The Peter Thiel-backed company had managed to triple its valuation in five months and has currently secured $263 million in a fresh funding round.
The Chinese call these measures “rectification” meaning that authorities are bringing these companies in line with regulation.
Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology, Alibaba, has launched a new marketplace that permits copyright holders to auction Non-Fungible Tokens that represent licenses to their Intellectual Property.
Sroge’s appointment as interim CEO of BinanceUS comes in the wake of Brian Brooks’ resignation after serving in the position for less than four months.
On Monday, the TikTok sharing feature went live for all Audius users. The deal with TikTok is a huge step towards an influx of new music artists and their popularity growth.
Figment will deploy these funds towards building robust infrastructure offering yield on digital tokens and other assets. Besides, it also p[lans to diversify the breadth of its services.
The project revolves around exploring the advantages of a Central Bank digital currency that could enjoy convenient money transfers with high-end technology.
PharmaCann, a major vertically integrated cannabis company in New York, intends to raise funds through an initial public offering (IPO).
The declining trend in the jobless claims and under-control inflation data has spurted optimism in the market.
According to Adidas, the new transaction will not change its financial outlook for this year. It will also not impact its previously announced long-term targets. The main part of the 2.1 billion euros will be paid in cash.
Back in February this year, Reddit raised $410 million from Fidelity in a Series E funding round. The total funds brought by the round made up $500 million, which made the company’s valuation total $6.5 billion.
With the growing backing from its investors and partners, Horizen Labs aims to continue its push of helping businesses build and integrate its technologies as it has done for the past two years.
Now with unicorn status, TaxBit intends to use funds received from the Series B funding to expand physical operations into the UK and the US.
Facebook has notably maintained that its acquisitions are not targeted at stiffening competitions.
As China gets stricter with its regulatory rules, a lot of issuers get more panicking, but Hong Kong’s IPO pipeline continues to remain strong.