Tokyo, Japan-based Bitcoin exchange Mt Gox will file for liquidation in Tokyo instead of its initial plan of rebuilding the firm under bankruptcy protection after a bug reportedly brought the site down.
Finance/Venture
Japan pulls out investments in China, directs focus to South East Asian countries
The territorial dispute between China and Japan has caused the latter to pull out its investments from the country and redirecting its focus to other South East Asian countries where it has already funded companies with USD22.8 billion last year.
Airbnb receives USD500 million funding round
Today, home-rental Airbnb has received a rare funding that reached a hefty USD500 million from a funding round from investors led by TPG, Dragoneer Investment Group and T. Rowe Price along with other mutual funds.
Tuition.io manages USD1 billion student loans, gets new investor
Tuition.io announced that it has received a new investor following its management of more than USD1 billion student loans and finding ways to monetize the site through ads posted on its blogs.
Lending Club gets new investment, acquires Springstone Financial
Lending Club gets new funds valued USD65 million and acquires Springstone Financial for USD140 million, from investors including Wellington Management Company, BlackRock, T. Rowe Price Associates Inc. and Sands Capital
Latest News
London, UK-based cross-border payments startup The Currency Cloud raised $10 million in a Series B funding round to make international payments smoother and more transparent.
Financial services startup Betterment has received USD32 million funding round from new and previous investors, reported TechCrunch.
Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.
Hacker Andrew Auernheimer a.k.a Weev has been freed from prison and talked about establishing a new hedge fund called TRO LLC, reported TechCrunch.
Venture capital firms in the US have raised a record-breaking total funding amounting to $8.9 billion in the first quarter of 2014, according to Thomson Reuters and the National Venture Capital Association.
Lund, Sweden-based biometric identification startup Quixter designed a vein scanning device that lets retail customers complete payment transactions by swiping their hands instead of credit cards.
Shanghai, China-based bitcoin exchange BTC China released a new web app called the Picasso ATM to help Bitcoin users exchange the virtual currency even without a physical ATM.
TIAA-CREF has agreed to acquire Nuveen Investments in a deal valued USD6.25 billion, reported Bloomberg.
NBK Capital appointed Perella Weinberg Partners as its adviser on a planned stake sale, reported Bloomberg.
