Delivery Hero, a Germany-based food delivery firm, has lost $6 billion of its market value after disappointing 2022 guidance. The former unicorn startup saw its share price plunge Thursday, wiping out nearly $6 billion from its market value after the delivery […]
The inflation rate in the US rose to 7.5% in 2021. The rate is more than expected and the highest since 1982, according to today’s report from CNBC. The inflation news is not getting any better. The core inflation rose at […]
ShareChat‘s parent company has acquired local rival MX’s short-video platform TakTak in a cash-and-stock deal worth about $700 million, according to a report from Reuters, citing two sources familiar with the matter. The announcement comes just two months after the startup […]
Binance, the world’s leading cryptocurrency exchange platform, is making a $200 million investment in Forbes, the media company said on Thursday. The investment comes at a time when the media outlet is preparing to go public via a special purpose acquisition company […]
The impacts of climate change are global in scope, unprecedented in scale, and can no longer be denied. We can see the impacts of climate change all around. Some of the major impacts include increased heat, drought, insect outbreaks, increased […]
Timechain, a Canada-based regulated financial app offering a decentralized exchange (DEX) aggregator, has announced the launch of its genesis mint of NFTs, Crypto Cups, on Thursday. The line of NFTs aims to boost the utility value on Timechain’s DEX to […]
The ongoing pandemic has wreaked havoc all around the world. Beyond the tragic deaths of millions, the pandemic has also exposed the financial burden many families faced. Many can no longer afford to pay for basic necesitities, let alone spend […]
Decentralized finance (or DeFi) is slowly gaining momentum with prospects to replace traditional banks and other financial institutions. DeFi provides a new way for users to lend, borrow and save while bypassing traditional gatekeepers of finance such as banks and government […]
The number of electric vehicles (EV) on U.S. roads is projected to reach 18.7 million in 2030. As electric vehicles gain mainstream adoption, more charging stations are going to be needed to power millions of new electric cars on the roads. In December […]
Venus, a decentralized finance (DeFi) algorithmic money market and synthetic stablecoin protocol exclusively on Binance Smart Chain, is launching a new pilot initiative to help foster innovation within its ecosystem, supporting developments in DeFi that will pave the way for more institutional […]
Late last month, we wrote about friesDAO after the crypto community startup announced it was acquiring fast-food restaurants to provide jobs and food for ex-crypto traders. friesDAO is the first decentralized autonomous organization aiming to democratize access to the fast-food industry. Today, friesDAO announced that Kory […]
The ongoing pandemic has taken a toll on everyone and made it increasingly difficult for millions of Americans to maintain their financial health. Over 40 million Americans have good jobs but have subprime or no credit scores. These Americans can […]
There’s no denying that the crypto exchange industry is a hotly contested space. With giants such as Binance, Coinbase, and Kraken dominating the sector for the best part of a decade, it’s been difficult for any smaller companies to gain […]
Geomagnetic storm has wiped out 40 of the 49 SpaceX Starlink satellites launched from the Falcon 9 rocket into orbit last week Thursday. In an announcement today, SpaceX said 80% of the satellites it launched last week are expected to burn up […]
Starburst, a spinoff from Facebook’s open-source project Presto, has raised a $250 million Series D funding round led by venture capital firm Alkeon Capital, with participation from Andreessen Horowitz and Coatue Management. Altimeter Capital, B Capital Group, Index Ventures, and Salesforce Ventures also […]
Assange DAO is a new group of more than 10,000 Assange supporters established to help secure freedom for WikiLeaks founder Julian Assange. Last week, the group started its fundraising efforts to help with his legal fees and campaigns to increase public awareness of […]
OceanSound Partners is a New York-based growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end markets. Today, the firm announced it has closed $780 for its inaugural fund, OceanSound Partners Fund, LP. […]
With daily headlines of data breaches and new waves of security challenges, organizations and institutions are under constant assault from hackers. A recent Gartner survey of over 2,000 CIOs also reveals the need for enterprises to embrace business composability in 2022. However, […]
Hayvn, an Abu Dhabi-based crypto trading startup, is in talks with institutional investors to raise $30 million in a Series B round that will value the company at $400 million, Reuters reported Wednesday. Hayvn said it aims to receive investment from Gulf […]
As we reported earlier today, the U.S. Department of Justice (DOJ) said it has arrested a New York couple for conspiring to launder stolen bitcoin from the 2016 hack of virtual currency exchange Bitfinex. The DOJ said they were able to seize […]
