SEC cools traders’ hot plans for cryptocurrency-based exchange traded funds
The U.S. Securities and Exchange Commission has serious concerns about the securities industry’s plans to create exchange traded funds around cryptocurrency.
In a strongly worded letter to the heads of the Securities Industry and Financial Markets Association and the Investment Company Institute, the director of the division of investment management, Dalia Blass said that there were… Read More
Varo Money raises 45 million for mobile banking without fees
There are a number of startups looking to disrupt traditional banking. We’ve covered Chime, Zero and Jiko, just to name a few.
Another one of those is Varo Money and they’ve raised $45 million led by private equity giant, Warburg Pincus and The Rise Fund, a global impact fund that’s part of another private equity firm, TPG. (That’s the one U2’s Bono is involved… Read More
Tile lays off dozens after a disappointing holiday
Tile, one of the best known item-tracking gadgets out there, has laid off some 30 people and reportedly froze the potential hires of another 10, TechCrunch has learned. This comes less than a year after the company raised a $25 million B round last May. The layoffs are reportedly due to disappointing sales over the holidays. Read More
AI voice assistant developer Rokid raises 100M Series B extension to build its US presence
Rokid, a Chinese startup that makes an AI voice assistant and smart devices, just raised a Series B extension round led by Temasek Holdings, with participation from Credit Suisse, IDG Capital and CDIB Capital. The size of the round was not released, but a source familiar with the deal told TechCrunch that it is $100 million. Read More