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Coinbase, a leading cryptocurrency exchange, is confident in its ability to navigate and emerge stronger amidst increased regulatory scrutiny in the industry.
In its Q4 2022 earnings report, the US-based firm expressed optimism about its ability to overcome current and future challenges in the regulatory landscape, and suggested that it will be the “net beneficiary” of the increased regulatory focus.
The company has built reliable infrastructure and a strong business model, prioritizing prudent risk management and transparency with customers. It boasts of having a rigorous process of evaluating digital assets before listing on the spot market, which results in the majority of cryptocurrencies being rejected. Coinbase believes that this approach will help it stand out from its competitors.
Avalanche, one of the biggest blockchains for launching decentralized applications, and the KuCoin Wallet that support multi-chain aggregation powered by the KuCoin ecosystem have formally announced their integration partnership. As per a report, KuCoin Wallet provides users with simple access to all Avalanche native assets through the integration.
Anker, the world's #1 mobile charging brand1, today announced Anker Ace chargers, a new family of mobile charging accessories specifically designed for Samsung Galaxy smartphones. The first two products to launch under this product line are the Anker 313 Charger (Ace, 45W) and the Anker 312 Charger (Ace, 25W). Both products are available today on Amazon.com and Anker.com in the United States, United Kingdom, Germany, and other European countries.
Powerful and portable with a foldable plug, Anker Ace chargers provide more efficient and powerful mobile charging solutions to Samsung customers worldwide.
Coinbase’s chief product officer (CPO) Surojit Chatterjee, who is to depart on 3 February, will reportedly have taken home around $115 million while working for the company.
According to DL News, Chatterjee, who joined the crypto exchange platform in February 2020 on a five-year contract, will have amassed $105 million from stock sales, retained around $7.6 million of stock and earned a salary of just under $1 million.
Chinese tech giant Anker has launched yet another innovative product – a monitor stand that doubles as a USB-C docking station. The Anker 675 USB-C Docking Station, as it is called, is more than just a monitor stand, it is a multi-functional hub that can help you organize your desk and make your work life easier. The docking station’s main function is to elevate your computer monitor to a more ergonomic height, reducing strain on your neck and eyes. But it also offers a wide range of ports that allow you to connect all of your devices in one place, making it easy to access and switch between them.
Last year Insta360 introduced the One RS 1-Inch 360 Edition, a high-end panoramic camera engineered in partnership with Leica. Well, the thing can now be used to shoot deeper underwater than ever before, thanks to Mantis Sub's RS360 watertight housing.
Shein, the ultra-fast fashion giant, has brought on another heavyweight executive to help steer its ship. It lately onboarded Jessica Liu, former co-president at the Southeast Asian ecommerce giant Lazada, as its vice president of global brand operations. This is an intriguing development, given the platform has focused mostly on its private labels Shein, Romwe, and Sheglam. There are already signs that Shein wants to evolve into an all-encompassing e-commerce platform with its horizontal expansion into home appliances, pet products, and its most ambitious push since fashion — cosmetics, which falls under the Sheglam brand. IDG Capital joined Shein’s series B and D funding rounds in 2015 and 2019.
Nio Inc. reported Thursday that November deliveries that surged to a record monthly total, outpacing rival China-based electric vehicle makers by a wide margin. The company said it delivered 14,178 EVs in November, up 30.3% from a year ago. The deliveries included 8,003 SUVs and 6,175 sedans, which consisted of 3,207 ET7s and 2,968 ET5s. Shanghai-based Nio NIO, -5.40% said it has now delivered a total of 273,741 EVs as of Nov. 30, and plans to accelerate production and deliveries in December. IDG Capital joined Nio’s Series B+ and C funding rounds in 2016 and 2017. Nio is the first automobile company that listed in three stock exchanges, it went public in NYSE, SEHK and SGX-ST.
