VC firm 468 Capital has raised $400 million for its second seed-stage fund focused on European startups, and American ones with a connection to Europe.
Why it matters: The past year has been a record year for the European startup market, even attracting unprecedented levels of American venture capital.
Cryptocurrency exchange Coinbase is adding Tobi Lütke, co-founder and CEO of ecommerce giant Shopify, to its board of directors, subject to final approval later this week.
Why it matters: With the widespread explosion of applications of cryptocurrencies and blockchain tech, it's no surprise to see Coinbase seek to add Lütke's expertise in online commerce and tech that's accessible even to solo entrepreneurs and small businesses.
Spotify CEO Daniel Ek on Sunday finally responded to a growing chorus of critics panning the streamer for not doing enough to address COVID-19 misinformation.
Why it matters: While health experts have been sounding the alarm about the issue for weeks, it took the threat of high-profile talent boycotts for Spotify to finally admit that it hadn't been transparent around its content policies.
Foreign journalists and news outlets are "facing unprecedented hurdles covering China" as the country's government steps up "excessive intimidation" efforts, according to a report published Sunday night.
Why it matters: As global outlets prepare to cover the Beijing Winter Olympics, which begin Friday, 99% of foreign journalists surveyed by the Foreign Correspondents' Club of China reported conditions that did not meet international standards and 62% said they were "obstructed at least once by police or other officials," per the report.
Bogus cryptocurrency investments led to an unprecedented increase in online scams last year, according to new data from the Federal Trade Commission (FTC).
Why it matters: Cryptocurrency is an easy target because while it's surging in popularity, there's still a lot of confusion about how it works.
