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DigitalX Sees Crypto Assets Plunge 27% in One Month

In the month of November, DigitalX recorded a 26.8% decline in the value of its namebrand digital assets fund. At the end of November, the group held

In the month of November, DigitalX recorded a 26.8% decline in the value of its namebrand digital assets fund. At the end of November, the group held $11.9 million in Bitcoin and other digital assets, down from $16.6 million in October. Chief Executive Officer Lisa Wade attributed the decline to a chain reaction following the demise of bitcoin exchange FTX, which had its headquarters in the Bahamas. In FY22, DigitalX operated at a consolidated loss of $2.8 million, compared to a net profit after tax of $6.8 million the year before. The share price of the group has decreased 32.5 percent over the last six months and 73% since this time last year. However, DCC shares were steady today at 2.7 cents per share, indicating a market capitalization of $20.1 million. Read More..

B2B Tech News | 10 months ago        

Flow Engineering Enables Hardware Engineers to Collaborate More Effectively, Raising $8.5M for Funding Round

Flow Engineering, a hardware engineering software firm based in the United Kingdom, announced today that it has raised $8.5 million in seed funding. T

Flow Engineering, a hardware engineering software firm based in the United Kingdom, announced today that it has raised $8.5 million in seed funding. The platform from Flow Engineering intends to facilitate agile collaboration methods for hardware engineering teams, saving time spent collating computer design models, databases, and component diagrams. Flows software, dubbed Hardware Engineerings GitHub, is designed to help engineers cycle complicated hardware constructions more quickly by allowing them to constantly test, validate, and verify ideas. The research team has experience in aerospace engineering and F1 racing, and the software has already been used by unnamed automotive and aerospace companies. Read More..

B2B Tech News | 10 months ago        

Butter Insurance raises $1.3 million to launch vision of over the counter insurance

Butter Insurance has received a $1.3 million investment from Flying Fox VC, Quokka Ventures, FB10X, and Startmate. The platform intends to democratise

Butter Insurance has received a $1.3 million investment from Flying Fox VC, Quokka Ventures, FB10X, and Startmate. The platform intends to democratise insurance access for young people and renters. Users will be able to monitor and manage their insurance plans, track claims, and update payments all from a single webapp. Butter Insurance just signed its first significant partnership agreement with Australian Payments Plus AP+. Butter wants to make the process of purchasing insurance as easy as possible. The insurance solution will be integrated with eftpos eQR Digital Marketplace, which is an alternative payment option that allows customers to pay with their smartphone. Read More..

B2B Tech News | 10 months ago        

Israels NewMed signs gas exploration deal with Morocco

On Tuesday, Israels NewMed Energy NWMDp. TA announced the signing of an agreement with Moroccos energy and minerals ministry and Adarco Energy for off

On Tuesday, Israels NewMed Energy NWMDp. TA announced the signing of an agreement with Moroccos energy and minerals ministry and Adarco Energy for offshore natural gas exploration and production in Morocco. According to NewMed, each company will own 37.5% of the Boujdour Atlantique licence. According to the corporation, the Boujdour Atlantique licence was given for an eightyear period in the southern part of Moroccos offshore economic zone. The transaction is still subject to Moroccan regulatory approval. NewMed is a major shareholder in Israels massive Leviathan offshore gas field, and it is attempting to merge with Capricorn Energy CNE.L to form a gas producer centred on Israel and Egypt. Read More..

B2B Tech News | 10 months ago        

VinFast files from Vietnam will be listed in the United States

VinFast, a leading Vietnamese electric vehicle EV manufacturer, has submitted a registration statement to market its shares in the United States. The

VinFast, a leading Vietnamese electric vehicle EV manufacturer, has submitted a registration statement to market its shares in the United States. The stock is anticipated to trade on the Nasdaq under the symbol VFS. The quantity of VinFast shares to be issued in the IPO is still unknown. Throughout July, the company opened six showrooms in California, with a total of 30 planned by the end of the year. VinFast, which was founded in 2017, is a subsidiary of the Vietnamese conglomerate Vingroup. Read More..

B2B Tech News | 10 months ago        

Uruguays free trade agreement ambitions are shaking the South American trading bloc

The Mercosur trade bloc has been shaken by one of its smaller members, Uruguay, seeking to negotiate its own freetrade agreements. For years, Uruguay

The Mercosur trade bloc has been shaken by one of its smaller members, Uruguay, seeking to negotiate its own freetrade agreements. For years, Uruguay has attempted to conclude unilateral trade agreements that it believes are more beneficial than Mercosur. Brazil, Paraguay, and Argentina warned Uruguay in November that if it went ahead with its plans, they would take measures against it. The twoday talks in Montevideo ended without a joint declaration on the agreements reached. Read More..

B2B Tech News | 10 months ago        

Ellume was taken out of administration by a rapid test competitor for $57 million

Ellume, a Brisbanebased manufacturer of rapid COVID19 tests, has been taken out of administration by competitor Hough Consolidated. Ellumes USbased su

Ellume, a Brisbanebased manufacturer of rapid COVID19 tests, has been taken out of administration by competitor Hough Consolidated. Ellumes USbased subsidiary, which is 100% owned by the Australian company but was not placed into voluntary administration alongside its parent, is also included in the sale. Ellumes Australian subsidiary had 215 employees as of September 1. This compares to confirmed assets valued at approximately $39 million, including $1.5 million in cash. In September, the company went into voluntary administration, just months after opening a 20,000squaremeter facility in the United States. Read More..

B2B Tech News | 10 months ago        

Strike launches ultrafast money transfers to Africa

Strike, the worlds leading digital payments platform built on Bitcoins Lightning Network, announced today the availability of its Send Globally feat

Strike, the worlds leading digital payments platform built on Bitcoins Lightning Network, announced today the availability of its Send Globally feature, which enables instant, lowcost payments to Africa. Send Globally is now available to all Strike users in the United States, with initial coverage for Nigeria, Kenya, and Ghana. A Strike user can use Send Globally to send money to Nigeria, Ghana, and Kenya instantly and with no transaction fees. Payments are instantly converted to naira, cedi, or shillings and deposited directly into the bank, mobile money, or Bitnob account of the recipient. Send Globally accelerates, reduces the cost of, and simplifies payments to Africa, particularly in countries with few options for crossborder money transfers. Read More..

B2B Tech News | 10 months ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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