A Crypto Winter King Wants to Reanimate the Industry

(Bloomberg Businessweek) — The so-called crypto winter has wiped out $2 trillion in digital currency market value since November, and many investors have gone into hibernation. Yat Siu, the head of Hong Kong-based Animoca Brands Corp., is on the offensive. Animoca, Asia’s biggest investor in blockchain projects, is assembling a vast portfolio of finance, gaming, … Read more

How Three Arrows Capital Blew Up And Set Off A Crypto Contagion

Su Zhu and Kyle Davies turned 3AC into the most important hedge fund in crypto, but they bet everything on prices only going up.

Ex-Bankers’ Study-Abroad Startup Nears $ 1 Billion Unicorn Status

Owl Ventures led the round, with Steadview Capital and Paramark Ventures as well as existing investors Jungle Ventures and Sequoia Capital India participating, the company, known by its brand name Leap, said Wednesday in a statement. Its valuation has doubled since a September fundraising and is nearing $ 1 billion, co-founder Vaibhav Singh, 37, said … Read more

KKR Veteran Hunts for India’s Startup Stars With New Fund

Sorin Investment Management, whose name comes from Romanian word for sun, has raised $ 125 million from investors including family offices of Nayar and the Banga family of Caravel Group, Nayar said in an interview in Mumbai on Wednesday. The fund plans to back about 10 startups, focusing on sectors including consumer tech, fintech and … Read more

A New Prediction Market Lets Investors Bet Big on Almost Anything

(Bloomberg Businessweek) — On Nov. 3, 2020, Election Day, two young entrepreneurs received a call from the chairman of the Commodity Futures Trading Commission with some important news. Luana Lopes Lara and Tarek Mansour had spent the past 18 months trying to get permission to start an ambitious and controversial new type of financial exchange—one … Read more

Zilingo Fires CEO as Clash Over Embattled Startup Escalates

Zilingo Pte has fired co-founder Ankiti Bose, deepening a dispute over accounting practices that’s plunged the once high-flying startup into crisis and sent shockwaves through Singapore’s technology industry.

Musk Declares $ 44 Billion Twitter Takeover ‘On Hold’

Bots are currently allowed on Twitter, though under company policies such accounts are supposed to indicate that they are automated. The platform has even launched a label for “good” bots, such as @tinycarebot, an account that tweets self-care reminders. Spam bots, however, are not permitted, and the company has policies meant to combat them.