Tangem crypto wallet project receives funding from SBI Holdings

Posted 21 January, 2019

Swiss startup Tangem, a hardware wallets producer, managed to attract $15 million investments from SBI Crypto Investment Ltd run by Japanese corporation SBI Holdings Inc.

The company stated that the received funds will be used to boost the achievement of its major goal – promotion of the blockchain technology. The startup is going to focus on new industries that have high data security requirements and are able to make use of digital assets based on the blockchain, stablecoins, initial coin offerings (ICO), tokenized asset offerings (TAO), digital identification, etc.

"We take the next big step on our mission to bring blockchain to people's everyday life," says Andrey Kurennykh, co-founder of Tangem in the press release.

Some 8 months ago Tangem launched a pilot sale of bitcoin notes worth 0.01 and 0.05 BTC, aiming to ensure the security of cryptocurrency storage and simplify calculation processes.

President and CEO of SBI Holdings Inc. Yoshitaka Kitao believes that Tangem's hardware wallets are highly secure and affordable, thereby they are a rather important tool to distribute digital assets and promote the blockchain. He also stresses that the cooperation will favour both parties since Tangem will surely bolster demand for other blockchain services that SBI provides. 

The company plans to keep focusing its investment activities on the projects that are connected with digital assets.

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21 January, 2019 17:31

← China oil imports soars by 10% in 2018, Iran resumes oil supplies to Japan

China's National Bureau of Statistics reports higher oil and natural gas imports in 2018. Meanwhile, Iran resumed oil supplies to Japan after softening of US anti-Iran measures. China ramped up oil imports by about 10% to 460 million t over the period under review. In particular, oil supplies to China in December soared by 30% y-o-y to 43.78 million t. Tehran reported resumption of oil supplies to Japan.

 

 

China oil imports soars by 10% in 2018, Iran resumes oil supplies to Japan

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21 January, 2019 15:33

Japan-based Crypto Garage to run blockchain-based finance project in regulatory sandbox →

The Japanese fintech startup Crypto Garage, Inc., a division of Digital Garage, reportedly got a green light for a launch of a financial blockchain project in the regulatory sandbox under the supervision of the Cabinet Secretariat. The startup will use the Liquid sidechain developed by Blockstream. Crypto Garage will develop SETTLENET, which will allow participating exchanges to issue yen-pegged stablecoin on the Liquid Network basis, as well as trade the asset against L-BTC, which is tied to the bitcoin value.

Japan-based Crypto Garage to run blockchain-based finance project in regulatory sandbox
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