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Michael Gilroy, the former head of fintech at crypto-friendly investment firm Coatue Management, is co-founding a new venture capital firm, according to Bloomberg, citing people familiar with the matter. Gilroy is teaming up with technology investor Gokul Rajaram, a current board member of cryptocurrency exchange Coinbase, to raise up to $500 million for the firm's first fund. The two are in discussions with anchor investors about raising money, but it won't be until...
Citing a report by crypto derivatives trading platform Derive.xyz, Bloomberg reported that bitcoin's put and call options were evenly distributed throughout October, indicating that speculators were preparing for both a rising and falling trend ahead of the U.S. election.
On October 17, Bloomberg reported, citing people familiar with the matter, that payment company Stripe Inc. is in advanced talks to acquire financial technology platform Bridge, but no final decision has been made yet, and either party may still withdraw from the deal. Bridge's platform is designed to allow businesses to create, store, send and receive stablecoins such as Tether's USDT and Circle's UDSC. According to Fortune magazine in August this year, the startup raised a total of $58 million...
According to NBC News, citing U.S. officials, Israel is considering attacking Iran's energy facilities.
On July 30, according to Bloomberg, citing people familiar with the matter, crypto infrastructure provider Anoma Foundation is in talks for a new round of financing that could reach a valuation of $1 billion. The Zug-based Anoma Foundation has held discussions with potential investors about a $40 million financing. The source requested anonymity because the negotiations are private information. The people familiar with the matter said that the negotiations are still ongoing and the terms may cha...
