Coinbase and Mastercard are in advanced discussions to acquire stablecoin startup BVNK for about $2 billion.
Interest Grows in Stablecoin Acquisitions About a year after Stripe’s $1.1 billion acquisition of stablecoin startup Bridge, Coinbase and Mastercard are now exploring their own acquisition of BVNK, a London-based stablecoin company. This information comes from six sources close to the negotiations who requested to remain anonymous due to the sensitive nature of the discussions. […]
SEC investigates startup Dream Exchange for possible connections to Scientology, according to a report.
The Federal Reserve is looking into potential connections between the Dream Exchange and the Church of Scientology, following allegations from a whistleblower regarding the misuse of investor funds. In the past few weeks, the Securities and Exchange Commission (SEC) has spoken to former employees of Dream Exchange as the company seeks approval to operate as […]
SpaceX plans to invest $2 billion in Elon Musk’s xAI startup, according to reports.
Investment in AI Company Xai by SpaceX Kevin O’Leary, the chairman of O’Leary Ventures, recently addressed various topics, including Zohran Mamdani’s win in the NYC mayoral race, the connection between President Donald Trump and Elon Musk, and the significance of policies emerging from the “big beautiful bill” alongside the TikTok issue. SpaceX has reportedly invested […]
AI startup that took legal action against OpenAI is now suing a former employee.
A fierce competition is evolving in the realm of communication with artificial intelligence chatbots, and Openai is in a turbulent trademark battle related to a covert collaboration with renowned iPhone designer Jony Ive. In a new turn of events, the tech startup IYO Inc. has taken legal action against IVE and Openai CEO Sam Altman […]
Nvidia Supports Nuclear Energy Startup Established by Bill Gates
Nvidia Backs Terrapower with $650 Million Funding Round Nvidia recently participated in a $650 million funding round for Terrapower LLC, a nuclear energy startup established by Bill Gates. The company aims to advance its plans for new reactor projects in Wyoming. According to reports, this funding round attracted existing and new investors, including Nvidia’s venture […]
Ubyx, a startup for stablecoin clearing, secures $10M in funding supported by Galaxy, Coinbase, and others.
Ubyx Secures $10 Million for Global Stablecoin Clearing System A startup named Ubyx, started by ex-Sit Group executive Tony McLaughlin, has successfully raised $10 million to develop a worldwide clearing system for stablecoins, which aims to enhance the usage within the sector. This funding round was led by Galaxy Ventures and includes investment from Coinbase […]
Palmer Luckey from Anduril plans a digital bank startup called ‘Erebor’, according to sources.
Palmer Lucky Backs New Crypto-Friendly Banking Startup Palmer Lucky, the tech innovator behind Andrill, is now lending his support to a new banking startup that’s taking a fresh look at the financial landscape, particularly focusing on crypto solutions. At 32, Lucky aims to bolster up-and-coming financial firms that provide stability, especially for tech entrepreneurs seeking […]
Stripe Purchases Startup Privy to Enhance Bitcoin Approach
Stripe Acquires Bitcoin Wallet Provider Privy Stripe Inc. has announced its acquisition of Privy, a provider of Bitcoin and crypto wallet infrastructure. This marks Stripe’s second significant acquisition focusing on digital assets this year, following its $1.1 billion purchase of Stablecoin firm Bridge. Privy specializes in enabling companies to integrate Bitcoin and crypto wallets into […]
The Unusual Concept Behind Alumni Ventures: Growing from a Small Startup to One of America’s Leading Venture Capital Firms
Alumni Ventures: A New Era in Venture Capital Alumni Ventures has rapidly emerged as one of the most active venture capital firms in the United States, boasting a portfolio that includes 1,500 companies—31 of which are unicorns, along with 14 IPOs and 148 acquisitions. Not too shabby for a firm that started in 2014 with […]
Former Apple executive Jony Ive partners with OpenAI in a $6.5 billion acquisition of an AI devices startup
Jony Ive Joins OpenAI in Major Acquisition Renowned iPhone designer Jony Ive is set to join OpenAI following the acquisition of his artificial intelligence hardware startup, IO, which was purchased by the creators of ChatGPT in a significant deal worth nearly $6.5 billion, as announced on Wednesday. This acquisition marks the largest in OpenAI’s history, […]