2022 has been a difficult year for cryptocurrency. Coming off euphoric highs from the year before, the crypto market has endured an environment of tightening monetary policy, which led to sell-offs, implosions of new projects like TerraLuna, bankruptcies of CeFi companies like Celsius and Voyager Digital and a climactic downfall of the FTX exchange.
Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea’s largest crypto exchanges.
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 8, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Salesforce has always fashioned itself as a socially responsible company, and that includes working on a Net Zero carbon emissions goal. In fact, it launched Sustainability Cloud in 2019, a product for tracking customer Net Zero goals. This year, they are taking that idea a step further with a new product that incorporates not only … Read more
Less than two months after announcing a new $9.2 billion valuation, TripActions said today it has secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank (SVB). Specifically, TripActions has secured a warehouse debt facility from Goldman Sachs with a $200 million commitment and the potential to “flex up” to $300 million … Read more
Black Sheep Foods, a San Francisco–based food tech company that uses plants to create a similar flavor to animal meat, secured another funding round, this time $12.3 million in Series A capital. The company is leaping over the traditional plant-based foods, like beef, chicken and pork, to focus on scaling production for its lamb-flavored product. … Read more
Matt Barbieri Contributor Share on Twitter Matt Barbieri is partner-in-charge, Media, Technology and Life Sciences at Wiss & Co. Many founders are reactive when business doesn’t go as planned. They may make knee-jerk reactions like: “If I lose 10% of revenue then I’ll just lay off five people.” The problem with such approaches is that … Read more
You’ve activated my… Reddit trading card! | Card images: Reddit It’s app recap season once again, and Reddit is getting in on the moment with its second annual personalized recap. This year, your recap will include an autogenerated trading card that represents you and your Reddit experience in 2022. Like other recaps, Reddit’s features a … Read more
The European Commission is going a step further than its crypto law MiCA as it seeks to tackle tax evasion
Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June next year.
Foxconn is investing another $500 million in its India business as it ramps up its plans to expand its chipmaking factories in the South Asian market that is slowly becoming a key hardware base for Apple. In a stock exchange filing in Taiwan on Thursday, Foxconn said its Singapore subsidiary will deploy the capital. The … Read more
The United States and Vietnam score the best on “crypto maturity” in 2022, a new report determines.
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The breakdown of the ascending trendline corresponding with previous bear market lows looks horrible, one portfolio manager said.
A California district judge decided to dismiss the motion because the complaint was not able to supply sufficient facts.
Starling Bank’s virtual debit cards. | Image: Starling Bank UK-based Starling Bank is introducing new virtual debit cards this week that will help customers manage spending, saving, and even security free of charge. These new virtual cards will be linked to a main Starling bank account and use your balance, but they’ll have a unique … Read more
Zeraki, a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 million seed funding in a round led by Acumen Fund, for product catalog growth and regional expansion. Save the Children Impact Investment Fund, Verdant Frontiers Fintech, Logos Ventures participated in the round, as did the Nairobi Business Angels … Read more
It’s one crypto newsroom, Michael. What could it cost? | Micha Huigen / The Verge What happens when a story has impact? Continue reading…
Photo by Amelia Holowaty Krales / The Verge We finally have a final official deadline for when new phones sold in the European Union — including future iPhones — will have to use USB-C for wired charging: December 28 2024. That’s because the EU’s new USB-C legislation has just been published in the bloc’s Official … Read more
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WeWalk, a U.K.-based startup developing a “smart cane” for visually-impaired people, today announced it has raised £2 million ($2.4 million) in venture funding from several notable institutional and angel investors — this includes Manchester City and German international footballer İlkay Gündoğan. Founded out of London in 2019, WeWalk has developed a GPS-enabled smart cane and … Read more
Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs.
The new Symfonisk floor lamp speaker will be available in January. | Image: Ikea Sonos and Ikea today announced the latest addition to their collaborative Symfonisk product lineup: it’s a new floor-standing lamp speaker. The $260 Symfonisk floor lamp speaker will be available from Ikea’s stores and website beginning in January. In terms of design, … Read more
North Korean state-sponsored hackers exploited a previously unknown zero-day vulnerability in Internet Explorer to target South Korean users with malware, according to Google’s Threat Analysis Group. Google researchers discovered first discovered the zero-day flaw on October 31 when multiple individuals uploaded a malicious Microsoft Office document to the company’s VirusTotal tool. These documents purported to … Read more