Binance.US, the American affiliate of global crypto exchange Binance, raised a $200 million equity seed round that values the exchange at $4.5 billion. Investors in the round included RRE Ventures, Foundation Capital, Original Capital, VanEck and Circle Ventures. The funding, which the company said will go toward enhancing its spot trading platform and developing new products and initiatives,...
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Musk-Twitter Drama Jumps the Shark
We’re now at that part of the Elon Musk–Twitter drama where—as happens for some long-running TV shows—the plotline has gone off the rails. Of course, this isn’t a TV show, although there likely will be one, and I nominate Jonah Hill to play Elon Musk. And what seems off the wall is just life in Musk’s world. It’s a little like the alternate reality Donald Trump creates to replace a less...
China’s Vice Premier Vows Support for Tech Sector, IPOs
Apple Delays Plan For Workers To Return to Office 3 Days a Week
Netflix Lays Off 150 People
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Within Silicon Valley power circles, being “on the beach” is a euphemism that covers a continuum of unemployment, from “retired rich” to “brief pause between high-powered jobs.” Tony Fadell has been metaphorically on the beach for six years, ever since leaving Google, which paid $3.2 billion for Nest Labs, the maker of smart thermostats he co-founded, in 2016.