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Funding
Blockchain Insurance Consortium B3i Quietly Raises $16 Million
B3i, a blockchain startup owned by some of the world's top insurance firms, raised $16 million last month, Swiss records show.

University of Michigan Considers Further Investment in A16z's Crypto Fund
The University of Michigan, which has an endowment valued at about $12 billion, may further invest in Andreessen Horowitz’s crypto fund.

Galaxy Digital Backs $15 Million Raise for Crypto Analytics Firm CipherTrace
Blockchain and crypto security firm CipherTrace has raised $15 million in funding from investors including Mike Novogratz's Galaxy Digital.

Goldman Sachs Veterans Raise $3 Million to Fight Crypto Manipulation
A U.S.-based crypto market surveillance startup led by former Goldman Sachs fintech engineers has raised $3 million in seed funding.

NEM Foundation, Nearly Broke, Plans Layoffs and Pivot
The leading non-profit behind the NEM blockchain is seeking $7.5 million in emergency funding to keep the lights on.

Morgan Creek Digital Joins $3.1 Million Round for Tokenized Real-Estate Firm
Digital assets manager Morgan Creek Digital has backed a $3.1 million seed round for tokenized real-estate startup RealBlocks.

Ripple Partners With Chinese University for Blockchain Research Program
Ripple has teamed up with a top Chinese university for a research program focused on blockchain regulation and development.

OECD: ICOs Have Financing Benefits But Aren't a Mainstream Option
The Organization for Economic Cooperation and Development thinks ICOs may be a beneficial fundraising tool, but not yet for "mainstream" firms.

US Department of Energy to Fund Blockchain Research Projects
The U.S. Department of Energy is offering funding of up to $4.8 million for fossil energy research, including blockchain applications.

Ethereum Foundation Grants $5 Million to Parity Technologies
The Ethereum Foundation has awarded a grant of $5 million to Parity Technologies to support its work on ethereum 2.0.
