Bitcoin tumbled more than 4% on Friday after Turkey’s central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible “irreparable” damage and transaction risks. The decision could stall Turkey’s crypto market, which has gained momentum in recent months as investors joined the global rally in bitcoin, seeking to hedge against lira depreciation and inflation that topped 16% last month.
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Startup Monday Issue: 10 news to follow this week in the global startup ecosystem (Issue 36–19 April 2021)
Despite a challenging year in the cannabis industry, venture investors poured over $2.3 billion into cannabis startup in 2019, up from $1.5 billion in 2018.
Startup Monday Issue (Issue 35–12 April 2021): Latest tech trends and news happening in the global startup ecosystem!
Global funding last quarter hit an all-time high, marking the first single quarter to reach above $100 billion, according to Crunchbase data. In the first quarter of 2021, global venture investments reached $125 billion, a 50 percent increase quarter over quarter and a whopping 94 percent increase year over year, Crunchbase data shows.