Israeli vegan app co VeganNation raises $10m from private investors Israeli company VeganNation, which is creating the world’s first vegan ecosystem, has announced the closing of a $10 million financing round from private investors, and is ready for the global debut of the VeganNation platform on webapp, iOS, and Android.
Israeli Digital Wallet Startup Colu to Buy Back Crypto Coins It Issued During ICO Israeli digital wallet startup Colu Technologies Ltd. is initiating a buy-back of its crypto coin Colu Local Network (CLN), first issued in early 2018 as part of an initial coin offering (ICO) that saw the company rake in $20 million.
Alibaba Wins Injunction against The Cryptocurrency Company Alibabacoin Foundation for Trademark Infringement A preliminary injunction against Alibabacoin, which Alibaba applied to a U.S. court, has been granted in the case against the cryptocurrency company Alibabacoin Foundation for trademark infringement.
Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12.7 million through a digital token fund. Grandshores Technology plans to use the funding to launch a yen-backed stablecoin.
Tencent Denies the Rumors: Tencent Blockchain Will not Issue Digital Currency On the afternoon of July 30th, in response to the rumors of “Tencent is issuing digital currency” prevailed on the Internet, Tencent responded to Sina Technology’s, claiming that the Tencent blockchain is not going to issue digital currency.
23% Hong Kong Citizens Are Considering Switching To Cryptocurrency for Tear of A Downturn In The Economic Situation According to Yahoo Finance, 46% of Hong Kong citizens believe that the future economy will deteriorate due to the tariffs imposed by China and the United States. For fear of economic shocks and dragging down the stock market, 23% consider investing in cryptocurrency as an investment hedging tool against economic reversal.