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Crypto and Blockchain Recap: 29th November, 2018

Here are all the major recent crypto and blockchain happenings that you need to know about.

Funding Continues

Besides being in a bear run for quite some time, the fundings for startups in this space does not seem to be slowed down. Recently, Flipside Crypto raised a funding of $4.5 million in a seed round that was led by Digital Currency Group and Coinbase Ventures. The startup basically uses analytical data of various digital assets to examine how they are being used. Network activity, trading patterns etc. are kept under consideration by the platform.

Besides Flipside Crypto, another crypto startup with the name of AZTEC also raised $2.1 million in a round led by ConsenSys Labs. AZTEC essentially aims at making the ethereum transactions private. It aims at using zero-knowledge proofs in order to allow the banks to store data privately on CreditMint.

Fidelity to Expand its Area of Operation

Fidelity Investments, the firm which announced that it will be launching a crypto asset trading platform, is planning to expand its region of operation from just bitcoin and ether to the top five or seven cryptocurrencies, as reported by a news source.

Although the firm was originally targeting BTC and ETH, it now seems that the market capitalizations of the next few currencies have had their effect.

Also, before considering some tokens, the company is looking for regulatory clarity regarding them. Those tokens which are labeled securities might take a little time before they get much attention from the firm.

Blockchain Gains Further Traction

A blockchain-based product is being launched by the subsidiary of well-renowned global giant Amazon. Amazon Web Services, which is heavily involved in cloud computing and storage, will be fully managing the product.

The company is aiming at providing the users with a service through which they will be able to set up their own blockchains without going into much troubles and overheads.

As reported by CoinDesk, the users will be able to build their platforms on Ethereum or Hyperledger Fabric using this service. But as of yet, the former is not available for usage.

Clients will also be able to store the data from their blockchain platform on Amazon’s Quantum Ledger Database.

This development made is an interesting one for the blockchain and crypto world as it will give this revolutionary technology of the future more and more exposure in the eyes of the public.

SEE ALSO: Crypto & Blockchain Recap: 28th November, 2018

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Ahsan Khalid

News editor of BlockPublisher, an electrical engineer with majors in software development. Ahsan takes the engineer's approach for reporting legislation around the blockchain industry. Email: ahsan@blockpublisher.com or editor.news@blockpublisher.com

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