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Playboy sues Canadian blockchain startup for screwing its cryptocurrency porno payment plan

Adult entertainment giant Playboy Enterprises is suing Canadian startup Global Blockchain Technologies for fraud and breaching a contract the two companies signed earlier this year. According to a lawsuit filed in early August with the Los Angeles Superior Court, Playboy and Global Blockchain Technologies (GBT) signed a memorandum of understanding in March stating that GBT would help… Read More »

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Hundreds of Instagram users report hacked accounts over past month

According to Mashable, a number of people have reported having their Instagram accounts hacked this month,  with many of these hacks appearing to have taken the same approach. The report noted that users found themselves logged out of their accounts with their handle, profile image, contact info and bios all having been changed. When they tried to reset their passwords they… Read More »

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AR startup Ubiquity6 lands $27M Series B

San Francisco based AR startup Ubiquity6, that is building a platform for people to create and interact in shared AR spaces connected to the real world announced that it has closed a $27 million Series B led by Benchmark and Index Ventures. The startup has raised over $37 million to date with plenty of high-profile VC firms amongst… Read More »

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Alibaba’s Jack Ma launches $10m Netpreneur Prize for African entrepreneurs

Alibaba founder Jack Ma has established a new contest that will see African entrepreneurs compete for $10 million in funding, with the aim of supporting businesses that are growing the continent’s nascent digital economy. The Netpreneur Prize is being created with the aim of supporting and funding African entrepreneurs working to address the continent’s most important challenges… Read More »

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Nigerian Biotech Startup Coating+ wins the the 2018 Thought For Food top prize

Nigerian biotech startup Coating+ pitched the innovative solution to the 2018 Thought For Food Summit judges, and brought the team to victory taking home $10,000. The startup, which was founded by a group of Biochemisty masters students at the University of Ilorin, provides safe coating for plants and vegetables that elongates their shelf life, preserves nutrient quality, and enables… Read More »

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Graduway Acquires Academic Mentoring Startup VineUp

Israel-based alumni outreach startup Graduway, incorporated as Headhunter Systems Ltd., has acquired Gloucestershire, U.K.-based career mentoring software developer VineUp Ltd., the companies announced Wednesday. The financial terms of the deal were not disclosed. Founded in 2013, Graduway develops software that helps colleges and universities manage communications with their alumni networks. It lists UCLA, Johns Hopkins… Read More »

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Top ten cybersecurity startups revealed

The biggest cybersecurity investment rounds have been reviewed for 2018 so far, and the top ten leading startups have been identified in this expanding technology sector. According to Channel Web, cybersecurity startups have raised $3 billion in the first half of this year. The first quarter saw $963 million raised, and quarter 2 has brought… Read More »

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10 African tech startups shortlisted for MIT’s prize for Innovation in financial inclusion

The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation has announced 10 African startups to compete for the 2018 edition of the Zambezi Prize for Innovation in Financial Inclusion. The prestigious competition, awarding a total of $200,000 in prizes, was established in 2015 to… Read More »

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