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News on Medial
a16z-backed Eco unveils Beam, a P2P crypto transfer service aiming to be a ‘global Venmo’
TechCrunch
·
2y ago
Medial
The crypto payments space is seeing a surge of activity these days as developers strive to make decentralized finance as user-friendly as web2 experiences. Eco Inc, an a16z-backed payments startup that’s raised $95 million in funding to date, just unveiled Beam, a P2P crypto transfer service aiming to be a ‘global Venmo’.
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Sam Altman's World Assets Raises $135M for Biometric ID Expansion, WLD Token Jumps 14% in 6 Cities | DeepNewz VC
deepnewz
·
3m ago
Medial
World Assets raised $135 million by selling WLD tokens to a16z and Bain Capital Crypto, aiming to expand its global biometric ID system. As a result, the price of WLD tokens increased from $1.15 to $1.25. The sale introduced over 100 million new tokens into the market, contributing to the increase. Now, 12.5 million individuals possess Orb-verified IDs, highlighting the growing reach of World Assets' biometric identification initiative.
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PayPal, Venmo users to gain early access to Perplexity's Comet AI browser - The Economic Times
Economic Times
·
8d ago
Medial
PayPal and Venmo users will receive early access to Perplexity's AI-powered Comet browser through a 12-month free Pro subscription trial. This Nvidia-backed startup offers AI search tools for summarizing information, aiming to compete with OpenAI and Google. The Pro subscription, valued at $200 annually, is part of PayPal's new subscriptions hub. Comet, launched in July, integrates AI tools into web browsing, with plans for a mobile version and collaborations with smartphone makers.
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Google realized Google Pay and Google Wallet are the same thing, so it’s getting rid of one of them
The Verge
·
1y ago
Medial
Google Pay, which replaced Google Wallet and Android Pay, will be phased out and Google Wallet will make a comeback as the primary money transfer platform on Android. Google Pay initially served as a tap-to-pay service, while Google Wallet transformed into a rival to Cash App and Venmo. Despite multiple changes and rebranding efforts, Google Pay has become redundant and will be discontinued after June 4th, 2024, in the US. Users are advised to withdraw their funds before then. Overall, this transition is less chaotic compared to Google's numerous attempts at messaging apps.
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Sikkim unveils India’s first digital nomad village in Yakten
YourStory
·
1m ago
Medial
Sikkim has launched India's first digital nomad village in Yakten under the "Nomad Sikkim" project, aimed at attracting remote workers. The village features high-speed internet, eco-friendly homestays, and amenities for digital professionals, promoting rural tourism and economic development. It aligns with Sikkim’s “One Family, One Entrepreneur” policy, aiming to boost local livelihoods and provide stable income. Accessible from Pakyong Airport, the project may serve as a model for similar initiatives in India.
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India Ranks First In Crypto Adoption Despite Regulatory Setbacks
Startup News FYI
·
1y ago
Medial
India has claimed the top spot in Chainalysis' 2023 Global Crypto Adoption Index, marking a significant comeback from the fourth spot in 2022. The country ranks first in four of the five sub-categories, including centralised service value received, retail centralised service value received, DeFi value received, and retail DeFi value received. India's adoption index score stands at 1, while the global average is around 0.3. Despite regulatory challenges and a crypto winter, India's crypto adoption remains strong.
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Crypto wallet Okto launches a $5-million treasury fund to help Vauld users
Money Control
·
1y ago
Medial
Crypto wallet Okto has committed a $5 million treasury fund to assist users affected by troubled crypto lending platform Vauld. Okto is also offering a 2% bonus for users who transfer their funds to their platform. The move aims to provide self-custody assurance to Vauld's users, giving them control over their assets and complete ownership of their private keys. Okto, launched in 2021, is a Web3 wallet that offers secure access to DeFi services, backed by investors like Coinbase Ventures and Pantera. Vauld has assets worth approximately $330 million and liabilities of $400 million.
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CoinSwitch lays off 44 employees in customer support team, cites role redundancy
Money Control
·
2y ago
Medial
Crypto startup CoinSwitch, backed by Tiger Global, has laid off 44 employees from its customer support team, attributing the redundancies to decreased customer queries amid a drop in crypto trading volumes. The layoffs come amidst regulatory uncertainties and high taxation in India's crypto industry. CoinSwitch, one of India's two crypto unicorns, is valued at $1.9 billion and plans to expand offerings beyond crypto into wealthtech. The company clarified that it follows a half-yearly appraisal cycle and denied having a separate operations team.
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Technology company LTIMindtree launches GCC-as-a-Service
IndianStartupNews
·
2m ago
Medial
LTIMindtree, a global technology consulting firm, has launched GCC-as-a-Service to help organizations establish and scale global capability centers (GCCs), focusing on cost optimization and added value. This service includes Build, Operate, Transform, and Transfer models, tailored to client needs. Highlights include AI-powered talent acquisition, industry-specific transformations, and the BlueVerse AI Ecosystem. The service aims to transform GCCs into innovation hubs, providing strategic transformation and operational support globally.
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Madhya Pradesh unveils GCC Policy 2025 to attract global investments
YourStory
·
6m ago
Medial
Madhya Pradesh's new Global Capability Centre (GCC) Policy 2025, introduced by Chief Minister Mohan Yadav, aims to attract multinational companies and establish the state as a digital hub. With a focus on innovation, infrastructure, and incentives, the policy seeks to transform the state's industrial landscape, especially in IT and finance sectors. The upcoming Global Investors Summit-2025 will showcase this initiative, aiming to elevate Madhya Pradesh as a prime destination for global GCC investments.
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Billionaire investor Mark Cuban loses $870K in crypto scam
Economic Times
·
1y ago
Medial
Mark Cuban, entrepreneur and investor, lost approximately $870,000 to a crypto scam on September 15. Suspicious transactions were noticed in his MetaMask wallet that had been inactive for over five months. Cuban confirmed losing Ethereum (ETH), USD Coin (USDC), Polygon (MATIC), Lido staked Ethereum (stETH), and tokens from SuperRare and Ethereum Name Service. He believes he downloaded a malicious MetaMask version, leading to the hack. Cuban was able to transfer around $2 million USDC to Coinbase Custody, preventing most of the assets from being stolen. This isn't his first crypto-related loss; he faced losses during the collapse of the TITAN stablecoin in 2021.
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