Circle has announced that it plans to become a public company. The cryptocurrency company will merge with Concord Acquisition Corp, a SPAC. Circle is better known as one of the founding members of the Centre consortium with Coinbase. Along with other crypto partners, they have issued USD Coin (USDC), a popular stablecoin. A SPAC is…
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It’s been quite the year for crypto capital, what with Coinbase’s blockbuster debut earlier this year in a direct listing and A16Z raising $2.2 billion for its third crypto-focused fund. But as the numbers in this frenetic market continue to skyrocket to dizzying highs, there is an open question for a lot of crypto founders:…
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Even as NFT sales dip below their most speculative highs, startups aiming to tap into their potential are still scoring big funding rounds from investors who believe there’s much more to crypto collectibles than the past few months of hype. Mythical Games, an NFT games startup based out of Los Angeles, has banked a $75…
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Hello friends, and welcome back to Week in Review! Last week, I wrote about tech taking on Disney. This week, I’m talking about the search for a new crypto messiah. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny. The…
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Pooh Bear followed Eeyore’s bearish view and Tigger’s bullish view at The Pooh Corner Debate on DeFi by calling on his moderator privilege to sum up. As he put it, “my name is on door so you have to listen to me”. He pointed to one slide with 4 risks; – Financial Risk. DeFi is…
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The count of captive insurance companies globally is estimated to be over 7000, domiciled in 70+ jurisdictions. Captives have been established by nearly 70% of Fortune 500 companies in the USA. The high captive proliferation among large corporations in advanced markets in now spreading to Asia and Latin America. Globally, 46% of companies are reported…
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The attendees at the decentralised conference entitled The Pooh Corner Debate on DeFi cheered Tigger when he went on stage. This was not surprising because a) most of the attendees were DeFi fans and b) Eeyore’s advice to investors to be wary of DeFi was a bit depressing. Tigger, bouncing up and down in his…
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Hello friends, and welcome back to Week in Review! Last week, I wrote about Facebook’s never-ending Trump problem. This week, I’m looking at Elon Musk’s wild week of whipping crypto markets. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny.…
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Monica Long Contributor As the price of bitcoin hits record highs and cryptocurrencies become increasingly mainstream, the industry’s expanding carbon footprint becomes harder to ignore. Just last week, Elon Musk announced that Tesla is suspending vehicle purchases using bitcoin due to the environmental impact of fossil fuels used in bitcoin mining. We applaud this decision,…
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Solana isn’t widely known yet outside of the crypto community. But insiders think the blockchain platform is interesting for a wide variety of reasons, beginning with its amiable founder, Anatoly Yakovenko, who spent more than a dozen years as an engineer working on wireless protocols at Qualcomm and who says he had a lightbulb moment…
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