Crypto Startup Basis Raises $133mn from Top Investors

Cryptocurrency startup Basis, led by former Google employee Nader Al-Naji, raised $133mn from GV, Bain Capital Ventures, Lightspeed Venture Partners, Andreessen Horowitz and Sky9 Capital; Basis is building a digital currency that is more stable than Bitcoin which has seen wild price swings; the money will be used to develop several use cases for the technology but they declined to say much more. Source.