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Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting

News TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from the Winklevoss twins’ family office, Winklevoss Capital. In a Jan. 6 announcement, TaxBit said that it plans to use the raised funds to enhance its software products on an internat..

Amid Rising Adoption, Funding for Blockchain Startups Dries Up

New Year Special Blockchain has become a buzzword in the startup ecosystem and multinationals alike. Numerous benefits provided by the technology has incentivized businesses and governments to adopt, explore or invest in it. However, a surprising turn of events took place in 2019 when it comes to..

Privacy-Focused Zcoin Launches Funding Project Similar to Monero CCS

News Privacy-focused cryptocurrency Zcoin (XZC) has launched a new crowdfunding system similar to one by another major privacy coin, Monero (XMR). In a Dec. 26 blog post, Zcoin announced the launch of the Zcoin Crowdfunding System (ZCS), a new platform that is designed to serve as shift from direc..

SEC-Licensed Broker-Dealer BitOoda Secures $7M Seed Funding

News United States-based cryptocurrency brokerage BitOoda has secured $7 million funding from major investors including former senior investment exec at JPMorgan. Founded in 2017, BitOoda positions itself as a digital asset financial services platform that combines digital finance and applied scie..

Ripple Raises $200M, Calls 2019 Its Strongest Year of Growth

News Ripple, the blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in a new funding round. Led by closed-ended investment company Tetragon, the new Series C funding round was also joined by Ripple’s major Japanese partner SBI Holdings and venture..

EOS Creator to Provide Over $1.5M via New EOSIO Grant Program

News Block.One, the firm behind EOS, the seventh-biggest cryptocurrency by market cap, has launched a new $1.5 million grant program to support the EOSIO development. EOS VC, the Block.One’s venture capital arm, plans to award grants worth $50,000 to each qualified project within its new funding i..

Franklin Templeton Closes Funding Round For Blockchain-Based Social Impact Platform

News Proof of Impact, a blockchain-based, global marketplace for natural and social capital has closed a funding round led by American asset management firm Franklin Templeton Investments. On Dec. 12, Proof of Impact announced that it closed its first institutional investment round led by Franklin..

Pomp Joins Figure’s Board as Firm Completes $103M Funding Round

News California-based fintech company Figure Technologies has completed its $103 million funding round led by cryptocurrency asset manager Morgan Creek Digital. In conjunction with closing the Series C round, the blockchain-focused firm announced that Morgan Creek co-founder Anthony Pompliano had ..

Ripple-Backed Omni Rentals to Shut Down by Late 2019: Report

News Omni Rentals, a $35 million-funded storage and rental startup backed by major crypto firm Ripple, is reportedly shutting down its operations. As Omni is expecting to close its platform by the end of 2019, about 10 of Omni’s engineers will be hired by major American crypto exchange and wallet ..

Bitcoin.com Launches $200M Bitcoin Cash Investment Fund

News Bitcoin.com, the Bitcoin (BTC)-related firm backed by crypto evangelist Roger Ver, is planning to launch its $200 million Bitcoin Cash (BCH) investment fund. Ver has announced the news speaking at a Bitcoin Cash meetup in London on Nov. 19, as he tweeted on Nov. 20. The event was hosted by ma..

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