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Funding News
Bloomberg Quint
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US Stock Markets Today: S&P 500, Nasdaq Open Higher As Wall Street Eyes Christmas Cheer
- Two of the three main US stock market indices opened in the green on Monday, marking a positive start to the Christmas-shortened trading week.
- The tech-heavy Nasdaq Composite gained 0.51% to trade at 19,671.93.
- The broader index, S&P 500, surged as much as 0.23% to 5,944.60.
- The Dow Jones Industrial Average declined 0.26% to 42,730.30.
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SiliconCanals
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Image Credit: SiliconCanals
10 Lithuanian startups that raised the country’s largest funding rounds in 2024; 6 of them are hiring right now
- Lithuania is an attractive destination for entrepreneurs and investors, with over 1,000 startups and tech companies in the country.
- By mid-December 2024, Lithuanian startups had raised €86M this year through 38 deals.
- The top funding rounds from 2024 in Lithuania include Ovoko, Bourgeois Boheme, Biomatter, Vixichain, Fideum, Unmanned Defense Systems, Saltz App, Ligence, Redtrack, and Cyber Upgrade.
- For those looking for job opportunities, several of these companies are actively hiring.
- At present, Ovoko, Biomatter, Vixichain, and Ligence have open positions listed on their websites.
- Estonia had over 60 transactions this year and attracted over 345 million euros.
- Although the total investment dropped significantly, the rising share of taxes paid shows the Lithuanian startup ecosystem is growing and strengthening.
- A majority of Lithuanian startups operate successfully without external investments, but attracted investments are one of the important components.
- The Lithuanian startup ecosystem is on track for continued success in 2024.
- Lithuanian startups operate in various industries, such as fintech, synthetic biology, agriculture, cybersecurity, and more.
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Tech Story
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MicroStrategy Acquires Additional 5,262 BTC as Stock Enters Nasdaq 100 Acquisition by Microstrategy
- MicroStrategy acquires additional 5,262 BTC, bringing its total holdings to over 158,000 BTC.
- MicroStrategy joins Nasdaq 100, signifying market acceptance and endorsement of its business model.
- Bitcoin price remains stable, while MicroStrategy's stock shows upward movement in response to the news.
- MicroStrategy's acquisitions and visibility in traditional financial markets pave the way for institutional adoption of cryptocurrency.
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Npengage
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Image Credit: Npengage
6 Tips for Quick Response During a Time of Need
- Develop a focused emergency response plan that outlines roles and responsibilities, resource audit, and communication plan.
- Structure donation forms around specific relief efforts to mobilize support quickly.
- Add clear call-to-actions on your website to increase engagement and donations.
- Leverage technology for efficient communication using mass notification systems, social media, and mobile apps.
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Tech Story
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Cardano’s Charles Hoskinson to Meet Democratic Senators in Push for Bipartisan Crypto Agenda Hoskinson on Crypto Agenda
- Charles Hoskinson, founder of Cardano, is scheduled to meet with Democratic Senators to discuss cryptocurrency regulation and foster bipartisan collaboration.
- The meeting aims to create a balanced regulatory framework that supports innovation and addresses security and compliance concerns.
- Key topics of discussion may include the classification of digital assets, consumer protections, incentives for innovation, and addressing environmental concerns related to blockchain technologies.
- This proactive approach by Hoskinson is welcomed by the blockchain community, while some critics remain cautious about potential overinclusive or exclusionary regulations that may stifle innovation.
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Bloomberg Quint
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Adani Foundation Funds Rs 67.60 Lakh Indoor Cricket Facility For Budding Talent In Anantnag
- The Adani Foundation has donated Rs 67.60 lakh to Amir Hussain Lone, a differently-abled cricketer, to build an indoor cricket facility in Anantnag.
- Lone had written to Gautam Adani seeking financial aid for his dream project and received a positive response.
- The facility aims to train children, including differently-abled individuals, in the sport of cricket.
- Preeti Adani, chairman of the Adani Foundation, expressed admiration for Lone's determination and announced the donation for the project.
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Tech Story
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HEX Cryptocurrency Plummets as Founder Richard Heart Lands on Interpol’s ‘Most Wanted’ List Heart on Interpol's 'Most Wanted'
- HEX cryptocurrency has experienced a dramatic decline after its founder, Richard Heart, was put on Interpol's 'most wanted' list.
- HEX, a decentralized finance (DeFi) project, gained popularity for its high-yield investment claims but faced criticism for its unconventional tokenomics and centralized control.
- Richard Heart, known for ostentatious displays of wealth, is facing charges related to fraudulent activities and money laundering in connection with HEX and associated projects.
- HEX's price plunged over 50%, erasing millions of dollars in market value, causing concern for the entire DeFi ecosystem. The scandal renews the debate on regulation in the crypto market.
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Cryptoslate
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Image Credit: Cryptoslate
Market remains resilient with $308M in inflows despite turbulence
- Crypto investment products recorded $308 million in net inflows, marking the eleventh consecutive week of positive movement.
- The market experienced turbulence, with the largest single-day withdrawal of $576 million and nearly $1 billion exiting the market later in the week.
