This post was originally published here Token, a San Francisco and London-based open banking platform, raised $16.5m in funding from prominent tech funds including Opera Tech Ventures, the venture arm of BNP Paribas, Octopus Ventures, and EQT Ventures, according to an announcement Tuesday. This strategic round of funding comes on the heels of the company’s

This post was originally published here YouNow, a video platform that aims to reward active users with its own cryptocurrency, is taking a belt-and-suspenders approach to compliance. The New York-based startup has filed a Reg-A+ offering circular for its Props token with the Securities and Exchange Commission (SEC) – even though it isn’t selling them to

The Roybal Bank of Scotland (RBS) has hired a former executive from cryptocurrency finance firm Circle, according to a report by the Financial Times on June 18. Marieke Flament, who formerly worked as the European managing director of Circle, will reportedly join RBS as CEO of Mettle, its digital service for small and medium-sized enterprises

This post was originally published here The United States Department of Justice (DoJ) has unsealed a fraud complaint against Swedish citizen Roger Nils-Jonas Karlsson and associated firm Eastern Metal Securities (EMS), according to a press release on June 19. According to the DoJ Karlsson and EMS are charged with committing securities fraud, wire fraud and

Facebook’s announcement that it would create a stablecoin on a blockchain means more as a competitive answer to WeChat and Alipay’s payment services than it does to the crypto industry, according to AngelList co-founder Naval Ravikant. Ravikant told CoinDesk via email: “I don’t think it means much for crypto because it’s not really (sovereign-resistant) crypto.”

The Chicago Mercantile Exchange (CME) Group has released data showing that open interest in Bitcoin futures is rising, as per an official Twitter post on June 18. Interest in BTC futures over time: https://twitter.com/CMEGroup/status/1141015074062110721 According to CME, bitcoin (BTC) open interest spiked on June 17 with an all-time high of 5,311 contracts totalling 26,555 BTC,

This post was originally published here Analysts at investment bank Canaccord Genuity think Facebook’s new cryptocurrency might benefit the world – if regulators allow it. In a note to clients Wednesday, analyst Michael Graham wrote that Facebook’s Libra Network, unveiled on Tuesday, would seemingly benefit the blockchain space, unbanked individuals and (to some “modest” amount)

This post was originally published here Ethereum (ETH)-based decentralized video streaming startup Livepeer announced that it raised $8 million from institutional investors in its Series A funding round in a Medium post published on June 17. Per the announcement, the startup will use the newly acquired resources to support the further development of the Livepeer

This post was originally published here Social networking is so hot right now but is it hot enough to spend $30 million on the domain name Voice.com? Block.one thought so. The blockchain consulting outfit paid MicroStrategy for access to what it calls a “ultra-premium domain name” in order to give their new social network a

This post was originally published here Russia’s parliament, the State Duma, will adopt the country’s major crypto bill “On Digital Financial Assets” (DFA) in the next two weeks, according to a local senior finance official. The news was reported by Russian government-backed news agency TASS on June 19. Russia’s deputy finance minister, Alexei Moiseev, revealed