Huobi Ordered to Close Operations in Malaysia
Securities Commission Malaysia (SCM) ordered the crypto exchange Huobi Global to stop operations in the country, stating the firm failed to register its business properly
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PhonePe Expands New Funding to $850 Million
General Atlantic has directed an additional investment of $100 million for the development of PhonePe.
Meta Looks to Launch AR Partnership With Magic Leap
The media reports that Meta is seeking to establish a partnership with Magic Leap, which specializes in developments related to augmented reality (AR).
G7 Countries Seek Common Vision for AI
The leaders of the G7 countries intend to hold a negotiation process, following which a common vision of artificial intelligence will be formed and the goals of its development will be outlined.
Lululemon Adds Textile Recycling to Its Circularity Initiatives
Lululemon has directed a minority investment in the Australian waste recycling company Samsara Eco.
Expensify Adds Chat Feature for Accountants
Expensify payments super app now has a chat feature for accountants to better collaborate with clients, gather information and complete tasks related to financial reporting and tax filing
Nigerian B2B E-Commerce Startup Sabi Raises $38 Million to Serve African Retailers
Sabi’s Series B funding round values the company at $300 million and powers the startup’s goal to serve the 50 million small- to medium-sized businesses (SMBs) in Africa
NY Fed Partners With Singapore on Multicurrency Cross-Border CBDC
Project Cedar is a joint initiative between the New York Federal Reserve and MAS exploring the technical viability of multilateral CBDC blockchain platforms to improve cross-border payments
Ripple Rolls Out CBDC Platform
Ripple has announced the introduction of a comprehensive CBDC platform.
Disney Scraps $867 Million Florida Plan
The Walt Disney Company has abandoned its intention to invest $867 million in the construction of a new corporate campus in the state of Florida.
TikTok Creators Sue Montana Over App Ban
A group of TikTok users filed a lawsuit to get the Montana state administration to cancel the blocking of this digital platform.
FTC Says Biometric Surveillance Threatens Civil Rights
The Federal Trade Commission (FTC) has stated that the increased use of biometric data entails risks related to privacy, security, and discrimination.
PartsTech Raises $35 Million to Expand B2B Automotive Parts Marketplace
PartsTech announced the attraction of investment funds for $35 million.
Musk’s Lawyer Sends Letter to Microsoft on Twitter Data Misuse
The chief external lawyer of Elon Musk last Thursday, May 18, sent to the chief executive officer of Microsoft Corp. Satya Nadella a letter, which contains claims that this tech giant could gain access to Twitter data for unauthorized purposes.
Westpac Bans Transfers to Binance
The Australian bank Westpac has blocked the possibility of financial operations for the transfer of funds to a division of Binance, which operates in Australia.
Coinbase Introduces Zero Trading Fee Subscription
Coinbase’s new subscription service, “Coinbase One,” provides a range of exclusive benefits and features besides zero-fee trading
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