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“#Lordstown Motors stock sinks after Hindenburg Research report” Lordstown Motors shares plummeted Friday after a fiery short-seller accused the electric-vehicle startup of touting bogus pre-orders for its forthcoming pickup truck. The General Motors-backed company is the latest target of Hindenburg Research, which rose to prominence last September after publishing a damning report on Nikola, another…
“# How women are changing the face of enterprise blockchain, literally! ” Women working in the blockchain sector are still few and far between. While exact statistics are unclear, technology has, in general, remained a male-dominated field. For instance, a recent report from Deloitte found that only 7% of fintech startup founders are women. The…
“#Coupang, South Korea’s Amazon, raises $4.6B in American IPO” Coupang — a South Korean e-commerce giant that has been likened to Amazon — raised nearly $4.6 billion in the US’ largest initial public offering so far this year. The Seoul-based startup said it sold 130 million shares at $35 apiece in the IPO, giving it…
“#Startup behind Oxford COVID vaccine reportedly eyes IPO” A startup that played a crucial role in developing Oxford University’s coronavirus vaccine is hatching plans to go public — but the centuries-old school may be standing in the way, a new report says. The startup, Vaccitech, was founded in 2016 by two Oxford scientists who created…
“# US Education Department promotes putting student records on blockchain ” The COVID-19 pandemic has exposed flaws across various sectors. As a result, a number of government departments are evaluating blockchain-based systems as possible solutions for challenges involving multiparty workflows, record-keeping, transparency and more. For example, the United States Department of Education recently provided funding…
“# Enterprise blockchain of today: While some fail, others show potential value ” While the price of Bitcoin (BTC) continues to reach record-breaking all-time highs, the hype around enterprise blockchain adoption may seem like it’s dwindling. Enterprise blockchain started gaining traction in 2017 when Bitcoin’s price hit a high of nearly $20,000. It was during…
“#Elizabeth Holmes lawyers fear ‘class prejudice’ in Theranos case” Elizabeth Holmes’ attorneys are worried that evidence of the disgraced Theranos founder’s luxe lifestyle could inflame “class prejudice” against her at her upcoming fraud trial. The feds want to detail for a jury how Holmes rubbed elbows with celebrities, drove a high-end SUV, rented a pricey…
“# Blockchain companies can’t afford to stay on the patent sidelines ” Twitter plays defense with its patents, Square has launched a consortium — which includes Coinbase — to pool crypto patents and Alibaba is well on its way with its mission to overtake IBM in the blockchain patent wars. Many startups don’t take the…
“#Instacart axes 1,900 staff, including its only unionized workers” Instacart will lay off its only unionized workers as part of a plan to ax nearly 1,900 employees stationed in supermarkets across the country. The grocery delivery firm employs several thousand shoppers who pack grocery orders at stores for pickup or delivery. That’s unlike the roughly…
“# Algorithmic asset experiments continue to entice traders & developers ” As the team behind Morph.Finance can attest, developing an algorithmic stablecoin project can be every bit as frustrating and thrilling as investing in one. While algorithmic assets have retreated from mid-December marketcap highs, the space has nonetheless continued to attract intrepid investors and developers…