Alibaba Fintech Division to Invest in QEDIT

$10M worth series A financial round was led by MizMaa Ventures; Ant Financial, Meron Capital, Collider Ventures, Jovono, Target Global and RGAX took part too
08 May 2019   450

QEDIT, developing privacy-oriented solutions for commercial blockchains, closed a $ 10 million round of financing for Series A, led by venture capital firm MizMaa Ventures.

Among the participants of the round there are also Fintech division of Ant Financial, which is part of the Alibaba, Meron Capital, Collider Ventures, Jovono, Target Global and RGAX.

QEDIT develops solutions based on zero-knowledge proof compatible with private commercial blockchains. It is noteworthy that Ant Financial intends to use the technology in its blockchain services.

Note that earlier QEDIT raised $ 3 million in a seed round and $ 1 million in grants.

In the summer of 2018, Ant Financial, following the results of the round of financing of Series C, raised $ 14 billion to develop blockchain solutions an launched a cross-border settlement service based on distributed ledger technology soon.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   1077

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.