Something is going on in the cryptocurrency world, but it’s hard to figure out why prices are jumping. Both bitcoin and Ether prices are currently trading at an all-time high. According to Coindesk’s price index, you could buy one bitcoin for $1,343 earlier today. It roughly represents a 6 percent increase in 7 days, and a 34 percent increase in a month. And when it comes to the… Read More
According to a new report from Recode, Musical.ly is about to release a new update to its mobile app with a major change. The company is switching from 7digital to Apple music for its music catalog. Musical.ly’s video social network app has skyrocketed last year, raising $100 million at a $500 million valuation and reaching 40 million monthly active users. And yet, the app is mostly used… Read More
After weeks of reports that Didi Chuxing, the Uber of China, was raising another monster round of funding, today the company confirmed the close: it has raised a fresh $5.5 billion, it said in a statement today, to continue global expansion and to invest deeper into emerging areas like artificial intelligence to bring more advanced systems to its transportation service. The company… Read More
Google Wifi, the mesh router that Google unveiled first last October, is now on sale in Canada. The router sells either individually for $179 CDN, or in a 3-pack for $439 CDN, which is pretty close to U.S. pricing given current exchange rates. The Wifi solution’s mesh networking approach means it can seamlessly pair with other units to extend coverage throughout a house, without… Read More
An email scam offering people an instant tax refund is on the rise in Canada this tax season.
A large corporate tax cut proposed by U.S. President Donald Trump must still get approval from Congress before it sees the light of day, but it could have impacts on Canada, economists say.
Netflix has played down the significance of its first major licensing deal in China, news of which was announced this week. The company’s share price surged nearly six percent after it announced that it had agreed to a distribution deal with iQiyi, one of China’s largest video portals which was started by internet giant Baidu. The news was first revealed at the APOS 2017 event… Read More
An early player in drone-tech, 3D Robotics Inc., announced that it has raised $53 million in a Series D round of funding on Thursday, including new equity funding and conversion of debt equity. Atlantic Bridge led the round joined by Autodesk Forge Fund, True Ventures, Foundry Group, Mayfield and other undisclosed investors, according to the company statement. The company didn’t break… Read More
Another day another IPO(s). Due to the recent success of public offerings from companies like Yext, Okta and Snap it seems the time is now for startups to go public. And tomorrow we have two IPOs that are weirdly similar when you look at the numbers. Both will offer the same amount of shares for the same price on the same exchange, and even sound alike – Carvana and Cloudera. I… Read More
Didi Chuxing is valued at more than $50 billion, SiriusXM acquires Automatic for more than $100 million, Apple Music wants to be Apple Video with the next iteration of the app focused on video and Everfi raises a $190 million round. All this on Crunch Report. Read More