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BlockFi, a troubled cryptocurrency lender, will be acquired by FTX for $25 million in a fire sale

FTX is close to signing a deal to buy BlockFi for pennies on the dollar. The terms of the deal are nearly complete and expected to be signed by the en

FTX is close to signing a deal to buy BlockFi for pennies on the dollar. The terms of the deal are nearly complete and expected to be signed by the end of the week. FTX is assumed to pay about $25 million for the company, 99% below its last private valuation. According to PitchBook, BlockFis final value was $ 4.8 billion. The news follows reports that FTX was looking to buy an equity stake in the company or put it up for sale. Its the latest fallout for crypto lending companies amid plunging crypto asset prices. Multiple offers are being considered since there was no shop clause in the term sheet. Billionaire William BankmanFried has been seen as a lender of last resort in the space. Read More..

B2B Tech News | 2 years ago          

Meta warns employees about future difficult times and opens internal notes

Facebooks parent company, Meta, has warned of a severe year as its advertising business continues to be hit by the recession. A note on investments fr

Facebooks parent company, Meta, has warned of a severe year as its advertising business continues to be hit by the recession. A note on investments from Meta Product CEO Chris Cox warns that hard days and headwinds are coming. The social giants priorities also show that advertising revenue from ads in Metaverse and Reels and Shops will be maintained for the rest of the year. Another memorandum released a month later said the company intends to stop hiring because it has not met its revenue targets. The note also mentions Metas plans to launch the Whatsapp community before a global launch later this year. Read More..

B2B Tech News | 2 years ago          

ISRO launches PSLVC53 today everything you need to know about the latest ISRO rocket launch

ISRO plans to launch three PSLVC53 satellites in Singapore today. This will be the second special trade mission of NewSpace India Limited NSIL. This i

ISRO plans to launch three PSLVC53 satellites in Singapore today. This will be the second special trade mission of NewSpace India Limited NSIL. This is ISROs 55th mission, scheduled for June 30 at 602 p.m. IST. The PSLV orbital experimental module POEM was implemented with three satellites. POEM uses the PS4 scene as an orbital platform to perform scientific experiments in orbit. The first satellite is Singapores first NTU School of Electrical and Electronic Engineering Student Satellite Series S3I. Read More..

B2B Tech News | 2 years ago          

Artificial intelligence is helping the megatrend of electrification of everything that can reduce greenhouse gases

In March, record temperatures in Antarctica caused a New Yorksized ice cap to collapse. MathWorks aims to be carbon neutral by 2023. Artificial intell

In March, record temperatures in Antarctica caused a New Yorksized ice cap to collapse. MathWorks aims to be carbon neutral by 2023. Artificial intelligence and cloud technologies will help accelerate climate research and fully understand the scale and magnitude of the climate crisis. MathematicWorks MATLAB and Simulink are used by engineers and scientists to analyze data, develop algorithms and create models. Artificial intelligence also plays a vital role in reducing greenhouse gas emissions. Read More..

B2B Tech News | 2 years ago          

Australia prioritises lowercost EVs and emissions reduction

A bill will be introduced to commit Australia to reduce its emissions by 43% below 2005 levels by 2030. Another bill would eliminate import duties and

A bill will be introduced to commit Australia to reduce its emissions by 43% below 2005 levels by 2030. Another bill would eliminate import duties and taxes on electric vehicles that are cheaper than the luxury car threshold. Only 1.5% of cars sold in Australia are electric or plugin hybrid. If not, maybe the countrys not serious, Environment Minister Chris Bowen said. Australias greenhouse gas emissions rose last year by 0.8%, or 4.1 million metric tons 4.5 million U.S. tons, one of the biggest spikes in 15 years. Read More..

B2B Tech News | 2 years ago          

With space for 10,000 experts, Bosch India has unveiled its first smart campus

Bosch is expanding its AIoT artificial intelligence of things activities in India. It is doing this by transforming its headquarters in Adugodi, Benga

Bosch is expanding its AIoT artificial intelligence of things activities in India. It is doing this by transforming its headquarters in Adugodi, Bengaluru into a new smart campus. The 76acre site is Boschs first smart campus in India, with the capacity to house 10,000 associates. Soumitra Bhattacharya, managing director of Bosch Limited and president of the Bosch Group, India. Bosch is focusing on total gross hiring of about 6,000 people this year across its group companies. It has deployed an ambient airquality monitoring solution to monitor vital noise and air pollutants. Read More..

B2B Tech News | 2 years ago          

Analyst North Korea Could Be Behind Destruction of New $ 100 Million Cryptocurrency

Experts say the hackers stole about $ 100 million in cryptocurrencies from US companies. He compared it to North Koreas hacking operation centered on

Experts say the hackers stole about $ 100 million in cryptocurrencies from US companies. He compared it to North Koreas hacking operation centered on commercial activity The style of attack used to hide the source of funds and the high structured payment rate for mixers are similar to previous attacks in which the blockchain company Chainalysis denounced North Koreanlinked actors in cooperation with Harmony to respond to the attack. It has been announced on Twitter on Tuesday. On June 23, a cryptographic asset was stolen from Horizon Bridge, a service operated by the Harmony blockchain, and the asset could be transferred to another blockchain. Read More..

B2B Tech News | 2 years ago          

The First Bitcoin ETF in Europe Will Be Released by Jacobi Asset Management on Euronext

Jacobi Asset Management will launch Europes first bitcoin exchangetradedfund on the Euronext exchange. The company said its Jacobi Bitcoin ETF will be

Jacobi Asset Management will launch Europes first bitcoin exchangetradedfund on the Euronext exchange. The company said its Jacobi Bitcoin ETF will begin trading in July under the ticker symbol of BCOIN Bitcoin dropped to as low as $17,592.78 earlier this month, falling below the $20,000 level for the first time since December 2020. The company said its Jacobi Bitcoin ETF will begin trading in July on the Euronext Amsterdam Exchange under the ticker symbol of BCOIN. 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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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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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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