Volocopter announced that it has acquired funds amounting to $55 million from its latest Series C funding round to help it compete with the Uber Elevate team in the new Flying taxi service arena.
Copper, a company serving as a custodian for digital assets, has processed $500 million in transactions since its launch in June. This is a 50% increase in volumes month-on-month.
Very lucrative role of the lead underwriter to the forthcoming IPO of state-owned Saudi Arabian Oil Company slated to become the largest public offering in history, will likely fall to JP Morgan Chase & Co.
eToro’s Mati Greenspan is one of those “go-to” guys when it comes to investment analysis. So when he says something, it is always worth noting it for purposes of clarity and direction.
It has come to light that Australia has given a banking license to a new online-only banking firm – Xinja Bank. This way, Australia allows the new banking startup to compete against the four largest companies that dominate this sector.
CEO of Twitter Jack Dorsey said Twitter has no intentions of launching its own crypto project. Instead, he said he plans to continue his support for traditional cryptocurrencies, particularly Bitcoin.
Uber recently sent out an in-app survey to some drivers that indicated the company is starting to build a “new financial product” designed to help Uber drivers “in a time of need.”
Bakkt announced that it is opening a Warehouse. Its potential clients are those customers willing to deposit Bitcoin as well as withdraw it. It seems that the company is preparing for the introduction of its futures.
A $1 billion Bitcoin (BTC) transaction became conspicuous because its sender spent far too much on fees. Some are guessing at the origin and destination of the funds with some believing it’s tied with Bakkt.
According to Gemini, off-exchange or OTC trades on the new Gemini Clearing platform can be carried out both between two parties or through third-party brokers.
The Alibaba Group has announced its acquisition of online e-commerce platform, Kaola, from NetEase. Alibaba will also be investing $700 million in NetEase’s Cloud Music streaming platform, as part of a separate deal.
Elon Musk tweeted about Porsche’s Taycan Turbo-electric sports car appearing to poke fun at the ‘turbo’ in the name. Twitter users pointed out that the Tesla CEO has his own history of using loose definitions.
Customers who use the Stripe payment platform will now enjoy business loans up to $20,000 through the company’s recently unveiled Stripe Capital. The company is looking to provide businesses with better access to funds.
According to a Greylock spokeswoman, Hoffman “hopes the video gets more people talking about crypto and its evolving role in global commerce.” Greylock invested in cryptocurrency startup Coinbase in 2017.
Some big names like WeWork, Peloton, Cloudflare, SmileDirect and Endeavor Group Holdings plan to raise money through the primary IPO market in September 2019.