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Austin startup fundings: Brinqa, Overhaul, Wheel, others do deals

Austin startup fundings: Brinqa, Overhaul, Wheel, others do deals
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Texas-Squared Startup Newsletter #301

Texas Startup News, Opinion & Events in the Lone StartUP State
View this email in your browserSUBSCRIBE to Texas-Squared Email to a FriendSign up for reminders about Austin Startup meetups… ....

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First Indian crypto exchange attracts Draper investment – Bankless Times

First Indian crypto exchange attracts Draper investment
India’s first cryptocurrency exchange, Unocoin, is close to finalizing its Series A funding round, targeted at $5 million. The round thus far is led by Tim Draper’s Draper Associates, with participation from XBTO Ventures and 2020 Ventures, veteran investors in the digital asset industry. The Series A funding round raises Unocoin’s valuation to US$20 million.
Following the lifting of the Reserve Bank of India’s ban on digital asset trading, Unocoin’s latest raise will bolster its continued growth in India, allow it to build a stronger technology team, and enhance its product infrastructure and offerings. Notable developments in the pipeline include expansion into DeFi with its own protocols and the implementation of a new AI-based chatbot system to improve customer support. ....

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High court relief for duo who set up Bitcoin ATM

BENGALURU: Over two years after being booked for setting up a Bitcoin ATM in violation of RBI norms in a Bengaluru mall, co-founders of cryptocurrency exchange Unocoin, B V Harish and Sathvik Vishwanath, finally have something to cheer.
Unocoin said the Karnataka high court has dismissed the long-pending FIR against the firm. Unocoin had set up a kiosk in 2018 to allow customers to deposit money to or withdraw money from their Unocoin accounts. On the grounds that they had not been granted the necessary approvals for setting up the kiosk, the local police had detained Unocoin’s co-founders.
Following a Supreme Court decision, the Karnataka HC quashed the FIR registered against them by the cybercrime police. Last year, the SC in the Internet and Mobile Association of India case set aside the RBI’s April 2018 circular banning financial services companies from trading in virtual or cryptocurrency. Citing the same, Harish and Vishwanath had challenged the FIR. ....

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