- Bitcoin attracted $375 million in inflows and Ethereum secured $51 million, while other altcoins such as XRP, Horizen, and Polkadot also saw inflows.
- Institutional trends showcased divergent strategies, with BlackRock's iShares ETF attracting over $1.5 billion in inflows, while Grayscale and Fidelity ETFs experienced notable outflows.
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Bloomberg Quint
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Bangladesh Sends Diplomatic Note To India To Extradite Sheikh Hasina
- Bangladesh's interim government has formally requested India to extradite ousted Prime Minister Sheikh Hasina, who has been living in exile in India since Aug. 5.
- Sheikh Hasina fled Bangladesh following widespread student-led protests that led to the downfall of her 16-year regime.
- The International Crimes Tribunal in Bangladesh has issued arrest warrants for Hasina, accusing her of crimes against humanity and genocide.
- Bangladesh's interim government has sent a diplomatic note to India, formally requesting the return of Hasina for legal proceedings.
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Futurefundraisingnow
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6 ways to hold on to your donors
- Donor attrition is a challenge for fundraising programs.
- Immediate and warm appreciation after donation is crucial to maintain donor relationships.
- Acknowledge donors as individuals rather than just thanking them for the donation.
- Invest time, budget, and creativity in thanking donors to make it memorable.
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Bloomberg Quint
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Xerox To Buy Printer Maker Lexmark In $1.5 Billion Deal
- Xerox has agreed to buy printer maker Lexmark in a deal worth $1.5 billion.
- The transaction includes debt and other liabilities that Xerox will assume from current owners Ninestar Corp., PAG Asia Capital, and Shanghai Shouda Investment Centre.
- The deal is expected to close in the second half of 2025, pending approval from US and Chinese regulators.
- Lexmark, which was spun off from IBM in 1991, is already a partner and supplier to Xerox.
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Bloomberg Quint
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Image Credit: Bloomberg Quint
WhatsApp Will No Longer Support These Older Android Phones From Jan. 1
- Beginning Jan. 1, 2025, WhatsApp will no longer work for Android phones running Android KitKat or previous versions of the operating system.
- WhatsApp has been adding new features and functionalities that require more powerful hardware which older Android KitKat devices cannot offer.
- The move is consistent with Meta's strategy to phase away support for obsolete devices.
- The affected Android phones include Samsung Galaxy S3, Galaxy Note 2, Galaxy S4 Mini, Sony Xperia T, Xperia V, Xperia Z, Xperia SP, Motorola Moto G (1st Generation), Moto E 2014, Razr HD, LG Optimus G, G2 Mini, Nexus 4, L90, HTC One X, One X+, Desire 500, and Desire 601.
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Alleywatch
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The Weekly Notable Startup Funding Report: 12/23/24
- Charlotte-based Aiwyn raised $113.0M in total equity funding for its automation software for accounting firms.
- Bureau, a San Francisco-based no-code identity decision platform, raised $30.0M in total equity funding to enhance end-to-end identity verification.
- Anatomy Financial, a San Francisco-based automation solution for healthcare providers, raised $19.0M in total equity funding.
- Thirteen notable funding rounds were recorded across various startup ecosystems in the US representing $869.9M in new funding.
- Culina Health, a Madison-based virtual nutrition care provider, raised $7.9M in total equity funding.
- Parafin, a San Francisco-based financial infrastructure company, raised $100.0M in total equity funding.
- Precision Neuroscience, a New York-based neural platform, raised $102.0M in total equity funding for its brain-computer interface technology.
- Mojave Energy Systems, a Palo Alto-based air conditioning solutions provider, raised $9.5M in total equity funding.
- Unrivaled, a Miami-based professional women's basketball league, raised $28.0M in total equity funding.
- BlueQubit, a Los Angeles-based quantum software platform, raised $10.0M in total equity funding.
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Bloomberg Quint
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MFN Status Suspension Won’t Delay India-EFTA Trade Pact, Clarifies Switzerland
- Switzerland clarified that the suspension of the most-favoured nation (MFN) status for India will not delay the implementation of the India-EFTA trade pact.
- The trade pact, signed between India and the European Free Trade Association (EFTA) bloc, will not be affected by the MFN status suspension.
- Switzerland is the largest trading partner of India in the EFTA bloc, and the decision will not negatively impact investments from Switzerland to India.
- Under the pact, India received an investment commitment of $100 billion over 15 years and will allow imports of products like Swiss watches, chocolates, and diamonds at lower or zero duties.
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Bloomberg Quint
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No-Detention Policy Scrapped For Classes 5, 8 Students Who Fail To Clear Year-End Exams
- The Centre has scrapped the 'no-detention policy' for classes 5 and 8 in schools governed by it allowing them to fail students who do not clear the year-end exams.
- After the regular examination, if a child fails to fulfill the promotion criteria, they shall be given additional instruction and an opportunity for re-examination within two months.
- If the child fails to fulfill the promotion criteria again in the re-examination, they shall be held back in fifth class or eighth class, as the case may be.
- No child shall be expelled from any school till the completion of elementary education.
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