Hey Waivly Crew! 🌊 BitGo has raised $100 million in Series C funding at a $1.75 billion valuation. Ledger users can now buy crypto through the Ledger Live App using PayPal. 🎉 Get 50% Off Waivly+ By Joining Today | Offer Ends August 31st 🎉 Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you access to exclusive Web3, AI, and tech content, insights, news, a members-only weekly newsletter edition, and more, all blended into one super low-cost and quick to join membership 🙌 Click here to get onboard and to become a Waivly+ Crew member! BitGo raises $100 million at a $1.74 billion valuation
Crypto custodian BitGo has secured $100 million in a Series C financing round, raising the company's valuation to $1.75 billion. The newly raised funds will be deployed to make strategic acquisitions and expand BitGo’s regulated custody, wallet, and infrastructure solutions globally. BitGo CEO Mike Belshe noted that the new funds will help the firm meet the growing demand for custody and provide institutions and companies with tools to participate in the digital asset ecosystem. So far in 2023, BitGo has seen a 60% increase in new clients, 20% increase in Asset Under Custody (AUC), 200% increase in fiat custody, and 40x growth in staked assets, the firm said. According to a report by Bloomberg, BitGo’s Series C funding featured entirely new investors based in the U.S. and Asia. Some of the backers came from outside the crypto industry, Belshe reportedly said. BitGo’s previous investors include Goldman Sachs, DRW Holdings, and Galaxy Digital. In 2021, Galaxy planned to acquire BitGo for $1.2 billion, but decided to terminate the deal a year later. The Waves⁉️ Over $1.7 million stuck in Shibarium after launch 👀 BitExchange enables XRP options trading 💬 Google reportedly building AI that offers life advice 📜 Sotheby’s & Yuga Labs respond to lawsuit from BAYC investors Discover more Waves in the Waivly Discord. Click here to get onboard! 🌊 Constant Contact: Your AI-Powered Content Partner
With the rise of AI, companies are exploring new ways to enhance their customer experience. Constant Contact has been leading the way in the email marketing and CRM industry by incorporating cutting-edge AI technology into its platform. From AI automations to content generation, Constant Contact offers a range of advanced features to help you create highly targeted, effective campaigns without the hassle of writer's block. 🙌 Say goodbye to the frustration of content creation and hello to more time doing what you love with who you love. Check out Constant Contact's AI solutions today and see the difference it can make for your business! Web3 SpecialLedger integrates PayPal on its Ledger Live app
Hardware crypto wallet provider Ledger has launched a new on-ramp solution with PayPal. Owners of a Ledger Wallet can now use their PayPal accounts to purchase cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Those purchases will be automatically sent to their Ledger wallets, eliminating intermediary steps. For users who've transacted crypto using PayPal before, purchases in Ledger Live require no additional verification. It's designed with both the crypto expert and newcomer in mind. In a press release, Ledger Chairman and CEO Pascal Gauthier stated that combining Ledger Live with PayPal will make crypto transactions simpler while also not compromising on security. “We’re combining the uncompromising security of Ledger with PayPal's leadership in protected payments technology to help facilitate a seamless platform for user crypto transactions. Ledger is committed to simplifying the world of crypto, and PayPal is committed to making the movement of money as simple, reliable and affordable as possible,” he said. Ledger claims to have sold over 6 million Ledger Nano hardware wallets since 2016, making it one of the leading hardware wallet manufacturers. It came under some controversy in May, when it introduced a private key recovery service that led to confusion among users. The team later attempted to hose down criticism by delaying its launch. Dubai offers a 90% discount on commercial licenses for Web3 and AI companies
Dubai has started offering commercial licenses to artificial intelligence and Web3 companies at a 90% subsidy as it works to create the largest pro-tech hub in the Middle East and North African Region (MENA). The Dubai AI and Web 3.0 Campus — an aspiring tech hub — announced the decision to subsidize the licenses for companies looking to set up a base in the city. The licenses will be issued by Dubai International Financial Centre (DIFC). “We are confident that by granting these licenses, we will attract more global talent and investment to the region and create a culture of collaboration and innovation,” DIFC Innovation Hub CEO Mohammad Alblooshi commented. In addition to attracting talent, Dubai has also given out operational licenses to crypto exchanges. Earlier this month, Binance received the first Operational Minimum Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA). The new license allows Binance to offer services in Dubai approved by VARA, including exchange and broker-dealer services — initially to institutional and qualified retail investors. Waivly Jobs Highlights👩💻 Senior Web3 Front-End Developer at InvArch Network 👩💻 Social Media Manager at Trilitech 👩💻 Senior Brand Designer at Alchemy 👩💻 Senior Backend Engineer at Flashbots Share the Waivly newsletter with your friendsThat wraps up today's newsletter, thank you for reading through. Know someone else who would enjoy the Waivly newsletter as much as you do? Let them know about us, send them a link to join, and get great rewards for doing so! The reward per referrals are:
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📱 Ledger announces PayPal integration
August 17, 2023
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