Circle, the company that issues USD Coin (USDC), one of the largest stablecoins by market capitalization, said that it has thrown out its prior deal with a special purpose acquisition company (SPAC) and entered into a new one that values the startup at $9 billion. That’s double the valuation of its July agreement with the same SPAC, Concord Acquisition Corp., run by former Barclays CEO Bob...
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Meet The Information’s New Financial Power Brokers
Jamie Dimon won’t run JPMorgan Chase forever, and Marc Andreessen will one day give way to the next generation of investors. The Information has identified the bankers, executives and investors who could replace them by stepping into the upper echelons of the finance industry in the years to come. They are The Information’s New Financial Power Brokers: the people who will run...
Alphabet’s DeepMind and Google Brain Set Aside Rivalry, Target OpenAI
Startup Wiz Finds Critical Azure Flaw Tied to Bing Search
ByteDance Promoting Lemon8, New Community App in U.S.
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