Israeli Startups Raised $600 Million Through ICOs in 2018: Report

Israeli startups have brought in more than $600 million in funding from initial coin offerings (ICOs) in the first three quarters of 2018, according to an industry report. Crypto analytics and research firm One Alpha surveyed ICOs and blockchain projects globally, from the past year, aiming to provide an overview on the status of the blockchain and ICO ecosystem, with a particular focus on Israel. One Alpha’s survey counted 140 active blockchain-related companies in Israel, which, when combined with other forms of investment, have received $1.3 billion worth of investments.…

Media Startup Civil to Issue Refunds as $8 Million Token Sale Fails

Civil, the New York-based startup aiming to put journalism on a blockchain, is to refund users who participated in its token sale, after failing to meet its pre-set minimum target. Matthew Iles, Civil’s CEO, wrote in a blog post on Tuesday that the startup closed sales of its proprietary CVL token on Oct. 15, falling short of the goal to achieve funding of at least $8 million. Having received a $5 million investment from ethereum startup Consensys last year, Civil started the initial coin offering on Sept. 18 to raise…

Galaxy Capital Leads $16 Million Funding for Crypto Project Caspian

Institutional traders simply need better crypto tools. That’s the driving idea behind a union between Kenetic, a crypto firm based in Hong Kong, and Tora, a trading systems firm that already supplies order execution, portfolio management, risk assessment and compliance services for well-established asset classes. Announced today, both companies are teaming up to create Caspian, a project that has raised $16 million in funding via a token presale. Investors in the round include Kenetic, Galaxy Investment Partners, Octagon Strategy, Techemy Capital, Global Advisors and Bletchley Park, according to David Wills of Kenetic. Wills called…

With Nearly $200 Million on the Line, EOS Is Building A Voting System

There’s an account on the EOS blockchain with $35 million worth of tokens in it that no one can touch – and its balance is growing constantly. At the end of EOS’ first 12 months as a live blockchain, this account (called eosio.saving) will be worth close to $192 million, assuming the recent EOS market price of $4.79. In theory, that money is being set aside to fund all sorts of initiatives that might be beneficial to the EOS community: building out new tech features, conducting security audits, sponsoring meetups, hiring…

Hacked Crypto Exchange Bithumb Made $35 Million Profit in First Half 2018

South Korean cryptocurrency exchange Bithumb made net profits of 39.34 billion won (about $35 million) in the first half of this year, despite a rough June for the firm. Vidente, a video equipment maker that owns 10.55 percent of Bithumb and 10 percent of its holding company, revealed the financial data to a South Korean financial regulator on Thursday, according to local news agency Yonhap. Before deductions, the filings state, Bithumb collected a total of $270 million in revenue within the first six months of 2018, with $194 million in operating profits.…

World Bank to Settle $73 Million Blockchain Bond on Ethereum Next Week

The World Bank has priced what it deems the ‘world’s first public blockchain bond’ at AUD$100 million ($73 million) in a settlement to occur next week. The two-year bond, designed to improve the efficiency of automated financing for countries with extreme poverty by moving away a decades-old manual bond sales process, will be settled on August 28 by the Commonwealth Bank of Australia (CBA), Reuters reported on Thursday. Dubbed ‘Bondi’ for Blockchain Operated New Debt Instrument – with a subtle nod to Australia’s famous Bondi beach’ – the bond will…

Today’s Bitcoin Price Pump Was Fueled by $100 Million in New Tethers

Early this morning, the bitcoin price leaped nearly $300 in just one minute, spurring a rally that carried the flagship cryptocurrency from $6,466 to $6,899 during a frenzied half-hour of trading. Analyzing Wednesday’s Bitcoin Price Pump Unfortunately, BTC proved unable to sustain that level, and after tapering off throughout the morning and early afternoon, the bitcoin price made a severe downward pivot that reversed the effects of the early morning rally. BTC/USD | Bitfinex As CCN reported, the pump occurred almost at the exact moment that BitMEX, the largest leveraged…

Airbnb Co-Founder Backs $22 Million Funding for Crypto Dealer SFOX

A cryptocurrency dealer setting out to provide trading services for institutional investors has closed a Series A funding round of $22.7 million. Called SFOX, the platform announced on Thursday that its new equity financing was led by Tribe Capital and Social Capital, and has backing from Airbnb co-founder Nathan Blecharczyk, Y Combinator, Danhua Venture Capital, Digital Currency Group and more. Founded in 2014, SFOX operates as a trading hub for institutional investors, high-net-worth individuals and family offices. The firm helps these high volume traders fulfill their buy and sell orders by…

GMO’s Cryptocurrency Business Made $2.3 Million Profit in Q2

Japanese IT giant GMO has just reported making an operating profit of 255 million yen (about $2.3 million) for its cryptocurrency business in the second quarter of this year. The firm released its financial report following an earnings call on Thursday, which indicated that the company’s crypto segment made a total of 2.6 billion yen, or $23 million, in net revenue. The amount generated in the crypto segment was almost equally split between the mining and exchange businesses, which accounted for 47 and 53 percent of the net revenue, respectively. That said,…

50 Cent Accidentally Made More Than $7 Million In Bitcoin | CNBC

50 Cent forgot about his $7M+ bitcoin stash. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC 50 Cent Accidentally Made More Than $7 Million In Bitcoin…