On Friday, Elon Musk said he might build an “alternative phone” if Twitter is removed from Google Play and Apple App Store. Just three days later, Musk announced on Twitter that “Apple has threatened to withhold Twitter from its App Store, […]
BlockFi becomes the latest casualty of the FTX fallout as the embattled crypto lending startup finally filed for bankruptcy. Today, BlockFi filed Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the collapse […]
While reeling from the fallout of its metaverse disaster and falling stock price, Facebook’s parent company suffer another setback today after a report from the Wall Street Journal that the social giant was fined $277 million for leaking data of half […]
One in ten Americans suffers from a rare disease, according to the National Institutes of Health (NIH). The agency found that there are approximately 7,000 rare diseases affecting between 25 and 30 million Americans. That’s why San Diego-based genome writing tech startup Replay is on […]
While dozens of European companies are leaving Europe for the United States due to high energy prices, European tech startups may breathe a sigh of relief after U.S. buyout firm Carlyle Group announced today it is investing billions of dollars […]
While the crypto industry is still reeling from the sudden implosion of the crypto exchange FTX, investors are increasingly worried that FTX contagion will spread to other exchanges. Since the collapse of FTX two weeks ago, crypto lenders like Genesis […]
Electric vehicle (EV) adoption has increased in recent years, thanks in part to the popularity of Elon Musk’s Tesla Motors. By 2030, the global number of electric vehicles on the road is projected to reach 125 million as governments around the […]
In 2021, the average age of vehicles in operation in the US was 12.1 years old, according to data from the US Department of Transportation. More Americans are keeping their automobiles longer as millions struggle to make ends meet due to the […]
In October, the US Department of Justice (DOJ) charged Ukrainian national Mark Sokolovsky with identity theft and “conspiracy to violate the Computer Fraud and Abuse Act, money laundering, wire fraud, and aggravated identity theft.” Just a month later, the DOJ has […]
Just when you think the story of the FTX scandal couldn’t get any worse, unfortunately, it gets even worse. As we reported earlier, the failed crypto exchange FTX used customer money to buy homes for some of its high-ranking employees. Now, […]
As you may recall, we reported last week that the crypto lender Genesis might be the next domino to fall following the implosion of the crypto exchange FTX. On November 16, Genesis suspended withdrawals for its institutional customers. Now, Genesis is warning […]
Is Grayscale a ticking timebomb? That’s the question investors in the world’s largest bitcoin fund may have to ask themselves after the firm announced today that it won’t share its proof of reserves with its customers, citing security concerns. In […]
So it begins! Last Tuesday, New York Federal Reserve and global banking giants Citigroup, Wells Fargo, and Mastercard started a Digital Dollar pilot project. It was part of the U.S. government’s efforts to launch the U.S. central bank digital currency (CBDC) and maintain the […]
Even as tech startups continue to disrupt the insurance industry with AI and machine learning, the Southeast Asian region still operates a traditional insurance industry plagued with legacy systems, slow-to-change insurers, and a lack of insurance technology providers. That was […]
Tech layoffs are spreading across the globe and no company looks completely immune from the ongoing global economic downturn. Tech companies, large and small, have laid off more than 100, 000 people so far this year. Last week, retail giant […]
Anyone who has heard of Warren Buffett would tell you that he’s one of the crypto skeptics who believe cryptocurrency is a Ponzi scheme with no intrinsic value. In 2018, Buffet called bitcoin “rat poison squared.” In April, the legendary billionaire investor said in an interview that […]
Mohit Gupta, the co-founder of an Indian food delivery startup Zomato has resigned after about five years at the restaurant aggregator and food ordering and delivery platform, the company said on Friday. The announcement comes three months after Nitin Savara stepped down […]
On 12 November, the Bahamas Securities Commission (SCB) issued an order for FTX Digital Markets (FDM) to transfer the contents of its crypto wallets to a government-controlled wallet. A little over a week later, the Bahamas regulator announced it now has […]
Early this year, we covered Cider Security after the Israeli cybersecurity startup emerged from stealth with $32 million in funding to bring the world’s first AppSec operating system to market and revolutionize continuous security for continuous integration and continuous deployment (CI/CD). Fast […]
Arkon Energy, a Sydney-based startup and provider of 100% renewable data center infrastructure, has raised $28 million in funding led by quantitative investment manager and digital assets market maker, Blue Sky Capital. In conjunction with the funding, the startup also […]
