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Korean crypto exchange Bithumb lost over $30M following a hack

Seoul-based virtual currency exchange Bithumb has been hacked and 35 billion won ($31.51 million) worth of virtual currency held at the exchange stolen, the exchange said on Wednesday. This is just a few weeks after another Korean crypto exchange Coinrail lost $40 million through an alleged hack. Bithumb said in a notice on its website that it… Read More »

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Facebook launches Live Game Shows

Facebook announced a series of changes to its live-streaming, notably an HQ Trivia-like game-show platform, aimed at expanding the kinds of offerings that content creators can use on its social network. To date, Facebook Live videos have largely offered users a passive viewing experience. You mostly just sit there, watch, and occasionally hit the like button to show… Read More »

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Apple has been fined $6.6 million for ‘misleading’ iPhone and iPad users about third-party repairs

Apple has been fined AUS$9 million ($6.6 million/£5 million) for misleading Australian consumers about their right to get faulty iPhone and iPad devices repaired. The Australian Competition and Consumer Commission (ACCC) took legal action against Apple and on Tuesday announced that the Federal Court ordered the company to pay the fine. The action was sparked after… Read More »

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Fintech startup Brex Raises $57 Million, launches credit card for startups

Fintech startup Brex today unveiled a first-of-its-kind corporate card specifically designed to help startups qualify based on funding rather than credit history. The company also announced it has closed a Series B round of financing with participation from luminaries in the fintech and technology industries bringing total funding to $57 million. Investors include Y Combinator… Read More »

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Prisma co-founders quit $1M to launch a social app called Capture

The creators of the photo app Prisma, which went viral back in 2016 for making images look like works of art, are quitting launch an AI startup. Prisma CEO Alexey Moiseenkov and CMO Aram Hardy have raised $1 million in seed funding for Capture Technologies from investors, including Kleiner, Perkins, Caufield, and Byers, and Russia’s Mail.Ru Group. Other backers include Social… Read More »

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Microsoft buys classroom video learning startup Flipgrid

In an attempt to gain an edge in the education market, Microsoft Corp.Microsoft has announced the acquisition of Flipgrid, a Minneapolis-based educational software startup. The technology giant announced the acquisition of the startup behind a video learning platform with more than 20 million users worldwide all over the world, including teachers, students, and parents, from Pre-K all… Read More »

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London-based machine intelligence startup Tessian raises $13 million in Series A Funding

Tessian (formerly called CheckRecipient), the London-based startup deploying machine learning to improve email security, has raised $13 million. The Series A round was led by Balderton Capital and Accel. Amadeus Capital Partners, Crane, LocalGlobe, Winton Ventures and Walking Ventures also participated in the round. Founded in 2013 by three engineering graduates from Imperial College — Tim Sadler, Tom Adams and Ed Bishop —… Read More »

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Estonian startup Pipedrive raises $50 million

Pipedrive, a startup co-headquartered in Estonia and New York that offers tools to salespeople to help them close deals that are still in their pipeline, has picked up $50 million to expand its product, develop its business globally and potentially make acquisitions in the CRM space. The Series C financing round was co-led by new… Read More »

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