Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist

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Sophia Wood Ebanx$1 billion valuationPagSeguroStoneCoConektaKushkiemotional roller coaster Last-mile delivery and logistics became a very competitive space in Latin America in 2018. Then in mid-October 2019, Uber announced it would take a 51% stake in Cornershop for a reported , quadrupling … Continued

NYSE operators crypto project Bakkt brings in $182M

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The Intercontinental Exchange’s (ICE) cryptocurrency project Bakkt celebrated New Year’s Eve with the announcement of a $182.5 million equity round from a slew of notable institutional investors. ICE, the operator of several global exchanges, including the New York Stock Exchange, established … Continued

One of cryptos longest-running exchanges has been sold

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One of the longest-standing crypto exchanges has new owners after Europe-based Bitstamp was sold to South Korea’s Nexon, marking the gaming firm’s second such acquisition. The acquirer is NXMH, a Belgium-based PE and investment firm owned by NXC — the parent of … Continued

With at least $1.3 billion invested globally in 2018, VC funding for blockchain blows past 2017 totals

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Jason Rowley A little more than five months into 2018, reported dollar volume invested in VC rounds raised by blockchain companies surpassed 2017’s totals. Not just that, the nearly $1.3 billion in global dollar volume is greater than the reported … Continued

A16Z and Founders Fund sink $28M into IRL asset blockchain Harbor

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Harbor helps businesses legally issue cryptocurrency tokens that represent ownership of real-world assets like real estate, fine art, company equity, and investment funds. This “tokenization” might sound boring, but it could be a big business that unlocks trading of illiquid … Continued