Burnt Finance is a crypto startup which, as a stunt, burnt a Banksy artwork and but then the NFT they’d minted for it for $400,000, double what it cost on the ‘normal’ open art market. Based on the idea that auctions for NFTs could be improved, it went on to raise $3 million for a […]
Turkey’s Spyke raises $55M in a seed round to bring a social twist to casual mobile games
Istanbul has become a city to watch when it comes to casual gaming startups, boosted by the likes of Peak (acquired by Zynga for $1.8 billion) and Dream (valued at $1 billion in a funding round last year). Now, a new startup is announcing a major round of funding to make its own mark on […]
Tado, the German smart home energy startup, plans to go public via a SPAC at a €450M valuation
Tado, the German smart home startup that specializes in thermostats and more recently moved into flexible “time of use” energy tariffs based on loadshifting technology, is today announcing the next step in its life as a business. It’s going public by way of a SPAC deal. GFJ ESG Acquisition, a German SPAC entity focused specifically […]
Global Processing Services adds $100M to its coffers to grow its embedded finance and API payments platform
Embedded finance continues to be the engine driving the growth of fintech, with one group of companies building core banking, payments and other financial technology, and a much bigger group tapping that technology through APIs to build customer-facing businesses. Today, one of the bigger players on the core technology side — Global Processing Services — […]
The Metaverse Is Already Here For Cows And It’s Very Sad
In Turkey, a rancher has begun putting virtual reality headsets on some of his cattle to see if the animals produce more milk when they believe they are outside in a nice, sunny field. Early results from the experiment are positive, but the actual sigh…
40 People Arrested For Alleged Twitch Money Laundering Scheme
On Tuesday, Turkish police in eleven different provinces took forty suspects into custody for an alleged money laundering scam that used the Twitch streaming platform.Read more…
Riot Games Reaches $100 Million Settlement In Gender Discrimination Lawsuit
Back in 2018, former Riot Games employees Melanie McCracken and Melanie McCracken and Jes Negrón filed a class action suit against the League of Legends publishe over endemic gender-based discrimination and fostering a “men-first” environment. A settle…
Meme Stock GameStop Now Accepts Meme Cryptos Like Doge
In a year which began with memes helping to propel GameStop’s junk stock price into the stratosphere, it’s only fitting that the shrinking video game retailer should cap the frivolities off by cozying up to cryptocurrencies. Last week, GameStop apparen…
Ad exchange OpenX slapped with FTC fine for collecting location data on children
OpenX, an advertising tech company, will pay $2 million to the U.S. Federal Trade Commission to settle allegations that the company violated federal children’s privacy law. In a complaint filed in the U.S. District Court for the Central District of California, the FTC alleges that OpenX violated the Children’s Online Privacy Protection Act (COPPA) by […]
UBQ Materials’ plastic replacement product attracts $170M from impact investor TPG Rise
UBQ Materials, which claims it has developed a plastic-like material made from 100% unsorted household waste, has raised a $170 million funding round led by TPG Rise, TPG’s global impact investing platform, made through TPG Rise Climate, the firm’s dedicated climate investing fund, and The Rise Funds, its multi-sector impact investing fund. The financing round […]