Imbue has a $1 billion valuation and access to 10,000 Nvidia H100 GPUs, but its founders Kanjun Qiu and Josh Albrecht say it could be years away from revealing a product.
The Stellar Development Foundation, a nonprofit organization created by Jed McCaleb in 2014, is owed $13.2 million by Genesis, the bankrupt crypto lending firm.
On September 24, the newly established XRP Ledger Foundation (XRPLF) announced its existence. While the currently available information leaves a lot of open questions, I have asked the foundations spokesperson to elaborate.
The boom times for financial technology startups rolled on in 2019, with some gargantuan leaps in valuations. Total VC funding for private U.S. fintechs reached $18 billion, compared with $13 billion in 2018.
Lightnet, a Bangkok-based fintech company, has raised US$31.2 million in its latest “Series A” financing round led by UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities.
In February that year, discussion on BitcoinTalk pondered what the Bitcoin currency symbol should look like, with a user on BitcoinTalk suggesting the thai baht be used.
Jed McCaleb, co-founder and CTO of Stellar, a value-transfer network that strives to be a faster and cheaper way to send money, doesn’t consider himself a disruptor –– but he did want to disrupt things.
Over the past two years Ripple has been selling notable amounts of its XRP holdings. After cofounder Jed McCaleb left Ripple several years ago, he went on to cofound Stellar in 2014, which is giving away up to $124 million in XLM, at a time when most crypto assets are facing regulatory uncertainty.
UK-based payment platform, Wirex, has announced the launch of 26 fiat-backed stablecoins on the Stellar Network. Wirex’s main focus is to add support for local currencies with the aim of using stablecoins for international transfers.
In a bid to dethrone Silicon Valley as the king of emerging technology, New York City is announcing its first-ever “Blockchain Week,” which will run from May 11 through May 17.