funding

Factom Facing Liquidation After Creditor Refuses Request for Funding

Source Node: https://cointelegraph.com/news/factom-facing-liquidation-after-creditor-refuses-request-for-funding
Time Stamp: April 6, 2020 2:05 AM - Modified On: May 21, 2021 - Published By:
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After failing to source additional funding, blockchain company Factom has begun the process of being liquidated. In an April 2 notice to investors, Factom’s largest investor FastForward announced the “dissolution event”: "The Company has been notified by the directors of Factom that in a board meeting on 31 March 2020 they concluded that, in the absence of further funding, they now needed to begin the process of assignment of assets for the benefit of creditors.”Citing their failure to secure additional funding, FastForward declared Factom would now enter receivership. As Factom’s largest creditor,

Ripple Funds Blockchain’s Disruption of the Legal Industry

Source Node: https://cointelegraph.com/news/ripple-funds-blockchains-disruption-of-the-legal-industry
Time Stamp: April 5, 2020 2:03 PM - Modified On: May 21, 2021 - Published By:
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A new blockchain course offered by the Australian National University (ANU)’s law school commenced this year with support from Ripple’s University Blockchain Research Initiative (UBRI).Cointelegraph spoke to Lauren Weymouth, the senior manager of the UBRI’s University Partnerships Program, and Scott Chamberlain, the academic running the curriculum, to find out more about how blockchain can disrupt the legal industry and the partnership between the ANU and UBRI.Chamberlain will be working alongside the developer behind the Toast XRPL Wallet, Richard Holland, to develop and deliver the course.ANU law school launches blockchain courseChamberlain

Africa Using Blockchain to Drive Change, Part Two: Southern Solutions

Source Node: https://cointelegraph.com/news/africa-using-blockchain-to-drive-change-part-two-southern-solutions
Time Stamp: April 5, 2020 12:46 PM - Modified On: May 21, 2021 - Published By:
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With pundits like Twitter CEO Jack Dorsey predicting that Africa “will define” the future of Bitcoin (BTC), cryptocurrency and blockchain technology continue to attract interest from both public and private establishments across the continent. Many of these adoption cases have been moving beyond finance, developing solutions targeted at issues like unemployment, identity management, health care and supply chain, among others.Amid the growing enthusiasm for crypto and blockchain technology in Africa, industry stakeholders interviewed by Cointelegraph identify a lack of education as one of the major hurdles standing in the way of more

South African National Blockchain Alliance Holds Online Launch

Source Node: https://cointelegraph.com/news/south-african-national-blockchain-alliance-holds-online-launch
Time Stamp: April 3, 2020 1:56 PM - Modified On: May 21, 2021 - Published By:
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The South African National Blockchain Alliance carried out an online livestream launch while the country is in the midst of a 21-day lockdown to curb the spread of the coronavirus pandemic. The organization was due to be launched at the beginning of April in Johannesburg but had to be taken online as South Africa and the world tackles a global health crisis.The launch happened during a livestream on YouTube on April 3, which included a panel of speakers elaborating on how SANBA will help nurture blockchain-focused startups and companies that

Bitcoin Price Soars 15% to $7.2K But Breaking $8K Won’t Be Easy

Source Node: https://cointelegraph.com/news/bitcoin-price-soars-15-to-72k-but-breaking-8k-wont-be-easy
Time Stamp: April 2, 2020 1:43 PM - Modified On: August 29, 2021 - Published By:
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Bitcoin (BTC) is trading at $7,106 representing an impressive 14.7% gain in the last 24 hours and 6.8% for today. Other global markets are also up off the back of President Trump’s comments around the likelihood that crude oil production will be cut back, which is one of the triggers which caused Bitcoin to slide from $9K to $8K in early March.Looking at performance relative to its peers, Ether (ETH) and XRP both continue to underperform versus Bitcoin as was the case last week. Bitcoin dominance remains at 66%. Cryptocurrency market

1.1 Million In USDC Invested Into Uniswap and PoolTogether By Coinbase

Source Node: https://insidebitcoins.com/news/1-1-million-in-usdc-invested-into-uniswap-and-pooltogether-by-coinbase/256195
Time Stamp: April 2, 2020 8:55 AM - Modified On: August 29, 2021 - Published By:
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Coinbase, one of the world’s heavyweight exchanges, has recently invested 1.1 million in USDC to the decentralized finance protocols of PoolTogether and Uniswap.Pushing In 1.1 Million In USDC To Smart ContractsAccording to the announcement the San Francisco-based crypto exchange had made, the funding itself comes from its USDC Bootstrap Fund. This Fund was created back in September of last year, with an initial funding clocking in at $2 million. The move itself comes as a bid from the exchange to stimulate the growth of the USDC within the Decentralized Finance

Ark’s 1 Million Token Grant Fund Drives Community Innovation

Source Node: https://cointelegraph.com/news/arks-1-million-token-grant-fund-drives-community-innovation
Time Stamp: April 2, 2020 3:49 AM - Modified On: August 29, 2021 - Published By:
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Interoperable blockchain project Ark (ARK) designated one million ARK valued at roughly $150,000 toward its new development grants program on March 24.While the grant program was launched one week ago, Ark’s Strategic Partnerships Manager, Ray Alvarez, told Cointelegraph that it has already received proofs-of-concept from developers.The program exclusively funds “proposals involving technical deployments and usage of [the] ARK technology stack.”The applications include standalone applications and plugins, including development contributing to Ark’s decentralized private messaging application, desktop wallet, and transaction plugins.In addition to sparking development for specific applications, Alvarez states that

Coinbase Bootstraps USDC; Invests $1.1M in DeFi Products Uniswap and PoolTogether

Source Node: https://coinfomania.com/coinbase-invests-1-1m-usdc-uniswap-pooltogether/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-invests-1-1m-usdc-uniswap-pooltogether
Time Stamp: April 1, 2020 2:27 PM - Modified On: August 29, 2021 - Published By:
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 Leading US-based cryptocurrency exchange and wallet provider, Coinbase has announced that it has made a direct investment up to the tune of $1.1 million in two different Decentralized Finance (DeFi) products – Uniswap and PoolTogether.  According to the official announcement today, the funding was made via the exchange’s stablecoin, USD Coin (USDC) and it is part of Coinbase efforts to increase the projects’ chances of competing against other existing financial products.  Uniswap The Uniswap platform is an automated market maker built on the Ethereum blockchain that is currently simplifying exchanges’

Celo to Issue at Least $15.7 Mln in Community Grants During 2020

Source Node: https://cointelegraph.com/news/celo-to-issue-at-least-157-mln-in-community-grants-during-2020
Time Stamp: April 1, 2020 12:34 PM - Modified On: August 29, 2021 - Published By:
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Open-source payments network, Celo (cGLD), announced on March 31 that it had awarded $700,000 in developer grant funding to 16 startups looking to build on the Celo network. Cointelegraph spoke to Xochitl Cazador, the head of ecosystem growth at cLabs — the company behind Celo — to discuss what they look for from grant applicants, and Celo’s plans for 2020.Celo provides grant funding to 16 startupsCazador states that the most important criteria applicants are assessed on is whether they “support Celo’s mission of building an open financial system that creates conditions