Xiaomi has refreshed the Redmi Pad, a few weeks after revealing the budget tablet. For some reason, the company has sought to offer the Redmi Pad with more RAM, as it is wont to do. Currently, the new version of the Redmi Pad is only available in Xiaomi's home market. IDG Capital joined Xiaomi’s series A and B funding rounds in 2011.
Pony.ai Inc. has established a new department to develop assisted driving systems for makers of passenger vehicles, as the Toyota-backed self-driving startup tries to expand its revenue streams beyond autonomous taxis and trucks. The new unit has secured a contract to install its assisted driving technology in a model scheduled for mass production in 2023, Pony.ai’s Chief Operating Officer Wang Haojun said in a recent interview with Caixin. Wang declined to name the carmaker. IDG Capital joined Pony.ai’s angel round in 2017 and also injected in its Series A funding round in 2018.
Fast fashion retailer Shein is set to open its first permanent store and event space in the world – in Japan’s capital Tokyo. Located in the bustling fashion precinct of Harajuku,the new site will open on November 13. Shein’s first brick-and-mortar space will display items and styling that caters to the Japanese market. Spanning 201sqm and two storeys, the store features three fitting rooms and an Instagrammable photo booth. IDG Capital joined SHEIN’s Series B and D funding rounds in 2015 and 2019.
Circle Internet Financial, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin (EUROC), has received In-Principle Approval as a Major Payments Institution License holder from the Monetary Authority of Singapore (MAS). This allows Circle to offer digital payment token products, cross-border and domestic transfer services in the city state, giving rise to a new generation of financial services and commerce applications.
The KuCoin Wallet, designed to be a secure and easy to use crypto wallet that supports multi-chain aggregation powered by the KuCoin ecosystem, has officially launched a Chrome Extension with comprehensively improved security technology and architecture, ensuring the security of user assets across multiple dimensions and safeguarding the Web3 experience. As the crypto industry continues to develop and user demand becomes more and more diverse, easy-to-adopt wallet extensions have become a necessity for all kinds of users. Despite this, past security incidents show that assets are stolen from wallet extensions almost every year, affecting a large number of users and resulting in losses of up to USD 2 Billion in 2022. Safety and easy to use become the main demands for users. Driven by the users demands and the industry reality, KuCoin Wallet Chrome Extension is set up to be a safe, reliable and the first wallet with comprehensive Multi-Device Integration. IDG Capital joined KuCoin’s Series A funding round in 2018 and re-upped in it’s strategic investment in 2022.
imToken is glad to sponsor and participate in ETHVIETNAM, which is one of the largest global blockchain events that aims to empower participants to build a blockchain world together, shape the ecosystem and promote growth. At the conference, imToken gave a keynote speech on "Access to the tokenized world - A wallet for an average person". From the perspective of a wallet provider with a long-standing commitment to building the ecosystem, imToken shared how they understand the concept of token, envisioned a token-based future, and most importantly, shared its latest exploration of : What is the next-generation wallet,
RIVO: A payment web service based on DLT (Distributed Ledger Technology). IDG Capital joined imToken’s series A and B funding rounds in 2018 and 2021.
Anker has launched the 3-in-1 Cube with MagSafe, a wireless charging device exclusively for Apple. The device features an angled phone mount and an extending platform, providing three charging spots enabling you to recharge an iPhone, Apple Watch and AirPods simultaneously. IDG Capital joined Anker’s Series A funding round in Jan 2016and re-upped in it’s National Equities Exchange and Quotations private placement in Dec 2016.
VETRESKA Future Pet Food, the Singapore-based subsidiary of leading Chinese pet lifestyle brand VETRESKA, recently received a US $50 million strategic investment from Quest FoF, the VCC of a major Pan-Asian Agri-Food conglomerate. Earlier this year, the parent company of VETRESKA also announced that it had completed three rounds of funding, raising an undisclosed eight-figure USD sum over a two-year period. The strategic investment allows the creative and branding nous of VETRESKA to now be complemented by the upstream foundation of its new investor. IDG Capital led VETRESKA’s Series A funding round in 2018.