Valid Network announced today that it has raised an $8M seed round to enable companies to adopt and automatically protect blockchain technology with confidence. Founded by security veterans Kfir Nissan and Gilad Eisenberger, Valid Network's solution is protocol-agnostic and ensures compliance while dynamically detecting and preventing breaches and attacks. The company will use the funding to fuel further research and development of its solution and increase its engineering and research teams in Israel. Valid will also open an office in New York City, scaling business development and partnership efforts there.
Keevo, next gen crypto hardware wallet, today announced a strategic partnership with Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, to deliver advanced backup and beneficiary services for users of its next generation crypto wallet, the Keevo Model 1. This new partnership and service further Keevo's mission to provide security, simplicity, and privacy for users to manage their online identity and digital assets.
Elliptic, the global leader in cryptoasset risk management solutions, today launched support for privacy coins Zcash and ZEN, enabling crypto businesses to adopt these assets in a compliant way. Genesis, an industry pioneer and leader in digital currency trading and lending will be using Elliptic's transaction and wallet monitoring solutions to detect and prevent illicit activity in Zcash and ZEN.
Ideanomics is pleased to announce that its Mobile Energy Global (MEG) subsidiary, Qingdao Ai Neng Ju New Energy Sales Company Ltd, based at its Qingdao EV hub has completed its order for Tianjin Zhongcheng Jiaye Automobile Trading Co., Ltd. (Tianjin Zhongcheng), which was recently announced on June 19, 2020. In addition to the physical vehicle delivery, the financing, licensing, insurance, and vehicle registration plate administration are all complete. This allows for the issuance of PRC tax invoices, which can only be issued when an order is complete in its entirety. MEG has issued a tax invoice to Tianjin Zhongcheng finalizing the completion of this order.
TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ | OTC:SQRMF) ("TAAL" or the "Company"), a vertically integrated, blockchain infrastructure and service provider, enabling customized solutions to enterprise clients, today announces data size upgrade to 10MB.
L3COS, the only known blockchain platform for the regulated digitalization of economies, today submitted its proposal to the Bank of England to build the world's first regulated blockchain-based operating system. The Bank of England is one of several sovereign authorities, including the US Treasury, which have begun the process of investigating the application of regulated blockchain technologies. These will provide these institutions with fast, secure and transparent means of payment as well as efficiencies of administration.
OKEx, the world's largest cryptocurrency spot and derivatives exchange, announces that OKB Blockchain Foundation, the issuer of OKB, has launched its eighth and largest buy-back and burn of OKB tokens. From the period between March 1 and May 31, a total of 3,509,874.52 OKB was bought back and burned (equivalent to USD $19,000,000, as per OKB price on June 2, 2020). This represents a $1 million increase from the previous period.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq-listed cryptocurrency mining companies in the United States, has purchased an additional 1,000 next-generation Bitmain S19 Pro (110 TH) Antminers for USD $2.3 million from BitmainTech PTE. LTD. ("Bitmain"). This purchase was funded using available working capital and Riot has no long-term debt.
Sensorium Corporation, the global virtual reality media platform, is announcing its membership in the Global Blockchain Business Council (GBBC), the leading global industry association for the blockchain technology ecosystem. The move is designed to underpin and bolster Sensorium's use of blockchain and contribute to GBBC's work in the virtual reality and entertainment industries.
The U.S. Department of Defense (DOD) accounts for nearly 40 percent of all federal research and development (R&D) appropriations and through the Defense Technical Information Center, managing and providing oversight for an estimated 4.5 million documents for 4,000 users. Seeking to improve the integration, security, auditability, and controlled access of this critical data, the DOD has awarded a Small Business Innovation Research (SBIR) Phase I contract of $200,000 to SIMBA Chain to architect a single, proof-of-concept blockchain-based system to achieve these objectives.