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“Russia-funded grocery app Buyk furloughs CEO as sanctions begin to hit hard” Grocery delivery app Buyk has furloughed its own CEO, who had been leading the company’s efforts to raise American money after its Russian funding was cut off due to US sanctions. CEO James Walker was put on furlough as of Tuesday morning, according…
“# Blockchain startups grow as global VC funding generated $25.2B in 2021 ” Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went…
“# The Sandbox announces $50M fund for its startup accelerator program ” Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain…
“# Cathie Wood’s ARK ETF reportedly buys 6.93M shares of SPAC merging with Circle ” Cathie Wood’s Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s ARK Fintech Innovation exchange-traded fund (ETF). This purchase would represent a…
“#Startup Rentbrella launches umbrella-sharing app in NYC” A new umbrella-sharing startup is expanding in New York City — and says it will do for umbrellas what Citibike did for bicycles. Rentbrella, an app that was first launched in Brazil in 2018, is setting up automat-like kiosks stocked with 100 umbrellas each across the Big Apple…
“# Microsoft leads startup Palm NFT Studio’s $27M series B round ” Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum cofounder Joseph Lubin, provides strategic and technical services for creators to build NFT marketplaces. Other…
“# Ethereum layer-two developer StarkWare valued at $2B following $50M raise ” Israel-based StarkWare announced on Tuesday via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised…
“#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…