Blockchain Technology is Receiving an Investment Boost
Some venture capitalists are joining up for the age of blockchain innovation. One venture capitalist group has already caught on to the trend as being part of its confidence in the future of digital payments. Last Tuesday a report in the DCE Brief revealed that since launching in 2012, a large investment of $52 million has already been provided by Boost VC to blockchain startups. According to the report, these investment funds have been attributed to 52 different startups. Startup accelerator and business Incubator. Boost VC, is a California-based small business incubator and a new age....
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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....
It is interesting to note this idea has the full support of the Ukrainian government. An agreement for this blockchain-based auction platform.was reached in March of 2016. Blockchain technology can be used in a wide variety of ways. Over in Ukraine, they are preparing for the world’s first blockchain-based auction. Decentralized online auctions are an interesting opportunity to explore – that much is certain. Most people know blockchain technology as the mechanism powering the Bitcoin protocol. This innovative technology has attracted a lot of attention from the financial world. Various....
Boost VC has released new figures about its investments in startups focusing on bitcoin and the blockchain. The San Mateo incubator, which has pledged to invest in 100 industry startups through 2017, revealed in a Medium post this week that it has invested in 52 bitcoin and blockchain companies since its founding in 2012. According to figures provided to CoinDesk by Boost, bitcoin and blockchain startups have so far raised $52 million, compared to the $86 million across companies in all of its target sectors. The figures suggest bitcoin and blockchain startups have so far captured 60% of....
JPMorgan has reportedly been moving money between London and Tokyo as part of a trial that incorporates blockchain technology. According to The Wall Street Journal, the tests involve about 2,200 of the bank’s clients. Daniel Pinto, CEO of the firm’s corporate and investment banking unit, told the news outlet that the test is a prelude to using the technology to move real funds internationally using a blockchain. More details, the report indicated, will be offered during an investor event today in New York. The bank has been testing the technology in collaboration with New York blockchain....
Email paywall system Mailman has won Coinbase's second hackathon, which gave away $70,000 worth of bitcoin in prizes. The system, which rewards consumers in bitcoin and uses the blockchain to filter spam messages, received a $10,000 prize in bitcoin and a place on Boost VC's bitcoin accelerator class, reportedly worth $50,000. Coming in second and receiving a prize of $5,000 was SatoshiPay, a bitcoin paywall for publishers. Remittance aggregator Rebittance came third, receiving $3,000, while BlockchainME, a tool which creates verifiable IDs on the blockchain, came in fourth and received....