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The new $5.3 billion valuation is a significant increase from the $3 billion reported by Pony.ai in February.Chinese autonomous car firm Pony.ai has secured $267 million in another round of funding that brings its valuation to $5.3 billion. In total, the autonomous-automobile firm has raised $1 billion through funding.According to
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Earlier this week, analysts with the cryptocurrency analysis firm Arcane Research were musing that new developments appeared to have slowed in the fast-growing blockchain arena of decentralized finance, known as DeFi. But they predicted that any lull was likely to be temporary. “A new boost for DeFi tokens could be right around
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Tesla registered its worst single-day drop in history wiping out over $88 billion from its market cap. The S&P 500 Index Committee skipped TSLA stock in its inclusion to the index that led to negative market sentiment.Electric car maker and automobile giant Tesla Inc (NASDAQ: TSLA) witnessed a massive rally
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QuantumScape said that it plans to go public. It is the latest transportation startup to integrate with a special purpose acquisition company or SPAC.QuantumScape said on September 3, 2020, that it plans to go public via a reverse merger with Kensington Capital Acquisition Corp. The 10-year-old Silicon Valley battery startup
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The rapid growth of TSLA shares has led to an increase in the Tesla value that currently makes up $382.04 billion. Now both analysts and investors believe the best days for Tesla are still ahead.At the end of the last week, Tesla Inc (NASDAQ: TSLA) stock skyrocketed again to reach
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With an increase of 43% in 2020, Tencent has added $197.74 billion to its market value on Tuesday, pushing its market cap higher than that of Facebook.Tencent Holdings Ltd (HKG: 0700) has become more valuable than Facebook Inc (NASDAQ: FB), shooting past the American social media giant. After a huge
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Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this price, the model suggests Bitcoin is trading at a significant discount, at just above $9,100.In a blog posting this past Thursday, Seba says the model’s estimate relies on the
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Nico Cordeiro is the chief investment officer and fund manager at Strix Leviathan. He oversees quantitative research, strategy development, risk management and portfolio allocation. A longer version of this post can be found here. The stock-to-flow model (SF), popularized by a pseudonymous Dutch institutional investor who operates under the Twitter
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Bitcoin is one of the only sources of funding available for the “pirate” science site, Sci-Hub, which is quietly engaged in war against copyrights. Despite Bitcoin’s ability to disintermediate money from politics, a new quantum computer may eventually crack its code. Here’s the story: You’re reading Blockchain Bites, the daily roundup of
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Blockchain start-up and XRP proponent Ripple says it’s raised a $200 million investment round, lifting its valuation to $10 billion. Despite this move, critics worry whether Ripple and its XRP digital currency have a future in the space when up against CBDCs, stable coins, and XRP’s biggest competitor, Bitcoin. Ripple
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