Overall amount of declared investment in bitcoin and blockchain startups comprised $42,63 million in January 2017, most of which accrues to blockchain infrastructure provider BitBury.
This year, Ethereum has been one of the most talked-about cryptocurrencies. The year 2016 started with a series of wins for the ambitious project, yet shortly afterwards it faced a series of problems. However, notwithstanding the hardfork after The DAO’s collapse, and the subsequent emergence of Ethereum Classic, many experts.
Venture fund Life.Sreda has recently launched a project dubbed Banking on Blockchain Fund (BB Find) to attract investments to blockchain-related startups. According to BB Fund’s managers, the fund will give grants to blockchain projects focused on banking.
One of bitcoin industry’s leading investment companies Digital Currency Group has announced it raised funds from Western Union, and simultaneously announced it hired Larry Summers, former U.S. Treasury Secretary, and bitcoin developer Gavin Andresen as advisors.
One of the world’s leading bitcoin exchanges Kraken has announced it raised significant funds during Series B investment round from a Japan-based currency brokerage company Money Partners Group. Parties did not disclose details of the deal, so the exact amount of the investment is unknown. Kraken’s CEO Jesse Powell said.
We hear about Bitcoin investment every now and then. The theme is burning for both global investment funds (Nasdaq, American Express, Goldman Sachs) and regular entrepreneurs. Following the successful crowdfunding campaign of Bitcoin exchange KUNA in Ukraine, which was financed solely in bitcoins, the actuality of this kind of investment.
Contrary to numerous predictions and announcements of bitcoin and related technologies being bleeding demised, recent reports depict a picture of increasing and, at times, overwhelming interest and support from financial industry. Thus, according to the report compiled by FTI Consulting, 70% of surveyed financial institutions believe that the blockchain technology.
United Nations Children’s Fund (UNICEF) announced a program to support technology startups. Under the program, the fund may invest in blockchain-related startups and initiatives.