Deliveroo, Graphcore and other big UK startups say theyre being cut out of COVID-19 lending relief

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The U.K. government, like a number of other countries around the world such as the U.S., has stepped up its pace in providing relief in the form of loans for businesses being impacted by the coronavirus health crisis and the … Continued

Verizon increases network infrastructure investment by $500M

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Verizon said Thursday it will boost investment in network infrastructure, increasing its capital guidance by $500 million, to prepare for the rise in telecommuting and online learning amid the coronavirus outbreak. Verizon has not seen any measurable increases in data … Continued

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

Cryptocurrencys bad day continues as the SEC blocks Telegrams $1.7 billion planned token sale

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Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegram’s blockchain. The move … Continued

The Great Hack: Netflix doc unpacks Cambridge Analytica, Trump, Brexit and democracys death

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It’s perhaps not for nothing that The Great Hack — the new Netflix documentary about the connections between Cambridge Analytica, the U.S. election and Brexit, out on July 23 — opens with a scene from Burning Man. There, Brittany Kaiser, … Continued

What will save crypto?

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Sulaiman al-Fahim New York Times article, bitcoin enthusiasts in the U.S. wrongly predicted the involvement of Wall Street institutions and investors in cryptocurrency, which would have given it legitimacy. Instead, the opposite effect has taken place: big investors have avoided … Continued

Capital.com powers Currency.coms world first in tokenising government bonds

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With the SEC recently releasing its long-awaited guidance on crypto token issuers, it’s becoming clear that the crypto world is edging closer to the traditional financial world. New players are joining the sector who hail from traditional finance and trading … Continued

Canoo, the electric vehicle startup formed from Faraday Futures ashes, seeks $200 million

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Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch of private individuals and family … Continued

Beating back bears, Bitcoin briefly balloons beyond $4,900

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Bitcoin went on a tear in early morning trading earlier today, popping up to above $4,900 and reminding some investors of the good old days of 2017. The currency is still trading up above 15 percent at $4,782.60, which is … Continued

Social investment platform eToro acquires smart contract startup Firmo

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Firmo’s platform enables exchanges to execute smart financial contracts across various assets, including crypto derivatives, and across all major blockchains. Firmo founder and CEO Dr. Omri Ross described the company’s mission as “…enabl[ing] our users to trade any asset globally … Continued