Author: Benjamin

Japanese company Metaplanet has revealed plans to acquire 1 billion yen (approximately $6.5 million) worth of Bitcoin as part of its corporate treasury strategy, following in the footsteps of MicroStrategy’s notable Bitcoin accumulation. Listed on the Tokyo Stock Exchange, Metaplanet is a diversified enterprise that announced its Bitcoin purchase initiative on X, citing concerns about hedging risks associated with currency devaluation and inflation. Described as an “initial commitment,” the Bitcoin acquisition is just one aspect of Metaplanet’s broader adoption of Bitcoin’s potential. Notable partners supporting this move include hedge fund manager Mark Yusko, UTXO Management, and Sora Ventures. By adopting…

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Kiki World, a beauty brand disrupting with web3 technology for customer collaboration and ownership, secures a $7 million seed round from a16z and The Estée Lauder Companies’ New Incubation Ventures, among others. The startup, founded last year, aims to empower consumers to co-create products and have a stake in the company’s ownership using blockchain technology. Jana Bobosikova, Kiki’s co-founder, emphasizes the shift from traditional loyalty experiences to a more engaging and rewarding model for users. Community members participate in product decision-making through voting, earning rewards like free products and digital tokens. This approach not only enhances user engagement but also…

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Tuesday 09 April 2024 12:26 pm Private equity firm CVC Capital Partners is reportedly planning to launch an IPO on the Amsterdam Stock Exchange as early as next week. The London-based firm, known for backing the Six Nations, is considering a float of approximately €15 billion (£12.8 billion), according to reports from Sky News’ Mark Kleinman. Sources suggest that CVC could announce the IPO within ten days, but the success of the float is described as being “on a knife-edge.” This would mark CVC’s third attempt at an IPO, having first explored the idea in 2021. Previous plans were put…

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Network Rail has announced that services along routes such as Glasgow Central to Edinburgh via Shotts and Glasgow Central to Neilston are experiencing disruptions due to heavier rainfall than anticipated. Trains are operating at reduced speeds until 5 pm today (April 9). The Aberdeen to Inverness services in the north of Scotland are also affected. In a statement on social media, a Network Rail spokesperson mentioned that these speed restrictions are causing extended journey times. They are closely monitoring the weather forecast and actual rainfall and appreciate the understanding of those affected by these disruptions. Source link

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Family location services provider Life360 has introduced a new feature in its apps that automatically notifies friends and family members when you arrive at a destination after flying. This notification feature utilizes phone sensors to track location, altitude, and speed to identify flight activities. Its algorithms can detect takeoff and landing times, sending alerts to family members once the user reconnects to the network post-landing. According to Life360, this landing notification feature offers a convenient alternative to online flight trackers or waiting for updates from travelers. The feature is enabled for all users with the latest app update and can…

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The Ghanaian fintech startup Zeepay recently secured a $3 million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in 2024. Solidifying Zeepay’s Position in Africa The Ghanaian fintech startup, Zeepay, recently secured a $3 million […] Source link

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Sprinto, a platform specializing in security compliance and risk management, has secured a $20 million Series B funding round. This investment will enable the company to enhance automation within its compliance management platform and expand its customer base to encompass a wider range of digitally-operating companies that may not be tech-centric. The importance of complying with frameworks like SOC 2, GDPR, and HIPAA has grown significantly for companies across various industries, ensuring data security and privacy. However, managing compliance remains a complex process for many businesses, involving regular record-keeping and data flow monitoring. Sprinto is focusing on automating security compliance…

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