Singapore Exchange CoinHako Gets Personal Investment Boost from Tim Draper
Tim Draper with CoinHako founders Yusho Liu and Gerry Eng. Recently launched Singapore exchange and wallet service CoinHako has received a helping hand via a "six figure" personal investment from venture capitalist Tim Draper. The company is also actively in talks with other angel investors and seed-stage VCs to close another round of funding. Draper said that, while bitcoin is the greatest technological breakthrough since the Internet, liquidity and pricing remained a problem in Singapore and Southeast Asia. "CoinHako is cleverly filling up those gaps. Singapore is also one of the most....
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The NewsBTC team interacted with Pasi Koistinen for the first time after he was appointed the CISO of Coinhako. We asked him a few questions about the new role and his views on crypto markets and cybercrime. Here is an excerpt of the interesting interaction that happened recently. Q: Thanks for joining us, and congratulations on your new role as the CISO of Coinhako. First, would you please introduce Coinhako to our readers? A: Coinhako was founded in 2014 in Singapore, and the platform’s mission is to be the go-to gateway to the crypto economy, providing easy access to digital assets and....
Coinhako received regulatory approval from the Monetary Authority of Singapore just a month before the SBI funding. Tokyo-based financial services giant SBI Holdings announced a joint investment in Coinhako, Singapore’s first licensed crypto exchange approved by the Monetary Authority of Singapore (MAS). The Coinhako investment was made via a fund jointly set up by SBI and Swiss-based Sygnum Bank, namely, the SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) Fund, according to the notice.Speaking to Cointelegraph, a MAS spokesperson highlighted the importance of seeking licensing approvals....
Boost VC, a technology startup accelerator program that accepts startups in groups called "tribes" has announced that it will be going 100% Bitcoin for the foreseeable future. In March, Adam Draper first stated his intention to help 100 Bitcoin companies through Boost VC in the next three years. Now, Boost VC CEO Adam Draper has publicized his decision to refocus Boost VC solely towards the Bitcoin ecosystem, at least for the next few years. Draper hinted that Boost VC may still expand to non-Bitcoin ventures as long as they are similarly bleeding edge. Boost VC has previously helped....
California-based startup accelerator Boost VC is continuing its "all-in" dive into the bitcoin space with an announcement of a new fund, Boost Bitcoin Fund 2, which promises each company in its upcoming Tribe 5 startup batch an investment of 300 BTC upon completion of the program. The fund, which was backed by Draper Associates, is one of many recent announcements to come from Boost VC. In November, the accelerator closed a $6.6m funding round led by Marc Andreessen and Ben Davenport and announced that its next cohort would feature only companies working with bitcoin and blockchain....
Boost VC, the California-based bitcoin investment firm headed by Adam Draper, has selected 24 startups for its latest batch of new bitcoin businesses, bringing its total portfolio to 50 companies. Boost VC's Tribe 5 began its three-month startup accelerator yesterday, as reported by Upstart Business Journal. According to Draper, the firm remains bullish on bitcoin and has no plans to stop investing in new startups and ideas. "While some people might have backed off of bitcoin a little bit, we doubled down," Draper told the publication. "We just invested in twice as many companies as anyone....