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“# Andreessen Horowitz leads $40M investment round into crypto-trading platform ” Talos, an up-and-coming institutional technology provider for cryptocurrency trading, has secured $40 million in Series A funding from some of the biggest venture capitalists in the digital asset market. The raise, which was led by Andreessen Horowitz, also had participation from PayPal Ventures, Fidelity…
“# Blockchain platform raises $12M to build JavaScript-like DApps ” Reach, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation process, the company announced on Wednesday. The latest funding round takes the total sum raised by Reach to $48 million as the…
“# Fact check: Has Coinbase launched a decentralized fact checking portal? ” Coinbase CEO Brian Armstrong has announced the launch of what he’s calling a “Fact-Check” via the company’s blog. In a May 27 post titled “Announcing Coinbase Fact Check: Decentralizing Truth in the Age of Misinformation,” Armstrong expressed the firm’s desire to combat untrue…
“# Nvidia reports record earnings, claims it’s ‘hard to determine’ impact of crypto miners ” Nvidia, a leading manufacturer of graphics processing units, or GPUs, has announced record earnings for Q1 2021. However, the firm has downplayed the role of the crypto bull market in driving its impressive performance, primarily attributing demand for its products…
“# Billionaire Carl Icahn says he may drop up to $1.5B into crypto ” Former crypto skeptic Carl Icahn, the founder of Icahn Enterprises, told Bloomberg he’s set to enter the crypto market in a “big way” — teasing an investment of around $1.5 billion. Icahn is an investor and former advisor to the Trump…
“# PayPal users will be able to withdraw crypto to external wallets ” PayPal’s embrace of cryptocurrencies appears to be growing after the payments provider revealed that it will allow users to withdraw their digital assets to third-party wallets. The news, which was reported by Reuters Wednesday afternoon, comes just seven months after PayPal first…
“# TechX acquires crypto-to-fiat gateway Mobilum for $13.2M ” TechX Technologies Inc., a publicly traded company out of Vancouver, Canada, is in the process of acquiring a fiat-to-crypto gateway that it says will help strengthen synergies between traditional fiat currencies and emerging crypto assets. Mobilium, the acquisition target, is a licensed fiat-to-crypto gateway for exchanges,…
“# Coinbase leads $6M funding for Indonesian crypto exchange ” Pintu, an Indonesia-based cryptocurrency exchange focusing on first-time crypto users, has raised $6 million to support its mission to drive industry adoption. The company announced Tuesday that it has completed a Series A funding round led by major global crypto investors including Pantera Capital, Coinbase…
“# Apple seeks to hire ‘alternative payments’ manager with crypto experience ” Global software giant Apple Inc. is recruiting for a new business development manager specializing in alternative payments, signaling that the iPhone maker was gravitating towards digital assets. The new job post for “Business Development Manager – Alternative Payments” was posted to Apple’s careers…
“# Nebraska signs law to authorize state-chartered banks to custody crypto ” A crypto-friendly bill — co-authored by a cryptocurrency firm and first introduced by Republican state senator Mike Flood this January — was signed into law today in Nebraska. The Nebraska Financial Innovation Act was one of Senator Flood’s first initiatives, introduced scarcely two weeks…