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Istanbul-based Getir, which promises an average grocery delivery time of 10 minutes, raises $38M Series A led by Michael Moritz, starts raising $100M Series B (Laura Pitel/Financial Times)

Laura Pitel / Financial Times: Istanbul-based Getir, which promises an average grocery delivery time of 10 minutes, raises $38M Series A led by Michael Moritz, starts raising $100M Series B  —  A Turkish start-up offering ultrafast deliveries has secured almost $40m in funding from a group of investors led [Read More...]

Cargo, which sold snack boxes and other amenities to ride-hail passengers, lays off “fewer than 30” employees and pivots to car-top advertising (Kia Kokalitcheva/Axios)

Kia Kokalitcheva / Axios: Cargo, which sold snack boxes and other amenities to ride-hail passengers, lays off “fewer than 30” employees and pivots to car-top advertising  —  Cargo, a New York-based startup that sells snack-boxes and other amenities to ride-hail passengers, has laid off around two dozen employees [Read More...]

New Stablecoins Commence a Fresh Assault on Tether

Can any stablecoin topple tether? In 2019, the answer to that question was an emphatic ‘No.’ Despite a string of stablecoins being released onto the market, tether (USDT) increased its grip on the cryptoconomy’s fiat supply, racking up $127B of on-chain volume on Ethereum alone. This year, the king of stablecoins faces a renewed [Read More...]
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