Grab is now valued at $14 billion after landing $1.46 billion from SoftBank's Vision Fund

Southeast Asian ride-hailing giant Grab says it has secured $1.46 billion in new funds from SoftBank’s Vision Fund. Following the fresh financing from the Vision Fund, Grab’s valuation is at $14 billion, according to a source familiar with the matter. In its current funding round, Grab has raised more than $4.5 billion with investments from…

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Crypto mining recovery emerges amid expectations of cheaper energy

Crypto mining companies have been amongst the most heavily hit by the collapse in Bitcoin Core (BTC) prices. But following some 18 months of challenging trading, some indicators are now showing outlook for the sector turning more positive. A report in digital assets journal Diar noted that while miner revenues had fallen to fresh lows…

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Ripple (XRP) Underperforming In a High-Octane Market, is it Undervalued?

Ripple price in an uptrend, trading below 34 cents Regulatory clarity will clear the air catalyzing adoption Average transaction volumes are high, doubles in last month Even though Ripple related news is scarce, increasing participation levels point to an accumulation. To that end, we expect today’s double bar bull reversal pattern off 30 cents to…

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Amazon's online data use has been 'less dangerous' than Facebook's: Tech investor Roger McNamee

“That’s not to say we can count on that going forward,” says Elevation Partners’ McNamee, an early investor in Facebook and Google. “I can respect the people without respecting all the things that they do in the business,” says McNamee. With Amazon entering health care, McNamee argues it’s important that the company is upfront with…

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Time for Ripple (XRP) Bulls, Support Found at 30 Cents—Again!

Ripple (XRP) consolidates but bulls in control CoinBase support very bullish—price and regulatory wise Transaction levels dip as prices drop Until after Ripple (XRP) prices rally above 34 cents, we shall maintain a neutral but bullish outlook. Confidence is because of recent CoinBase addition, increasing adoption levels and a possible recovery of Bitcoin. Ripple Price…

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Opportunity for Litecoin (LTC), Kroger Bans Visa Citing High Fees

Litecoin (LTC) trading above $35, bullish Can Kroger accept cheap LTC after banning Visa credit cards due to high fees Participation levels low days after prices rocketed from $20. If by any chance Kroger accepts Litecoin after banning credit card fees due to high fees, Litecoin (LTC) will surge. The coin is up to fifth…

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Is Bitcoin (BTC) Sliding in Response to QuadrigaCX Disappointment?

Bitcoin prices down 2.2 percent Five of the six QuadrigaCX cold wallets are empty Transactional volumes drop, demand could see participation pick up to above 37k Even with Bitcoin (BTC) liquidation, bulls have the upper hand as long as prices are trending above Feb 18 low. In that case, risk-off traders may search for entries…

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Bitcoin (BTC) Price Under Pressure But Fundamentals Are Very Bullish

Bitcoin prices under pressure Adoption on the rise as Venezuela is the poster country for crypto Transaction volumes drop days after Feb 24 drawdown In an uptrend, Bitcoin (BTC) is under immense pressure thanks in part to sell-off of Feb 24. Moving on, we expect bulls to reject lower lows as price action snap to…

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Distributed Digest: Friday, February 22, 2019

The Zcash Company becomes the Electric Coin Company, the Flyingcarpet Network is being built on top of Gnosis, and Maker’s Dai Stability Fee may increase. Your daily distillation of crypto news for Friday, February 22, 2019: Nice to Meet You, Electric Coin Company The Zcash Company will now be referred to as the Electric Coin…

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Samsung and Apple are losing ground to Huawei because their phones are too expensive

Research released by Gartner shows China’s Huawei is gaining ground over major rivals like Samsung and Apple. Apple’s iPhone suffered its worst quarterly year-on-year sales decline since the first quarter of 2016, Gartner says. Gartner’s Anshul Gupta says Samsung and Apple’s high price tags are putting consumers off. Samsung and Apple are increasingly losing their…

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Blockchain security firm CipherTrace secures $15M investment

Blockchain security firm CipherTrace has secured VC funding of $15 million, with support from some of the most experienced investors in the cryptocurrency sector including Mike Novogratz’s Galaxy Digital. The company, which provides compliance solutions and technologies for crypto exchanges, banks and regulators, has been tracking criminal activity around cryptocurrency sector since 2011. The funding…

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Nestle and others have suspended YouTube ads over news of a pedophile network on the site

Disney, Nestle and “Fortnite” maker Epic Games have paused advertising on YouTube. Advertisers like Peloton and Grammarly are urging YouTube to resolve the latest content challenge. The move is a familiar black eye for Google-owned YouTube, which frequently battles content moderation challenges and is losing market share of the digital advertising industry. Disney, Nestle and…

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Amazon is projected to steal advertising market share from Google in 2019

Amazon is projected to claim 8.8 percent of the all digital ad spending in 2019. Google, by contrast, is expected to lose 1 percentage point of market share. Of the top five companies in digital advertising, only Amazon and Facebook are expected to grow market share in 2019. The other companies are Microsoft and Verizon….

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Tencent says it will not scale back on investments this year

China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing. Tencent invested in more than 700 companies in the past 11 years, Lau said, and 63 of those are…

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Skills shortage is stopping many Asian companies from embracing A.I., study shows

Artificial intelligence is predicted to speed up innovation in Asia Pacific over the next few years — but less than half of the companies today are using the technology, according to a report from Microsoft and International Data Corporation. While most decision-makers polled agree AI is important in order for them to remain competitive, only…

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Bitcoin (BTC) Resurgence, Adoption and Regulator Shift Likely Triggers

  Bitcoin prices up 8.3 percent in the last week Adoption levels could be pumping prices Transaction volumes on the rise   Good news is bulls are back. Even with increasing prices, investors and traders have their eyes set on adoption trends. Encouragingly, adoption is on the rise, and now that our previous Bitcoin (BTC)…

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Bitmain Gets Down With Energy-Efficient ASIC Mining

The mining giant has a new ASIC chip. Will it help the company turn its fortunes around? Bitmain Technologies Ltd. today announced the BM1397, a 7-nanometer ASIC chip for proof-of-work mining. The new chip, made with the Taiwan Semiconductor Manufacturing Company’s FinFET process, reportedly uses less power, with a 28.6 percent improvement in energy efficiency…

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Vaccine misinformation and Infowars: Researchers wary of Facebook's embrace of 'Groups'

Researchers worry about Facebook recommendations leading user to fringe groups and misinformation. In order to see how Facebook groups work, “we need to know more about the networks and members of groups that spread false information and target individuals,” Columbia University’s Jonathan Albright says. Facebook is not the only tech company to face criticism for…

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DARPA Taps AI to Link Troops and Military Machines via Their Brain

It remains to be determined how artificial intelligence will affect our society as a whole. The wildest theories have been making the rounds in that regard. One major point of concern is the increasing automation of weaponry. It now seems the Pentagon is looking to let humans control machines through their brain waves. Using AI…

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How Metanet creates an immutable Internet

One of the many historic moments that took place in the 1990s was the debut of the world’s first website and server at CERN in Geneva, Switzerland. But unbeknown to many, it was also around the same time that Metanet—the Bitcoin project that will see the Internet become a sidechain—has gotten its start. Metanet is…

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