KW 7: Cryptocurrency pioneer Diana Biggs joins digital assets startup Valour, Bitcoin not a challenge to US Dollar’s global dominance, BMW backing for blockchain startup Vendia


Cryptocurrency pioneer Diana Biggs joins digital assets startup Valour: Cryptocurrency pioneer and early Bitcoin thought-leader Diana Biggs has joined Swiss-based startup Valour, which lets investors easily buy digital assets through their bank or broker. Biggs explored the potential for blockchain technology to help solve humanitarian challenges through her venture, Proof of Purpose, in 2017, and her TEDx speech on Blockchain Technology that year is considered by many in the blockchain space to be one of the best in the genre.

Bitcoin not a challenge to US Dollar’s global dominance: The head of the St. Louis Federal Reserve believes bitcoin does not pose a threat to the US dollar’s status as the global reserve currency. In an interview with CNBC on Tuesday, James Bullard said the Fed’s policy focus will remain fixed on a global dollar economy as far as the eye could see. “Whether the gold price goes up or down or the bitcoin price goes up or down doesn’t really affect that,” said Bullard. Instead, the Fed president flagged privately issued cryptocurrencies not sanctioned by the government as being the primary issue.

BMW backing for blockchain startup Vendia: BMW i Ventures was among the investors to join Vendia’s series A funding round for its serverless SaaS (software as a service) blockchain solution, which raised $15.5 million and brought their total funds raised to $20.6 million. Vendia is promising to offer a SaaS with decentralized data sharing. Instead of focusing on the blockchain aspect, Vendia is fixated on providing the ability for multiple companies to share data across clouds and platforms. The emphasis is on leveraging public clouds to enable speed, scalability, and resilience.

Celsius Network, Argo Blockchain back pre-seed round for Bitcoin mining startup: Argo Blockchain, Celsius Network, derivatives exchange Bitnomial and others are backing a pre-seed investment in bitcoin mining startup Luxor Technologies. Beyond its suite of mining pools, Luxor is also developing a data offering to serve as a hub for mining data visualizations. Luxor plans to use the funding to make several engineering hires and continue expanding its hashrate under management (HUM) through 2021.

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Bitcoin surged to an all-time high of more than $50,000 on Tuesday.


German companies are lagging behind when it comes to blockchain technology: Still too few in Germany are dealing with blockchain technology, according to a new study by the German Economic Institute. Although the number of startups has risen sharply since 2015, it is not enough. Because in addition to digital currencies, blockchain is also playing an increasingly important role in Industry 4.0, in logistics and in healthcare. They promise decentralized and secure bookkeeping, said the experts from the Institute of German Economy, Dr. Vera Demary, Head of the Competence Area Digitization, Structural Change and Competition and Dr. Markus Demary, Senior Economist for Monetary Policy and Financial Economics. But startups with the blockchain business model are still the exception. 275 companies across Germany work with the technology. This is due to the poor access to risk capital. „When it comes to startups and venture capital, Germany should learn from Israel and Estonia in order not to lose touch with this important technology,“ explained IW financial market expert Markus Demary.

Companies neglect cybersecurity requirements: Researchers at the Fraunhofer IPT have criticized the fact that companies are extremely lagging behind when it comes to cybersecurity and that almost none of the security requirements are met. In networked production, machines, systems, network and computer technology are connected to one another in a common IT environment. Regular security updates for machines are generally not carried out for several decades. This increases the attack surface. None of the 29 companies investigated met the cyber security precautions. Questionnaires are now intended to help.


„My cryptocurrencies rose by 130% during the crisis.“
Dominik, 24, works for a tech startup and successfully invests in sustainable equity funds.

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Apple Pay with BitPay now supports Bitcoin: BitPay announced this week that they’ve begun functioning with Apple Wallet. The self-professed “world’s largest provider of Bitcoin and cryptocurrency payment services” announced that users of the BitPay Prepaid Mastercard can now add their card to their iPhone’s Apple Wallet. With the BitPay Prepaid Mastercard in an Apple Wallet, the user can spend with Apple Pay.

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