firms

Kaszek Secures Nearly $1 Billion in Fresh Capital to Support Latin American Startups

Source Node: https://platodata.network/platowire/kaszek-secures-nearly-1-billion-in-fresh-capital-to-support-latin-american-startups/
Time Stamp: April 3, 2023 4:39 PM - Modified On: April 3, 2023 - Published By:
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Republished By Plato

Kaszek Ventures, a leading venture capital firm focused on supporting Latin American startups, has recently secured nearly $1 billion in fresh capital to continue its mission of investing in innovative companies throughout the region. The funding round, which was led by new and existing investors, is one of the largest ever for a Latin American venture capital firm and highlights the growing interest in the region's startup ecosystem.Founded in 2011 by Nicolas Szekasy and Hernan Kazah, Kaszek Ventures has become one of the most active and successful venture capital firms

Federal Reserve Acknowledges Lack of Oversight in SVB Collapse

Source Node: https://platodata.network/platowire/federal-reserve-acknowledges-lack-of-oversight-in-svb-collapse/
Time Stamp: March 24, 2023 5:28 AM - Modified On: March 24, 2023 - Published By:
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The Federal Reserve has recently acknowledged that it lacked proper oversight in the collapse of Silicon Valley Bank (SVB), a California-based bank that specializes in serving technology and venture capital firms. The collapse of SVB in 2020 was a significant event that sent shockwaves through the financial industry, and the Federal Reserve’s admission of its lack of oversight has raised concerns about the effectiveness of regulatory bodies in preventing similar collapses in the future.SVB was founded in 1983 and quickly became a prominent player in the technology banking sector. The

Report: Australian Regulator Mandates Banks to Disclose their Exposure to Startups and Crypto-Related Businesses

Source Node: https://zephyrnet.com/australian-regulator-tells-banks-to-report-exposure-to-startups-and-crypto-related-business-report/
Time Stamp: March 22, 2023 2:00 AM - Modified On: March 22, 2023 - Published By:
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The Australian Prudential Regulation Authority (APRA) has mandated banks to disclose their exposure to startups and crypto-related businesses. This move is aimed at ensuring that banks are aware of the risks associated with these types of businesses and can take appropriate measures to manage them.The report, which was released in November 2020, requires banks to provide detailed information on their exposure to startups and crypto-related businesses. This includes information on the size of their exposure, the nature of the business, and any risks associated with it.The move comes as the

CCP Games Secures $40M Funding Round Led by A16z

Source Node: https://zephyrnet.com/a16z-leads-40m-round-for-ccp-games/
Time Stamp: March 21, 2023 11:18 AM - Modified On: March 21, 2023 - Published By:
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CCP Games, the Icelandic video game developer behind the massively popular EVE Online, has secured $40 million in a funding round led by Andreessen Horowitz (A16z). The funding will be used to support the development of new games and expand CCP's operations.EVE Online, which was first released in 2003, is a massively multiplayer online game (MMO) set in a science fiction universe. The game has a dedicated following, with players from around the world logging in to explore the vast virtual universe, engage in battles, and build alliances with other

Euler Finance Recovers $5.4M Lost to DeFi Hacker

Source Node: https://zephyrnet.com/defi-hacker-returns-5-4m-to-euler-finance/
Time Stamp: March 20, 2023 5:07 AM - Modified On: March 20, 2023 - Published By:
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The world of decentralized finance (DeFi) has been rocked by a major security breach. On August 7th, 2020, Euler Finance, a decentralized finance protocol, announced that a hacker had stolen $5.4 million worth of cryptocurrency from its platform. The attack occurred when the hacker exploited a vulnerability in Euler's smart contract code. The hacker was able to withdraw funds from the Euler Finance platform without authorization. The stolen funds included Ethereum, USDC, and DAI tokens. In response to the attack, Euler Finance took immediate action to secure its platform and

Timeline of Burnie Court Complex Development in Central Business District Revealed

