Enlarge / Batteries roll through an automated assembly line. (credit: xPACIFICA/Getty Images) On Monday, the US Department of Energy announced that it was releasing over $3 billion in funds to stimulate the production of batteries within the country. The funding is divided into two chunks, one intended to spur the processing of battery materials and manufacturing […]
Enlarge / New funds to replace Sky Mavis’ hacked money are… in the cards. Sky Mavis, the developer of non-fungible token-based game Axie Infinity, announced Wednesday that it has raised an additional $150 million in venture funding. The company says the money “will be used to reimburse user funds affected by the Ronin Validator Hack, […]
After his hometown was destroyed, Mark Pavlyukovskyy is rethinking Eastern European politics and trying to keep his family and employees safe. Read More
One reason women aren’t scoring a new line of credit: They’re not asking. Read More
The new round of layoffs follow four months associated with chaos at the company that will likely threaten the digital mortgage unicorn’s plans to go public. Read More
Menlo Park-based Aha! surpassed $100 million in annual recurring revenue at the end of last year, plus it’s been profitable almost since the start. Read More
The crypto exchange and institutional lender is on the hunt for a $18 to $20 billion valuation. It’s unlikely it’ll get it. Read More
Enlarge / COVID-vaccine-maker Moderna (right), has been placed in the ranks of Martin Shkreli (left). (credit: Drew Angerer / Florian Gaertner / Getty Images) One of the leading developers of COVID-19 vaccines has now been placed in the ranks of people like Martin Shkreli—the disgraced pharmaceutical executive infamous for jacking up the price of an […]
The year 2020 was demanding for many businesses, however it’s turned into a wonderful alternative for brokerages. Buoyed by a record amount of new retail merchants, companies like Robinhood and Fidelity have undergone record amounts of the trading. This trading explosion, together with the prevalence of newer app-based platforms such as Robinhood, has produced a […]