Felix Capital closes $300M fund to double down on DTC, break into fintech and make late-stage deals

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To kick off 2020$35 billion and $36 billion in 2019Felix CapitalAlthough it wasn’t something especially articulated in startup land at the time of Felix’s launch, what the firm was homing in on was a rising category of direct-to-consumer startups, essentially … Continued

A Chinese digital currency is the real threat, not Facebook’s Libra | Kenneth Rogoff

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Western governments need to start thinking about their response to currencies they cannot control The Facebook chief executive, Mark Zuckerberg, was at least half right when Congress that there measures were quickly lifted. For Russia, sanctions have been in place … Continued

Libras critics are missing the forest for the trees

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Nik Milanovic proposed stablecoin. jumped shipdirect pressureturned intoassailedannouncedCritics, though well-intentioned, are missing the forest for the trees. Governments should heed the lesson of the U.S.-Soviet space race of the 1970s and use the idea behind Libra, if not the project … Continued

China Roundup: Xis power on bitcoin, the rise of Alibabas new rival

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Welcome back to TechCrunch’s China roundup, a digest of the latest events that happened at major Chinese tech companies and what they mean to tech founders and executives around the world. Alibaba’s nemesis Alibaba’s new rival is shaking up China’s … Continued

How the wheels came off Facebook’s Libra project

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Support for Mark Zuckerbergs mission to reshape global finance is slipping away slowly but surely When quit in dramatic fashion in recent weeks, including PayPal, eBay, Visa and Mastercard, as concerns mount. One by one theyre starting to drop away. … Continued

IRS warns crypto holders: dodge tax and we’ll hand out stiff punishments

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Service sending out warning letters to more than 10,000 people holding digital currency and says taxpayers should take these very seriously Watch out, crypto-heads the taxman cometh. The Internal Revenue Service has begun mailing more than 10,000 letters to cryptocurrency … Continued