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WazirX users are advised by Binance to shift their money and stop using offchain transfers.

Binance ordered clients of partner WazirX to move their funds to a global cryptocurrency platform. The company plans to remove offchain fund transfers

Binance ordered clients of partner WazirX to move their funds to a global cryptocurrency platform. The company plans to remove offchain fund transfers between the services in the latest escalation of tension between the firms. The announcements follow a public spat over the weekend when the companies argued about the ownership of the Indian firm. Indias top crypto exchange WazirX has been frozen by the countrys antimoneylaundering agency for allegedly violating foreign exchange rules. The firms assets worth over $8 million have been frozen, and its parent company Binance claims it acquired the startup in 2019. Binance cofounder Markus Hillmann described the situation as comical and said he is confident the ED will get to the bottom of this.WazirX is the top crypto exchange by volume, processing about $500 million of trades a day. That number has tumbled to about $5 million, as global markets take a downturn and Indias crypto taxation policy goes into effect. Read More..

B2B Tech News | 2 years ago        

Australian court rules that the insurer is not responsible for the costs of ransomware removal

An Australian court has ruled an insurance company cant claim costs incurred in the aftermath of a cyber attack, such as forensics, incident response,

An Australian court has ruled an insurance company cant claim costs incurred in the aftermath of a cyber attack, such as forensics, incident response, and replacement hardware. The decision could worry some organizations that think they have adequate cover for cyber incidents. Only a small subset of costs relating to blank media and the copying of data onto that media are deemed claimable under the insurance policy. The Inchcape Australia cyber attack verdict could have a broader impact on the interpretation of claimable costs under cyber insurance policies. The insurers policy only covers direct financial loss directly resulting from electronic data, not consequential losses resulting from damage to or destruction of the insureds computer systems. If you want to be covered for those actions you should be clear in your insurance cover and the policy that theyre in, says lawyer Simon Burns. Read More..

B2B Tech News | 2 years ago        

Applications for the 4th Launch SaaS are being accepted by Suez Canal Bank

The Suez Canal Bank is accepting applications for the fourth session of its technology applications business incubator, Launch SaaS. The session will

The Suez Canal Bank is accepting applications for the fourth session of its technology applications business incubator, Launch SaaS. The session will focus on providing support to startups that tackle climate change and create a more sustainable future. It coincides with Egypts preparations to host the 27th UN Conference of Parties on Climate Change COP27. The Suez Canal Banks Launch SaaS incubated about 33 startups, which received financial support amounting to EGP 3.9m, and their sales achieved EGP 109m since entering the affiliate incubation program. The Bank has also organized over 150 training courses for entrepreneurs and startup owners. The Nileprenuers Initiative Executive Director Heba Labib praised the fruitful cooperation between the initiative and banks, which contributed to intensifying efforts to support the entrepreneurship community. Read More..

B2B Tech News | 2 years ago        

The US transfers $1 billion worth of missiles and other weapons to Ukraine

The United States has promised Ukraine another $1 billion in military assistance. The largest single security assistance package to date consists of $

The United States has promised Ukraine another $1 billion in military assistance. The largest single security assistance package to date consists of $650 million under the Ukraine Security Assistance Initiative and $350 million in presidential drawdown authority. The assistance consists of extra rockets for HIMARS High Mobility Artillery Rocket Systems, artillery rounds, javelins, and other weapons and supplies. During the last four months of the conflict, Russia has focused its efforts on taking control of the Donbas region in eastern Ukraine, where proMoscow separatists have been in charge of some territory as selfdeclared republics for eight years. Read More..

B2B Tech News | 2 years ago        

Accel backs Produze to assist Indian farmers exporting their products abroad

Accel has led a $2.6 million funding in Produce, an Indian startup that helps local Agri producers sell to international retailers. Produze is the lat

Accel has led a $2.6 million funding in Produce, an Indian startup that helps local Agri producers sell to international retailers. Produze is the latest in a series of bets as investors and entrepreneurs look to supercharge Indias Agri sector. Produze, an Indian startup that helps retailers and agriproducers sell their produce online, has raised $3.5m in seed funding from Accel, with participation from All in Capital and Ninjacarts Thirukumaran Nagarajan and Kartikeya Mathew.Produze, an Indian startup that helps farmers sell their products globally, has secured seed funding from Accel, with participation from All in Capital and Ninjacart. The company says it has already set up an office in Dubai and is planning offices in Europe and the U.S. Read More..

B2B Tech News | 2 years ago        

Car companies are facing pressure to exit the Australian industry

There have been calls for automakers to reevaluate their Federal Chamber of Automotive Industries membership. The industry groups lobbying effort for

There have been calls for automakers to reevaluate their Federal Chamber of Automotive Industries membership. The industry groups lobbying effort for softer road transport emissions standards was made public by documents. The FCAI has previously stated in the media that 100g of CO2 per kilometer should be the upper limit for these emissions. Due to its stance, the association disagrees with other organizations in the industry, such as the Electric Vehicle Council EVC, which supports more fuelefficient vehicles. Read More..

B2B Tech News | 2 years ago        

Morocco a new investment land for Germany

The Moroccan Chamber of Commerce identifies Morocco as a strategic center for EuroAfrican business development. Morocco is particularly attractive to

The Moroccan Chamber of Commerce identifies Morocco as a strategic center for EuroAfrican business development. Morocco is particularly attractive to German investors, who see it as a gateway to the African continent and a potential shortterm player. The advantage of this technology is proximity, as Morocco is less than a threehour drive from Berlin. The AMDL director believes that Morocco has the foundation to develop its intercontinental logistics business, but warns that Morocco must continue its balancing efforts. Read More..

B2B Tech News | 2 years ago        

BRP GETS A MAJORITY STAKE IN GERMANBASED PIONION TO HELP WITH THE DEVELOPMENT OF NEW URBAN MOBILITY SOLUTIONS

BRP acquires 80% of Pinion GmbH in Denkendorf, Germany, which develops gearbox technology. Pinions team of over 60 fulltime employees designs, manufac

BRP acquires 80% of Pinion GmbH in Denkendorf, Germany, which develops gearbox technology. Pinions team of over 60 fulltime employees designs, manufactures, assembles and markets mechanical transmissions for traditional and electric bicycles. Christoph Lehrmann, cofounder and CEO of Pinion GmbH, added PRPs culture of relentless innovation and focus on research and development reflects our culture. Pinion was founded in 2008 by two automotive engineers, Christoph Lehrmann and Michael Schmitz. Read More..

B2B Tech News | 2 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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