South Korean internet giant Naver Corp has agreed to acquire the popular online fashion marketplace Poshmark in a deal valued at $1.2 billion. Poshmark is a popular secondhand retailer and the largest fashion consumer-to-consumer platform in North America. Popular among Millennial and […]
Although the recent crypt market trend has been rather brutal, builders and industry leaders continue to look ahead. Bybit CEO Ben Zhou is confident the imminent market rebound will be spectacular. Bear Markets Are An Opportunity Most people only look […]
Cyberattacks are on the rise across all industries. And while hacking methods have evolved over the years, cybersecurity experts found that hackers continue to exploit browser vulnerabilities and leverage some of their most tried-and-true tactics— phishing and ransomware, among others. Browser exploits […]
The future of mobile gaming is set to undergo radical changes in the coming years. There are many potential opportunities ahead, and blockchain technology will likely play a crucial role. OviO, with its newly launched Google Play Store app, introduces […]
The mainstream adoption of non-fungible tokens (NFTs) continues to grow at an accelerated rate. To date, the NFT market has now surpassed $20 billion. In 2021 alone, NFT collectors and traders spent $22 billion on NFTs, up from $100 million in […]
For over two decades, most unicorn startups looking to make their debut on Wall Street chose to sell new shares through an initial public offering or IPO. With the availability of other options, IPOs are no longer the only viable way […]
Every day, we read news stories of Silicon Valley startups developing new innovative technologies and raising billions of dollars from high-profile investors and venture capital firms. However, while these startups may have the lion’s share of the headlines, the true […]
For some reason, we’re late to the latest development at bankrupt crypto lender Celsius Network. Apparently, Celsius co-founder and CEO Alex Mashinsky submitted his letter of resignation Tuesday, two months after the crypto company filed for Chapter 11 bankruptcy protection. Celsius said that Mashinsky’s […]
In early August, Japanese giant SoftBank reported its biggest loss ever, posted a $23.4 billion in quarterly loss as the global market sell-off spread to tech stocks and shredded valuations at its Vision Fund unit. Following a huge loss on his tech bets, SoftBank […]
In the last two decades, artificial intelligence (AI) has transformed the field of medicine and helped improve health outcomes and patient experiences. However, current AI tools for healthcare providers have failed to address current challenges and gain trust in the […]
Just three years ago, we wrote about Lilium Air Mobility after the German air taxi developer unveiled a plan to introduce unmanned flying taxis by the year 2025. Now, it appears the company may be ahead of schedule. Today, Lilium announced […]
On September 15, Adobe agreed to buy online design startup Figma for $20 billion. Fast forward two weeks ago later, investors and venture capital firms are now pouring millions into open-source challenger Penpot, a collaborative design and prototyping platform developed by […]
Italy’s mobile app payments startup Satispay becomes the newest to attain highly unicorn status after closing 320 million euros in a new round of investments, pushing the company’s valuation to over 1 billion euros ($955 million). The Series D round, which […]
For decades, television has been one of the most prominent and influential channels for advertisement. But in recent years, most performance-based advertisers avoid TV advertisements in favor of digital media and other quantifiable channels. The connected TV (CTV) penetration rate in the […]
Fast Company, a U.S.based business media publication, was forced to shut down its site on Tuesday evening after hackers used the site to send “obscene and racist” notifications to Apple users via the iPhone maker’s Apple News service. The company […]
Immersive entertainment has grown in popularity in recent years, thanks in part to virtual (VR) and augmented reality (AR) glasses. In 2019, the immersive entertainment industry was valued at $61.8 billion. Today, the market is estimated to be around $65 billion. […]
Sam Bankman Fried-owned crypto exchange FTX is set to buy Voyager Digital’s assets after winning a bankruptcy auction. The embattled Voyager Digital said announced that FTX has won its assets in a $1.42-billion bid at an auction. FTX’s bid was valued at nearly […]
Hot cloud storage startup Wasabi Technologies is the newest to attain the highly unicorn status after closing a new financing round. Today, Wasabi announced it has closed $250 million at over $1.1 billion valuation, making it the latest member of the highly […]
Algorithmic trading and market-making tech startup Auros has partnered with the Pyth Network to deliver real-time, high-frequency data on-chain. Built on Solana, Pyth is a next-generation oracle platform that delivers real-time on-chain market data. It is designed to provide trusted and […]
In 2021, PayPal bought the shopping and rewards startup Honey for $4 billion. Honey was created to help consumers save time and money. As of the time of the acquisition, Honey had over 10 million users worldwide to shop in over […]
