PayPal to Invest in Blockchain Project

Thus, the total amount attracted by the Cambridge Blockchain venture capital investment is $ 10.5 million
03 April 2019   442

Payment giant PayPal made the first investment in a startup working with blockchain technology, CoinDesk reports.

The American company has joined the extended round of financing of the A Series of the Cambridge Blockchain startup, which helps financial institutions and other organizations manage confidential data through distributed registry technology.

Participants of the deal did not disclose information on the amount of investment. However, according to recently filed documents with the Securities and Exchange Commission, in the past nine months, Cambridge Blockchain has raised $ 3.5 million from various investors, including PayPal and the Omidyar Network.

Prior to this, a startup raised $ 7 million from the venture division of Foxconn Technology Group, Partech Ventures and Digital Currency Group. Thus, the total amount attracted by the Cambridge Blockchain venture capital investment is $ 10.5 million.

We made an investment in Cambridge Blockchain because it is applying blockchain for digital identity in a way that we believe could benefit financial services companies including PayPal. Our investment will allow us to explore potential collaborations to leverage blockchain technology.

PayPal Team

The former head of PayPal, Bill Harris, has repeatedly harshly criticized Bitcoin, calling it "a zero-value cult", and arguing that the first cryptocurrency involves inexperienced buyers in the "spiral of greed."

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   958

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”