ENTERPRISE
Robinhood's Shares Tumble 15%, Posts $423M Net Loss
Robinhood Markets Inc's shares tumbled 15% in after-hours trade as the commission-free brokerage firm saw a $423 million net loss in the last quarter.
Asia's SoftBank and Temasek Join to Fund FTX US
FTX US reached an $8 billion valuation after receiving $400 million from Asian investment giants SoftBank Group and Temasek Holdings in its first round of funding.
Sandbox Launches Metaverse Accelerator Program, Offering $50M for 100 Startups
Virtual Metaverse gaming platform Sandbox has launched the Metaverse accelerator program, which will provide 100 startups with $50 million in start-up capital to promote the development of the Metaverse.
Tencent to Offer Metaverse Business Support in Japan before Feb
Tencent reportedly will launch services for supporting the virtual space "Metaverse" business to Japanese companies before February.
$75M Capital Raised by Blockchain Founders Fund for Metaverse and Web3
Singapore-based venture capital Blockchain Founders Fund (BFF) has announced the launch of a new Venture Capital Fund II to support emerging projects in the cryptocurrency, Metaverse and Web3 space.
Andreessen Horowitz to Raise $4.5B for Two New Crypto Funds
Wallet Street Venture Capital firm Andreessen Horowitz is rallying investors for a $4.5 billion dual fund targeted at making strategic investments in the cryptocurrency ecosystem.
Union Bank of the Philippines to Enhance Crypto Trading & Custody Services
Union Bank of the Philippines plans to choose Metaco and IBM to enhance cryptocurrency trading and custody services, taking advantage of the Asian country's rapid adoption of digital tokens.
Google Forms New Team to Shape Blockchain Venture
Google's venture into the blockchain and related technologies is beginning to shape a new formation of a dedicated group under an engineering vice president.
Animoca Brands Receives $358M Boost, the Gaming Firm Goes on Acquisition Rampage
Animoca Brands has raised $358.88 million from investors led by Liberty City Ventures.
Regulator Offers Conditional Approval to SoFi Bank, despite Crypto Asset Activities
American online personal finance company Social Finance has obtained conditional approval from the Office of the Comptroller of the Currency to establish SoFi Bank, National Association.
