Google, Citi Bank, and Goldman Sachs Among Most Active Blockchain Investors – Cryptovest

A CB Insights report says that Google and Goldman Sachs are among the most active investors in blockchain companies. The list includes others like SBI Holdings and Citi Bank.

By Anatol Antonovici    October 18, 2017

A CB Insights report shows that Goldman Sachs, Citi Bank and Google are among the biggest investors in blockchain related companies and projects. Year to date, corporations around the world have been involved in 42 equity investment agreements, with the cumulative amount of the deals reaching $327 million, which is slightly below the $390 million recorded in 2016.

More at: Google, Citi Bank, and Goldman Sachs Among Most Active Blockchain Investors – Cryptovest


Report: Initial Coin Offerings have raised Over $2 Billion in 2017 as More VCs Invest – Crowdfund Insider

By JD ALois October 17, 2017
CBInsights is out with an interesting report on Blockchain and associated trends which tackles the booming Initial Coin Offering (ICO) market.  According to the report, ICOs have raised more than $2 billion in 2017 and the upward trajectory shows no signs of slowing as long as regulators don’t hit the breaks too hard. The authors report that on a quarterly basis, total funds raised by ICOs surpassed total funds raised via traditional equity financing for the first time in Q2’17.

More at: Report: Initial Coin Offerings have raised Over $2 Billion in 2017 as More VCs Invest – Crowdfund Insider

Telecom Company Adopts Blockchain Solution to Revolutionize African Nation’s Economy – CryptoCoinsNews

by Tom Clancy    October 13, 2017

Technological advancement has elevated the internet as one of the most important elements in human existence as far as the 21st century is concerned.

Almost every aspect of national development is dependent on one area of the internet or the other. This includes aspects such as education, politics, internal and external security, innovation and several other areas.

High-speed internet is crucial for development of West Africa

In recent times, there has been a substantive correlation between the industrial and economic growth of nations and their respective advancements within the cyber space.

Over the last decade, the number of people connected to the Internet worldwide has grown rapidly, rising from 910 million in 2004 to nearly 3.8 billion in 2017. Even though this exponential increase is predominant in the developed nations, the advent of smartphones has encouraged internet use in developing countries as well.

Guinea Bissau is known as one of the countries that is ripe for technological innovation. This is reflected by the welcoming approach exhibited by the government of the day who have created a more investment friendly environment, setting the pace for unlimited opportunities especially in the areas of technology.

With the encroachment of telecommunication companies like MTN and Orange, there is warm reception of modern technology which Internet service providing company, Cajutel is poised to explore.

More at: Telecom Company Adopts Blockchain Solution to Revolutionize African Nation’s Economy – CryptoCoinsNews

Introducing the new celebrity accessory: bitcoin-style cryptocurrencies – The Guardian

By Alex Hern    October 9, 2017

Wu-Tang Clan’s Ghostface Killah becomes latest public figure to gamble on initial coin offerings to generate serious money

Forget a Gucci handbag, massive sunglasses or a teacup Chihuahua – the must-have celebrity accessory for 2017 is a cryptocurrency endorsement deal.

So much money is floating around the sector that companies will pay almost anything to attract attention to their fundraising rounds – called “initial coin offerings”, in a legally questionable analogy to initial public offerings for tech startups.

More at: Introducing the new celebrity accessory: bitcoin-style cryptocurrencies – The Guardian

$500 Million: tZERO ICO Will ‘Raise a Fortune’, Predicts Patrick Byrne – CryptoCoinsNews

By Josiah Wilmoth    October 8, 2017

Overstock CEO Patrick Byrne confirmed that SEC-compliant token exchange and marketplace tZERO will hold an initial coin offering (ICO) by Thanksgiving. Byrne predicts the tZERO ICO could “easily” raise as much as $200 million to $500 million, potentially breaking the record for token sale fundraising.

