Startups news

Binance recently partnered with WazirX to set up a joint $50 million-large token fund. The goal is to invest in blockchain startups in India, thus helping them speed up development The fund is simply called ‘Blockchain for India,’ and it is backed by WazirX’s WRX token, and Binance’s native BNB and BUSD. According to WazirX’s CEO and founder, Nischal Shetty, the fact that this is a token fund means that it will not i...

The Hong Kong-based crypto trading startup Amber has secured $28 million in investments in a Series A funding round. Crypto investment firms Paradigm and Pantera Capital, as well as Coinbase Ventures, Fenbushi Capital, Polychain Capital, and Blockchain.com, have invested in Amber, together with its existing investor Dragonfly Capital. Paradigm and Pantera led the first round. The company plans to use the funds to boost its operations and bring ne...

State of European Tech has reported that there has been a massive 40% jump in venture capital funding for startups in Europe in 2019. European startups won a record $34bn in venture capital funding up 40% from 2018, outshining the US and Asia markets- which saw a drop in investment. The sharp jump adds to a growing sentiment that the European tech ecosystem is finally coming of age. “It does feel like we are in a golden age for Europe now. The qu...

Coinbase is in the final stages of closing on a deal that would see the company’s value stand at about $8 billion, making it one of the highest valued start-ups in the United States. A $500 million investment With this deal, Coinbase continues to make further strides in the cryptocurrency space, as well as convincing conventional financial bodies warm up to its operations. According to sources close to the deal, Coinbase is i...

Yasuo Matsuda, a former foreign-exchange dealer at Deutsche Bank has joined FXcoin Ltd., a startup Japanese crypto exchange as a strategist. Later this September, Matsuda will be part of the FXcoin team and is expected to help lay the right strategies in place that will see the firm improve its trading business. His day-to-day procedure will involve providing dependable crypto market analysis, as well as submitting daily repor...

Facebook shares closed higher Monday amid reports the tech giant is close to buying UK startup Bloomsbury AI.