Softbank leads $800M investment for banking app Revolut
Now valued at $33 billion, Revolut didn’t rule out a potential IPO this year, but the firm’s CFO suggested that it was unlikely. Go to Source Powered by WPeMatico
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Fantasy soccer NFT platform Sorare reportedly closing in on $532M in funding
Sorare is reportedly closing in a half a billion dollar funding round with a valuation of at least $3.8 billion. Go to Source Powered by WPeMatico
Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin
The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds … Read more
SoftBank founder hesitant on Bitcoin but says it ‘can’t be ignored’
SoftBank’s Masayoshi Son compares the popularity of Bitcoin to diamonds and bonds, but he still remains unsure about it. Go to Source Powered by WPeMatico
Softbank-Backed Wework Adopts Crypto as Form of Payment and Holds in Balance Sheet
Global space provider Wework has announced that it will now accept payment in select cryptocurrencies. The company has partnered with Bitpay and Coinbase for inbound and outbound transactions. In addition, the Softbank-backed company says it will also hold the currency on its balance sheet. Wework Dives Into Crypto Wework announced Tuesday several initiatives regarding cryptocurrencies. … Read more
Cryptocurrency and Stock Trading Platform Etoro Aims to Go Public Through a $10.4 Billion SPAC Deal
The online cryptocurrency and stock brokerage platform Etoro has announced the company is going public via a deal with a special purpose acquisition company called Fintech Acquisition Corp V. The Etoro merger is a $10.4 billion deal, backed by the banking entrepreneur and Fintech Acquisition Corp V chair Betsy Cohen. Etoro Enters a Special Purpose … Read more
Japanese telecoms giant Softbank Corp joins crypto regulatory group JSTA
Softbank’s telecoms arm is set to become the latest member of the Japanese Security Token Association. Go to Source Powered by WPeMatico
Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls the gaming division. Nvidia said … Read more
Crypto will be useful but Bitcoin is hard to understand, says SoftBank CEO
Masayoshi Son found Bitcoin to be “distracting his own focus on his own business.” Go to Source Powered by WPeMatico
SoftBank Loses Alibaba’s Jack Ma and Posts Worst Losses in History
Founder of e-commerce giant Alibaba is stepping down from SoftBank’s board as the firm posts the worst losses in its history Go to Source Powered by WPeMatico