Overstock Invests in Blockchain Voting Startup SettleMint
E-tail giant Overstock has invested in a Belgium-based blockchain startup. The seed investment in SettleMint, the amount of which was not disclosed, was made by Medici Ventures, a venture arm of Overstock that is focused on its blockchain-based trading platform initiative. In April, Overstock invested $4m in Caribbean digital currency exchange Bitt, and the firm has stakes in other companies like PeerNova and Identity Mind as part of its crypto-exchange project. According to the e-tailer, the investment in SettleMint is aimed, in part, at shoring up the voting capabilities for its tø....
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Caribbean digital currency exchange Bitt has received $4m in new funding from online retailer Overstock.com. The deal, announced today, comes after Bitt's February launch of a blockchain-backed digital version of the Barbados dollar. The startup raised $1.5m in seed funding last March from local VC firm Avatar Capital. Bitt CEO Gabriel Abed told CoinDesk that the deal originated at the Satoshi Roundtable, an invite-only industry gathering held in late February. The funds will be used to expand the company’s team beyond Barbados. Abed explained: "We’ll be taking what we’ve done in....
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Bitcoin ATM-developer and blockchain-tech firm Blockchain Technologies Corp (BTC) has revealed that it is developing a tamper-resistant voting machine dubbed “VoteWatcher.” New York-based Blockchain Technologies Corp., a blockchain- and bitcoin-centric firm and startup accelerator has revealed that it is currently working on a blockchain voting machine that it deems will be “tamper-resistant”. The machine, dubbed “VoteWatcher”, is aimed at ensuring two core functionalities of a voting process. According to the firm, they are: To ensure that the voting machine correctly captures the voter’s....
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