News - page 222

Blockchain & Crypto

Singapore Tells Crypto Platforms to Keep Client Money in Trust

In Singapore, local authorities intend to require cryptocurrency exchanges to implement the practice of storing client assets in trust management as part of their activities.

Fintech & Ecommerce

Levit Raises $46 Million

Seoul-based e-commerce company Levit, the operator of the Alwayz shopping app, announced the raising of investment funds for $46 million following the results of the Series B financing round.

Finance & Economics

Authentic Brands Group Gains $500 Million Investment to Support Expansion

Authentic Brands Group received an initial investment of $500 million from the joint stock company General Atlantic.

Fintech & Ecommerce

Citigroup Reportedly Reviews Deal With Metaco to Develop Digital Asset Custody

The media reported that the American financial conglomerate Citigroup is currently reviewing the concept of its partnership with the Swiss custodian of digital assets Metaco.

Science & Technology

Netherlands to Restrict Chip Equipment Exports

The Netherlands reported on the decision to restrict the export of certain equipment that is necessary for the production of semiconductors, to China.

Science & Technology

AI Video Startup Runway Raises $141 Million

The company Runway AI, which produces software for artificial intelligence, with which you can create short videos based on a minimal verbal request, announced the raising of investment funds in the amount of $141 million.

Science & Technology

Inflection AI Raises $1.3 Billion

The startup Inflection AI, which is currently working on creating a chatbot called Pi, reported that it managed to raise investment funds in the amount of $1.3 billion.

Fintech & Ecommerce

TikTok Dangles Zero Seller Fees Ahead of US Marketplace Debut

The TikTok video application, which is part of the ByteDance ownership structure, has begun positioning itself as a free trading platform within the framework of seminars and meetings with Chinese manufacturers and exporters.

Blockchain & Crypto

Bidenomics: Blame Crypto for it All

As part of his presidential tenure and subsequent campaign for re-election, US President Joe Biden is committed to targeting the cryptocurrency industry and its traders. In yet another speech, Biden stated his determination to alter the existing tax system by eliminating ‘loopholes’ that “help wealthy crypto traders”. Aforementioned loopholes, however, don’t seem to be real. […]

Finance & Economics

Apple Eyes Historic $3 Trillion Valuation Amid Big Tech Surge

Apple is approaching a historically important moment in its existence, which will be a record indicator of the company’s market value.

Fintech & Ecommerce

Mastercard Empowers Consumers to Unsubscribe From Unwanted Services

A new joint solution by Mastercard and Subaio offers a simple, secure way to identify unwanted recurring payments and unsubscribe from them via banks’ trusted apps and online servicing

Society & Lifestyle

US Patent and Trademark Office Notifies Filers of Years-Long Data Leak

In the United States, a federal government agency that issues patents and trademarks has confirmed information that this organization inadvertently disclosed the personal addresses of about 61 thousand applicants.

Finance & Economics

Orange to Exit Banking Business

The French telecommunications company Orange has intentions to exit the retail banking business in Spain and France.

Science & Technology

OpenAI Faces Class-Action Lawsuit: Reason Unveiled

The lawsuit against OpenAI, the maker of the popular chatbot ChatGPT, was filed in the United States District Court for the Northern District of California by Clarkson Law Firm on June 28

Science & Technology

Sega COO Quashes Talk of Microsoft Deal in Favor of Independence

Sega Corporation has not confirmed the information about the negotiations regarding the entry into the ownership structure of Microsoft.

Science & Technology

AI Startup Typeface Raises $100 Million

Typeface, a startup that works in the field of artificial intelligence and specializes in content creation services for businesses, reported raising $100 million in funding.