EcoCoin Founder’s $1.9 Billion Uber Fortune Now Bigger than Travis Kalanick’s Stake

Travis Kalanick now has fewer Uber shares than his fellow co-founder, Garrett Camp. Camp is expected to launch his Eco cryptocurrency beginning mid next year. Uber’s chair of its board is, however, playing contrarian with the stock. Since the expiry of the lockup period last week, former Uber (NYSE: UBER) CEO Travis Kalanick has received…

Continue Reading



Leading Japanese Firms Partner on Security Token Research

Mitsubishi UFJ Financial Group – Japan’s largest financial group and the fifth largest bank in the world by assets – is leading a 22-member research consortium to develop standards around security token management. The group – the Security Token Research Consortium – includes security issuers, broker dealers and technology companies, such as NTT Docomo Inc.…

Continue Reading



Huobi Cloud to Offer White-Label Exchange Services in Middle East, Africa

Huobi Cloud, part of the crypto exchange Huobi Group, has announced its plan to provide more local financial institutions with white-label exchange services based on cloud technology in the Middle East and Africa. Existing institutions include the Nigeria-based SaBi exchange, with about $100,000 worth of daily crypto trading volume, and the South African exchange HIZA,…

Continue Reading



BA-Backed Firm Raises $5 Million to Put Airline Security on a Blockchain

Blockchain firm Zamna has raised $5 million in a seed funding round led by VC firms LocalGlobe and Oxford Capital for the continued development of its airport security system. Formerly known as VChain Technology, Zamna’s round was joined by International Airlines Group (IAG), the parent firm of British Airways. IAG is an existing investor and now…

Continue Reading



US Financial Regulators Join UK FCA’s ‘Global Sandbox’

Four U.S. regulators joined the Global Financial Innovation Network, an international alliance of government regulators led by the UK’s Financial Conduct Authority seeking to bolster the future of fintech. The Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation…

Continue Reading



Pension Funds Put $50 Million Into Morgan Creek’s New Blockchain Fund

Morgan Creek Digital has raised the first $60.9 million tranche of its $250 million target for its second venture capital fund. Morgan Creek revealed exclusively to CoinDesk that the same institutions from the first fund, including two public pension funds, have increased their investments in the second by more than twofold. Together, Fairfax County’s Virginia’s…

Continue Reading