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Nickie Louise @ Startups News · 12/14/2022 08:35 EDT

Binance CEO says outflows have stabilized after investors withdrew $1.9 billion in 24 hours; warns of ‘bumpy’ recovery

Just a day after Binance ‘temporarily paused’ withdrawals following the outflow of $1.9 billion from the world’s largest crypto exchange, Binance CEO Changpeng Zhao (CZ) said a degree of calm has returned to the exchange. “Things seem to have stabilized,” CZ tweeted, ... Read more â€ș

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Startups News
Nickie Louise @ Startups News 3 place · 12/13/2022 12:36 EDT

Foundamental closes $85 million fund to invest in early-stage construction tech startups

Early this year, we wrote about two tech startups that raised over $180 million in combined funding to scale their operations. The first is TĂŒl, a Colombian tech startup that sells construction materials to small-sized retailers. The other is Estonia-based Werk raises ... Read more â€ș

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Startups News
Nickie Louise @ Startups News · 12/13/2022 11:30 EDT

Mabel raises $1.5 million in Seed funding for India’s first jewelry shopping platform

For centuries, gold has been a status symbol in India even before the arrival of the British. Indian kings and queens were adorned in gold and other jewelry. Spanning a legacy of at least 5,000 years, jewelry is a striking expression ... Read more â€ș

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Startups News
Daniel Levi @ Startups News · 12/13/2022 09:59 EDT

eSignus joins forces with Jelurida to integrate Ardor, Ignis, and Nxt in HASHWallet Link

The sudden collapse of FTX has caused investors and holders of digital assets to rethink the approach to the safety and security of their cryptos and NFTs. It has also led to the rise of crypto custody solutions that provide ... Read more â€ș

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Startups News
Nickie Louise @ Startups News · 12/13/2022 09:12 EDT

Zappi, an AI-based customer insights startup, raises $170 million to digitize enterprise market research

The ongoing economic downturn coupled with the looming recession has exacerbated the challenges tech startups faced in raising new funds. While the funding well may be drying up, investors continue to pour money into cybersecurity, AI, and other tech sectors that ... Read more â€ș

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Startups News
Nickie Louise @ Startups News · 12/13/2022 08:17 EDT

SEC charged Sam Bankman-Fried with “orchestrating a scheme to defraud equity investors in FTX”

The United States Securities and Exchange Commission (SEC) has charged Samuel Bankman-Fried (SBF) with “orchestrating a scheme to defraud equity investors” in FTX, the agency said. The announcement came the same day Bankman-Fried was supposed to appear before the US Congress. ... Read more â€ș

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Startups News
Nickie Louise @ Startups News · 12/13/2022 07:43 EDT

Morningstar Ventures invests $5 million to open 37xDubai, a novel NFT art gallery in Central Dubai

Morningstar Ventures, an investment firm specializing in digital assets and blockchain technology, is opening its first interactive digital art gallery in the heart of Dubai. Located in the Burj Daman Tower (DIFC area), ‘37xDubai’ is positioned amidst Dubai’s business and ... Read more â€ș

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Startups News
Daniel Levi @ Startups News · 12/12/2022 19:07 EDT

FTX founder Sam Bankman-Fried arrested by Bahamian Authorities after U.S. files criminal charges; could face life in prison

Disgraced FTX founder Sam Bankman-Fried (SBF) has been arrested by Bahamian authorities after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government. The arrest sets the stage for his extradition ... Read more â€ș

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Startups News
Daniel Levi @ Startups News · 12/12/2022 13:42 EDT

Is Crypto.com in trouble? Crypto.com published audited proof of reserves amid a report that its “CEO has history of red flags including bankruptcy and quick exits”

The sudden collapse of the crypto exchange FTX has sent panic in the crypto industry, causing investors to worry about the future of the crypto market. More than a month after FTX filed for Chapter 11 bankruptcy, media attention is ... Read more â€ș

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Startups News
Daniel Levi @ Startups News · 12/12/2022 10:30 EDT

Playtika, the world’s largest social casino games company, lays off 15% of its staff and shuts down three online gaming titles

Israeli-founded gaming giant Playtika is laying off 615 employees as part of the company’s broader restructuring. The company confirmed today following last week’s speculation that the company was planning to part with 500 employees this week. Playtika CEO and Founder Robert Antokol officially ... Read more â€ș

