Crypto-Friendly Browser Brave Hits 8 Million Monthly Active Users

Cryptocurrency-powered web browser Brave announced on Oct. 16 that it reached 8 million monthly active users. Furthermore, daily active users stand at over 2.8 million and the number of creators subscribed to its web advertisement network also reportedly substantially increased.  There are also over 290,000 Brave Verified Publishers who subscribed to the advertisement platform powered by Brave’s Basic Attention Tokens (BAT). The composition of those publishers is the following: “200,000 of those are YouTube creators, 33,000 are website publishers or creators, 15,000 are Twitch streamers, and since we announced our…

South Korean Blockchain ID Service Raises $8 Million in Series A

ICONLOOP, a South Korean blockchain startup that provides digital identification services, received its first venture capital investment through an $8 million Series A funding round, the company said. ICONLOOP is a subsidiary of DAYLI Financial Group, one of the largest fintech companies in Asia. The financing round was led by the quasi-government agency Korea Technology Finance Corporation (KOTEC). Another six investment companies, including T.S. Investment, also backed ICONLOOP in this round. Proceeds will be used to launch its digital identification service “my-ID” and expand a group of expected clients called my-ID…

Why French Lender SocGen Issued a $110 Million Ethereum Bond to Itself

Six months after Societe Generale issued its first bond on a public blockchain, it has yet to offer the instrument to clients or to make use of the full capabilities of the smart contract mediating the sale.  But the French financial institution insists that it hasn’t forgotten about the €100 million (roughly $110 million) bond, which it sold to itself, and that it remains interested in trialing blockchain technology in the long term.  “Our intention is to not resell this at this point in time,” said Jean-Marc Stenger, CEO of…

‘Teenage Bitcoin Millionaire’ Co-Founds $1 Million Investment Fund for Crypto Startups

The leaders of crypto payment app Metal Pay, Marshall Hayner and Erik Finman, are launching an investment fund. Dubbed Metal VC, the $1 million dollar fund will focus on micro and angel investments, primarily in early-stage companies involved in banking and decentralized finance. The fund will allow the startup to align with partners as it expands globally, according to Metal CEO Hayner. The Metal subsidiary closed its first deal last month, with an undisclosed stake in the Binance-backed startup Yellow Card, which provides a cash-to-crypto on-ramp for emerging markets. A…

State-Owned French Bank Joins Bitcoin Startup’s $8 Million Series A

“We’re convinced that bitcoin is becoming more and more obvious.” That’s not typically what one might expect to hear from a veteran banker at a public institution. But Veronique Jacq of the partially state-owned French investment bank Bpifrance told CoinDesk bitcoin is becoming a staple of the global economy. That’s why Bpifrance just made its first investment in a crypto startup, because the bank wants to play an active role in building bitcoin’s infrastructure. The lightning-focused startup ACINQ raised an $8 million Series A led by Idinvest Partners, with the…

Widow of QuadrigaCX Founder Hands Over $9 Million in Assets to Users

The widow of QuadrigaCX founder Gerald Cotten, Jennifer Robertson, is handing over $9 million in assets to the users of the now-defunct crypto exchange. Robertson returns most of her assets On Oct. 7, Jennifer Robertson announced in a personal statement, posted by Coindesk, that she would be transferring the vast majority of estate assets — previously valued around $9 million — to EY Canada. The Big Four audit firm acted as the bankruptcy trustee of QuadrigaCX during its insolvency hearings. Robertson stated: “I have now entered into a voluntary settlement agreement where the vast…

QuadrigaCX Founder’s Widow Will Cough Up $9 Million to Repay Users

Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, is transferring nearly $9 million ($12 million CAD) in assets to EY Canada, the bankruptcy trustee for the now-defunct crypto exchange. Robertson announced the move in a statement on Monday, saying since her husband’s death late last year, she had “made every effort” to assist in the recovery of QuadrigaCX’s assets.  The exchange folded earlier this year, after Robertson and other Quadriga-affiliated entities realized they did not have access to the company’s cold wallets, and therefore could not access any of…

Polychain, Bitmain Back $10.7 Million SAFT for Encryption Startup NuCypher

NuCypher, an encryption startup, has raised $10.7 million in a simple agreement for future tokens (SAFT) led by Polychain Capital. Marking the occasion, the company launched its public testnet. NuCypher’s particular product is based on proxy re-encryption, which allows files to be encrypted to lots of people and for administrators to grant and revoke access based on certain conditions. The company dates back to 2015, but it began looking at tokens as a way to decentralize its infrastructure in 2017. CoinDesk covered NuCypher as one of the buzzy initial coin offerings…

Blockchain Firm Secures $5 Million From Investment Company Cosimo

Oneiro, a blockchain solution company, secured a $5 million investment from Cosimo Ventures. Total investment of $8 million In an Oct. 3 press release, Boston-based provider of high-performance blockchain solutions Oneiro announced that it had secured a $5 million investment from Cosimo Ventures in a Series A funding round. Cosimo Ventures is an investment firm involved in sectors including blockchain, cryptocurrencies and the Internet of Things. Oneiro’s latest funding round brings the company’s total venture capital investment to $8 million. The company wrote that it plans to use those funds…

Pantera Leads $5 Million Round for Decentralized Derivatives Market

A protocol built to put financial middlemen out of business has secured a $5 million seed round led by Pantera Capital. The Vega Protocol aims to make it feasible for people anywhere in the world to spin up markets for derivatives (futures, swaps, options, etc.) that can interact with each other and abide by relevant regulations. Other key investors joined the round, including Ripple’s Xpring, Hashed and KR1. Participants purchased an as-yet-unnamed ERC-20 token that will manage staking and governance services on the blockchain, according to Vega CEO Barney Mannerings.…