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At the 63rd Annual Grammy Awards, Nas won the Grammy for Best Rap Album. Many of his fans celebrated his historic win after being nominated for so many years...

Deutsche lieben diese Kniebandagen, die ihre Schmerzen lindern knnen Bloomberg Stripes Value Jumps to $95 Billion, Becomes Top U.S. Startup (Bloomberg) -- Stripe Inc.s valuation almost tripled in less than a year to $95 billion with its latest funding round, making it the most valuable U.S. startup.The online payments processing company drew $600 million in its latest fundraising, Stripe said in a statement.The valuation figure is at the top of the range Bloomberg News reported in November, when Stripe was in talks with investors that would boost its value to more than $70 billion, with the possibility of pushing it to as high as $100 billion. The valuation also overtook billionaire Elon Musks SpaceX and Instacart Inc., according to CBInsights data.Stripe was founded in 2010 by two Irish siblings: 32-year-old Patrick Collison and his younger brother John, 30. Their net worth surged to $11.4 billion each with the latest valuation, according to the Bloomberg Billionaires Index, up from $4.3 billion in the last funding round.The companys software, which competes with Square Inc. and Paypal Holdings Inc., is used by businesses to accept payments. Customers include Amazon.com Inc., Salesforce.com Inc., and Lyft Inc.Stripe will invest in its European operations, in particular its headquarters in Dublin, to support surging demand and expand its global payments and treasury network. It also has a dual headquarters in San Francisco, according to its website.Primary investors in Stripe also include the digital investment unit of Allianz Group, Axa SA, Baillie Gifford, Fidelity Management & Research Co., Sequoia Capital and Irelands National Treasury Management Agency, the company said Sunday.Stripe didnt really need the money in spite of the fundraising, Chief Financial Officer Dhivya Suryadevara said. I view this as a bit more opportunistic, she said in an interview on Sunday. The company is highly capital efficient.Stripe was valued at $36 billion as recently as April, when it raised $600 million from investors including Andreessen Horowitz and Sequoia Capital.It will just sit on the balance sheet, Mike Moritz, partner at Sequoia Capital and a Stripe board member, said in an interview, emphasizing that the money will just be a rainy day fund -- it pays to have a little more insurance.Stripe has benefited as some of its customers such as Instacart, which started out small, grew into significant companies. For Stripe, the growth has been rapid and perhaps more rapid than anticipated, Moritz said.Both Moritz and Suryadevara said Stripe will continue to seek out acquisitions. The company isnt focusing on an initial public offering right now, the CFO said, and picked investors who shared its long-term view. The next 10 years and beyond are even more exciting, she added.Mark Carney, former governor of both the Bank of England and Bank of Canada, joined its board last month. He will help guide Stripes efforts to enable more businesses to bring funding to emerging carbon removal technologies.Stripe, which sells software allowing businesses to accept online payments, has been a beneficiary of the e-commerce boom accelerated by the coronavirus pandemic. The company has recently branched out to offer checking accounts to businesses through e-commerce providers, working with banks including Citigroup Inc., Goldman Sachs Group Inc. and Barclays Plc.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2021 Bloomberg L.P. 5h ago India to propose cryptocurrency ban, penalising miners, traders - source India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class. The bill, one of the world's strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan. The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while building a framework for an official digital currency. 8h ago Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) -- President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, wont rely just on government debt as a funding source. While its been increasingly clear that tax hikes will be a component -- Treasury Secretary Janet Yellen has said at least part of the next bill will have to be paid for, and pointed to higher rates -- key advisers are now making preparations for a package Read more