Oasis Labs announces blockchain incubator in cooperation with venture capital leaders

Posted 09 October, 2018

Oasis Labs is said to enter into partnership agreements with leading venture companies and funds to launch a new project that will help technology blockchain startups.

According to the released reports, the new project called  Oasis Startup Hub will be designed to provide assistance to companies that develop privacy-first blockchain platforms. Investments for the project will come from such giants as Accel, a16z crypto, Binance Labs, Pantera Capital Polychain Capital as well as other companies.

With this startup hub, the companies will get an access to innovative technologies before others, while investors will provide their reviews and comments on the development processes. Specifically, the development teams will cooperate directly with Oasis Labs specialists and investors. For that purposes, the hub will reportedly hold workshops and closed meetings.

"We’ve seen strong interest in our private testnet from companies and developers who want to build scalable applications that protect user data and put privacy first–and are constrained by existing platforms. We’re encouraged by the diversity and volume of application developers who share our values and validate our approach. We designed the Oasis Startup Hub to bring experts together for invaluable interactions around how to design, build and deliver exciting new applications," noted CEO Oasis Startup Hub. 

Oasis has already selected some companies to launch the hub, though refuses to comment on the names. However, Oasis' clients are said to do business in the area of high-privacy applications.

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09 October, 2018 12:05

← Fundraising via ICO can be approved in UAE

The UAE is reportedly considering new regulation to be launched in 2019, which will greenlight alternative to IPO fundraising via initial coin offering (ICO). The corresponding statement was made during the meeting by the head of UAE's securities regulator Obaid Saif al-Zaabi, saying that the board of the Emirates Securities & Commodities Authority decided to permit ICO tokens as securities and new rules are likely to be approved in H1 2019. Obaid Saif al-Zaabi added that draft regulation for ICO has been already developed. It is also possible that along with ICO, the new regulation will include the measures that would allow owners of family businesses sell their 100% stake in the company, which is expected to boost the number of future IPOs. This initiative is subject to prime minister approval.

Fundraising via ICO can be approved in UAE

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08 October, 2018 18:32

Euro down affected by market concerns →

The euro has weakened against the US dollar at the start of the week as the market sentiments are getting worse on the budget conflict between Italy and the EU. As the data shows, the euro-to-US dollar exchange rate decreased $1.1475, which quite close to the last-week bottom of 1.1463. At the same time, the US Dollar index improved to 95.57. The greenback rebounded vs the majors on generally positive economic reports. The euro has remained on the downward track fueled by the message of Deputy Prime Minister of Italy Matteo Salvini saying that EU's real enemies – Juan Claude Juncker and Pierre Moscovici. Moreover, an additional pressure came from the euro area economic reports with investors downgrading October outlook afterwards.

Euro down affected by market concerns
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