Coinbase, the largest cryptocurrency exchange in the United States, is working to improve its customer support while expanding in India by acquiring a new startup. Coinbase officially announced Tuesday the acquisition of Agara, an artificial intelligence-enabled support platform with operations in India and the United States. The acquisition aims to expand and automate Coinbases customer service capabilities by providing new…
The metaverse continues to be the next attraction point of crypto for investors, with The Sandbox, an Animoca Brands subsidiary and nonfungible token (NFT) metaverse platform, raising fresh capital in a funding round led by SoftBank Vision Fund 2. Marking SoftBank Vision Fund 2s first investment into the crypto assets, The Sandboxs Series B round saw $93 million raised with…
Australian Senator for New South Wales Andrew Bragg has asserted that robust regulations would bring credibility and validity to the countrys emerging digital asset sector. Speaking to local publication Finder on November 2, the chairperson of the Senate Committee on Australia as a Technology and Financial Centre, commented that the countrys crypto sector has shown a willingness to embrace greater…
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency…
The AFRs list contains 87 of Australias richest entrepreneurs aged 40 and under, with each boasting a net worth greater than AUD 36 million ($26.9 million). The list is topped by Melanie Perkins and Cliff Obrecht, the co-founder and chief operating officer (COO) of popular graphic design software providers Canva. The married couple has an estimated net worth of AUD…
The Avalanche Foundation has unveiled Blizzard a fund offering more than $200 million in incentives to developers who build on the Avalanche network. The fund will provide liquidity to those early-stage projects that innovate decentralized finance (DeFi) applications, nonfungible tokens (NFTs), and other products on Avalanche. Avalanche is a Proof-of-Stake network that launched in September 2020. The network boasts Ethereum…
Cryptocurrency mining firm Argo Blockchain has just released its Q3 financial report detailing record setting revenues for the period. The London headquartered company reported that it had mined 597 BTC and BTC equivalents during the third quarter of 2021. At current prices, Argos Bitcoin haul would be worth roughly $36.5 million. As of Sept. 30, the firm had amassed holdings…
The Ethereum network has seen its first consecutive week of negative supply issuance as bubbling markets drive persistently high transaction fees. With the highly anticipated London upgrade introducing a burn mechanism into Ethereum’s fee market in early August, a small quantity of Ether has since been destroyed with every transaction executed on the network. With gas prices sustaining at high…
A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge…
Coinbase to acquire Agara to enhance our customer experience with powerful machine learning technology and expertise TLDR: Acquisition reinforces Coinbase’s commitment to delivering world class support for customers; brings deep expertise in machine learning and natural language processing to Coinbase; and reconfirms Coinbase’s strategy to expand our tech hub in India. By Manish Gupta, EVP, Engineering Today, Coinbase is announcing that…
