Week Ending 12.09.18
BLOCKCHAIN CHALLENGES REQUIRE OLD FASHIONED APPROACH
COINSQUARE ACQUIRES MOBILE WALLET FIRM
INTERNET OF THINGS CEO STEPS DOWN
AND MORE ↓
EYE ON A.I. GETS READERS UP TO DATE ON THE LATEST FUNDING NEWS AND RELATED ISSUES. SUBSCRIBE FOR THE WEEKLY NEWSLETTER.
OUR LATEST EYE ON BLOCKCHAIN CONTENT
Eye on Blockchain caught up with Sullivan & Worcester Chair of Fintech and Blockchain Practice Joel Telpner and discussed the cryptocurrency world and legal practice around it. Read our entire interview here.
MERGERS AND ACQUISITIONS
Coinsquare, the Toronto, Canada-based cryptocurrency trading platform, said it acquired BlockEQ, which operates a mobile wallet.
No blockchain related deals we are tracking were filed this week.
GrainChain, the Mcallen, Texas-based blockchain payments company focused on agriculture, said it raised USD 2.5m from Medici Ventures, the venture capital unit of Overstock.com, the online discount retailer focused on blockchain investments.
Storecoin, the San Francisco, California-based blockchain payments company, said AlphaBit Digital Currency Fund and Data Collective Managing Partner Matt Ocko have made an unspecified investment in the firm.
LEGAL & REGULATORY
US Securities and Exchange Commission Chairman Jay Clayton expects more blockchain regulation in 2019. Read his prepared comments here.
His colleague Steven Peikin, co-director of the division of enforcement, recaps the SEC view on the blockchain industry as it developed in 2018 here.
Bitmain, the Beijing, China-based cryptocurrency mining equipment maker, was sued by United American, a blockchain company which alleges the company and others tried to take control of the Bitcoin Cash network.
In June Bitmain co-founder Wu Jihan told Bloomberg the company was considering going public in Hong Kong or overseas market. The company has since made a string of investments including seeding Dragonfly Capital Partners’ USD 100m cryptocurrency fund and Sinagpore-based blockchain data storage company Lamda.
Internet of Things, the Toronto, Canada-based investment firm, said it hired Ron Shuttleworth as CEO to replace Michael Frank, who is stepping down to pursue other business opportunities. The firm is focused on investments in IoT, AI and blockchain.
True Nature, the Atlanta, Georgia-based company developing healthcare software, said it hired Mark Williams as chief revenue officer. He is the founder of Artistry Consulting, which is focused on the healthcare industry, and a former Microsoft executive.
In October the company brought James Crone in as president. He was a partner at Ames Scullin O’Haire, the advertising agency.
The same month it said it was acquiring Singularis Health, the healthcare app developer, for USD 80,000 in cash and 800,000 shares. In September it said it was acquiring ClariCare, a software developer for dental practices, for about USD 3m. In August, True Nature filed a shelf for a USD 6m equity financing with GHS Investments. The products the company develops may carry blockchain encryption.
Filament, the Reno, Nevada-based blockchain firm, said it hired former NTT executive Jaime Chambron as executive vice president of professional services, Frank Friesacher as executive vice president of product and Scott Ward as executive vice president of sales. It also promoted Bud Raymor to executive vice president of operations.
No data sets we are tracking were released