Totle completes private funding round with $1 million investment

Posted 15 January, 2019

The developer of decentralized economy application from Detroit – Totle – managed to get $1 million in investments during the closed funding round. The key investors were Arrington XRP, NEO Global Capital, and Goren Helm Ventures.

Totle developed an application programming interface (API) that enables cryptocurrency services (like EtherDelta and RadarRelay) to provide a number of trading functions, including payments, transactions, arbitrage exploration. Moreover, Totle is aiming to lend support to other various decentralized platforms.

According to the company press release, the received funds will be "to accelerate global growth in the B2B space and expand solutions offered, including native wallet integrations and swap widgets". Besides, Totle also plans to expand the developing team, believing that more developers will enable the project to be able to draw in more customers from the business. Moreover, the company's API is said to be actively applied already now.

Totle managed to attract investors by an opportunity to improve the pricing while buying or selling across borders, an Arrington XRP representative believes. The team’s flexibility was among the reasons for Arrington XRP to invest as well. Even though Totle had been working on a decentralized application with a business-to-consumer focus, it managed to shift to the business-to-business API base amid the market demand.

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16 January, 2019 11:33

← US dollar slightly rebounds in midweek, sterling stable after Brexit vote

The US dollar shows moderate strengthening in the middle of the week. The greenback gained some positions vs the euro making use of the political uncertainties in the USA. At the same time, the sterling has somewhat stabilized after the previous pre-vote fluctuations. The ICE index decrease by some 0.1% on Wednesday. The euro-to-US dollar exchange rate was at some $1.1410 ($1.1413 earlier). At the same time, the yen got stronger vs the greenback with the US dollar to yen rate reaching some 108.50.

US dollar slightly rebounds in midweek, sterling stable after Brexit vote

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15 January, 2019 17:14

Bitcoin miners face revenue slump in 2018, Diar reports →

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Bitcoin miners face revenue slump in 2018, Diar reports
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