Crypto News 

Andra Capital raises $500M for Ethereum-based token called Silicon Valley Coin that investors can use to back a group of late-stage VC firms; summer ICO planned

“When a fund attracts investors, Andra said there is no system to determine the period in which the capital will be available” writes Gertrude Chavez-dreyfuss for reuters.com. Many late-stage private investments, which currently total about $500 billion, are limited to affluent limited partners and a few institutional investors, Haba said.NEW YORK (Reuters) – Andra Capital, a U.S. technology fund, has raised $500 million in funding for a new digital currency that investors can use to back a group of late-stage venture capital (VC) firms, the firm’s managing partner Haydar Haba…

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How T-Mobile went from seller to buyer in Sprint deal and what the world has to say about it

“While T-Mobile and Sprint executives have been pumping up the deal all over the place, the response elsewhere has been a bit tepid” writes Nat Levy for geekwire.com. T-Mobile parent company Deutsche Telekom will own 42 percent of the new company, and Sprint parent SoftBank Group will own about 27 percent after the acquisition.Regulators twice stopped T-Mobile from getting acquired, and now there is skepticism that a T-Mobile/Sprint deal could clear regulatory hurdles. Source: geekwire.com Share This:

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WhatsApp cofounder/CEO Jan Koum leaves; sources: he will also leave Facebook board after clashes following attempts to weaken WhatsApp’s crypto and use its data

“Facebook executives wanted to make it easier for businesses to use its tools, and WhatsApp executives believed that doing so would require some weakening of its encryption” writes Elizabeth Dwoskin Has for washingtonpost.com. Only two other Facebook executives, Zuckerberg and Chief Operating Officer Sheryl Sandberg, are members of the board.WhatsApp executives were comfortable sharing some data with Facebook to measure who was using the service, according to the people.Acton and Koum acquiesced, enabling Facebook to recommend that users’ WhatsApp contacts become their Facebook friends and making it possible for Facebook…

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Starships Technologies’ cute delivery robots could soon deliver breakfast to your desk

“The cute delivery robots have already driven over 100,000 miles making food and parcel deliveries for the likes of JustEat and Mercedes Benz” writes Amelia Heathman for standard.co.uk. Customer satisfaction is high, the quality of the services is right, the robots work well.So it’s a perfect opportunity for the robots to deliver breakfast.” At the moment, Starship doesn’t have any specific UK partnerships.Starship has been trialling campus deliveries at the Mountain View campus of Intuit, the business and financial software company, in California. Source: standard.co.uk Share This:

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