TechTaffy

tech:

taffy

Coinbase raises $100M Series D round

By TechTaffy Desk

Digital currency wallet and platform Coinbase has raised $100 million in a Series D funding round. The investment was led by IVP, with participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates.

Coinbase, founded in 2012, supports Bitcoin, Ethereum and Litecoin in 32 countries. According to a statement from the company, the exchange has handled over $25 billion of digital currency for its customers.

Coinbase says it will use the funding to scale. The company is opening an office in New York City, and has acquired Toshi, the company behind the eponymous open source browser for Ethereum.

[Image courtesy: Coinbase]

Just in

Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.