Category Archives: computing

Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio Jam City and giving the company $145 million in new funding to carry that out. There’s no word on whether the new money is in equity or debt, but what is certain is that JPMorgan Chase Bank, Bank of America Merrill Lynch and syndicate partners, including Silicon Valley Bank, SunTrust Bank and CIT Bank, are all involved in the deal. “In a global mobile games market that is consolidating, […]

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Scratch 3.0 is now available

The only kids’ programming language worth using, Scratch, just celebrated the launch of Scratch 3.0, an update that adds some interesting new functionality to the powerful open-source tool. Scratch, for those without school-aged children, is a block-based programming language that lets you make little games and “cartoons” with sprites and animated figures. The system is surprisingly complex, and kids have created things like Minecraft platformers, fun arcade games and whatever this is. The new version of scratch includes extensions that allow you to control hardware, as well […]

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Zynga to acquire Small Giant Games, the maker of Empires & Puzzles, for $700M

Social game developer Zynga has entered into an agreement to acquire Small Giant Games, the startup behind the popular mobile game Empires & Puzzles, in a deal expected to total $700 million. Zynga, which has tumbled since its 2011 Nasdaq initial public offering, will initially acquire 80 percent of Small Giant Games for $560 million, composed of $330 million in cash and $230 million of unregistered Zynga common stock. Zynga will fund part of the transaction with a $200 million credit facility. “We’ve been impressed by the quality […]

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Atari teams up with some startup to pretend to make blockchain-based games

Animoca Brands will produce and publish blockchain-based versions of RollerCoaster Tycoon and Goon Squad worldwide (excluding China, Hong Kong, Taiwan, and Macau); the new titles will feature the integration of non-fungible tokens (NFTs). The term of the Agreement extends through to 31 March 2022. In honor of this exciting announcement I’d like to propose the following blockchain-based products available for license to those hunting for a quick buck: Blockchain! The Musical Blockchain Cereal Blockchain Brand Kombucha Blockchain & Me, An Alien Adventure Blockchain Whiskey Blockchain Soda Blockchain […]

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Solo.io raises $11M to help enterprises adopt cloud-native technologies

Solo.io, a Cambridge, Mass-based startup that helps enterprises adopt cloud-native technologies, is coming out of stealth mode today and announcing both its Series A funding round and the launch of its Gloo Enterprise API gateway. Redpoint Ventures led the $11 million Series A round, with participation from seed investor True Ventures . Like most companies at the Series A state, Solo.io plans to use the money to invest in the product development of its enterprise and open-source tools, as well as to grow its sales and marketing teams. […]

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Red Hat acquires hybrid cloud data management service NooBaa

Red Hat is in the process of being acquired by IBM for a massive $34 billion, but that deal hasn’t closed yet and, in the meantime, Red Hat is still running independently and making its own acquisitions, too. As the company today announced, it has acquired Tel Aviv-based NooBaa, an early-stage startup that helps enterprises manage their data more easily and access their various data providers through a single API. NooBaa’s technology makes it a good fit for Red Hat, which has recently emphasized its ability to help […]

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Pure Bit, a South Korean exchange, pulls a $2.8 million exit scam

Another day, another exit scam. This time it comes to us from South Korea, where an exchange, Pure Bit, has completely shut down after raising $2.8 million in Ethereum from investors. The exchange, which promised to deliver something call Pure Coin, was live yesterday and today is completely shut down after posting “Sorry” and “Thanks” to their communications channels. According to a Reddit thread, the team was anonymous and that the process of building and pumping exchange tokens is a “popular trend in Korea.” “They have gotten […]

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Happy 10th birthday, Bitcoin!

Bitcoin turned 10 years old, a milestone for a technology that few have used and even fewer understand. Ultimately, the blockchain it wrought could be the biggest change to banking, finance and politics ever — or it could be a dud. The jury is still out, but let’s take a walk down memory lane and see just how the product grew from White Paper to world beater.

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Minds, the blockchain-based social network, grabs a $6M Series A

Minds, a decentralized social network, has raised $6 million in Series A funding from Medici Ventures, Overstock.com’s venture arm. Overstock CEO Patrick Byrne will join the Minds Board of Directors. What is a decentralized social network? The creators, who originally crowdfunded their product, see it as an anti-surveillance, anti-censorship, and anti-“big tech” platform that ensures that no one party controls your online presence. And Minds is already seeing solid movement. “In June 2018, Minds saw an enormous uptick in new Vietnamese of hundreds of thousands users as […]

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Tim Berners-Lee is on a mission to decentralize the web

“I’ve always believed the web is for everyone,” wrote Tim Berners-Lee, the well-known (and knighted) creator of the World Wide Web. “The web has evolved into an engine of inequity and division; swayed by powerful forces who use it for their own agendas,” he added. “Today, I believe we’ve reached a critical tipping point, and that powerful change for the better is possible — and necessary.” Late last month, he published the above in a blog post announcing inrupt, a startup that would finally execute on his […]

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