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Launched in September by two former Andreessen Horowitz executives, Bastion has acquired its first two money transmitter licenses in New Hampshire and Arkansas. Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States. Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oct. 31. The new licenses, granted by the New Hampshire Banking Department and Arkansas Securities Department, will enable Bastion to offer services for fungible digital assets in each state. It has additional applications pending for MTLs in other U.S. states, the firm said. The license acquisitions enable Bastion to participate in activities related to the selling or issuance of payment instruments, stored value, prepaid access, as well as the receipt of money and digital currency to facilitate transactions with others in the states. The...

The venture capital firm a16z is now accepting applications for its Crypto Startup School (CSS) 2024 spring course, which is set to be held in London, the same city as its headquarters. According to a16z, participants of the 12-week accelerator program for early-stage companies will receive expert guidance, funding and resources from a16z crypto, in addition to the opportunity to meet industry founders and mentorship from web3 operators.  Interested applicants must be builders in developing crypto products or have an interest in learning programming languages like Solidity, which are prevalent in industry development. While the announcement states they hope for more UK and Europe-based founders, applications are open to teams from around the world. Applications are now being accepted through Oct. 20. Although the program is in-person, starting in March and ending with the Demo Day in June, similar to previous cohorts, any content from the Spring 2024 session will be made pub...

Join Our Telegram channel to stay up to date on breaking news coverage Abu Dhabi’s tech ecosystem, known as Hub71, recently proved its dedication to the crypto sector and pursuit of a decentralized future. Hub71 announced that it had started a $2 billion initiative that intends t back blockchain and Web3 startup s in the region. The move has the goal of supporting existing startups, as well as attracting new companies to the region, which will further strengthen Abu Dhabi as one of the biggest crypto hubs in the world. Details of the new initiative The initiative is known as the Hub71+ Digital Assets ecosystem initiative, and apart from the funding, it will also offer startups access to a wide range of programs. Apart from that, emerging Web3 companies will have a unique opportunity to connect with multiple corporate, government, and investment partners. Hub71 has launched the Hub71+ Digital Assets specialist ecosystem in Abu Dhabi Global Market with AED7billion of f...

The program aims to help Web3 companies boost their media presence, community growth and brand awareness. The Web3 space is growing rapidly, and new startups are emerging daily. Overall investment into Web3 projects skyrocketed to $30 billion in 2021 and $36 billion in 2022, even amid the market crisis. While many projects have good ideas and a strong value proposition to bring to the space, this is a challenging field riddled with competition and a lack of trust from the broader audience. Cointelegraph has established itself as a leader in the digital asset, Metaverse and emerging technologies media business since 2013, and is now looking to help other rising stars reach their full potential. Cointelegraph is delighted to introduce its Accelerator Program — a startup booster leveraging Cointelegraph’s capabilities as a strong media and strategic partner for promising Web3 companies. Paul Solntsev, Head of Cointelegraph Accelerator, shared: “We are excited to expand our product suite...