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Startups News
Daniel Levi @ Startups News 2 place · 12/12/2022 09:29 EDT

Microsoft to acquire a 4% stake in the London Stock Exchange in a deal valued at $2 billion

In the latest sign that boundaries between Big Tech and financial firms continue to blur, Microsoft is investing $2 billion in the London Stock Exchange in exchange for a 4% stock in the firm, which further strengthens their longstanding relationship. In an ... Read more â€ș

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Startups News
Nickie Louise @ Startups News 3 place · 12/12/2022 08:57 EDT

Animoca Brands and TinyTap to disrupt education with auction of the second set of Publisher NFTs starting December 15

Back in September, we covered Animoca Brands after the crypto-gaming startup raised $110 million in funding to advance digital property rights for gaming and build the open metaverse. Three months prior, Animoca acquired TinyTap, a Tel Aviv, Israel-based tech startup that enables ... Read more â€ș

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Startups News
Nickie Louise @ Startups News · 12/12/2022 08:20 EDT

Twitter Blue relaunches today with an $8/month for web or $11 per month price tag on iOS

Last month, Twitter paused the rollout of Twitter Blue following the impersonation abuse from trolls who took advantage of the blue checkmark verification feature. Following the first unsuccessful attempt at paid account verification, Twitter announced on Saturday it will start rolling ... Read more â€ș

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Startups News
Nickie Louise @ Startups News 3 place · 12/12/2022 07:41 EDT

How Blockchain Are Changing the Face of the Fashion Industry

From the advent of the sewing machine to the rise of e-commerce, fashion has always been on the cutting edge of innovation. Like technology, trends in the fashion industry are both forward-thinking and cyclical. This intersection between the two sectors ... Read more â€ș

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Startups News
Nickie Louise @ Startups News 1 place · 12/09/2022 13:58 EDT

Microsoft acquires Lumenisity, a U.K.-based startup that develops high-speed cables for transmitting data

Microsoft has acquired Lumenisity, a Southampton, England-based tech startup developing next-generation hollow core fiber (HCF)  technology solutions primarily for data. The total amount of the deal was not disclosed. In a blog post on its website, Microsoft said the acquisition will help the ... Read more â€ș

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Startups News
Nickie Louise @ Startups News 2 place · 12/09/2022 12:51 EDT

Turkish grocery delivery startup Getir acquires German rival Gorillas as industry consolidates

Turkish grocery delivery tech startup Getir has acquired the embattled German rival Gorillas, the company said Friday. The terms of the deal were not disclosed. The announcement comes a year after Getir acquired British rival Weezy to expand its geographical reach ... Read more â€ș

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Startups News
Daniel Levi @ Startups News 3 place · 12/09/2022 09:56 EDT

Stolen data of around 5 million people sold on bot markets. Here’s how to check if your data was sold

Every year, hackers stole the data of billions of people around the world. In September, Australia’s second-largest telco Optus suffered a major data breach causing hackers to steal the personal data of 10 million customers. But have you ever wondered ... Read more â€ș

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Startups News
Nickie Louise @ Startups News · 12/09/2022 09:03 EDT

Japanese HealthTech Startup Ubie raises $5M in Series C extension to expand to the US and fuel growth

You were sick but you didn’t exactly know what it was. It was in the middle of the night and you couldn’t reach your doctor. What about if you could check your symptoms and find possible causes for free in just three ... Read more â€ș

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Startups News
Daniel Levi @ Startups News · 12/09/2022 08:10 EDT

Radix Unveils Its Vision Of “RadFi”, A Radically Different Approach To DeFi That’s Scalable & Easy To Use

The existing crypto experience is “absolute garbage”, according to Radix CEO Piers Ridyard, and unless the DeFi industry undergoes a radical transformation, it doesn’t have hope in hell of replacing the traditional financial system that it rivals. Ridyard was delivering ... Read more â€ș

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Startups News
Nickie Louise @ Startups News 3 place · 12/08/2022 12:29 EDT

The Number of Americans with a negative view of cryptocurrencies almost doubled; jumps from 25% to 43% following the collapse of FTX

There’s a big jump in the number of Americans with a negative view of cryptocurrency after a series of bankruptcies, crypto collapses, and scandals rocked the crypto industries. Americans’ views on cryptocurrencies have suddenly soured following the collapse of the ... Read more â€ș

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