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What El Salvador’s Bitcoin Recognition Could Mean; Bitcoin Maximalism in Miami

Welcome to TI Crypto Global, The Information’s latest newsletter exploring the rapidly changing world of cryptocurrency and blockchain. 

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Latest Articles
 
The Briefing Uber/Lyft Entertainment
Lyft’s Pandemic Is Far From Over
A Lyft drivers hub in San Francisco. Photo by Bloomberg
After the rush of the advertising-based internet firms reporting blockbuster growth, we’re coming down to earth this week with the ride-sharing companies Lyft and Uber reporting their second-quarter results. The verdict, at least so far: meh. Lyft went first today, reporting 125% growth in revenue from last year’s pandemic-crushed second quarter. That’s not as impressive as it sounds. With...
Latest Briefs
 
China’s Kuaishou Closes its TikTok Rival Video App
SoftBank Builds $5 Billion Stake in Drug Giant Roche
Lyft Posts Sharp Rise in Q2 Revenue But Still Below 2019 Levels
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Attorney-General Merrick Garland. Photo by Bloomberg
Exclusive Policy
DOJ Weighing a Lawsuit to Block UnitedHealth’s $8 Billion Change Purchase
The U.S. Department of Justice is weighing a possible lawsuit to block UnitedHealth’s $8 billion purchase of health care analytics and technology vendor Change Healthcare, according to people familiar with the matter.
Ramp co-founders Karim Atiyeh (left) and Eric Glyman. Photo courtesy of Ramp.
Exclusive Venture Capital Startups
Founders Fund, Iconiq Value Ramp at $3.8 Billion in New Funding Round
Corporate credit card startup Ramp is raising its fourth round of venture funding in under eight months, underscoring how back-to-back fundraising rounds—with relatively little business progress in between—is becoming the norm for startups in hot fields such as financial services.
Bumble signage at the Nasdaq when it went public in February. Photo by Bloomberg.
Markets
Where Has the IPO Lockup Gone? Tech Firms Trim Them Back
Some of last year’s most valuable tech initial public offerings, including Airbnb, Doordash and Snowflake, allowed pre-IPO shareholders to sell their stock before the traditional six-month waiting period expired.
Nvidia CEO Jensen Huang. Photo by Bloomberg
Exclusive Asia Semiconductors
China Antitrust Officials Delay Review of Nvidia’s $40 Billion Arm Acquisition
It’s not just Chinese tech companies that are facing difficulties with China’s ruling party.
Photos by Bloomberg; Shutterstock. Art by Mike Sullivan
Amazon E-commerce
Amazon’s Roads to Nowhere
For months, residents of Margo Drive, a narrow residential street on the outskirts of Charlotte, N.C., have puzzled over this question: Why do gigantic semitrucks hauling cargo for Amazon keep rumbling down their one-lane, dead-end road?
TaxBit co-founders Justin Woodward (left) and Austin Woodward (right). Photo: TaxBit, Shutterstock.
Exclusive Crypto Venture Capital
Crypto Software Startup TaxBit Triples Valuation in Insight-Led Round
TaxBit, a startup that develops tax software for traders of cryptocurrency, is raising over $100 million at a $1.5 billion valuation in a new funding round, according to three people with direct knowledge of the matter.