Bitcoin' chances to get recognition as a legal form of money or payment has been slimmed down again when a top foreign currency in Sweden, SEB AB, denied its clients' requests to open accounts in the bank to manage Bitcoins the latter owned.
Regions
Paypal executive Mike Liberatore leaves firm to become CFO of San Francisco payments startup Clinkle
Mike Liberatore, the former head of Paypal's enterprise and North American financials, left the company to become the new Chief Financial Officer (CFO) of San Francisco, US-based payments startup Clinkle.
US advertising company Federated Media sells content marketing arm to LIN Media
San Francisco, US-based advertising firm Federated Media sold its content marketing arm to Rhode Island-based multimedia company LIN Media for an undisclosed amount to focus on programmatic advertising.
Twitter co-founder Ev Williams raises $25M for blogging platform Medium
In its first outside funding round, Medium, the blogging platform that Twitter co-founder Ev Williams established, raised $25 million from Greylock Partners and other investors.
Text of Obama's State of the Union address
Following is a text of the prepared remarks by President Barack Obama for his annual State of the Union address on Tuesday, where he urged Congress to pass legislation that rebuilds the mortgage market to rely more on private capital, but also maintains support for creditworthy borrowers.
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Igenica Inc, the biopharmaceutical firm dedicated to developing antibodies and antibody-drug conjugates to treat the Big C, obtained $14 million in its Series C extension round.
Seattle, US-based beauty product startup Julep launched a crowdfunding campaign on its website to raise $75,000 for a new bendable nail polishing tool to test the demand for the said product.
Sightly was able to obtain $1.7 million in seed funds in a round led by Mac Capital and participated in by other investors which included Tomorrow Ventures and 500 Startups.
Sameer Gehlaut, the Chairman and Co-Founder of Indiabulls Group, backed stealth mobile messaging and social networking startup MyActivityPal Inc with a $5 million investment for its Series A found.
Secure mobile messaging app for enterprises Cotap raised $10 million for its Series B funding round led by Emergence Capital Partners. So far, the latest proceeds brought to $15.5 million Cotap's total funds raised.
RenovoRx Inc, a privately-held medical device maker, closed its series B funding round with $1.15 million. The financing was led by one of the largest angel groups in the US, Golden Seeds.
Jamieson Laboratories, the largest manufacturer and distributor of natural health products in Canada, will be purchased by CCMP Capital Advisors. Terms of the deal were not disclosed.
GoCardless, a payments platform for online Direct Debits in the UK, was able to obtain $7 million for its Series B funding round led by venture capital firm Balderton Capital.
General Electric Co Chief Executive Officer Jeffrey Immelt has asked private investors to pour more funds in African nations where government-run services have been strained, Bloomberg reported.
