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Axoni raises $20 million in equity funding to build blockchain software for financial institutions
Nickie Louise Posted On April 26, 2023


Axoni, a New York-based fintech startup at the forefront of building the next generation of capital markets technology, has raised $20 million in equity financing led by EJF Ventures, with participation from Laurion Capital, Communitas Capital, and existing investors. The […]


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First Republic Bank on the verge of collapse; expected to be seized by the US government
Nickie Louise Posted On April 26, 2023


San Francisco-based First Republic Bank is expected to be seized by the US government, according to a report by Fox Business’ Charles Gasparino, citing sources from the bank. The sources told Fox that they believe that the distressed bank will eventually […]


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Decentralization in Layer 0 Blockchains: Benefits and Limitations Explained
Daniel Levi Posted On April 26, 2023


Cryptocurrency and blockchain technology continue to garner increased user adoption thanks to their decentralized nature. This allows individuals to build permissionless and censorship-resistant DeFi systems that shift control away from intermediaries and centralized authorities, such as banks and governments. But […]


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Rapid, an Israeli startup valued at $1 billion a year ago, lays off half of its workforce
Daniel Levi Posted On April 26, 2023


API unicorn Rapid (formerly known as Rapid AP) valued at $1 billion just a year ago, has laid off half its workforce, translating to about 115 employees. The unicorn startup doubled its team over the past year at a time […]


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Cloud tech startup Relay lands $13M Series A funding to improve communication for frontline teams
Nickie Louise Posted On April 26, 2023


One of the challenges facing frontline teams is the inability to quickly and easily communicate. Today, software is the driving force behind the majority of the workforce except for 55 million frontline team members who either lack access to communication […]


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Microsoft Edge Browser tracks users by exposing visited URLs to Bing search engine, raising privacy concerns
Daniel Levi Posted On April 26, 2023


Microsoft Edge is the default web browser for Windows 10 but only gets about 11% of the desktop browser market share as of January 2023. Although Microsoft Edge has been lauded for its privacy features, it has recently come under scrutiny […]


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UK blocks Microsoft’s $69 billion acquisition of Activision, citing cloud gaming concerns
Nickie Louise Posted On April 26, 2023


Britain’s antitrust regulator announced on Wednesday that it would block Microsoft’s attempt to acquire the creator of “Call of Duty” Activision Blizzard for $69 billion, citing concerns about potential competition constraints in cloud gaming. The move dealt a surprise blow […]


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Top tech startup news for Tuesday, April 25, 2023: Binance, Coinbase, Rapid, SendBird, Spotify, and Temu
Nickie Louise Posted On April 25, 2023


Good evening! Below are some of the top tech startup news stories for Tuesday, April 25, 2023.   RapidAPI, an Israeli tech startup valued at $1 billion a year ago, is laying off 50% of its workforce Rapid API, a […]


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Binance.US backs out of a $1.3 billion deal to purchase Voyager’s assets
Daniel Levi Posted On April 25, 2023


Binance.US has terminated a $1.3 billion deal to buy assets of bankrupt crypto lender Voyager Digital for in a $1.3 billion deal., citing a “hostile and uncertain regulatory climate.” The news comes following a WSJ report that Binance.US was struggling […]


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Coinbase sues the SEC just a week after it threatened to leave the US market
Nickie Louise Posted On April 25, 2023


Last week, crypto exchange Coinbase said it may leave the US market if the regulatory uncertainty surrounding digital currencies continues. CEO Brian Armstrong told the audience at Fintech Week in London. The exchange has been in a legal tussle with the […]


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E-commerce platform startup Temu expands to Europe, following a successful U.S. launch
Nickie Louise Posted On April 25, 2023


Last summer, we wrote about Pinduoduo after China’s discount e-commerce giant announced the launch of a new U.S. shopping site called Temu as part of its push to make inroads into the overseas market and challenge Amazon. Temu is a cross-border […]


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Unicorn startup SendBird launches no-code chatbots powered by ChatGPT for web and mobile apps
Daniel Levi Posted On April 25, 2023


It’s been a while since we last covered the chat and messaging API service SendBird. Back then, the unicorn startup raised $50 million Series B to ramp up global demand for in-app messaging. Since then, the company has grown at […]


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Abu Dhabi-based Venom Foundation launches its public testnet
Daniel Levi Posted On April 25, 2023


Venom, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), today launched its public testnet after years of development. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. The public […]


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ChatGPT falls short of replacing human data analysts, Oxylabs says
Daniel Levi Posted On April 25, 2023


ChatGPT is all the rage these days and there’s no sign of slowing down. In only five days after its launch, ChatGPT reached an impressive milestone of one million users. To put this into perspective, it took Netflix 3.5 years, Facebook […]


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Spotify passes 500 million monthly active users for the first time
Nickie Louise Posted On April 25, 2023


Spotify reached a new milestone, crossing more than 500 million monthly active listeners. Spotify reported on Wednesday that its audio streaming service is being used by over 515 million people every month, which is more than half a billion users. […]


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Top tech startup news for Monday, April 24, 2023: Apple, Epic Games, OpenAI, Sonet.io, and Stack Identity
Nickie Louise Posted On April 24, 2023


Good evening! Below are some of the top tech startup news stories for Monday, April 24, 2023.   OpenAI has applied for “GPT” trademark with USPTO OpenAI, the creator of the popular chatbot ChatGPT, has applied for the “GPT” trademark […]


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Billionaire tech investor who claimed Bitcoin would reach $200,000 now says “crypto is dead in America”
Daniel Levi Posted On April 24, 2023


In November 2021, Bitcoin reached an all-time high of $68,789.63. At the time, tech investors including Billionaires Tim Draper and Chamath Palihapitiya predicted that Bitcoin would soar to over $200,000. Draper said he’s confident Bitcoin would reach $250,000 in 2023, […]


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Appeals court sided with Apple over its App Store rules in a lawsuit against Epic Games
Nickie Louise Posted On April 24, 2023


Apple declares ‘resounding victory’ on Monday after an appeals court mostly sided with the iPhone maker over its App Store rules in a lawsuit with Epic Games. The verdict signals that Apple’s authority over the App Store and the fees […]


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Sonet.io emerges from stealth with $6 million in seed funding to onboard remote workers
Nickie Louise Posted On April 24, 2023


Remote work has seen a surge in popularity since the covid lockdown in 2020. This has led to more companies adopting a hybrid or fully remote work approach. Despite its advantages, remote work poses some challenges as employees collaborate in distributed […]


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US Supreme Court rejects patents for AI-generated inventions
Daniel Levi Posted On April 24, 2023


In a big blow to inventions generated by artificial intelligence (AI), the Supreme Court of the United States on Monday refused to issue patents for AI inventions created by computer scientist Stephen Thaler. The highest court in the country rejected […]


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