Crypto wallet provider Abra is launching a new token in a bid to offer investors more exposure to the cryptocurrency market.
The Bitwise 10 Crypto Index Token (Bit10), developed with Bitwise Asset Management, tracks the top 10 cryptocurrencies by market capitalization and is rebalanced monthly. Investors can purchase the token, which is built on bitcoin, to essentially invest in all 10 cryptocurrencies at once, according to a press release.
This grants retail investors access to "nearly 80 percent of the cryptocurrency market" at once, the release stated.
Abra CEO Bill Barhydt told CoinDesk that at present, the fund invests in bitcoin, ethereum, XRP, bitcoin cash, EOS, stellar, litecoin, dash, monero and zcash. Users can deposit bitcoin, litecoin, bitcoin cash or a fiat currency into their Abra wallets and convert funds to the Bit10 token, he added.
1World Online, the blockchain-powered engagement and revenue platform for publishers and brands, and Bitfury, the world's leading full service Blockchain technology company, announced today a strategic partnership to create blockchain-based solutions for the burgeoning media and publishing industry. 1World's expansive customer base of 12 million total users will witness the benefits of this collaboration immediately.
SANTA CLARA, CA-- MagicCube, the creator of the world's only Software Trusted Execution Environment platform (sTEE™), today announced completion of an $8.5 million Series A funding round. Bold Capital Partners led the round, with participation from Epic Ventures, Social Starts and Silicon Valley Bank. MagicCube original investors include Visa.
MagicCube technology enables the large-scale deployment and management of Internet of Things (IoT) and mobile-secure solutions to consumers. The MagicCube sTEE platform provides a secure in-app container that protects sensitive data, logic and cryptographic operations on the device, while offering unprecedented ease of massive deployment and remote management capabilities.
Having spent more than 20 years as a corporate executive in companies backed by prosperous VC firms including Kleiner Perkins, Mohr Davidow and Sequoia Capital, ApplePie Capital CEO and serial entrepreneur Denise Thomas continues to help companies create viable businesses from entrepreneurial ideas.
Music streaming service Spotify, one of Europe's most valuable tech start-ups, could start to become profitable as early as next year, said a board member who was also one of the company's first investors.
A step toward fulfilling Sindeo’s mission of offering consumers a “modern mortgage marketplace,” the launch of SindeoOne joins the likes of Quicken Loan’s Rocket Mortgage app, which aims to get consumers approved for a mortgage loan in less than 10 minutes.
Since 2013, Sindeo has been preparing and submitting loan applications to its network of more than 40 lenders, offering more than 1,000 loan programs. Now, users can submit their mortgage applications with any phone, tablet or desktop computer.