Hasbro, the toy manufacturer, is echoing Barbie-maker Mattel in cautioning that the upcoming holiday season might be lackluster, reflecting a trend of cautious consumer spending during this crucial period for retailers. Demand within the toy industry has reportedly diminished following an initial pandemic-driven surge, as...
Wallet-as-a-Service provider Magic has raised $52 million in a round led by PayPal Ventures. The strategic funding round will help the company further its mission of “enabling web3 mass adoption” by serving as Wallet-as-a-Service (WaaS) provider for companies looking to bring customers to Web3, according...
The U.S. Securities and Exchange Commission (SEC) unveiled charges against California-based blockchain services firm BitClave PTE Ltd. for allegedly holding an unregistered initial coin offering (ICO) of digital asset securities, according to a press release. The firm has agreed to settle the charges by giving...
Imagine being able to receive almost anything you want at the drop of a text message. Silicon Valley startup Magic is making that happen but for a price. Magic allows consumers to order services, food and products simply by texting the service, making anything from...
August 30, 2024
Magic raised $320 million from a group of investors that includes former Google CEO Eric Schmidt to build an artificial intelligence coworker for AI research and code generation, the company said in a Thursday (Aug. 29) blog post. The investment brings the total amount the company has raised to $465 million, according to the post. […]
May 31, 2023
Wallet-as-a-Service provider Magic has raised $52 million in a round led by PayPal Ventures. The strategic funding round will help the company further its mission of “enabling web3 mass adoption”...
May 29, 2020
The U.S. Securities and Exchange Commission (SEC) unveiled charges against California-based blockchain services firm BitClave PTE Ltd. for allegedly holding an unregistered initial coin offering (ICO) of digital asset securities,...
January 07, 2016
Imagine being able to receive almost anything you want at the drop of a text message. Silicon Valley startup Magic is making that happen but for a price. Magic allows...
