In addition to Bitcoin and Unicorn India Ventures, we also have updates from Beowulf and Moneythor
Bitcoin drops more than 10 per cent as cryptocurrency scrutiny continues – Reuters
Bitcoin slumped more than 10 per cent over the weekend as fears of cryptocurrency crackdown grew, Reuters reported.
Bitcoin fell 11.1 per cent from Friday to US$9,855 early on Monday. This figure is its lowest since July 2.
The drop is related to mounting scrutiny against Facebook’s upcoming Libra coin, which has been raising concerns from politicians and financial regulators across the world.
The concerns against the cryptocurrency range from consumer protection and privacy to potential systemic risks, given Facebook’s global reach.
Unicorn India Ventures launches second equity fund – Press Release
Mumbai-based venture capital fund Unicorn India Ventures announced the launch of its second equity fund for early stage startups.
The fund size is INR400 crore (US$58 million) and the first close is expected at INR150 crore (US$21 million) by the end-of-year.
It will look to invest in Pre-Series A and Series A funding rounds in sectors such as B2B, SaaS, fintech, healthtech, robotics, gaming, and digital content.
Also Read: eToro aims to make buying Bitcoin as easy as buying an Apple share
Mars Blockchain, Consentium invest in Beowulf – Deal Street Asia
Singapore-developed chat app Consentium and price-stable digital currency Mars Blockchain announced a seven-digit US Dollar investment into Beowulf, a decentralised cloud network for telecommunications, Deal Street Asia reported.
Beowulf is a platform that enables businesses to provide communication features without the typical barriers associated with call centres.
The company recently announced the launch of QUICKOM, a customisable and private QR code-based call service.
Moneythor opens office in Japan – Press Release
Digital banking solutions provider Moneythor today announced the opening of its newest office in Tokyo, Japan.
The Japanese subsidiary has been opened in response to rising needs in the country for digital banking
solutions.
“The Japanese market is going through a major stage of disruption and its renewed focus on digital banking makes it a very exciting market for us. By expanding our global footprint into Japan, we are confident that we can support financial institutions as they move towards digital banking by providing a simple and cost-effective banking channel that will drive online customer engagement,” said Moneythor CEO & Co-Founder Olivier Berthier in a press statement.
The company is headquartered in Singapore and has offices in Paris and London.
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