Week Ending 08.03.2018

 

“THE PERFECT EPITOME OF WHAT WE LOOK FOR IN A GREAT COMPANY”

BINANCE ACQUIRES TRUST WALLET AND MORE ↓

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MERGERS AND ACQUISITIONS

Binance, the Malta-based cryptocurrency trading platform, said it acquired Trust Wallet, the cryptocurrency payments platform. Terms weren’t disclosed.


FILINGS

PeerStream, the New York City-based blockchain services firm, refiled for a Nasdaq uplist. Shareholders, which include a J. Crew trust fund and co-founder Clifford Lerner, plan to raise an unspecified amount from the sale of shares they hold in the company. Lerner resigned in June. The company changed its name in March and was previously known as Snap Interactive.

SharedLabs, the Jacksonville, Florida-based information technology company, refiled for a USD 32.5m initial public offering it had originally filed in May. The company provides artificial intelligence and blockchain consulting and services.


FUNDING

Hedera Hashgraph, the Dallas, Texas-based secure blockchain application platform, said it is raising another USD 20m through a public crowd sale after it raised USD 100m from institutional investors and employees.

InfluenceMine, the Bend, Oregon-based cryptocurrency mining company, hired Boustead Securities to arrange a USD 25m security token offering. 

Radar Relay, the Fort Collins, Colorado-based cryptocurrency exchange services firm, said it raised USD 10m in a funding round led by Blockchain Capital.

Splice, the Singapore-based media company, and US blockchain-based journalism outfit Civil are kicking off a USD 1m fund to seed journalism projects in Asia. Civil plans to launch a reportedly USD 35m ICO on August 13.

OpenFinance Network, the Chicago, Illinois-based cryptocurrency trading platform, said it took an investment of unspecified size from Morgan Creek Digital, the crypto-asset manager for institutional investors. 

Other deals included Net Element, Infrax and ThreeD Capital

And a feature on why energy companies are looking beyond initial coin offerings, from GTM.


LEGAL & REGULATORY

Potential G20 regulation guidelines may benefit the blockchain industry, according to an opinion piece written by Jonathan Padilla in Coindesk

The US Securities and Exchange Commission said it is planning a roundtable in the fall to discuss proxy shareholder issues that include the role of blockchain. Bloomberg profiled the SEC’s new crypto-head here.

Mexico plans to run a public tender later this month  blockchain in the hopes of reducing corruption, according to a Bitrate report.


PEOPLE

AlphaPoint, the New York City-based blockchain services firm, said it has brought in Fisher Cataliotti partner Katya Fisher to the board of directors. The law firm is focused on blockchain, cybersecurity, cryptocurrency and artificial intelligence.

AlphaPoint, which is developing corporate auditing software, hired Kristin Boggiano as chief legal officer last week. She was most recently senior regulatory counsel at Guggenheim Asset Management.

In June, the company hired former Nasdaq executive Michael Schmidt as chief human resources officer and raised USD 15m in a Series A from Galaxy Digital Ventures.

BTL, the Vancouver, Canada-based blockchain application platform, said co-founder Guy Halford-Thompson resigned from the board to focus on other ventures

WorkChain.io, the San Francisco, California-based payroll company using blockchain, said it hired Humanity.com founder Ryan Fyfe as CEO

AXEL, the Las Vegas, Nevada-based file sharing company, said it hired Michael Conn as chief strategy officer to develop a blockchain platform. Conn was the co-founder and CEO of Ether Capital and has also worked at AllianceBernstein.

Blockchain, the Luxembourg-based cryptocurrency trading and payments platform, said it hired Jamie Selway as head of institutional markets. Selway joins from broker-dealer Investment Technology Group.

Thin Film Electronics, the Oslo, Norway-based mobile telecommunications and blockchain services company, said it hired Giampaolo Marino as executive vice-president hardware solutions. Marino was previously a general manager at NXP Semiconductors

In July, the company hired Poorab Shah as executive vice-president software from AdBlock where he was chief technology officer. Christian Delay, who held the EVP software position, was promoted to chief commercial officer.

OpenFinance Network, the Chicago, Illinois-based cryptocurrency trading platform, said it hired SC Investments Principal Jim Stonebridge as COO. The company also added Morgan Creek Digital’s Anthony Pompliano to the advisory board after it took an investment of unspecified size from the crypto-asset manager.

Coinbase, the San Francisco, California-based cryptocurrency trading platform, said it hired Jeff Horowitz as chief compliance officer. Horowitz was head of compliance at Pershing, a unit of custody, clearing and settlement firm BNY Mellon. He has also worked at Goldman Sachs and Citigroup.

Other hires included Global Payout, Slync, Data443 Risk Mitigation and AXS Blockchain Solutions


DATA

US Investors poured more money into blockchain in the first half of 2018 than the entire amount invested in full-year 2017, according to a report from KPMG, the consultancy


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