Crypto backed by crypto: Dai seeks to change ‘stablecoin’ game

LONDON (Reuters) - Some are backed by dollars. Others by gold. But this “stablecoin” isn’t tied to any major asset - it’s backed by another cryptocurrency. FILE PHOTO: Representation of the Ethereum virtual currency standing on the PC motherboard are seen in...

5 Tech and Design Details That Stood Out – TechCrunch

Ford finally showed the world its highly anticipated all-electric crossover, the Mustang Mach-E. The vehicle, which was unveiled Sunday at the Hawthorne Airport and in Tesla’s backyard, marks a series of firsts for Ford and the Mustang badge. It’s the first...

Peter Thiel’s Palantir launches Japanese joint venture with insurer Sompo

(Reuters) - Silicon Valley data analytics company Palantir Technologies Inc has established a joint venture with Japanese insurance holding company Sompo Holdings Inc that initially will focus on health and cybersecurity clients, Palantir said. The joint...

Opera’s Africa fintech startup OPay gains $120M from Chinese investors – TechCrunch

Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to Kenya,...

U.S. expected to grant Huawei 90-day license extension Monday: sources

WASHINGTON (Reuters) - The Trump administration is set to issue a 90-day extension of a license on Monday allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said. FILE...

Northzone raises new $500M fund to back startups in Europe (and the East Coast, US) – TechCrunch

Northzone, the European VC firm that’s probably best-known for being an early backer of Spotify, has raised a new $500 million fund, which it claims was oversubscribed and will reach its final close imminently. Dubbed “Northzone IX,” the new fund pretty much...

Microsoft updates terms on data privacy amid EU probe

FILE PHOTO: The Microsoft logo is pictured ahead of the Mobile World Congress in Barcelona, Spain February 24, 2019. REUTERS/Sergio PerezBRUSSELS (Reuters) - Microsoft said on Monday it was updating the privacy provisions of its commercial cloud contracts after...

Yahoo Japan and Line Corp confirm merger agreement – TechCrunch

SoftBank Corp announced today that it has reached an agreement to merge with Z Holdings (the SoftBank subsidiary formerly known as Yahoo Japan) and Line Corp, in a move they hope will better position them against competitors. The merger, which was first...

Disney’s ‘Mandalorian’ is never boring – TechCrunch

Disney’s shift to streaming is officially underway with this week’s launch of Disney+  along with its flagship show, the Star Wars series “The Mandalorian.” On the latest episode of the Original Content podcast, we discuss our initial reactions to the new...

Every angle of Ford’s all-electric Mustang Mach-E – TechCrunch

Ford unveiled Sunday the newest Mustang in its lineup that marks a number of firsts for the automaker. Not only is this the first all-electric Mustang, it’s also an SUV and the first vehicle to come out of Team Edison, Ford’s dedicated electric vehicle...
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