Flipside Crypto completes investment round for its crypto evaluation project

Posted 30 November, 2018

Boston-based Flipside Crypto has announced the completion of the funding round with Coinbase and Digital Currency Group being among the investors.

The company refused to comment on the total investments. However, there are news reports that it was generated about $4.5 million during the funding round. The project appeared as a concept last year when cryptos soared and people were ready to invest in any products regardless of their potential. In this situation, the project team is striving to provide the market with an effective tool for seeking the most perspective initiatives among the whole among of the presented blockchain projects.

"We are thrilled to announce our investment in flipsidecrypto - a great young company making digital assets easier to understand with their simple, smart, and sophisticated Flipside Crypto Asset Score (FCAS)," said Digital Currency Group in its Twitter.

The company noted that their solution will be a brand-new approach to crypto assessments, especially taking into account that fact the crypto price strongly depends on market reports and sentiments.

As the company CEO noted, the crypto market is growing up, while large and retail investors are looking for more sophisticated methods of getting the market data deeper than just capitalization and price figures.

Flipside Crypto Asset Score (FCAS) will make a complex assessment of the asset based on the data from different blockchains and smart-contracts, with the information being divided into three categories (usefulness, trade signals and developers' activity).

"Flipside Crypto produces and distributes FCAS scores and indexes to enable retail investors to more effectively understand the health of each project. Crypto project utility, developer behaviour and analysis are available through Flipside Crypto’s proprietary FCAS Coin Health Library," commented the company in the blog post.

For now, the methodology was used by more than 100 investors during the closed beta. The official launch is likely to take place in early 2019. The service will be offered with a paid subscription ($25-300 depending on the inquired data).

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30 November, 2018 12:48

← Fidelity Digital Assets considers expansion of cryptocurrency list

Fidelity Digital Assets, new crypto trading platform, has reported the expansion of the list of supported assets along with already launched Bitcoin and Ethereum. The company announced the expansion plans at the Block FS conference held in New York yesterday. Initially, the parent company Fidelity Investments expressed intentions to launch crypto division in October, saying that the new business would be aimed at trading and storing Bitcoin and Ethereum. However, the current decision shows that they are not ready to rest targeting further development.

Fidelity Digital Assets considers expansion of cryptocurrency list

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29 November, 2018 17:07

Vakt inaugurates blockchain trading platform for energy sources market →

The global energy market giants BP, Shell, Gunvor, Mercuria and Equinor along with some major banks have joined the blockchain platform by Vakt. The new project is designed to optimize raw materials trading via implementation of smart-contracts among other features. Initially, the platform will be used by Equinor, Mercuria and Koch, and trading will be only for crude BFOET oil. In the long run, it is planned to add all physically traded commodities and enable other companies to enjoy trading via Vakt in early 2019.

Vakt inaugurates blockchain trading platform for energy sources market
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