IDG Capital

Auto Added by WPeMatico

Jihan Wu’s Matrixport Raises $100 Million — Singapore Startup Joins Growing List of Crypto Unicorns

by

Matrixport, the digital currency financial services company co-founded by the former Bitmain CEO Jihan Wu, has revealed the company has raised $100 million in a Series C financing round. The funding has propelled Matrixport’s valuation to unicorn status as the firm now has a valuation of over $1 billion. Matrixport Now Valued at $1 Billion, … Read more

VC Funding Round-Up: Money Keeps Flowing to Crypto Exchanges and Wallets

by

A collection of recent funding news from the cryptocurrency ecosystem shows that despite record amounts of money raised by ICOs, the traditional route of raising funds from venture capital firms is still going strong. And cryptocurrency exchanges are involved both as investment targets and investors.  Also Read: Crypto Point-of-Sale Devices Begin Roll-Out in Indonesia Despite Ban … Read more

Ethereum Wallet ImToken Has $35B in Deposits, More Than 99% of US Banks

by

China-based ImToken, one of the first cryptocurrency and Ethereum wallets to be listed on the Apple App Store, has processed more than $35 billion in deposits over the past few years, surpassing Coinbase. Similar to Blockchain, MyEtherWallet, and MyCrypto, ImToken is a free and non-custodial wallet that enables users to store, send, and receive cryptocurrencies … Read more

PR: MoneyToken to Give out Loans in Stablecoin from Goldman Sachs-Backed Circle

by

Following the announcement that Circle, a fintech startup backed by Goldman Sachs, plans to launch a stablecoin pegged to the U.S. dollar, the blockchain-based ecosystem MoneyToken has confirmed the listing of the stablecoin, Circle USDC, on its lending platform and decentralized exchange. The post PR: MoneyToken to Give out Loans in Stablecoin from Goldman Sachs-Backed … Read more

Binance Exchange Founder Sued by VC Fund Sequoia Capital

by

Sequoia Capital, a venture capital firm headquartered in Menlo Park, California is suing the Chinese founder of the cryptocurrency exchange Binance, Changpeng Zhao (better known as CZ). The American VC fund reportedly accuses CZ of allegedly negotiating with another firm while he signed an exclusivity agreement with Sequoia. Also Read: Bitcoin in Brief Wednesday: Crypto … Read more

Companies Deny Having Bitcoin or Blockchain Services Amid China’s Clampdown

by

After Xunlei was questioned about Initial Miner Offerings (IMO), multiple public companies clarified that they did not and will not tap into the blockchain space. A Shenzhen-based bitcoin miner manufacturer issued a statement saying the business hasn’t generated much profit for the company. Also Read：China’s Regulatory Authority Warns About Risks of Initial Miner Offerings Produce … Read more