Author: Fioney Staff
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BlockFI Opens Waitlist for Bitcoin Rewards Credit Card
It seems as though, in recent weeks, cryptocurrencies have been having a bit of a renaissance. In addition to more high-profile figures expressing interest and even confidence in the technology, the price of Bitcoin has continued to enjoy a bull run (despite a few pullbacks along the way). Now, the company BlockFi has announced that its…
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Uber Announces Completion of Postmates Purchase
It’s official: Postmates is now owned by Uber. This comes after the ride-sharing company announced a $2.65 billion all-stock acquisition of Postmates back in July. The result of the deal closing is one of the largest delivery services in the United States, second only to DoorDash. According to Engadget, Uber intends to keep Uber Eats…
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Online Shopping Reaches Record on Black Friday 2020
With the holiday shopping season now officially underway, consumers are apparently taking their shopping online in record numbers. Preliminary figures from Adobe Analytics (as reported by TechCrunch) show online sales on Black Friday growing 21.6% year over year to top $9 billion. Although that’s on the lower end of Adobe’s initial estimates ranging from $8.9…
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DoJ Okays Intuit’s Credit Karma Acquisition, Credit Karma Tax Sale to Square
Back in February, Intuit announced plans to purchase the free credit score site Credit Karma for a whopping $7.1 billion. However, as always, the deal was subject to regulatory approval. Now, the company has revealed that it’s entered into a consent decree with the U.S. Department of Justice as well as an Assurance of Discontinuance…
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Insurtech Company Hippo Scores $350 Million Investment
Palo Alto-based insurtech startup Hippo just announced that it’s raised another $350 million. The impressive raise comes exclusively from Mitsui Sumitomo Insurance Company, Limited and brings the company’s total funding to date to $709 million. Instead of being aside a letter, the round is being described as simply a “venture round.” The investment comes just…
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Bitcoin Continues to Surge, Nearing All-Time High
In 2017, Bitcoin enjoyed a famed run that saw the cryptocurrency’s value climb to nearly $20,000 per coin before plummeting back down to earth. Now, nearly three years later, the asset is making another run at that record. Since October 1st, the price of Bitcoin has nearly doubled, going from around $10,500 to as high…
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Vennfi Raises $2.3 Million Ahead of Charityvest Platform Expansion
Even as 2020 begins to wind down, FinTech deals continue to roll in. Last week, Vennfi announced it had raised $2.3 million in funding. The seed round was led by former DCM Ventures partner Tom Blaisdell with participation from Teamworthy Ventures, Duro.vc, Sovereign’s Capital, and Promus Ventures along with individual investors and other funds. With…
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American Express Commits $2.5 Million to “100 for 100” Program for Black Women Entrepreneurs
Continuing their commitment to supporting small businesses, this week American Express announced the 100 Black women entrepreneurs that have been selected to participate in the “100 for 100” program. Not only will the chosen women receive $25,000 in grants will also be able to utilize 100 days of business resources. These resources include business education,…
