Over the weekend, Tesla showed off its latest gadget: a solar trailer, featuring extendable panels, a satellite internet terminal and even a lick of matte-black paint. Tesla may have designed the trailer to add some range to electric vehicles—or, to advertise Starlink’s new $25-per-month “portability” feature, which SpaceX announced in May. Whatever it’s for, you… Continue reading Sure, Tesla, a solar trailer
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Netflix says ‘Stranger Things 4’ racked up over 1 billion hours viewed
Stranger Things 4 has become the most popular English-language series on Netflix with the premiere of its last two episodes. The streaming giant has revealed that the show has racked up 1.15 billion hours of viewing time within the first 28 days of each part’s release. As The Hollywood Reporter notes, the first seven episodes… Continue reading Netflix says ‘Stranger Things 4’ racked up over 1 billion hours viewed
Rubix Blockchain secures $100m investment from LDA CapitalThe company is a Layer 1 blockchain protocol for P2P data transfer with operations in Singap…
Rubix Blockchain, a Layer 1 blockchain protocol for P2P data transfer with operations in Singapore, announced raising $100 million from Los Angeles-based alternative investment manager LDA Capital. The fresh investment will finance the startup’s global expansion and support its transition to Web3, among others, according to the announcement. Besides Singapore, Rubix also has operations in… Continue reading Rubix Blockchain secures $100m investment from LDA CapitalThe company is a Layer 1 blockchain protocol for P2P data transfer with operations in Singap…
China’s Vision Plus Capital looks to raise two USD funds, show SEC filings
Vision Plus Capital, a Chinese venture capital (VC) firm created by Alibaba co-founder Eddie Wu, is in the market raising two US dollar funds despite most of its peers having put on hold their USD fundraising plans amid rising difficulties for domestic businesses to pursue a US listing. The dual-currency fund manager is looking to… Continue reading China’s Vision Plus Capital looks to raise two USD funds, show SEC filings
London-based crypto lender Nexo plans to buy Singapore’s Vauld
Cryptocurrency lender Nexo plans to buy fellow lender Vauld, it said on Tuesday, the latest sign of consolidation in the digital currency industry as prices tumble. Nexo, which is based in London, said it would buy up to 100% of Vauld and “reorganise its future operations with the aim to accelerate its deeper presence in Asia.” It did not… Continue reading London-based crypto lender Nexo plans to buy Singapore’s Vauld
Asia Digest: Nuveen makes first close, Ascott buys Oakwood, BPEA exits Cath Kidston
Property investment manager Nuveen Real Estate has made a first close of its Japan Alternatives Living strategy; The Ascott Limited is acquiring serviced apartment provider Oakwood Worldwide; and BPEA has sold its controlling stake in Cath Kidston to Hilco Capital. Nuveen Real Estate makes $100m first close of Japan housing strategy Property investment manager Nuveen… Continue reading Asia Digest: Nuveen makes first close, Ascott buys Oakwood, BPEA exits Cath Kidston
VulcanForms Raises $355 Million; Valued at over $1 Billion
VulcanForms, a Burlington, MA-based MIT-born company that builds and operates advanced digital manufacturing infrastructure, raised $355m and is valued at over $1 billion. Backers included Eclipse Ventures, Stata Venture Partners, Fontinalis Partners, D1 Capital Partners, Standard Investments, Atlas Innovate, Boston Seed Capital, Industry Ventures, and the Simkins Family. Founded in 2015 by Martin C. Feldmann… Continue reading VulcanForms Raises $355 Million; Valued at over $1 Billion
Singapore central bank weighs more stringent crypto regulations to protect investorsRestrictions may include limits on retail participation.
The Monetary Authority of Singapore (MAS) is considering stricter regulations for cryptocurrency trading platforms following recent disruptions in the space, Senior Minister Tharman Shanmugaratnam said in a written answer to a parliamentary question on Tuesday (July 5). The central bank’s considerations “may include placing limits on retail participation and rules of leverage when transacting in… Continue reading Singapore central bank weighs more stringent crypto regulations to protect investorsRestrictions may include limits on retail participation.
Tepco may join Japan investment partners to jointly bid for Toshiba: report
Tokyo Electric Power Co (Tepco) is considering joining a partnership between state-backed Japan Investment Corp and Japan Industrial Partners to bid for Toshiba Corp, Bloomberg News reported, citing people familiar with the matter. Tepco, Japan’s top utility, is eyeing the Japanese conglomerate’s nuclear business, the report said on Tuesday. Toshiba said last month it had… Continue reading Tepco may join Japan investment partners to jointly bid for Toshiba: report
Israel’s eToro, Betsy Cohen-backed SPAC terminate $8.8b SPAC deal
Israel’s online brokerage eToro and Betsy Cohen-backed blank-check company FinTech Acquisition Corp have mutually agreed to terminate their merger deal more than a year after it was announced, the companies said on Tuesday. Decades-high inflation and worries over a recession have drained US markets and dried up new stock listings, as the Federal Reserve continues with aggressive rate… Continue reading Israel’s eToro, Betsy Cohen-backed SPAC terminate $8.8b SPAC deal