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Portage Ventures is seeking to raise $1 billion for its new fund to invest in late-stage fintech startups
Nickie Louise Posted On July 28, 2022


Global venture capital investments in technology startups fell significantly in Q2 investors pull back due to fear of looming recession and global economic downturn. Startup funding reached $120 billion, the lowest amount recorded for a single quarter since the beginning […]


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Alibaba founder Jack Ma plans to give up control of China’s fintech giant Ant Group
Nickie Louise Posted On July 28, 2022


Jack Ma, Chinese billionaire and founder of Alibaba, plans to give up control of financial technology giant Ant Group Co in an effort to move away from affiliate Alibaba Group Holding “after more than a year of extraordinary pressure from […]


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Blockchain  / Featured  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Blockchain domain startup Unstoppable Domains joins unicorn club with $65 million Series A funding
Daniel Levi Posted On July 27, 2022


Unstoppable Domains, a San Francisco-based tech startup and pioneer of blockchain domains, has become a new member of the highly coveted unicorn club after raising $65 million in Series A funding. The round, which now puts the company at a […]


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Naoris Protocol gets $11.5 million in funding to tokenize cybersecurity
Nickie Louise Posted On July 27, 2022


Having just banked $11.5 million in funding, Naoris Protocol says it’s on a mission to scale up the adoption of a decentralized cybersecurity mesh of validator nodes to shore up network defenses, making them stronger as they grow to encompass […]


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Electric car subscription service tech startup Onto raises $60 million to expand into Europe
Nickie Louise Posted On July 27, 2022


Electric vehicle (EV) subscription service startup Onto has raised $60 million in equity in a Series C funding round to expand into Europe, starting with Germany. The round was led by the financial services company Legal & General. Existing investors including Alfvén […]


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London-based MaaS startup Geomiq raises $8.5M to transform and streamline the manufacturing industry
Nickie Louise Posted On July 26, 2022


While some startups are struggling to raise new funds amid the global economic downturn, London-based B2B manufacturing platform Geomiq announced today it has raised $8.5 million in Series A funding to open up access to world-leading supply chains for manufacturers of all […]


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Virgin Money jumps into the ‘buy now, pay later’ space to take on PayPal, Klarna, and Affirm
Nickie Louise Posted On July 26, 2022


Virgin Money is jumping into the buy-now, pay-later (BNPL) fray with a new product offering. The UK-based challenger bank announced Tuesday it will enter the BNPL space as the market heats up. The announcement comes just a month after the iPhone giant Apple […]


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Acquisition  / Bitcoin  / Cryptocurrency  / Ethereum  / Featured  / FinTech  / Startup Funding  / Startup Spotlight  / Tech Startup News  / Tech Startups  / Technology News
Bankrupt crypto lender Voyager Digital says FTX’s offer to acquire the company was a “low-ball bid dressed up as a white knight rescue”
Nickie Louise Posted On July 26, 2022


Last month, crypto exchange FTX bought the now defunct crypto lender BlockFi for $25 million, a 99% discount from its $4.8 billion valuation in July 2021. The acquisition took place a few weeks after BlockFi found itself in deep financial trouble following reports […]


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DeFi  / Featured  / FinTech  / Startup Funding  / Startup Spotlight  / Tech Startup News  / Tech Startups  / Technology News
DeFi.org selects winning participants joining its Orbs-Polygon DeFi accelerator program
Nickie Louise Posted On July 26, 2022


Led by layer-2 scaling solution Polygon and layer-3 infrastructure provider Orbs, DeFi.org launched a special DeFi accelerator program in May 2022. After almost two months, the DeFi.org mentors have revealed the names of the winning projects chosen to spearhead the […]


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Brazilian unicorn startup Neon raises $80M in a quest to become the biggest bank for Brazil’s working class
Daniel Levi Posted On July 25, 2022


A recent survey by the Locomotiva Institute found that 34 million Brazilians do not have access to banking services. Of this number, 6.3 million Brazilians do not have a bank account, while the remaining 17.7 million are underbanked. That was not all, […]