Last month, Overstock made waves by announcing that tZERO, one of the online retailer’s blockchain subsidiaries, had entered into a joint venture with RenGen and the Argon Group to develop the first FINRA- and SEC-compliant ICO marketplace. Overstock’s share price soared following the announcement, and Overstock CEO Patrick Byrne says his phone began ringing off the hook with people clamoring to invest upwards of $20 million in the tZERO ICO — which Overstock had not even officially announced.

Now, Byrne has confirmed the rumors: there will be a tZERO ICO. Although the token exchange will comply with securities regulations, Byrne bills the platform’s native token as a utility coin that customers will use to pay for access to the platform. He compares the token to gas fees users pay to run Ethereum smart contracts.

He told the International Business Times that the tZERO ICO will open before Thanksgiving.

“So in about six weeks you will see us do an ICO token to use the exchange and our system will become live, handling ICOs,” he told the publication. “All [the platform’s services] are going to take fuel to actually use them so what we are doing is pre selling the fuel.”

More at: $500 Million: tZERO ICO Will ‘Raise a Fortune’, Predicts Patrick Byrne – CryptoCoinsNews

East Williamsburg crypto exchange raises $20 million in pre-sale of tokens – Brooklyn

By Tyler Woods    October 5, 2017

An irony of the crypto world is that the buying and selling of cryptocurrencies is still done through “centralized” private companies, such as CoinDesk, rather than being themselves distributed, decentralized contracts.

But a new company coming out of the ConsenSys family of East Williamsburg blockchain startups is looking to change that, and has raised quite a bit of money to that end. Startup AirSwap intends to build a decentralized crypto exchange that’s entirely peer-to-peer and doesn’t take commissions on trades.

In a world where centralized exchanges, such as Mt. Gox, most famously, have been hacked and money lost, a decentralized market that no one owns is apparently appealing, as the startup has already sold more than $20 million before even its public offering of tokens.

“This represents a sea change in how various kinds of exchange will operate in the future,” ConsenSys founder and cocreator of the Ethereum blockchain Joseph Lubin said in a release. (Lubin is also an advisor to AirSwap.) “Swap is putting systems in place for near term exchange use cases and creating the foundation for moving all token exchange activity to a more sound and fully trustworthy infrastructure.”

More at: East Williamsburg crypto exchange raises $20 million in pre-sale of tokens – Brooklyn

What Is the Tulip ICO? – The Merkle

By JP Buntinx    October 5, 2017

Self-professed financial experts often refer to the Bitcoin price momentum as “tulip mania”. After all, they hope to see this bubble burst before it can put them out of a job. Bitcoin and altcoins are not in a bubble, though, and they aren’t going away anytime soon either. The Tulip is an upcoming ICO which seemingly aims to poke fun at these experts for not realizing how things are evolving right now.


While it is true the current Initial Coin Offering craze is eerily similar to the tulip mania of the seventeenth century, it remains to be seen how things will play out. The tulip market eventually crashed and the product became virtually worthless. The same may eventually happen to a lot of ICO projects, as very few of them will actually succeed in delivering on their initial promise. All the money in the world couldn’t change that fact, nor should it.

One project focusing on tulips is none other than The Tulip ICO. Given all of the remarks by financial “experts” on how cryptocurrency and ICOs are two tulip markets waiting to pop, it was only a matter of time before someone created an ICO project known as The Tulip. Its website sure looks professional and may even persuade some people to invest. Very few individuals conduct their due diligence when looking at initial coin offerings, after all.

What The Tulip offers is not something we haven’t seen or heard before. In fact, it is by far one of the more comical ICOs we have come across in a while. The project describes itself as “blurring the lines between art, technology, and human psychology.” It’s got an artistic touch, but we all know none of this need be taken seriously whatsoever. Indeed, it is a project designed to illustrate a point and scoff at the self-professed experts who think they know it all.

More at: What Is the Tulip ICO? – The Merkle