thehustle.co thehustle.co

Ethereum’s co-founder snags $65m to help modernize financial infrastructure

Blockchain studio ConsenSys closed a $65m round of funding this week. While the funding is sizable, the investors are the real prize. Leading the round are banking heavyweights UBS and JPMorgan Chase. The latter previously sold its enterprise blockchain tech Quorum to ConsenSys in a deal last August — now, they own a lil’ bit of ConsenSys. AKA the full-circle back scratch is complete. Not to be outshined by its banking big...

thehustle.co thehustle.co

The largest office park in the US has a wild horse problem

The Tahoe-Reno Industrial Center (TRI) is a 107,000-acre office park located south of Reno, Nevada. It’s home to ~130 companies, including Tesla’s $5B Gigafactory and fulfillment centers for Amazon, Walmart, and PetSmart. A recent New York Times article highlights the tension between companies’ attempts to lure employees to TRI with frolicking wild horses — a claim Musk famously tweeted in 2018 — and the reality of… well,...

thehustle.co thehustle.co

Inside China’s quiet plan to dethrone the dollar

Over the last few months, 100k+ people in China were airdropped cold hard cash… digitally. The People’s Bank of China (PBOC) is piloting a digital version of the country’s currency (Chinese yuan) that will circulate alongside its paper and coin counterparts. It’s similar to other digital currencies like Bitcoin or Ethereum, except for one key difference: The digital yuan is issued by the Chinese government. Centralized vs....

thehustle.co thehustle.co

Notarize, an eNotary service, wants to be the Stripe of legal documents

Why would anyone ever want to digitize this? (Source: Getty Images) Notarizing paper mortgage documents sucks bad. Last week, Notarize, a company that digitzes the process, closed a $130m round of funding. CEO Pat Kinsel sat down with Protocol to talk about Notarize’s rise and evolution as the “last-mile solution for legal infrastructure.” A lofty claim, but Notarize sails are full. The company: Has raised $213m in total...

thehustle.co thehustle.co

Grave diggers and pot farmers: The org behind Amazon workers’ union push

This month, Amazon warehouse workers in Bessemer, Alabama, will cast mail-in ballots on whether or not to unionize. It’s the first vote to unionize Amazon workers since a failed attempt in 2014 — and the largest by far. Only 30 technical warehouse workers participated in the 2014 vote in Delaware, compared to Bessemer’s ~5.8k workers. So, which union are Bessemer workers joining? Meet the Retail, Wholesale and Department Store...

thehustle.co thehustle.co

Amazon is using virtual pets to entice warehouse workers

Peter Macdiarmid / Getty Images File this under, “I don’t want to live in this future.” According to a recent report from The Information, Amazon is expanding a program called FC Games to fulfillment centers in 20 states. The program gamifies the often monotonous work at Amazon fulfillment centers by turning packing boxes into something akin to an arcade game. Amazon first tested the program in 2017 at a single facility. Since...

thehustle.co thehustle.co

Unreleased FTC documents detail Google’s monopoly playbook

In the last year, a total of 3 antitrust lawsuits have been brought against the Big G. One — from the US Department of Justice and filed in October — claims Google used anti-competitive tactics to maintain its monopoly over mobile and desktop search. This isn’t Google’s first antitrust rodeo Far from it. Politico recently uncovered FTC documents from 2012 that detail a probe by antitrust investigators into Google’s search...

thehustle.co thehustle.co

Historic $69m NFT buyer is building a virtual museum… kinda

Last Thursday, the artist Beeple sold the NFT artwork Everydays at auction for $69m — or ~42k ETH, to be exact. Since then, everyone has asked: Who TF buys an NFT for $69m? A person with a pseudonym, of course — meet MetaKovan, a cryptocurrency investor and founder of Metapurse. Who is MetaKovan? Independent journalist Amy Castor connected MetaKovan with the serial crypto-prenuer Vignesh Sundaresan — a claim Sundaresan...

thehustle.co thehustle.co

Coming to a retail curbside near you: samples, and lots of ’em

Slinging back samples at the grocery isn’t just good customer service, it’s good business. In-store samples are a bread-and-butter growth tactic for new consumer packaged goods (CPG) brands. The pandemic has put samples on lockdown, forcing upstarts to go curbside. Recently, electrolyte-drink startup Cure Hydration partnered with Walmart to place its samples in curbside orders at 1k+ Walmart stores. Cure Hydration CEO Lauren...