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business news
New $50 Million Venture Fund Eyes Global Blockchain Adoption
A group of investors has launched a new blockchain-focused VC fund worth $50 million, aiming to bring the technology to the masses.

Bolt Labs Raises $1.5 Million Seed Round to Boost Lightning Privacy
With $1.5 million in seed funding secured, Bolt Labs wants to bring privacy features to the lightning network and other blockchain solutions.

Microsoft, Ethereum Group Launch Token-Building Kit for Enterprises
Microsoft and the Enterprise Ethereum Alliance have corralled major firms behind a new project to help businesses design and create tokens.

Accenture, Generali Streamline Employee Insurance Benefits With Blockchain Rollout
Accenture and Italian insurance group Generali have launched a blockchain solution that brings new efficiencies to employee benefits.

Gate.io Raises $64 Million for Launch of New Exchange Cryptocurrency
Crypto exchange Gate.io has raised $64 million in seven days for its exchange cryptocurrency that is yet to be launched on a blockchain.

Startup Arca Seeks SEC Approval for US Treasury Bond-Backed Stablecoin
Arca Investment Management is seeking approval from the SEC to sell a new type of stablecoin to retail investors.

Nestle, Carrefour Team Up to Feed Consumers Data With IBM Blockchain
Swiss food giant Nestle and French retailer Carrefour are now letting consumers access product data via IBM's Food Trust platform.

Digital Asset's Smart Contract Language Now Works on Hyperledger Blockchains
Digital Asset is integrating its smart contract language into the Hyperledger Sawtooth enterprise blockchain platform.

Sirin Labs Lays Off 25% of Staff Amid Poor Blockchain Phone Sales
Israel-based Sirin Labs has laid off a quarter of its workforce, saying sales of its Finney phone are lower than expected.

LedgerX Reveals Bid to Beat Bakkt to Physical Bitcoin Futures Launch
Crypto derivatives provider LedgerX plans to become the first U.S. firm to offer physically settled bitcoin futures contracts.
