has far more developers than rival networks, but they are catching up with a faster rate of growth.Ethereum competitors such as Polkadot, Solana, and Binance Smart Chain are growing faster in terms of development activity according to crypto research firm Electric Capital which released its findings on the blockchain development ecosystem in a new report on Jan. 6. It revealed that more than 4,000 monthly active open-source....