Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS and high-growth companies,
REI Network, a decentralized public blockchain, has started a dynamic collaboration with Kima Network, an advanced cross-chain settlement entity. The key objective of the partnership is to deliver seamless settlement across chains. The official social media announcement from REI network asserts that the development intends to bridge diverse blockchains, digital economics, and digital assets. Hence,
In a significant move that highlights the growing convergence of traditional industries and digital assets, ZOOZ Power, a U.S.-listed electric vehicle (EV) charging company, has successfully completed a private funding round. This initial injection of $5 million is specifically earmarked to advance its ambitious Bitcoin treasury strategy. This development follows the company’s earlier announcement on
According to The Financial Times, China is eyeing a yuan (aka renminbi) stablecoin for both internal and external use, but as even The Financial Times article makes clear, no one knows how it would work or why the Chinese Communist Party (CCP) is so keen to create one. While the piece does make clear that
Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain. Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report
Intellistake Technologies Corp. has activated its institutional-grade self-custody wallet and validator infrastructure, according to details provided to Finbold on August 6. The secure wallet infrastructure is powered by Fireblocks through a partnership with Singularity Venture Hub. “With our infrastructure now live, we’ve taken the first key step toward securely participating in blockchain networks,” said Jason
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Solana’s Seeker Phone Fixes Saga’s Flaws With Usability Upgrade Base Says Sequencer Failure Caused Block Production Halt of 33 Minutes Solana’s Jito Proposes Routing 100% of Block Engine
Paul Grewal, chief legal officer at major crypto exchange Coinbase, met this week with Priyank Kharge, the IT minister of India’s Karnataka state, as the US-based crypto exchange seeks to expand its role in India’s growing digital infrastructure. Grewal publicly thanked Kharge in a Wednesday X post, saying he “is excited to explore how Coinbase