Non-fungible tokens (NFTs) have skyrocketed in popularity over the last two years. But with the ongoing global economic downturn and looming recession, the NFT space is currently going through some correction just like the stock market. While trading in the NFT […]
Private equity giant Thoma Bravo continues with its acquisition spree. Ping Identity announced today that Thoma Bravo is buying the Enterprise identity management company and would take it private, in an all-cash buyout deal valued at $2.4 billion. As part of the […]
With many issues facing our world today, small and big corporations alike are no longer just focusing on short-term profit but also on their impacts on society and the world at large. Today, the world is faced with a plethora […]
Every year, the U.S. government creates hundreds, if not thousands, of new regulations that impact small and big businesses alike. In the last two decades, the regulatory burden has grown substantially and cost over two million jobs. Companies dedicate a large […]
Crypto hackers strike again. In the latest heist to hit the crypto space, U.S.-based crypto exchange Nomad has been hit by a $190 million theft, according to a report by blockchain researchers. The revelation comes just a week after Nomad raised $22 […]
Last month, OpenSea said it was laying off 20% of its workforce to reduce costs amid a prolonged slump in crypto-asset markets. The world’s largest NFT marketplace also saw the sales of non-fungible tokens (NFTs) on the Ethereum blockchain network fell […]
Last week, we wrote about tech startups struggling to raise new funds due to the global economic downturns and other macro events such as inflation, the Russia-Ukraine war, and the rising interest rates. But there is a bigger problem facing […]
Global Payments, an Atlanta-based provider of payment technology and software solutions, announced it has reached an agreement to acquire a smaller rival EVO Payments in a deal valued at nearly $4 billion including debt. The announcement comes just a year after Global […]
The crypto bear market is here and no one knows how long it’s going to last. After many years of sugar-high growth fueled by money printing by the world’s central banks, the global crypto market is slowly cooling down. Overall, […]
On Monday, we wrote about Zipmex after the Singapore-based cryptocurrency exchange startup came under investigation by Thailand Securities and Exchange Commission (SEC). The investigation started after Zipmex temporarily suspended withdrawals for thousands of its customers but later resumed withdrawals on […]
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 […]