Industry News Update – Week of 5/21/2018:

Last week, Circle’s valuation increased to $3 billion after the company raised $110 million in a funding round led by Bitmain Technologies. Circle and Bitmain have partnered to create USD Coins, a digital coin backed by the US dollar, to provide more stability in the cryptocurrency sector. 

Houzz hired Richard Wong as its first CFO. Wong previously worked as the Vice President of Finance at Linkedin, Senior Director of Operations Finance at Yahoo! Inc, Vice President of Technology Investment Banking at Bank of America, Senior Manager of Corporate Development at Lucent Technologies and Investment Banking Analyst at JPMorgan.

The news articles and links presented below are available for your reference.

CIRCLE

"Circle Says Bitmain Leads $110 Million Investment Round"

HOUZZ

“Houzz Hires Richard Wong as First Chief Financial Officer"