News - page 89

Blockchain & Crypto

Curve Finance Exploit Brings Losses of $47M

Hackers were able to steal over $47 million from several stable pools at Curve Finance – an exchange liquidity pool on Ethereum

Blockchain & Crypto

SEC Considers All Crypto But One Securities: Coinbase CEO

Coinbase CEO Brian Armstrong revealed details about the SEC recommendation given before legal action against the crypto company

Science & Technology

Toshiba Says Its Takeover Offer to Start in August

Toshiba has announced that it expects a $15 billion buyout offer by a group led by private equity firm Japan Industrial Partners to begin in August.

Science & Technology

Applied Materials Expands in India

The American company Applied Materials, a manufacturer of equipment used in the production of microchips, announced its intention to expand the scale of its activities in India.

Fintech & Ecommerce

EToro Launches Fintech Portfolio, Gets Spanish License

Crypto trading and investing platform eToro has introduced a portfolio offering long-term exposure to leading fintech companies, while also achieving an important legal milestone

Science & Technology

Threads Rolls Out Updates

Threads, a virtual social interaction platform, has released its first major update.

Finance & Economics

Sequoia Capital Reportedly Downsizes Its Funds

The media reports that the Silicon Valley venture capital company Sequoia Capital has decided to downsize two of its large funds.

Fintech & Ecommerce

DoorDash Reportedly Tests AI Chatbot

The media reports that DoorDash is currently testing a chatbot based on artificial intelligence.

Finance & Economics

Bank of America CEO Says New Capital Requirements Must Ensure Level Playing Field

Brian Moynihan, CEO of Bank of America, expressed the opinion that the new capital requirements should form a space of equal conditions for all representatives of the US banking sector.

Science & Technology

Zuckerberg Says About Commitment to Metaverse

Meta CEO Mark Zuckerberg said that his company remains committed to implementing a strategy to create a metaverse.

Fintech & Ecommerce

TIFIN Launches Platform for Creating AI FinTechs

The wealth platform with integrated artificial intelligence TIFIN presented a new project, which is a kind of space for creating AI fintech firms.

Science & Technology

Survey Reveals 10% of Investors Use AI to Manage Investments

Over 10% of investors reportedly use Chat-GPT-like AI tools to assist them in portfolio management

Blockchain & Crypto

Palau Government Teams Ripple to Pilot Stablecoin

The Republic of Palau collaborates with Ripple to launch a government-backed stablecoin on XRP Ledger

Finance & Economics

Fed Raises Interest Rates

The US central bank has decided to raise interest rates to the highest level in the last 22 years.

Finance & Economics

China’s Central Bank Calls On Financial Sector to Help Fund Technology Research

The Central Bank of China has appealed to the local financial sector to provide material support, in this case, it means providing money, in conducting research in the area of technology and implementing mergers and acquisitions.

Science & Technology

Samsung Cuts in Memory Chip Production

Samsung Electronics continues to implement a strategy to reduce the production of memory chips, including NAND flash memory, which is used in smartphones and computers.