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 […]
On November 11, the embattled crypto exchange FTX filed for Chapter 11 bankruptcy protection. Immediately after the news, the disgraced FTX founder Sam Bankman-Fried (also known as SBF) resigned as the CEO of the crypto exchange FTX Group and John […]
With the collapse of FTX’s sister company Alameda Research, a vacuum has been created for other players to make some rather bullish actions. Now one of the leading blockchain industry market makers, DWF Labs has thrown its support for the TON ecosystem. Through […]
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 […]
While maintaining the façade and appearance of a multi-billionaire, it turns out the disgraced FTX founder Sam Bankman-Fried was bankrupt all along. New court filings revealed that Bankman Fried was using FTX hedge fund Alameda Research as a piggy bank to fund […]
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 […]
“FTX is fine. Assets are fine,” Sam Bankman Fried said in a tweet on November 7 just four days before crypto exchange FTX filed for Chapter 11 bankruptcy. Virtually no one saw it coming except for a few people in […]
In 2020, we wrote about the US Federal Reserve after the central bank announced a plan to create its own Digital Dollar Wallet in 2021. It was part of the U.S. government’s efforts to launch the U.S. central bank digital currency (CBDC) and maintain the […]
Less than a week after BlockFi suspended withdrawals for thousands of its customers, the beleaguered crypto lender is now preparing for potential bankruptcy following the collapse of the crypto exchange FTX, the Wall Street Journal reported Tuesday. BlockFi is the […]
Bishop Fox, a Phoenix-based startup and an emerging offensive security player, has closed its Series B round totaling $129 million led by WestCap. The Series B extension consists of $46 million from lead investor WestCap with additional participation from NextEquity and Rockpool Capital. The latest […]
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 […]
Disgraced FTX founder and former CEO Sam Bankman-Fried has reportedly listed his $40 million penthouse for sale in the Bahamas. The revelation comes less than a week after Bankman-Fried resigned from the company as the CEO. The 12,000 square-foot penthouse is […]
Amazon is planning to lay off approx. 10,000 employees in corporate and technology jobs starting as soon as this week, the New York Times reported, citing people with knowledge of the matter said. The layoff would be the largest job […]
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 […]