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Swedish sustainable battery startup Northvolt teams up with Stora Enso to develop wood-based batteries for EVs from the Nordic forest
Daniel Levi Posted On July 22, 2022


In late 2019, we wrote Northvolt after the maker of electric vehicle batteries received a €5.8 million investment from EIT InnoEnergy to support Northvolt’s target of using 50% recycled materials in all its new battery cells by 2030. The funding also went […]


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Crypto startup Blockchain.com lays off 25% of its workforce as Three Arrows Capital contagion spreads across the crypto industry
Nickie Louise Posted On July 22, 2022


Blockchain.com is the latest casualty of exposure to the now bankrupt crypto hedge fund Three Arrows Capital. The Google Ventures-backed crypto startup announced it is laying off 25% of its workforce, citing the economic downturn and harsh market conditions. The layoff […]


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Sustainable food tech startup Meati gobbles up $150M to provide plant-based meat made from mushroom roots
Nickie Louise Posted On July 21, 2022


The growing concerns about climate change and carbon emissions have given rise to new categories of sustainable foods. It has also caused consumers to shift to climate-friendly, plant-based meats instead of the traditional ones made from animals. With the world’s population […]


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Baidu unveils Apollo RT6, a new electric robotaxi that can drive without a steering wheel
Daniel Levi Posted On July 21, 2022


About four years ago, we wrote about Baidu after the China search giant teamed up with U.S. automaker Ford to collaborate on a two-year joint autonomous vehicle test project to develop and test self-driving vehicles on designated roads in Beijing, and possibly […]


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Cake DeFi partners with Razer Silver to provide gamers access to crypto assets
Nickie Louise Posted On July 21, 2022


The billion-dollar crypto fintech startup Cake DeFi has teamed up with Razer Silver to provide gamers access to crypto assets such as Bitcoin, Ethereum, and DeFiChain, the company announced today. Razer Silver is a loyalty rewards program for gamers, backed […]


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Human protocol unveils a new decentralized routing protocol to coordinate distributed job markets
Nickie Louise Posted On July 20, 2022


The HUMAN Protocol team has been busy over the past few months. The decentralized infrastructure project made a splash late last year when it launched its HUMAN App with over 200,000 users. Then in May, HUMAN Protocol awarded a grant to VeritaTrust to […]


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Bitcoin is back from the dead, surges past $24,000 as analysts make price prediction of $1 million by 2030
Daniel Levi Posted On July 20, 2022


Bitcoin topped $24,000 on Wednesday for the first time since June as crypto investors shrugged off the looming recession and inflation after news of a softer than expected rate hike from the Federal Reserve.  The world’s biggest cryptocurrency surged past […]


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Cybercriminals defrauded investors of more than $42 million using fake cryptocurrency apps, The FBI says
Nickie Louise Posted On July 20, 2022


Cybercriminals have defrauded US investors of millions of dollars using fraudulent cryptocurrency investment apps, the US Federal Bureau of Investigation (FBI) said in a statement. On Monday, the FBI warned financial institutions and investors about fraudulent cryptocurrency applications that have scammed 244 victims […]


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Google, Chevron back a $250 million investment in nuclear fusion startup TAE Technologies to generate unlimited carbon-free energy
Daniel Levi Posted On July 19, 2022


Google and Chevron have joined a $250 million funding TAE Technologies, a nuclear fusion startup developing commercial fusion power to generate unlimited carbon-free energy, the company announced today. The latest round brings the total raised by TAE Technologies to $1.2 billion, making the […]


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Founding member of Elon Musk brain implant startup Neuralink resigns as executive exodus continues
Daniel Levi Posted On July 19, 2022


Just last week, longtime Tesla Autopilot Executive Andrej Karpathy announced on Twitter he was leaving the company. The announcement came just two weeks after Tesla laid off hundreds of autopilot employees and closed its San Mateo, California office. Today, a founding member […]


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