PTC, a Boston-based company that provides Internet of things (IoT), augmented reality (AR), and collaboration software, announced Thursday it has agreed to buy cloud provider company ServiceMax for $1.46 billion in cash. The transaction will be funded in two stages, with $808 million paid […]
Digital Virgo said Thursday that it is going public through a merger with a blank-check company Goal Acquisitions Corp in a deal that values the French mobile payments platform at $513 million. Goal Acquisitions Corp is a blank-check company founded by high-profile […]
Back in September, crypto exchange giant FTX acquired bankrupt Voyager’s assets for $1.42 billion. But with FTX now bankrupt following the drama of last week, Binance is preparing to relaunch a bid to buy the embattled Voyager Digital, CoinDesk reported, citing sources familiar […]
The collapse of the now-bankrupt crypto exchange continues to roil the industry. In less than 24 hours, four crypto companies including BlockFi, Gemini, SALT, and Genesis have announced new restrictions on withdrawals for their customers. Winklevoss brothers’ Gemini crypto exchange […]
At a time when some companies still focus on profit, major corporations including Google, Microsoft, and Coca-Cola have realized they must act in a manner that benefits not just their bottom line and also society at large. Some of these corporations […]
Surf Air Mobility is a Hawthorne-based electric aviation startup that is looking to transform travel by building a regional air travel ecosystem that sustainably connects the world’s communities via its zero-emission flying. The startup is aiming to reinvent flying through the power […]
The contagion of FTX collapse is slowly spreading across the crypto industry. Last week, crypto lender BlockFi suspended withdrawals as fear of insolvency and liquidity crunch spreads across crypto markets. Then yesterday, crypto lending platform SALT announced it was pausing all withdrawals […]
The economic recession that started in the United States early this year is beginning to spread to the Asian market. Ecommerce giant Shopee, also known as the Amazon of Asia, becomes the latest tech company to announce a new round of layoffs. […]
Opn, a Japanese unicorn startup and digital payments processor, has acquired Alpharetta, Georgia-based tech startup MerchantE from U.S. investment firm Integrum Holdings to make inroads into the U.S. online payment market. The total amount of the transaction was not disclosed, but a […]
In this time of social and global division, London, England-based mobile gaming startup Landmark Games believes adventures can bring us closer together and great social experiences through its social gameplay playable only on smartphones. Landmark was launched just a year ago by the […]
On July 7, 2021, Jeff Bezos stepped down as Amazon’s CEO, the company he founded in a home garage in 1994. Following the announcement, Bezos said he planned to spend the rest of his time on passion projects like his space company […]
Following the collapse of FTX last week, companies have begun to cut their ties with the now-bankrupt crypto exchange. The latest is Visa, the world’s largest payments processor. On Sunday, Visa announced it was severing its global credit card agreements with collapsed […]
In the wake of the FTX scandal and fallout, Crypto.com CEO Kris Marszalek took to Twitter on Friday to reassure jittery investors that the company is financially sound and not facing the same liquidity crisis that led to the fall of […]
Early this month, Elon Musk introduced the $8/month blue checkmark subscription verification service. The service allows anyone who paid for a “blue check” to be verified. Calling it “Power to the people,” Musk said at the time of launch that “Twitter’s current lords […]
FTX U.S., the American affiliate of cryptocurrency exchange FTX Group, has frozen withdrawals for millions of its customers in the United States. The announcement comes just a few hours after FTX Group filed for bankruptcy and founder and CEO Sam […]
Just ten days after Elon Musk announced the $8 per month blue checkmark, Twitter has now suspended the subscription verification service, citing impersonation abuse. The social giant also restored the ‘official’ badge to some accounts. The move follows a surge […]
Sam Bankman-Fried (also known as SBF) has resigned as the CEO of the crypto exchange FTX Group. John J. Ray III has been appointed the new CEO effective immediately. The sudden announcement comes just a day after SBF warned FTX investors of […]
After a daily barrage of news in the past five days over the collapse of the crypto market, we finally have some good news to share. Today, Thomson Reuters announced Friday it has acquired SurePrep, a 1040 tax automation software provider […]
While all eyes are on the collapse of FTX, another storm is brewing at BlockFi, a distressed crypto exchange that FTX bailed out in June with a $250 million revolving credit. Now, BlockFi is again fighting for its survival and […]
As tech startups in the United States and Europe struggle to raise new funding, fintech startups in the Middle East and North Africa (MENA) region continue to thrive as they empower and democratize finance for customers and underserved SMEs. In a […]
