In April, Chinese self-driving tech startup Pony.ai received a taxi license in China to become the first autonomous driving taxi company in the country. The startup said it was awarded a license to operate 100 driverless vehicles in the Guangzhou city […]
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 […]
In October 2021, Facebook founder and CEO Mark Zuckerberg announced with great fanfare that it was changing its corporate name to Meta to reflect its focus on the metaverse, a term the social giant described as “an embodied internet where you’re in the experience, […]
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 […]
Unstoppable Domains, a San Francisco-based tech startup and pioneer of blockchain domains, has become a new member of the highly coveted unicorn club after raising $65 million in Series A funding. The round, which now puts the company at a […]
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 […]
There’s no denying that the crypto market has continued to be faced with a lot of bearish pressure over the last half a year or so, as is made evident by the fact that the total capitalization of this space […]
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 […]
Imagine you spend more than a decade building your small startup company. Everything was going well and business was booming. Then after all your toils and perseverance, you woke up one morning and found out that one of the most […]
Last month, crypto exchange FTX bought the now defunct crypto lender BlockFi for $25 million, a 99% discount from its $4.8 billion valuation in July 2021. The acquisition took place a few weeks after BlockFi found itself in deep financial trouble following reports […]
Led by layer-2 scaling solution Polygon and layer-3 infrastructure provider Orbs, DeFi.org launched a special DeFi accelerator program in May 2022. After almost two months, the DeFi.org mentors have revealed the names of the winning projects chosen to spearhead the […]
Fan engagement has always been a massive part of sports. This is a large component of the home field advantage, and sports teams have been prioritizing it accordingly. If you’re a sports fan, you’ll want to engage with your favorite […]
Gone are the days of small business owners staying in the same physical office, thanks to mobile apps. Today, most small business owners are always on the go. They work in multiple locations, including on the road, throughout the day. […]
The world’s biggest game has rejected non-fungible tokens (NFTs). Last week, Minecraft developer Mojang dropped the ban hammer on NFTs saying that NFTs “do not align” with Minecraft values. The news of the ban quickly spread across the NFT space causing […]
Last week, Singapore-based cryptocurrency exchange Zipmex temporarily suspended withdrawals for thousands of its customers. The startup immediately resume withdrawals resumed on the same evening in Thailand and later on in other countries, except for transfers from one investment product. But […]
