Suplyd, a procurement platform for hotels, restaurants and catering (HoReCa) businesses in Egypt, has raised $1.6 million pre-seed funding from Endure Capital, Seedstars, Camel Ventures, Falak Startups, and a number of angel investors. Founded in January this year, Suplyd’s B2B platform brings efficiency in the supply chain operations for businesses in the food service industry … Read more
The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC.
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Court filings show Ryan Salame tipped off the Bahaman securities regulator, telling them that FTX was sending customer funds to Alameda Research.
The latest purchase means ARK’s Innovation ETF holds 5.8 million COIN shares.
Weekly-realized losses peaked at $20.5 billion when Terra Luna (LUNC) imploded and reached $33 billion when 3AC and Celsius collapsed, according to Chainalysis.
Tom Emmer is considering reintroducing a bill that removes the requirement for entities to be registered as money transmitters if they don’t handle customer assets.
A former FTX employee has revealed details regarding the lavish expenditures of the exchange as well as its intense company culture.
Tesla CEO Elon Musk sold over 20 million shares of the company stock between Monday and Wednesday. The sale is worth about $3.5 billion, according to a regulatory filing. Musk’s latest stock dump follows the nearly $4 billion worth of shares he sold last month. Musk hasn’t provided a reason publicly for the share sell … Read more
Money pit | Illustration by Laura Normand / The Verge Elon Musk has sold another $3.5 billion in Tesla shares, according to a form filed with the Securities and Exchange Commission today. Since November 2021, the high point of Tesla’s share price, Musk has sold more than $39 billion of shares, The Wall Street Journal … Read more
Changpeng Zhao’s comments come as billions of dollars of stablecoins continue to flow out of the Binance exchange.
The Covid-19 pandemic grounded travel and tourism to a halt, but as those sectors pick up speed again, so too are the more promising startups in them raising money to keep up. Today, a startup called Mews — which provides a cloud-based hotel property management platform with tools covering reservations, payments, and more — announced … Read more
Singapore-headquartered startup Plugo has secured $9 million in a Series A funding round. The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. In other words, Plugo enables D2C merchants to focus on … Read more
A notable development for the fraught issue of cross-border data flows from the Organisation for Economic Co-operation and Development (OECD) Wednesday: After two years of closed-door discussions, the intergovernmental organization has adopted a declaration on government access to data held by private sector entities. The declaration, which has been adopted by the 38 OECD countries … Read more
I think Lady Dimitrescu will be very scary in VR. | Image: Capcom Resident Evil Village’s VR mode will be available on the PlayStation VR 2 the same date Sony’s new VR hardware launches in February, Capcom announced on Wednesday. And even better, it’s being added as a free update for owners of the game. … Read more
Over the past week, the correlation between the red metal and cryptocurrency has grown tighter, which bodes well for investors. But a strengthening U.S. dollar may suggest a less rosy future.
The overhaul of the protocol, dubbed “Maple 2.0” comes only weeks after the platform saw two major defaults on the back of FTX’s collapse.
Two weeks ago, the password manager giant LastPass disclosed its systems were compromised for a second time this year. Back in August, LastPass found that an employee’s work account was compromised to gain unauthorized access to the company’s development environment, which stores some of LastPass’ source code. LastPass CEO Karim Toubba said the hacker’s activity … Read more