Saturday, 17 Nov 2018
Category: Blockchain

Pure Bit, a South Korean exchange, pulls a $2.8 million exit scam

Another day, another exit scam. This time it comes to us from South Korea, where an exchange, Pure Bit, has completely shut down after raising $2.8 million in Ethereum from investors. The exchange, which promised to deliver something call Pure Coin, was live yesterday and today is completely shut down after posting “Sorry” and “Thanks” […]

A blockchain firm bought asteroid mining company Planetary Resources

Here’s a match made in…I don’t know, somewhere on the blockchain, I guess. Pioneering space startup Planetary Resources was acquired by, of all things, a blockchain firm this week. ConsenSys, a Brooklyn based firm that specializes in all things Ethereum issued an announcement noting that it has snagged the asteroid mining  company. It’s not entirely […]

PlusOneCoin made a cryptocurrency for upvotes

A team of developers have made something called PlusOneCoin, a clever cryptocurrency that essentially allows owners to upvote content on two financial sites, ADVFN and Investorshub. The idea — to reward people for accessing content and, more importantly, interacting with it — is something many services like Steemit have tried and failed to pull off. […]

Coinbase lets you buy and sell USDC stablecoin

A few weeks after Circle announced the launch of USD Coin (or USDC for short), Coinbase also announced that customers can now buy, sell, send and receive USDC on Coinbase. A USDC is a token that is worth exactly 1 USD. Its value is going to stay stable against USD — hence the name stablecoin […]

Origin launches protocol for building cheaper decentralized Ubers & Airbnbs

The sharing economy ends up sharing a ton of labor’s earnings with middlemen like Uber and Airbnb, and $38 million-funded Origin wants the next great two-sided marketplace to be decentralized on the blockchain so drivers and riders or hosts and guests can connect directly and avoid paying steep fees that can range up to 20 percent […]

The Hack Fund will use crypto to give startups early liquidity

Now that “utility” tokens have become a popular and international way to fund major blockchain projects, a pair of investors are creating a new way to turn tokens into true equities. The investors, Jonathan Nelson and Laura Nelson, have created Hack Fund, an early stage investment vehicle that allows startups to launch what amounts to […]

Overstock’s investment arm funded blockchain for wine

Of all the things to add to the blockchain, wine makes a lot of sense. Given the need for provenance for every grape and barrel, it’s clear that the ancient industry could use a way to track ingredients from farm to glass. VinX, an Israeli company founded by Jacob Ner-david, is ready to give it […]

A former US president walks into a blockchain conference…

In a sign of the major cryptocurrency player’s continued influence and ability to pay premium speaking fees, the keynote speaker for Ripple’s two-day Swell conference was none other than former President Bill Clinton. In what felt like a very odd cameo for Clinton, the former president largely meandered through an hour-long conversation about his new […]

Blok.Party raises $10M, will adapt Settlers of Catan to its blockchain game console

Blok.Party, the company that built the upcoming PlayTable game console, announced today it raised $10 million in new funding. It’s also unveiling a big content partnership, where Blok.Party will create its own version of the popular board game Settlers of Catan. I first wrote about Blok.Party and PlayTable earlier this year, when co-founder and CEO […]