While the crypto industry may be through a “historic moment” of decline and “crypto winter,” one sector that continues to experience exponential growth in mainstream adoption is decentralized finance or DeFi. Between 2020 and 2022, the DeFi space grew by a […]
While the disgraced FTX founder and former CEO Sam Bankman-Fried may likely be spending his life in prison, the question everyone was asking is where is Caroline Ellison? As we reported early this month, the former CEO of FTX’s sister company […]
Every business today is dependent on software and infrastructure to get their business off the ground and cannot launch, build or scale without the right tech stack. With global software spend expected to grow to $879 billion in 2023, these […]
Core Scientific, one of the largest publicly traded bitcoin mining companies in the U.S., is the latest casualty of the ongoing crypto winter. The company is filing for Chapter 11 bankruptcy protection today in Texas early, according to a report from CNBC, […]
Hackers strike again. This time, their latest victim is The Guardian, a British daily newspaper founded about two centuries ago. Today, the Guardian confirmed its systems have been hit by a “serious IT incident,” which it believes is likely a ransomware […]
The concept of the flying car is nothing new. For decades, Hollywood and science fiction writers have been toying with the idea of adding wings to wheeled motor vehicles decades. As appealing as it may sound, attempts to develop economically-viable flying […]
Early this month, the EU privacy watchdog ruled that Facebook’s Meta cannot run advertising based on personal data and will need users’ consent to do so. The ruling was a big blow for the social giant which already lost over 70 percent […]
In a race to zero emissions, governments and investors have poured billions of dollars into clean energy initiatives to combat climate change and its impact on the environment. While the US government has invested in multiple clean energy projects, tech […]
Disgraced FTX founder Sam Bankman-Fried (SBF) was sent back to a Bahamas prison on Monday after a reported plan for him to waive his extradition to the United States stalled. In a chaotic courtroom scene on Monday, Bankman-Fried’s lawyer, Jerone Roberts, told […]
Binance.US has agreed to buy the assets of bankrupt crypto exchange Voyager Digital for $1.02 billion. Voyager said on Monday that the $1 billion bid represents the fair market value of Voyager’s cryptocurrency portfolio. Binance’s acquisition of Voyager gives renewed hope […]
Yuga Labs, the creator of Bored Ape Yacht Club, has appointed “Call of Duty” maker Activision Blizzard chief operating officer Daniel Alegre as its new CEO. The metaverse startup announced Monday that Alegre will join the company as its chief executive. He […]
In March 2020, the United States had approximately 78,500 charging outlets and almost 25,000 charging stations for plug-in electric vehicles (EVs). A considerable number of these charging stations are based in California, with 6,835 stations and 28,545 power outlets, according to data from research […]
Proof-of-stake blockchain startup Tezos has developed quite a reputation as a self-upgradeable and energy-efficient blockchain platform that evolves as it scales as the adoption increases. In September, Tezos 11th upgrade called Kathmandu went live on the Tezos PoS network at block 2,736,129, following […]
Twitter users have voted for Elon Musk to step down from the helm of affairs of the company. Over the weekend, Musk asked users if he should step down as the head of the company. The result came in 24 hours […]
What a difference two years make! For years, big tech companies including Google, Facebook’s Meta, and Twitter have been accused of using their monopoly power to silence and punish dissents. But in the case of Twitter, that all changed in […]
Ahmad Abouammo, a former Twitter employee, was found guilty of spying on users on behalf of the Saudi royal family. He was sentenced to three and a half years in federal prison for acting as a foreign agent without notice. […]
TuSimple announced today it has appointed interim financial chief Eric Tapia on a permanent basis and reconstituted its audit committee. The announcement comes weeks after the autonomous-driving trucking company fired its co-founder and CEO Xiaodi Hou after an internal probe revealed links to […]
About half of the people in the world are not connected to the internet. Nearly 3.8 billion people don’t have access to the internet, and many more lack what we would consider meaningful access. The unconnected are missing out but […]
Tech layoffs are rising around the world as companies cut costs to cope with uncertain global economic challenges. Mass layoffs, which started early this year in the United States and later in Europe, have now spread to Asia. Early this month, Indonesia’s […]
Africa has seen an explosion in digital payments over the past five years, thanks to the penetration of smartphone devices on the continent. Research firm Statista estimates that the total value of e-commerce in Africa generated $16.5 billion in 2017 […]