A startup looking to build a credit scoring protocol on top of the recently-launched Ontology blockchain has raised $8 million in seed funding. POINTS, founded in 2017, said it drew funding from a mix of traditional venture capitalists including Danhua Capital and Ceyuan Ventures, a backer of OKCoin. Other...
Ethereum's most polarizing debate is back – and, arguably, as complex as ever. Largely undiscussed since April, the question of whether the world's second-largest blockchain would consider a system-wide software upgrade as a way to return $239 million lost due to a mishap at a major startup resurfaced with a...
South Korea’s Yeongdeungpo-gu district has established a "Proposal Evaluation System" based on blockchain to improve the fairness and integrity of administrative procedures, according to a July 19 governmental press release. Yeongdeungpo-gu, an administrative district in southwest Seoul, will implement a smart administration through new technologies with the blockchain-based...
Legendary musician Peter Gabriel is backing UK-based blockchain startup Provenance, though the full amount of Gabriel's investment has yet to be disclosed. Gabriel, formerly the lead singer of rock band Genesis, invested in Provenance along with Working Capital Fund, Digital Currency Group, Merian Ventures and Plug and Play, according to...
The South Korean government has announced a plan to revise the current tax rules to widen benefits for companies that focus on the development of nascent technologies, including blockchain, as part of the country's push for innovation growth. Announced Wednesday, after a meeting of ministers from eight government agencies working...
Crypto exchange and wallet Coinbase has retracted its previous statement that it received approval from the U.S. Securities and Exchange Commission (SEC) to trade in securities, Bloomberg reports July 18. Last week, Coinbase reported that it could now operate as a broker dealer, offering digital tokens considered to...
"I never thought we'd get it." That's Vinny Lingham, co-founder and CEO of the blockchain identity startup Civic, talking about the company's acquisition of "Identity.com" – a fitting web domain for a company built around the idea of putting personally identifiable data in the control of its owners. To that...
Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments. The firm said in a company notice that it had teamed up with Aozora Bank Group on the joint enterprise and that the two firms had been preparing...
U.S.-based trading company Robinhood has added support for Dogecoin (DOGE) on its Robinhood Crypto platform, according to a blog post published July 16. DOGE is a peer-to-peer digital currency started as a parody on a dog meme based on a real Japanese Shiba Inu named Kabosu. DOGE...
Prediction platform Augur is fast attracting fans, at least if new data is any indication. Revealed exclusively to CoinDesk, figures from Predictions.Global, a website that allows users to view Augur markets without installing the app, show the platform saw a spike in "open interest" from Sunday to Monday. A metric...