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“#Electric car maker Rivian stalls after red hot market debut” Shares of electric vehicle maker Rivian retreated Wednesday, putting brakes on a euphoric rally that has seen it surpass legacy automakers such as General Motors in market capitalization despite questions about its business model. Rivian dropped, 14 percent, for the first time since its blockbuster…
“# THORSwap hammers home the point: Aligned incentives are a crypto superpower ” THORChain hasn’t had an easy year. After three exploits in the space of a month during the summer the protocol’s native token (RUNE) took a beating, plummeting from all-time highs over $20.00 in May to a low of around $3.50 in late…
“# Crypto fintech Moonpay reportedly aims for $3.4B valuation in first VC funding ” Moonpay, a fintech startup dedicated to building crypto payments infrastructure, is reportedly expected to reach a valuation of $3.4 billion after conducting its first round of venture capital funding. The VC funding for the crypto payments startup is being co-led by…
“# New Zealand’s Easy Crypto raises $11.75M, eyes stock market float ” New Zealand-based crypto exchange Easy Crypto has raised $11.75 million (NZD $17 million) in Series A funding, as the firm eyes a potential initial public offering (IPO) in the future. The round was led by venture capital fund Nuance Connected Capital. According to…
“# Valued at $4.3B, NFT platform Sorare to invest in women’s sports ” Following a $680 million funding round, nonfungible token (NFT) marketplace Sorare is looking to be an active player in bridging the gap between sports and digital entertainment. Now valued at $4.3 billion, Sorare told Cointelegraph that the company plans to use the…
“#Lordstown Motors reportedly selling Ohio plant to Foxconn” Electric vehicle startup Lordstown Motors on Thursday will announce the sale of the northeast Ohio assembly plant it acquired from General Motors to Taiwan contract manufacturer Foxconn , a person familiar with the matter said. The deal will be announced by the companies on Thursday afternoon, said the source,…
“# 10% of early-stage startups working on blockchain: GSER 2021 ” With venture capital funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers. According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based businesses account for 10% of startups worldwide. The figure is part of…
“#Former Army Ranger’s app will deliver alcohol to your door” A U.S. Army Ranger who gave up his military dream after he was caught driving drunk, wants to help keep the party going — without anyone having to get behind the wheel. Cardia Summers, 29, is founder and CEO of Cheers, a New York-based startup…
“#Ex-CEO of tech startup HeadSpin accused of bilking investors out of $80M” Federal authorities on Wednesday charged a co-founder and former chief executive of HeadSpin with defrauding investors out of as much as $80 million by overstating the Silicon Valley startup’s revenue and other key financial metrics. Manish Lachwani was accused of lying to HeadSpin investors from 2018 to…
“#Crypto startup lets you bet on Britney Spears, President Biden — and anything else” How about $100 on Britney to win? Gamblers can add news events to their wagering options thanks to a Soho start-up that lets users bet on outcomes such as whether Britney Spears can free herself from her father’s control. Polymarket offers…