Source Node: https://zephyrnet.com/burnie-court-complex-timeline-shows-long-road-to-finalising-cbd-site/
Time Stamp: March 19, 2023 6:41 AM - Modified On: March 19, 2023 - Published By:
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The Burnie Court Complex in the Central Business District of Burnie has been a major part of the city’s history for many years. Recently, the City of Burnie has revealed a timeline of the development of the complex, which provides a fascinating look into the history of the area. The first phase of the development began in the late 19th century when the Burnie Court House was built. This building was designed to serve as a courthouse and was used to hold court proceedings for many years. In the early

Meta Announces 10,000 Job Cuts and Strategic Reorientation

Source Node: https://zephyrnet.com/meta-cuts-10000-jobs-and-refocus-on-core-projects/
Time Stamp: March 19, 2023 1:14 AM - Modified On: March 19, 2023 - Published By:
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In a move that has sent shockwaves through the business world, Meta recently announced plans to cut 10,000 jobs and reorient its strategic focus. The company, which is one of the world’s leading technology firms, has been struggling to stay afloat in the face of increasing competition and changing market conditions. The job cuts are part of a larger plan to reduce costs and streamline operations. The company is also planning to shift its focus away from consumer products and towards enterprise solutions. This move is intended to help Meta

The 25 Biggest Private Equity Firms Globally

Source Node: https://zephyrnet.com/the-top-25-largest-private-equity-firms-in-the-world/
Time Stamp: March 18, 2023 5:49 PM - Modified On: March 18, 2023 - Published By:
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Private equity firms are a major force in the global economy, with some of the largest and most influential firms managing billions of dollars in assets. These firms are responsible for investing in and managing companies, often with the goal of increasing their value and profitability. In this article, we’ll take a look at the 25 biggest private equity firms globally, ranked by total assets under management.1. Blackstone Group – $571 billionBlackstone Group is the largest private equity firm in the world, with total assets under management of $571 billion.

Top 10 Fintech News Stories of the Week March 12-18, 2023

Source Node: https://zephyrnet.com/top-10-fintech-news-stories-for-the-week-ending-march-18-2023/
Time Stamp: March 18, 2023 12:08 PM - Modified On: March 18, 2023 - Published By:
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Fintech news is constantly evolving and changing, and it can be hard to keep up with the latest developments. This week, March 12-18, 2023, was no exception. Here are the top 10 fintech news stories of the week:1. JPMorgan Launches New Digital Banking Platform: JPMorgan has announced the launch of a new digital banking platform that will allow customers to access their accounts and manage their finances from any device. The platform will offer customers a range of features including budgeting tools, personalized financial advice, and more.2. Goldman Sachs Launches

Bitcoin Price Reaches 9-Month High After 10% Increase

Source Node: https://zephyrnet.com/bitcoin-surges-10-hitting-9-month-high/
Time Stamp: March 17, 2023 8:53 PM - Modified On: March 17, 2023 - Published By:
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The price of Bitcoin has reached a nine-month high after a 10% increase in the past 24 hours. This is the latest surge in the cryptocurrency’s price, which has been on a steady upward trend since the beginning of the year. The increase in the price of Bitcoin is being attributed to a number of factors, including increased institutional interest, a growing number of retailers accepting Bitcoin as payment, and the increasing adoption of blockchain technology. The current surge in the price of Bitcoin is being driven by institutional investors

DexCoyote Releases Semi-Annual Report, Unveils Figures and Announces Relocation to UAE in Venture Capital Market.

Source Node: https://zephyrnet.com/dexcoyote-a-rising-star-in-the-venture-capital-market-has-published-a-semi-annual-report-revealed-figures-and-announced-a-move-to-the-uae/
Time Stamp: March 17, 2023 12:49 PM - Modified On: March 17, 2023 - Published By:
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DexCoyote, a leading venture capital firm, has recently released its semi-annual report, which unveils impressive figures and announces its relocation to the United Arab Emirates (UAE) in the venture capital market.According to the report, DexCoyote has seen a significant increase in its portfolio value, which has grown by 25% since the last report. The firm has also made several successful investments in emerging markets, including fintech, healthcare, and e-commerce sectors.One of the most notable investments made by DexCoyote was in a UAE-based e-commerce platform, which has seen tremendous growth in