Subject: 🚀 Coinbase Raises $300 Million

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Coinbase Raises $300 Million in Series-E round

Coinbase, one of the most popular cryptocurrency exchange in the U.S., announced on Tuesday a massive Series E funding round that values the company at $8 billion.

The financing is being led by New York-based Tiger Global, and will be used to accelerate global expansion and the offering of more cryptocurrencies. Coinbase COO Assif Hirji said:

“We see hundreds of cryptocurrencies that could be added to our platform today and we will lay the groundwork to support thousands in the future,”

Microsoft looking to integrate its Azure Blockchain technology into stock exchange Nasdaq Inc.’s Financial Framework (NFF)

Within the collaboration, the parties will reportedly develop a “ledger agnostic blockchain capability” that will allow for operability across multiple ledgers. The new product will purportedly facilitate easier buyer and seller matching, management of delivery, and payment and settlement of transactions.

Tom Fay, Senior Vice President of Enterprise Architecture at Nasdaq, said:

“Our NFF integration with their blockchain services provides a layer of abstraction, making our offering ledger-agnostic, secure, highly scalable, and ultimately helps us continue to explore a much broader range of customer use cases for blockchain.”

Bank of America (BoA) has gained a private key storage filing patent

Specifically, the filing reads, current opportunities for ensuring private keys remain untampered with are insufficient.

The patent filing writes:

"There is an existing need for secure means for storing private cryptography keys. The desired storage means should reduce the risk of misappropriation of keys due to the keys being stored internally within a computing node that is frequently or, in some instances, continuously accessible via a public communication network, such as the Internet."

🐳 5 governments backing blockchain projects

1. United States
GSA’s Emerging Citizen Technology office launched the US Federal Blockchain program, allowing federal agencies and US businesses to further explore blockchain technology and its potential use cases within the US government.

2. Spain
Banco Bilbao Vizcaya Argentaria (BBVA), the 2nd largest bank in Spain is the first global bank to issue a 75 million euro loan using blockchain technology throughout the entire process. Spain government has also backed startup ventures such as Navibration that aims to create a social network of audio-guided tours.

3. China
Jiangbei new area in Nanjing city announced the plan to launch the 10 billion yuan (around $1.4 billion) blockchain fund to support the development of blockchain-focused enterprises. The municipal governments of Hangzhou and Shenzhen have both launched blockchain-dedicated funds of $1.6 billion and $80 million, respectively.

4. Japan
The Tokyo Metropolitan Government Accelerator Program started hosting the “Block Chain Business Camp Tokyo". The program is scheduled to last two months and is aimed at stimulating private innovation in the sector. The goal is to promote blockchain projects that have the potential to improve Tokyo residents’ quality of life. As well as those that will further the economic standing of the city in the blockchain sector.

5. Australia
Australia’s federal government has decided to invest A$2.2 million ($1.6 million) in a blockchain initiative as a way to make its key sugar production more competitive. Here are 10 blockchain companies in Australia that have raised millions of dollars in funding for their initiatives.

Source: Hackernoon
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