Understanding Tokenization Risks Through DeFi Borrower Behavior: Insights from a BIS Study
The Bank for International Settlements (BIS) has recently shed light on the decentralized finance (DeFi) sector, focusing on the behavior of borrowers and market dynamics. This scrutiny comes at a…
Lucy Guo’s Passes Attracts Big Tech with $40 Million Funding Round
At just 29 years old, Lucy Guo has already made a name for herself as a self-made millionaire and a co-founder of the unicorn company Scale AI, now valued at…
Onda, a traveltech firm, aims for a $15m fundraise to reboot its expansion in SEA and MENA
In the wake of the pandemic, travel technology firm Onda is setting its sights on a $15 million fundraising effort as it renews its expansion plans across Southeast Asia (SEA)…
Nigeria requests user data from Binance concerning its top 100 local users
In a significant move that underscores the growing scrutiny of cryptocurrency exchanges worldwide, the Nigerian government is reportedly tightening its oversight on Binance, one of the globe’s leading crypto exchanges.…
Waymo’s Robotaxi Service Arrives in Austin
Waymo, the autonomous vehicle division of Alphabet, is making significant strides in the evolution of urban transportation with the announcement of its commercial robotaxi service’s impending arrival in Austin by…
Malaysia’s ‘Waktu Solat’ Announces Revolutionary Update for Ramadan
Kuala Lumpur, Malaysia – Waktu Solat Malaysia (WSM), the leading Islamic prayer application in Malaysia, has recently unveiled its updated version, introducing significant improvements and new features to enhance the…
Ethereum’s Ascendance and the Dawn of DeFi’s New Era
The unveiling of Blackrock‘s Bitcoin ETF sparked a remarkable surge in Bitcoin’s market capitalization, surpassing the monumental milestone of one trillion dollars. To contextualize this achievement, one need only compare…
UK Invests $44M to Join EU’s $1.4B Semiconductor Research Fund
The United Kingdom is investing $44 million to be part of the European Union’s $1.4 billion project focused on semiconductor research. This move is to strengthen its own research in…
Samsung Earns AMD’s Approval for MI300 A.I. Processors
In a significant development for the global semiconductor industry, Samsung Electronics is poised to strengthen its position in the competitive memory semiconductor market. Recent analyses by research firm TrendForce have…
Binance Announces Delisting of Multiple TrueUSD Trading Pairs
In a strategic move aimed at streamlining its trading offerings and safeguarding its user base, Binance, a leading cryptocurrency exchange, has declared its intention to remove a selection of trading…
IBM to Downsize Marketing and Communications Team Amid AI Focus
IBM has commenced a significant reduction in its workforce, particularly within its marketing and communications division. This move, disclosed during a brief, approximately seven-minute meeting led by Jonathan Adashek, IBM’s…
Tierra Biosciences secures $11 million for pioneering AI-driven protein development
San Leandro, California – In a groundbreaking stride towards revolutionizing the development of pharmaceuticals, industrial products, and agricultural solutions, Tierra Biosciences, a San Leandro-based company, unveils its cutting-edge platform for…
Mike Novogratz Asserts Bitcoin’s Surge Above $50,000 is Here to Stay, Credits Adoption Wave
In the ever-evolving landscape of cryptocurrency, Bitcoin’s recent rally has caught the attention of enthusiasts and investors alike. Mike Novogratz, a renowned crypto billionaire, shares his insights, attributing the robust…
How DBOS Reimagines the Role of Databases in Software Stacks
MIT professor and database technology pioneer Mike Stonebraker has launched an innovative startup named DBOS, signaling a paradigm shift in the architecture of software stacks. With a storied career that…
Singaporean fintech company DCS proudly obtains $75 million in funding through asset-backed notes
Singapore’s fintech pioneer, DCS Card Centre, has recently made waves in the financial sector by announcing the successful acquisition of S$100 million (US$75 million) in asset-backed notes, marking a significant…
Dogwifhat Secures Prime Spot in Las Vegas as Community Hits Fundraising Goal
The fervor surrounding the red-hot meme coin, Dogwifhat (WIF), has reached new heights as community members successfully raised funds to showcase the token’s mascot – a Shiba Inu sporting a…
Kolet Partners with Travel Giants to Offer Seamless eSIM Connectivity
Kolet, a new French startup, has emerged with a mission to demystify the complexities of staying connected while traveling. Founded by four veterans of the French tech ecosystem, Kolet is…
Silicon Box of Singapore to Construct $3.5 Billion AI Chip Plant in Italy
In a groundbreaking announcement that marks a significant milestone for both Italy’s tech sector and the global semiconductor industry, Singapore-based Silicon Box has unveiled plans to invest 3.2 billion euros…
Coinbase Shares Experience Slight Decline in After-Hours Trading Following Announcement of $1 Billion Convertible Note Offering
In a strategic move to bolster its financial position, Coinbase, a leading cryptocurrency exchange, has unveiled plans to secure $1 billion through the issuance of senior convertible notes. This financial…
Phantom Auto’s Seven-Year Ride Ends After Funding Falls Through
Phantom Auto, a promising startup in the remote driving and autonomous vehicle technology sector, has announced it is shutting down operations. Launched seven years ago, the company was unable to…