Coinbase announced Thursday that it has hired a country director in Canada and has signed an updated agreement with securities regulators, as the country tightens its crypto regulations. Canadians can already use Coinbase to trade crypto but Coinbase appears to be trying to establish a formal presence in response to the regulatory moves. Canadian regulators announced last month that crypto...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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