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News in brief (November 2, 218): Dapper Labs, eTrade Connect, BlackRock, JD.com, Binance

November 2, 2018 By Crypto Reporter

– Dapper Labs, the company behind CryptoKitties, has secured $15 million in funding
– A new blockchain-based trade finance platform eTrade Connect was launched in Hong Kong
– BlackRock won’t offer a cryptocurrency ETF until the industry is ‘legitimate’
– JD.com has launched a research lab for blockchain technologies in partnership with two technology institutes
– Binance Uganda signed up 40,000 users in the first week since its launch in October

Dapper Labs, the company behind the viral blockchain phenomenon CryptoKitties, has secured $15 million in funding. The round was led by Venrock and was joined by Google Ventures, SamsungNEXT and other investors.

To date, Dapper Labs has raised $27.85 million in investment.

***

A new blockchain-based trade finance platform, developed by HSBC, Standard Chartered and 10 other banks, was launched in Hong Kong yesterday to boost efficiency in the funding of international trade.

The platform, dubbed eTrade Connect, aims to improve efficiency in the financing of international trade by reducing the time needed to approve trade loan applications from thirty-six to just four hours.

***

BlackRock, the world’s largest asset manager, won’t offer a cryptocurrency ETF until the industry is ‘legitimate’, said BlackRock CEO Larry Fink.

***

Chinese retail giant JD.com has launched a research lab for blockchain technologies in partnership with two technology institutes (the Ying Wu College of Computing at the New Jersey Institute of Technology and the Institute of Software at the Chinese Academy of Sciences).

***

Binance Uganda signed up 40,000 users in the first week since the world’s largest crypto exchange launched its local subsidiary in October.

Filed Under: General News, News Tagged With: Binance, BlackRock, cryptocurrency, Dapper Labs, eTrade Connect, JD.com, news, news in brief

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