New York Bans CoinEx Crypto Exchange
Local regulator banned Hong Kong-based CoinEx from operating in New York and seized over $1.7 million worth of the crypto exchange’s funds
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Gaming Startup Wargraphs Sells for $54 Million
Wargraphs, a startup that consists of one person and is developing a popular companion app for League of Legends called Porofessor, was sold for $54 million.
TikTok to Invest Billions of Dollars in Southeast Asia
TikTok, an application for short videos, which is part of the ownership structure of the Chinese company ByteDance, on Thursday, June 15, announced its intention to invest billions of dollars in Southeast Asia over the next few years.
Twitter Faces $250 Million Lawsuit by Major Music Publishers
A coalition of music publishers, which includes Universal Music Corp., BMG, Warner Chapell, and Sony Music Publishing, is suing Twitter over claims against the social network over copyright violations.
Siemens to Invest €2 Billion to Boost High-Tech Plants
Siemens AG will direct investments in the amount of €2 billion to expand high-tech production.
ChrysCapital Invests $100 Million in Lenskart
ChrysCapital has directed investments in the amount of $100 million for the development of the Indian startup Lenskart, which specializes in the production of glasses.
Shopify and Volt Forge Open Banking Partnership
E-commerce company Shopify has announced the beginning of an open banking partnership with Volt.
McKinsey Reveals How Much Work Activity AI Will Replace
The answer to whether generative AI will take your place at work can be found in the new McKinsey study
Visa Launches Africa Fintech Accelerator
The new Visa initiative will support up to 40 Africa’s fintech start-ups and entrepreneurs each year, with training, connections, technology, and investment opportunities
OpenAI Intros New Generative Text Features
OpenAI upgraded models for creating text amid growing competition in the field of generative artificial intelligence.
AI Startup Mistral Raises $113 Million
The French startup Mistral AI has raised investment funds in the amount of $113 million following the results of the initial round of financing.
Synthesia Joins Unicorn Club Amid Flurry of AI Investments
The British company Synthesia, which specializes in developments in the field of artificial intelligence, announced that following the results of the Series C financing round, it managed to raise investment funds in the amount of $90 million.
Google and OpenAI Disagree on Government Oversight of AI
Google and OpenAI, which are currently the main players in the fast-growing field of generative artificial intelligence, hold different positions on what form and scale should have the system of regulating the process of development and dissemination of technology that has the potential to literally change the world.
Triple and Prizeout Team for Digital Gift Card Offering
The Prizeout company, which operates in the field of advertising, announced the beginning of a partnership with the Triple offer platform, which is linked to cards.
Thailand Begins Pilot Retail CBDC Project
The Central Bank of Thailand has launched a retail pilot project using the central bank’s digital currency (CBDC).
SEC and Binance Ordered to Reach Compromise
Following the order of U.S. District Judge Amy Berman Jackson, SEC and Binance have agreed to work on a compromise arrangement that will allow the exchange to avoid asset freezing
