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Slauson and Co. Launches Inaugural Fund for Untapped, Innovative Founders

Slauson & Co.​, a Los Angeles-based venture capital firm driven by intentional inclusion, today announced the launch of its early-stage venture capital fund. The firm has received backing from PayPal, which recently made a big commitment toward racial equity. Ashton Kutcher, will.i.am, True Capital Management and Alpaca VC are also early supporters, along with veteran technology investor Ron Conway who will advise Slauson’s founding partners.

Xoom Rolls Out Domestic Money Transfer Services in the U.S.

Xoom, PayPal’s international money transfer service, today rolled out the ability for customers to send money to recipients in the U.S. for the first time. Through strategic alliances with Walmart and Ria, Americans can now use Xoom to send money fast for cash pick-up typically in minutes at nearly 5,000 locations across the country*.

Committee Democrats Call on Facebook to Halt Cryptocurrency Plans

“Investors and consumers transacting in Libra may be exposed to serious privacy and national security concerns, cyber security risks, and trading risks. Those using Facebook’s digital wallet – storing potentially trillions of dollars without depository insurance– also may become unique targets for hackers. For example, during the first three quarters of 2018, hackers stole nearly $1 billion from cryptocurrency exchanges. The system could also provide an under-regulated platform for illicit activity and money laundering.”