A new eSports company is in the latest crypto news, mostly because of the fact that it raised over $15 million in its ICO pre-sale last year – and has been backed by numerous investors including the popular businessman and owner of the Dallas Mavericks NBA club, Mark Cuban.
The name of the company is Unirkn, a startup that now has $15 million in capital – raised by investors such as Marc Cuban, Ashton Kutcher, Guy O’Seary, Shari Redstone, Elisabeth Murdoch – as well as organizations such as Binary, Hyperspeed, Indicator Ventures and Tabcorp – giving the startup a green light to a $32 million token sale, as TokenData reported.
With an infrastructure provided by Bittrex, users of this startup will be given the ability to take part in betting and gaming activities using different cryptocurrencies within the platform. The native cryptocurrency of Unikrn, UnikoinGold (UKG) will also be deployed on the platform, giving users access to exclusive benefits as it seeks to become recognized as a default esports wagering token in more than 20 countries (80% of Europe, parts of Asia and parts of Latin America).
As the COO of Unikrn, Andrew Vouris, commented:
“This is long in the making. You can bet in fiat, crypto, or both, to bet on live markets or pre match for twenty titles and dozens of games a day on titles such as League of Legends, Dota and Fortnite.”
The CEO and co-founder of Unikrn, Rahul Sood, spoke about the licenses and the global games market, stating;
“Unikrn built the most advanced wagering backend in the world, built by incorporating blockchain technologies, and we’re entering a segment of the global games market which exceeds $30 billion. Equally historic for esports, wagering and blockchain, we’re the first company on the planet to launch with a license including crypto and fiat betting from the Isle of Man, which is home to one of the most respected regulators for gambling.”
As the company revealed, live betting for eSports and gaming competitions will be launched in October for both fiat and crypto customers.
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Fake Trezor Crypto Wallet Emerges On Google Play Store
“If bitcoin continues its growth trend, we can expect more cryptocurrency scam apps to emerge in the official Android app store and elsewhere.”As mentioned on other altcoin news, the users of the apps are urged to only trust a legitimate app with the company’s official website links and branding. They should also check for a regular update on their devices and ask around before entering sensitive information into any blank space. Also, they are urged not to complete online forms that come from apps that have a dubious background. The company behind the crypto wallet told the researchers that the fake app was not a threat to their users but they also made clear that the addresses that some of the users provided could be collected through the software and used for phishing attacks in the future. Google Play removed the app instantly from the marketplace. Last year, Trezor issued multiple warnings to users after scammers tried to make a counterfeit version of the wallet.
Binance CEO CZ Claims Sequoia Capital Hurt His Reputation
"I won, but the case was very damaging. First, Sequoia took out an injunction against me which prevented me from raising finance for Binance at the end of 2017 which was a critical time in the market and when there was huge interest in Binance from other VCs and investors."Zhao stated previously that he was unable to publicly defend himself because of the confidentiality of the arbitration. Also, Sequoia paid about $2.4 million in legal fees for their part and lost the case. Zhao on the other hand as the best cryptocurrency news report had to pay up to 779,043 for more than a year to cover his legal expenses. He stated:
"For most entrepreneurs, they will not be able to: front USD 779,000 to fight a lawsuit; secure additional funding for their startup given a pending lawsuit, even one that’s clearly without proper base and where the claimant will surely lose.’’Zhao concluded that there is a weakness in the legal system and unprofessional behavior by the VC giant. He noted that such companies should help entrepreneurs and startups. Luckily, there are many entrepreneurs today that offer better options such as blockchain based fundraising as he pointed out. Sequoia did not comment but as we know the company sued Zhao’s company over a funding deal. The court filings show that there was a negotiation on investment between CZ and Sequoia since August 2017 which should have given the VC giant 11$ stake of the company. Zhao denied these allegations at that time.
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