• Market Cap: $266b

  • May 18, 2024

Fintech startups are on the rise. They use blockchain in some or the other way to solve day-to-day problems. Cryptocurrency startups are usually the ones that introduce their own cryptocurrency in the market with the help of ICOs or other funding options.

Xapo is Storing $10 Billion worth of Bitcoin Stored Behind Blast-Proof Vaults

Xapo is reportedly storing $10 Billion worth of Bitcoins in an underground network of blast-proof vaults, which is basically 7% of total Bitcoins in circulation!

Winklevoss Brothers Win Patent to Settle Crypto ETPs

Winklevoss IP, LLC has been granted a patent by the US Patent and Trademark Office which allows it to settle exchange-traded products (ETPs) on exchanges which have cryptocurrencies as their underlying.

Blockchain Tech to Help Maintain Hurricane-Torn Puerto Rico’s Electricity Supply!

Australian blockchain startup Power Ledger’s primary aim in Puerto Rico is to help raise funding which would help the country repair its damaged power grid.

China’s Bitcoin Mining Hardware Firm Canaan Creative To Launch $1 Bn IPO in Hong Kong

China’s second largest cryptocurrency mining hardware manufacturer Canaan Creative is all set to launch an IPO in Hong Kong. The company intends to raise $1 Bn.

BMW Makes Use of Crypto-Rewards System to Track Mileage over the Blockchain

BMW's Innovation Lab is working in association with cryptocurrency startup DOVU, using blockchain tech and crypto rewards to improve the tracking of mileage.

Bermuda Aims to Become the New Blockchain Hub

Bermuda government is working on establishing blockchain and cryptocurrency firms in the island.

Rising Costs of US Regulatory Demands Forces Cblocks to Relocate to Canada

Cryptocurrency Startup Cblocks has now announced that it would be relocating from Miami to Canada - citing rising costs of US Regulatory expenses. 

Vizag-Based Zebi Data India To Hire 900 Employees in Blockchain Development By 2022

Zebi Data India, which currently has 30 employees - has stated that they aim to expand to a team of 900 devs by 2022 - and target a revenue of $60 Million. 

Russia's Growing Influence on the Crypto-Markets

A look at how Russia is becoming a global powerhouse in the blockchain and cryptocurrency technology - thanks to a number of startups and government support.

Andreessen Horowitz To Start Off a New Cryptocurrency Investment Fund

Private American Venture Capital fund, Andreessen Horowitz, plans to launch a separate fund for exchanging crypto assets.