Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Coinbase Ventures"


8 mentions found


Da Ponte denied a Bloomberg report that the payments processor paused development of its stablecoin in February. But da Ponte argues this troubled backdrop is exactly why PayPal is poised to succeed. Then there's the hypothetical digital dollar that would be the Fed's take on a central bank digital currency, or CBDC. "We have a large base of consumers; we have a large base of merchants," da Ponte said of PayPal's "two-sided network." Da Ponte sees PayPal's more than 20-year tenure in the payments space as one of the company's chief advantages in the stablecoin market.
Persons: Jose Fernandez da Ponte, PayPal's, Da Ponte, Paxos, it's, Ponte, stablecoins, Nic Carter, Stablecoins, Carter, Andy Bromberg, Andreessen Horowitz, Bromberg, PYUSD, Jeremy Allaire, Allaire, Patrick McHenry, McHenry Organizations: PayPal, CNBC, Bloomberg, SEC, New, Regulators, Valley Bank, U.S ., U.S, Castle, Ventures, Companies, Eco, Coinbase Ventures, Paypal, Facebook, Financial Services, America Locations: U.S, New York, Bromberg, web3, United States, R, DexTools
DUBAI, July 25 (Reuters) - Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates. Local asset managers have been hesitant to work with crypto firms without a domestic licence, he continued, adding they will now feel more comfortable after it obtained regulatory approval. Rain, which has units registered in Bahrain and Turkey, said it would use the proceeds on regional expansion. The UAE has been trying to attract some of the world's biggest crypto firms. It has also been trying to develop virtual asset regulation to attract new forms of business as economic competition heats up in the Gulf region.
Persons: Coinbase, Yehia Badawy, Badawy, Kleiner Perkins, Hadeel Al Sayegh, Emma Rumney Organizations: United, United Arab Emirates, Abu Dhabi Global, Coinbase Ventures, Thomson Locations: DUBAI, Abu, United Arab, The Bahrain, Abu Dhabi, UAE, Silicon Valley, Bahrain, Turkey, Gulf
Former FTX US president Brett Harrison started a new crypto infrastructure trading startup called Architect. The firm raised $5 million in a pre-product financing round, with backing from Coinbase Ventures. After nearly four months since stepping down as president of FTX US, Brett Harrison has raised $5 million for his new crypto trading infrastructure startup. The company, called Architect, is building software that aims to make trading in crypto markets easier for large investors and institutions. He served as FTX US president for 17 months before he stepped down in late September of 2022.
Check out these pitch decks that they've used to sell their vision and raise millions from private equity and VC investors. Blocking ad fraudAdtech startup Lunio, announced a $15 million Series A funding round in September 2022. In May 2022, the software-as-a-service startup raised a $30 million Series B round, led by Insight Partners. Marketing in the metaverseAnima, an augmented-reality startup, raised a $3 million funding round from investors in Janury. He raised $50 million in Series D after closing a $34 million Series C last year, bringing its total raised to $100 million.
FTX Ventures was described as a $2 billion venture fund, in its press release with Dave. FTX Ventures was allegedly part of that scheme. But the investments appear to be the first identified examples of customer money being used by FTX and Bankman-Fried for venture funding. In explicitly linking the two $100 million investments to customer money, the SEC has raised the possibility that they'll be prospects for clawbacks. FTX's $100 million investment was through a convertible note, a short-term loan of cash that FTX could convert into shares at a later date.
An augmented-reality startup called Anima announced a $3 million funding round. Anima shared 15 pages of the pitch deck it used to convince investors. Anima plans to offer the technology to allow creators to bring 3D assets into AR and easily view and interact with their creations. Examples of augmented-reality art on Anima include this mirror sculpture on a beach. Anima gave Insider an exclusive look at 15 slides from the pitch deck it used to raise $3 million.
Edge & Node, the startup behind the Web3 protocol The Graph, has a new interim CEO, Brandon Ramirez. The same goes for the developers seeking to build decentralized apps, or dapps, as they're commonly called. Companies such as the decentralized-finance startups Sushi and Lido and the crypto research startup Messari have used The Graph for their development. Like many blockchain developers, Ramirez earned his programming chops in enterprise software. Ramirez, Tal, and Pohlmann founded The Graph in 2018 to help create some of that basic infrastructure.
New Delhi CNN Business —Indian businesswoman Swati Daga first bought bitcoin in 2017, when the cryptocurrency was trading well under $3,000. “I find stock markets boring,” she told CNN Business, adding that she enjoys the “thrill” and “recklessness” that comes with investing in volatile currencies. The growth is driven by younger investors — mostly under the age of 35 — and many of them are coming from smaller cities and towns, founders of two of India’s biggest crypto exchanges told CNN Business. WazirX also has over 10 million users, and called 2021 a “phenomenal year” for crypto trading in India. On-again, off-again relationshipThe excitement over crypto is rising in India despite the country’s on-again, off-again relationship with digital currencies.
Total: 8