Apple, Amazon Alums Behind Sharding Startup Raise $18 Million

Bucking the 2019 trend of fundraising on equity, one startup has completed a substantial token presale. Harmony announced Tuesday that it raised $18 million from an array of investors that includes Hong Kong’s Lemniscap VC, Australia’s BCA Fund, Singapore’s UniValues Associates and Silicon Valley’s Consensus Capital, among others. Co-founder Nick White told CoinDesk that selling tokens was the only path that made sense, because “our long-term vision is to create a decentralized protocol.” The Harmony blockchain will launch with a pre-mine of 12.6 billion tokens. Investors have purchased slightly more…

Canadian Police Freezes Assets of FUEL Token Issuers due to Alleged $22 Million Fraud

Canadian police have frozen assets of the founders of blockchain consulting firm Vanbex, which raised $22 million in an alleged fraudulent initial coin offering (ICO). The development was reported in a court document released on March 14. According to the document, Vanbex founders Kevin Hobbs and Lisa Cheng claimed to the public that they operated a Vancouver-based cryptocurrency firm, starting from 2017. The firm, which was interchangeably called Vanbex and Etherparty, is actually a shell company that developed no useable products, the court document argues. The police have now frozen…

Bitcoin Cash, Litecoin Futures Volumes Top $150 Million at Kraken Exchange

It’s not just bitcoin futures products that are becoming popular with investors, at least according to one U.K.-based crypto derivatives provider. Crypto Facilities, a subsidiary of the San Francisco-based exchange Kraken that provides bitcoin and ether reference data for CME Group and has offered its own derivatives products for years, has seen trading volume in its altcoin futures markets jump dramatically in recent weeks – in particular, its litecoin and bitcoin cash futures contracts, said head of indices and pricing products Sui Chung. He told CoinDesk that the company had…

ICOs Raised $118 Million in Q1 2019, Over 58 Times Less Than in Q1 2018

About $118 million has been raised via initial coin offerings (ICOs) in Q1 of 2019, over 58 times less than $6.9 billion, the amount raised during the same period in 2018, the Wall Street Journal (WSJ) reports on March 31. The report cites data provided by ICO analytics website TokenData. The WSJ argues that investors have been scared off by regulators’ actions against non-compliant ICOs, as well as by the general bear market over the past year. One of the latest cases happened in February, when the United States Securities…

$4.2 Million of Cryptopia’s Ethereum (ETH) Moved as Prices Stagnate

Ethereum prices up 2.8 percent 30,789 ETHs transferred from Cryptopia’s wallet to an unknown address. $4.2 million worth of Ethereum (ETH) from Cryptopia is now at an unknown address after Jan hack. At the same time, Ethereum prices are up but struggling to break above $150 and $170. Ethereum Price Analysis Fundamentals There is a worrying trend in 2019. More exchanges are falling prey to hackers, and there should be averting steps. Aside from regulator involvement, exchange clients must take their security a notch higher. That means incorporating two-step verification…

Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job

South Korean crypto exchange Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack it suspects was an insider job. The company confirmed in statement on Saturday that it first spotted an “abnormal withdrawal” of the cryptocurrency through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29. The exchange suspended asset withdrawals and deposits on the platform after noticing the breach. Bithumb stated: “All the [stolen] cryptocurrency is owned by the company, and all members’ assets are under the protection of a cold wallet.”…

Tezos (XTZ) Earns $43 Million Following Coinbase Announcement, Can It Rally?

Tezos proof-of-stake project’s market capitalization was up 8% since the session’s open this Friday. As of 1109 UTC, the Tezos blockchain attracted $43 million via the sale of its native token XTZ. The coin’s valuation against the US dollar surged from 0.781 to 0.848, its best since November 20 last year. The market volume, in the past 24 hours, was above $6.78 million, with BitMax and Gate.io hosting the maximum trades. Tezos Price Chart | Source: CMC According to CoinMarketCap volume indicator, XTZ’s upside benefited from bitcoin’s overlong stability near the…

Blockchain Exchange Secures $50 Million in Diamonds for ETF Launch

Blockchain-based trading platform CEDEX says it has now secured a supply of more than 6,000 diamonds ahead of its launch of a diamond exchange-traded fund (ETF). Announcing the news on Wednesday, CEDEX said that the diamonds – worth over $50 million – will provide traders with a variety of investment options prior to the launch of the ETF, which is currently in development. The supply comes from diamond holders registering their stock on the exchange for trading, the firm told CoinDesk. CEDEX claims to have used blockchain tech and a proprietary algorithm…

TechCrunch Founder’s Crypto Fund Tops $100 Million, Completes First Acquisition

One of Arrington XRP Capital’s largest limited partners (LPs) has injected a fresh $30 million into the digital asset firm, according to its founder Michael Arrington. “The reason is, like everyone, we didn’t do particularly great last year, but we did better than the market. And that was a win,” Arrington told CoinDesk. With the additional investment, Arrington says the fund has now surpassed its initial target of raising $100 million. First announced at Consensus: Invest 2017, the TechCrunch founder has never disclosed his eponymous fund’s LPs (other than to…

Blockchain Insurance Consortium B3i Quietly Raises $16 Million

B3i, a blockchain startup owned by some of the world’s largest insurance companies, quietly raised about $16 million last month, bringing its total capital to over $22 million, according to corporate registry filings in Switzerland. Slightly more than half of the new capital (8.27 million Swiss francs, or roughly $8.34 million) came in the form of cash, with the rest coming as converted debt, according to the filings with the Swiss Commercial Register. B3i had previously raised 6.3 million Swiss francs (about $6.35 million) around the time it was incorporated in…