Month: January 2023
Buy with Prime, which brings Prime to third-party sites, officially launches in U.S. on Jan. 31
Amazon announced this morning it’s expanding its Buy with Prime service to U.S.-based merchants by the end of the month. The service, which allows third-party merchants to offer Prime benefits like free shipping and returns on their own apps, was initially only available to those merchants who were already using Fulfillment by Amazon (FBA) to … Read more
A timeline for startup M&A processes: Key steps and factors to consider
Vishal Lugani Contributor Share on Twitter Vishal Lugani is general partner and co-founder at Acrew Capital. I have recently been a part of a few M&A processes at companies I work closely with. These transactions involved private companies selling to larger companies (public and private) and were all-cash transactions. This inspired me to chronicle best … Read more
DeFi Protocol Yearn Finance Will Now Let Anyone Create Curve Reward Farms
Yearn was among the first yield aggregators in the now-mature decentralized finance ecosystem.
Coinbase lays off a fifth of staff as crypto downturn continues
Illustration by Alex Castro / The Verge Cryptocurrency exchange Coinbase is the latest tech company to announce mass layoffs. In an email to staff on Tuesday, CEO Brain Armstrong said the company would be letting 950 employees go as it attempts to “weather downturns in the crypto market.” The email was made public on the … Read more
Bitcoin Holds Steady Above $17K, US Dollar Tepid Ahead of Powell Speech
“There is much interest in whether Chair Powell, who speaks at a Riksbank event, uses the opportunity to underscore the December minutes, which pushed back against the easing of financial conditions,” one observer said.
Google’s Extension SDK aims to bring latest features to older Android versions
Fragmentation has been a longstanding complaint about the Android ecosystem. Often users miss out on features of the latest Android version because they are using older devices that are no longer updated. To reduce the gap, Google has released the first public version of the Extension SDK, which aims to bring features of the latest … Read more
Coinbase to cut another 20% of its workforce in the second wave of layoffs
Crypto exchange Coinbase announced a further restructuring plan that involves reducing its workforce by 950 employees to cut operational costs amid the bear market.
Coinbase to cut 20% jobs, abandon ‘several’ projects to weather downturns in crypto market
Coinbase plans to cut 950 jobs, or about 20% of its workforce, and shut down “several” projects as the U.S. crypto exchange giant looks to reduce its expenses to increase its “chances of doing well in every scenario.” This is the second round of major layoff at the crypto exchange, which eliminated 18% of its … Read more
Microsoft partners with AiFi to launch Smart Store Analytics, a tracking service for cashierless outlets
In partnership with AiFi, a startup that aims to enable retailers to deploy autonomous shopping tech cost-effectively, Microsoft today launched a preview of a cloud service called Smart Store Analytics. A part of Microsoft’s Cloud for Retail product suite, Smart Store Analytics provides retailers using AiFi’s technology with shopper and operational analytics for their fleets … Read more
Tinder and other Match dating apps will offer in-app tips on avoiding romance scams
Match Group, the parent company to dating apps Tinder, Hinge, Match, Plenty of Fish, Meetic and OurTime, among others, announced today the launch of a new campaign that will introduce in-app messages and email notifications to give users tips on how to prevent being scammed online. Tinder and French online dating app Meetic will prompt … Read more
Coinbase Cuts Around 20% Workforce as Crypto Winter Rages
Crypto exchange Coinbase has said it is planning to reduce its headcount by around 950 employees as part of a restructuring which it expects to be complete by the end of Q2 2023.
Bernstein: Recent Gains in Some Cryptocurrencies Caused by Short Covering
Altcoins such as solana and lido have gained more than 20% as investors betting on a decline covered their positions, the report said.
Coinbase cuts staff by a further 20%
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Bitcoin price holds $17K into Fed Powell speech as GBTC jumps to multi-month highs
Bitcoin, crypto and risk asset traders await dovish signals from Fed Chair Jerome Powell ahead of fresh CPI data later in the week.
Ripple exec expects more crypto acquisitions by TradFi in 2023
Crypto acquisitions in 2023 will further strengthen the industry in the aftermath of casualties like the FTX collapse, a Ripple exec predicted.
Bonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There’s a Catch
A representative told CoinDesk that all BONK tokens used to mint the NFTs will be permanently burned.
The UK’s first-ever rocket launch ends in failure
The LauncherOne rocket (visible under the left wing) was carried by the modified 747 Cosmic Girl to its launch destination over the Atlantic Ocean. | Photo by Matthew Horwood/Getty Images What should have been a historic moment for the UK ended in failure last night after an undisclosed “anomaly” prevented the country’s satellite mission from … Read more
Nigeria to create the stablecoins and ICOs legal framework
The necessity to create a legal framework for stablecoins is marked in the latest Central Bank of Nigeria strategy paper.
Indian edtech Unacademy cuts upskilling service to double down on tests product and LinkedIn rival
Unacademy said on Tuesday that Relevel, its upskilling product, is shifting focus to tests product and the newly launched LinkedIn rival NextLevel, the latest in a series of changes from the Indian edtech unicorn as it scrambles to aggressively find the next breakthrough. As part of the move, about 40 people at Relevel will be … Read more
OpenAI in talks to back Zeloof and chip legend Keller’s startup at $100 million valuation
Sam Zeloof is a popular name on YouTube and tech Twitter. For years, he has been documenting his impressive journey of building silicon chips at his garage. What most people don’t know is that Zeloof has been working to take this expertise to its next logical level. Zeloof has partnered with engineering veteran Jim Keller … Read more