In the late 70s and early 80s, Japanese and South Korean automakers succeeded in crackin the American car market. Now, an unknown Vietnamese carmaker wants to do the same with plans to sell its electric SUVs in the United States. VinFast is a […]
Global venture capital investments in technology startups fell significantly in Q2 investors pull back due to fear of looming recession and global economic downturn. Startup funding reached $120 billion, the lowest amount recorded for a single quarter since the beginning […]
Jack Ma, Chinese billionaire and founder of Alibaba, plans to give up control of financial technology giant Ant Group Co in an effort to move away from affiliate Alibaba Group Holding “after more than a year of extraordinary pressure from […]
In 2021, the total world population was estimated to be around 7.88 billion people. By 2050, the number is expected to hit 10 billion which will result in a 70% increase in food demand. With billions of people to feed, there are also […]
Crypto exchange FTX continues its acquisition spree this week after a new report that Sam Bankman-Fried’s company is in talks to buy South Korean cryptocurrency exchange Bithumb. If the negotiation goes through, FTX will gain more foothold in Asia and in especially in […]
Layer-1 blockchain Flare Network today announced its first decentralized exchange, Pangolin Exchange on the Avalanche network. With this launch, Pangolin will be able to see new cross-chain token pairs, offer in-dApp swap functionality to partner projects, and bootstrap liquidity for the network. Pangolin […]
Having just banked $11.5 million in funding, Naoris Protocol says it’s on a mission to scale up the adoption of a decentralized cybersecurity mesh of validator nodes to shore up network defenses, making them stronger as they grow to encompass […]
Electric vehicle (EV) subscription service startup Onto has raised $60 million in equity in a Series C funding round to expand into Europe, starting with Germany. The round was led by the financial services company Legal & General. Existing investors including Alfvén […]
While some startups are struggling to raise new funds amid the global economic downturn, London-based B2B manufacturing platform Geomiq announced today it has raised $8.5 million in Series A funding to open up access to world-leading supply chains for manufacturers of all […]
Virgin Money is jumping into the buy-now, pay-later (BNPL) fray with a new product offering. The UK-based challenger bank announced Tuesday it will enter the BNPL space as the market heats up. The announcement comes just a month after the iPhone giant Apple […]
Last month, crypto exchange FTX bought the now defunct crypto lender BlockFi for $25 million, a 99% discount from its $4.8 billion valuation in July 2021. The acquisition took place a few weeks after BlockFi found itself in deep financial trouble following reports […]
Led by layer-2 scaling solution Polygon and layer-3 infrastructure provider Orbs, DeFi.org launched a special DeFi accelerator program in May 2022. After almost two months, the DeFi.org mentors have revealed the names of the winning projects chosen to spearhead the […]
Gone are the days of small business owners staying in the same physical office, thanks to mobile apps. Today, most small business owners are always on the go. They work in multiple locations, including on the road, throughout the day. […]
Last week, Singapore-based cryptocurrency exchange Zipmex temporarily suspended withdrawals for thousands of its customers. The startup immediately resume withdrawals resumed on the same evening in Thailand and later on in other countries, except for transfers from one investment product. But […]
In 2013, three Swiss tech entrepreneurs decided to launch an international organization called Seedstars, a seed stage venture capital fund dedicated to global emerging and frontier markets. Fast forward about a decade later, Seedstars has invested in 90 emerging market venture […]
UK-based UK space startup OneWeb and rival French satellite company Eutelsat are in talks over a possible merger to create one joint communications entity. The combined company would create multi-orbit satellites that will potentially expand OneWeb’s constellation big enough to challenge the likes […]
Blockchain.com is the latest casualty of exposure to the now bankrupt crypto hedge fund Three Arrows Capital. The Google Ventures-backed crypto startup announced it is laying off 25% of its workforce, citing the economic downturn and harsh market conditions. The layoff […]
The growing concerns about climate change and carbon emissions have given rise to new categories of sustainable foods. It has also caused consumers to shift to climate-friendly, plant-based meats instead of the traditional ones made from animals. With the world’s population […]
Bitcoin-focused startup Trust Machines welcomes thought leader Dan Held among its ranks to enhance the development of applications for the Bitcoin ecosystem. Held is a renowned and respected name in the industry, primarily due to his ongoing educational support for […]
Two years ago, retail giant Amazon entered the pharmacy business with the launch of Amazon Pharmacy to enable customers to order prescriptions online. Now, the retail giant is making inroads into the $3 trillion healthcare industry. Today, Amazon said it will […]