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San Francisco-based cryptocurrency exchange Kraken has raised over $13.5 million in financing on online investment platform BnkToTheFuture. San Francisco-based cryptocurrency exchange Kraken has raised over $13 million in financing on online investment platform BnkToTheFuture. Kraken has raised $13.5 million from 2264 investors, surpassing its initial target of $10.2 million purportedly due to popular demand. The fundraising campaign of Kraken — which has over four million clients in nearly 200 countries — is the most successful funding round by individual contributors on BnkToTheFuture. As previously reported, Kraken raised over $6 million in the first day of the campaign from almost 300 investors. On BnkToTheFuture, Kraken describes itself as the only regulated spot and futures cryptocurrency exchange with over $85 billion in trading volume in 2018 alone, making its compound annual growth rate of 387%. In recent months, Kraken has made some developments in security and international..
BlockShow, an international blockchain event powered by Cointelegraph, has started a campaign to raise crypto for the Notre Dame cathedral reconstruction. BlockShow, an international blockchain event powered by Cointelegraph, has started a campaign to raise cryptocurrency for the Notre Dame cathedral reconstruction. The news was announced on BlockShow’s official Twitter account on April 16. In the tweet, the team behind BlockShow revealed that it has initiated a fundraising campaign for the Notre Dame reconstruction following the devastating fire that engulfed the cathedral yesterday, April 15. The BlockShow team posted two digital currency wallet addresses where everyone interested can transfer donations in both bitcoin (BTC) and ethereum (ETH), as well as a link to the Foundations Du Patrimoine, which is raising donations in fiat currencies. National Public Radio (NPR) has reported about several other international campaigns raising funds for the cathedral rebuilding, including GoFu..
The Taiwanese finance regulator plans to introduce a new STO-related fundraising mechanism, scheduled for release in June 2019. Taiwan’s Financial Supervisory Commission (FSC) will establish a new fundraising mechanism based on security token offerings (STOs), according to an article published by financial news outlet Taiwan Economic Daily on Monday, March 4. The FSC, an independent government agency subordinate to the Executive Yuan of the Republic of China (Taiwan), has revealed plans to adopt an STO-related fundraising mechanism. A symposium aimed at listening to the opinions of the industry’s practitioners on the issue is scheduled for the end of April this year, with plans to formulate relevant issuance standards and norms by the end of June 2019. Gu Lixiong, the chairman of Taiwan's FSC, underlined that there could be different exchanges for STOs not limited to existing stock exchanges. He also added: “An STO is an emerging product of the next generation of capital markets,..
Ripple’s fundraising arm Xpring invests in a startup that develops applications for XRP Ledger. Ripple’s fundraising arm Xpring has invested in XRPL Labs — a startup that develops applications for the XRP ledger, the company announced in a blog post on Feb. 13. Xpring’s director Vanessa Pestritto has announced that Wietse Wind — a long-time XRP community developer and one of the three XRPL Labs co-founders — is a “proven entrepreneur” who “has successfully grown his companies organically.” According to Pestritto, the company’s decision to invest in the startup was motivated by Wind’s creative approach and ability to engage developers. Pestritto believes that the funding will help Wietse and his partners dedicate more time building XRP Ledger-based projects, which include Wind’s recent tool for streaming payments for electrical power. The exact amount of the investment has not yet been disclosed to press time. Wietse recently paid a tribute to Xpring on his Twitter, promising to develo..
Crypto fundraising might be a great tool to fight corrupt regimes, but what happens when freedom fighters seize power? The ongoing controversy surrounding Malaysia’s proposed political cryptocurrency, Harapan Coin, is far from letting up. On Nov. 26, the country’s finance minister, Lim Guan Eng, weighed in on the issue by reiterating that any entity looking to issue a cryptocurrency should first refer to Bank Negara Malaysia (BNM) and the Securities Commission: “Don’t do it without Bank Negara’s guidelines or directive on the matter to avoid doing something wrong and against the law.” During the same press conference, Lim Guan Eng also said that he had asked a government official — who has recently made a series of statements in support of the project — to tone down the promotional campaign until the financial authorities comes up with a coherent regulatory framework. The turbulence around the proposed asset, which is touted by its creators as “the world's first political fundrai..