Blockchain has raised $40 million of funding

Blockchain once again attracted investments
22 June 2017   1723
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

One of the most popular online bitcoin wallet  company has announced the completion of a successful series B funding round by raising $40 million. This is one of the largest investment rounds in the financial technology sector since Britain’s vote to leave the European Union.

About Blockchain

Blockchain is one of the oldest virtual currency businesses in industry. Founded in 2011 as an open-source project, now it is one of the biggest companies on the market. The platform had issues around 15 000 000 bitcoin wallets in over 140 countries. 

Investments

List of investors: Lakestar with participation from GV (formerly Google Ventures), Nokota Management, Digital Currency Group and existing investors Lightspeed Venture Partners, Mosaic Venture Partners, Prudence Holdings, Virgin, and Sir Richard Branson (Virgin Group).

We were impressed by Blockchain’s consistent market traction and dedication to building secure financial products for an increasing number of users. 
 

Tom Hulme
General Partner, Google Ventures

New capital

Investisions will support global expansion and localization efforts as well as research and development of emerging digital assets.

The 14 trillion dollar financial services industry hasn’t meaningfully changed in over a century. Blockchain is on a mission to create a financial system that is faster, more inclusive, and radically different than the status quo.
 

Peter Smith
CEO and Co-Founder, Blockchain 

Back in 2014, the company raised $30.5 million. That was the largest investment in the digital currency industry at that time. 

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   110

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.