Blockchain Mortgage Tech Startup Acre Software Raises $6.5 Mln From UK Financial Advisor

United Kingdom startup Acre Software raised about $6.5 million to apply blockchain technology to the mortgage and insurance application process for advisers, a press release published on April 4 states. Per the release, nearly three-quarters of UK mortgages are facilitated by advisers, and the company aims to help them retain their position by matching the …

Ripple Co-Founder Gives $25 Million Donation in XRP to San Francisco University

Chris Larsen, co-founder of San Francisco-based technology company Ripple, and his wife Lyna Lam have donated $25 million in XRP to a university in California, according to an official announcement on April 5. Larsen and Lam contributed $25 million worth of XRP tokens to San Francisco State University’s (SFSU) College of Business through RippleWorks, a …

Blockchain Insurance Initiative B3i Expands Its Group of Investors

Swiss blockchain-based insurance transaction platform B3i has expanded its group of investors in its ongoing funding round, according to a press release published on April 3. Per the release, B3i has added three new insurer and reinsurers to participate in the company’s current funding round. B3i notes in the announcement that the first phase of …

Coinbase Makes LinkedIn’s ‘Top Companies 2019’ List as Lone Crypto Firm

United States cryptocurrency exchange Coinbase has become the only cryptocurrency business to make it into LinkedIn’s list of the most popular companies for 2019, results confirmed on April 3. The yearly rundown, which ranks company popularity among employees, placed Coinbase at 35 out of a total of 50 shortlisted. LinkedIn ranks contenders according to interest …

Lucid Sight Raises $6 Million to Bring Its DLT-Powered Games to Traditional Platforms

Blockchain games developer Lucid Sight has raised $6 million to expand its digital scarcity-powered games to traditional game platforms, tech news website VentureBeat reports April 2. Los Angeles-based Lucid Sight now has $11 million in funding to expand offerings of its digital ownership games company by bridging the gap between blockchain and traditional gaming. Leading …

61% of Major Global Digital Firms Invest in Blockchain, Report Finds

61 percent of high-profile digital companies worldwide are investing in blockchain, according to a report by identity management firm Okta shared with Cointelegraph on April 2. San Francisco-based enterprise identity provider Okta has released a survey on new trends in technological developments and business opportunities of the world’s largest companies. In its first “Digital Enterprise …

Coinbase Reveals Hot Wallet Coverage Up to $225 Mln Via Lloyd’s of London Broker

Major American cryptocurrency exchange Coinbase has revealed details of its insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via a Lloyd’s of London-registered broker. The details were disclosed in an official blog post from Coinbase’s Chief Information Security Officer (CISO) Philip Martin on April 2. According to Martin, Coinbase …

Why Binance, the World’s Biggest Crypto Exchange, Is Enthusiastic About Stablecoins

Binance has unveiled a series of new products and features relating to stablecoins — with the world’s largest cryptocurrency exchange describing these digital assets as “an efficient fiat gateway into crypto.” Stablecoins are often pegged with a fiat currency, meaning one unit can equate directly to 1 euro or $1. With new coins emerging all …

Report: China Leading World in Blockchain Projects

China is reportedly leading the world in the number of blockchain projects currently underway in the country, Chinese English-language news daily China.org.cn reports on April 2. Citing a report by Blockdata, China.org.cn states that there are 263 blockchain-related projects in China, accounting for 25 percent of the global total. Li Qilei, the CTO at blockchain …