Hedge funds planning to participate in the bond offering of Puerto Rico are asking the commonwealth to raise enough capital to last for two years and give up its sovereign immunity, according to sources interviewed by Bloomberg.
Country
New German digital currency XNF is backed by gold and silver
Germany-based new digital currency NoFiatCoin (XNF) is backed by gold and silver bullion to give digital currency the added security of the value of precious metals, in case the everything goes down.
Top US hedge funds still betting on eBay, Apple in the fourth quarter- report
E-commerce giant eBay and iPhone maker Apple Inc were beloved bets among top US hedge funds like that of activist investor Carl Icahn in the fourth quarter of last year, Reuters reported.
American healthcare analytics startup QualMetrix closes Series A funding
Miami, Florida-based healthcare analytics startup QualMetrix raised an undisclosed amount in its Series A funding round to continue its expansion efforts through acquisition of other related companies.
US encourages banks to do business with licensed pot suppliers with new guidelines
The Obama administration has unveiled new guidelines that will encourage lenders to do transactions with state-licensed cannabis shops that are now constrained to doing business only in cash, Reuters reported.
Latest News
Arizona, US-based lending startup BodeTree offered its analytics and automated funding services for free to help small businesses in the country secure funding from local banks
US-based angel investor and Wine Library TV founder Gary Vaynernuck partnered with RSE Ventures cofounder Matt Higgins to launch a $25 million seed fund called Vayner RSE which they might be used to start a new brand of wine.
Oregon Angel Fund led the $1.7 million round "Series Seed" round for Marshall Kirkpatrick's social marketing startup Little Bird, bringing the company's total funds raised to date to $2.7 million, TechCrunch reported.
France has become friendlier with young firms as it substantially raises the limits of Kickstarter-like crowdfunding and equity crowdfunding campaigns of French startups to $1.4 million respectively each year, TechCrunch reported.
San Francisco, US-based online nanny marketplace UrbanSitter raised $15 million in Series B funding to expand its marketing efforts and continue connecting US families with qualified nannies.
With Bitcoin encountering a series of problems lately, including withdrawal halting of exchanges, a $2.7 million heist, and a flaw in the Bitcoin protocol, speculations abound that the Bitcoin is coming to an end soon.
Matrix Partners, Ellen Levy and Sandra Perkins invested $1.5 million for the seed funding round of RocksBox, a subscription jewelry service that aims to empower consumers, TechCrunch reported.
Ronny Conway closed his early-stage fund targeted at relieving the Series A crunch for startups. The size of the fund was $51 million, TechCrunch reported citing a filing with the Securities and Exchange Commission.
Wells Fargo & Co is now making its way back to the subprime mortgage market, potentially bringing fears that US lenders will be making the same mistakes that prompted the financial crisis, Reuters reported.
