SAN FRANCISCO — Elon Musk’s artificial intelligence company, xAI, has secured $6 billion in a Series C financing round, bringing its total funding to $12 billion. This announcement follows a $6 billion raise earlier in May, as reported by TechCrunch on Wednesday. The latest round saw participation from prominent investors including Andreessen Horowitz, BlackRock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, […]
Sanctions have complicated Russia’s trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators. December 25, 2024 Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to […]
Collaboration focuses on expanding access to seamless, secure, and innovative payment solutions across Eastern Europe, the Middle East, and Africa and Mastercard will make a minority investment in Dgpays as part of this partnership. 18 December 2024, Turkey – Mastercard has announced a strategic partnership with Dgpays, a leading financial technology provider, to advance the adoption of […]
Middle East expansion: Company strengthens international presence and signals commitment to Middle East by opening its first non-European office in Dubai. Dubai, UAE – Bitpanda, Europe’s leading crypto platform, is accelerating its global growth by obtaining an in-principle approval from the Virtual Assets Regulatory Authority (VARA) in under 8 months from submission. Once officially licensed Bitpanda will […]
NEW YORK: Several key players in President-elect Donald Trump’s new cryptocurrency venture head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region as the digital currency sets record highs. Speakers include the president-elect’s son Eric and billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder […]
Bitcoin crossed the $100,000 threshold for the first time on Thursday, marking a significant milestone in its journey from a niche libertarian experiment to a mainstream financial asset. The historic rally reflects growing investor confidence in cryptocurrencies amid expectations of a crypto-friendly U.S. administration. The total market value of cryptocurrencies has nearly doubled in 2024, […]
Munich, 03.12.2024 – The Munich-based B2B fintech startup StrategyBridgeAI hassuccessfully closed an oversubscribed seven-figure pre-seed financing round. The round wasled by D11Z. Ventures with participation from Bayern Kapital and renowned business angelsfrom the fintech, software and private equity sectors, including Kai Hesselmann, Co-Founderof DealCircle. With the new capital, StrategyBridgeAI plans to accelerate product developmentand further […]
A New Era of Payment TechnologyChina has witnessed a transformative leap in payment systems with the launch of Weixin Palm Payment, a cutting-edge hand-scanning technology developed by Tencent. This innovative solution simplifies daily transactions, allowing commuters to access subways and employees to enter office buildings with a quick palm scan. Introduced in May 2023 and officially launched […]
UK-based Watercycle Technologies is pleased to announce the closure of a $5.6 million Series A investment round led by Par Equity as part of a syndicate with Greater Manchester Combined Authority (‘GMCA’), Aer Ventures and the University of Manchester Innovation Factory. This investment will enable Watercycle to rapidly scale up and commercially deploy its technology to deliver […]
Worldpay has partnered with Mastercard to introduce an innovative virtual card solution tailored for travel agents, aiming to streamline payments and address long-standing industry challenges. In a press release issued on Wednesday (Nov. 20), Worldpay highlighted the persistent difficulties travel agents face in managing payments to suppliers such as airlines, hotels, and other travel service […]