Payment infrastructure company Speed1 completes $8 million funding round, led by Tether
According to Odaily, payment infrastructure company Speed1 has announced the completion of an $8 million funding round, led by Tether with participation from Ego Death Capital. The company is dedicated to building instant global settlement channels using the Bitcoin Lightning Network and stablecoins.
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On the 12th, the board of directors announced that Jensen Huang has resigned from his positions as President, CEO, and board member, effective immediately. Current Executive Vice President and CFO Colette Kress has agreed to serve as interim CEO. The board has initiated a formal search for a new CEO and will consider candidates both inside and outside the company. At the same time, the board has appointed Harvey C. Jones as its first-ever Chairman.

