January 22, 2025
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Crypto lender Nexo is under criminal investigation in Bulgaria for fraud and money laundering just a month after exiting the US market
Nickie Louise Posted On January 12, 2023


Just a little over a month after exiting the US market following cease-and-desist orders from state and federal regulators, crypto lender Nexo finds itself in hot water again, but this time from authorities in the Eastern Europe country of Bulgaria. According to multiple […]


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Top tech startup news for Wednesday, January 11, 2023: Alphabet’s Verily, Binance, FTX, Oxbotica, and Peppy
Nickie Louise Posted On January 11, 2023


Good evening! Below are some of the top tech startup news stories for today, Wednesday, January 11, 2023. Alphabet’s Verily to lay off 15% of its workforce Alphabet’s health sciences unit Verily is cutting 15% of its workforce as part of a restructuring […]


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Venom, Iceberg launch a $1 billion Web3 venture fund VVF to invest in early-stage startups ahead of the next crypto bull run
Nickie Louise Posted On January 11, 2023


The ongoing recession and economic slowdown have created opportunities for companies and investors looking to invest in promising startups with the potential to become industry leaders and unicorns of tomorrow. The impact is even more felt in the crypto industry where […]


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Binance plans a 15-30% hiring spree in 2023 even as rivals lay off workers
Daniel Levi Posted On January 11, 2023


While the daily headlines are dominated by tech companies and crypto firms laying off hundreds of thousands of workers, the world’s largest crypto exchange Binance is planning a massive hiring spree in 2023. Binance founder and CEO Changpeng Zhao (CZ) said […]


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LeanTaaS becomes the first HealthTech unicorn of 2023 following the acquisition of Hospital IQ
Daniel Levi Posted On January 10, 2023


With healthcare reform, an aging population, and an increasing number of new cancer diagnoses each year, the demand for healthcare services continues to rise. At the same time, pressure from payers to improve efficiency means that providers cannot increase capacity […]


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Coinbase to lay off around 1,000 employees as crypto contagion deepens
Nickie Louise Posted On January 10, 2023


Just a few days after Coinbase agreed to pay $100 million to settle with US regulators over anti-money-laundering law violations, the crypto exchange giant announced Tuesday that it will reduce its workforce by about 950 employees as part of the cost-cutting measures […]


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Microsoft in talks to invest $10 billion for 49% stake in ChatGPT owner, OpenAI
Nickie Louise Posted On January 10, 2023


Unless you’ve been living in a cave, you’ve definitely heard of ChatGPT, the best dialogue-based artificial intelligence chatbot ever released to the general public by OpenAI. However, Microsoft was one of the few companies that saw the potential in OpenAI before it became […]


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Flare (FLR) airdrops over 4 billion tokens to millions of recipients
Daniel Levi Posted On January 9, 2023


Flare, the Layer 1 oracle network, finally launches tonight with the distribution of over 4 billion tokens to millions of recipients. Flare announced it has successfully initiated its long-awaited token airdrop at 11:59 pm UTC on January 9th. According to the […]


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Microsoft acquires data center chip startup Fungible to power its Azure cloud platform using Fungible DPUs
Nickie Louise Posted On January 9, 2023


Microsoft today announced it has acquired Silicon Valley-based data center chip startup Fungible to bolster its Azure data center infrastructure using the Fungible data processing units (DPUs). However, Blocks and Files reported that the deal was valued at $190 million. Reports about […]


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Wolters Kluwer acquires US-based startup NurseTim to enhance portfolio of nursing education solutions
Nickie Louise Posted On January 9, 2023


Wolters Kluwer is on an acquisition spree. As we reported last week, The Netherlands-based company started the year with the acquisition of London-based tech startup Della AI to shore up its Legal & Regulatory software unit. Today, Wolters Kluwer Health announced it has […]


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Targeted ads are stalking you. Here’s how to avoid and stop targeted ads
Daniel Levi Posted On January 9, 2023


As you may recall, last week we wrote about Meta and Apple after the two tech giants were fined for breaking EU data rules with their targeted ads. Facebook’s Meta was fined over $400 million by the EU privacy regulator for […]


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Microsoft releases VALL-E, a new text-to-speech model that can produce speech in any voice with just 3 seconds of training
Daniel Levi Posted On January 9, 2023


Text-to-speech (TTS) technology has come a long way since its early days over five decades ago. The first English text-to-speech system was invented by Japanese researcher Noriko Umeda at the Electrotechnical Laboratory in Japan in 1968 when he generated a computer […]


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Stitch Fix to fire 20% of its employees as CEO steps down
Nickie Louise Posted On January 6, 2023


Tech layoffs continue unabated as a slew of big tech companies — ranging from Facebook’s Meta to Twitter— are letting employees go due to the ongoing recession and global economic slowdown. Stitch Fix is the latest to join the layoff phenomenon after the […]


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Top tech startup news for today, Thursday, January 5, 2023: Amazon, BMW, EVgo, Forj, Genesis, and Twitter
Daniel Levi Posted On January 5, 2023


Good evening! Below are some of the top tech startup news stories for Thursday, January 5, 2023. Twitter hacked, 235 million user email addresses leaked, researcher says Late last year, a hacker by the name ‘Ryushi’ demanded Twitter pay a […]


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Forj lands $15M in funding to help communities grow their membership; announces merger
Nickie Louise Posted On January 5, 2023


Building and growing an online community can be challenging and time-consuming. You not only have to understand the needs of your community members, but you also have to think about community engagement, management, and a slew of other things to grow […]


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Amazon to lay off more than 18,000 employees, a bigger number than initially planned
Nickie Louise Posted On January 5, 2023


Amazon said Wednesday that it will lay off more than 18,000 employees, a bigger number than the retail giant announced back in December when the New York Times reported the company was cutting 10,000 jobs. The news is a further indicator […]


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CatchProbe receives $1M in funding from Applied Value Group to eliminate misinformation in cyber intelligence
Daniel Levi Posted On January 5, 2023


We’re all well aware of misinformation and fake news. But who would have thought of misinformation in cyber intelligence? For decades, cyber-defense systems have been used to automatically ingest Cyber Threat Intelligence (CTI) that contains semi-structured data or text to populate […]


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Coinbase to pay $100 million to settle with US regulators over anti-money-laundering law violations
Daniel Levi Posted On January 4, 2023


Coinbase is making headlines again but not for the reasons the U.S.-based crypto exchange would like. Today, Coinbase Global has reached a $100 million settlement with New York’s Department of Financial Services (DFS), the exchange and the regulator said in statements […]


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Salesforce to fire 10% of its employees as tech layoffs continue
Daniel Levi Posted On January 4, 2023


“We hired too many people leading into this economic downturn we’re now facing.” Salesforce announced Wednesday it is laying off 10 percent of its over 70,000 employees. In a filing with the Securities and Exchange Commission (SEC), Salesforce said it plans to reduce […]


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Microsoft to invest over $10M in autonomous delivery tech startup Gatik, pushing its valuation to $700 million
Nickie Louise Posted On January 4, 2023


Tech giant Microsoft Corp is in advanced talks to invest in San Francisco, California-based startup Gatik, Reuters reported, citing two people familiar with the discussions. The investment is part of Microsoft’s cloud partnership with autonomous middle-mile logistics startup. According to the report, Microsoft […]


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