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Crypto Lender “Celsius Network” Refocuses on Bitcoin Mining Amid Regulatory Scrutiny

The cryptocurrency lender Celsius Network has redesigned its postbankruptcy plans to concentrate only on bitcoin mining, abandoning its previous goals

The cryptocurrency lender Celsius Network has redesigned its postbankruptcy plans to concentrate only on bitcoin mining, abandoning its previous goals of managing its loans and collecting "staking" fees. The U.S. Securities and Exchange Commission SEC voiced doubts about Celsius first business lines, which impacted the decision. To safeguard consumers, the SEC has been highlighting the necessity of regulation in the cryptocurrency lending and staking sectors. As it winds down its bankruptcy, Celsius intends to sell off certain assets its new company will be centred around bitcoin mining. In the upcoming weeks, the firm anticipates filing to have the amended bankruptcy plan approved by the court. Read More..

B2B Tech News | 3 months ago          

FTC Streamlines AI Investigations A Bold Move Against Digital Fraud

A new procedure to expedite investigations into instances in which artificial intelligence AI is utilised to violate the law has been authorised by th

A new procedure to expedite investigations into instances in which artificial intelligence AI is utilised to violate the law has been authorised by the Federal Trade Commission FTC of the United States. This action indicates the FTCs growing interest in investigating AIrelated crimes, particularly in light of worries about the technology being used fraudulently. Because of the agencys decision, staff members may now more easily request records about AI investigations. The use of AI to improve phishing emails and robocalls is one of the concerns that the FTC has been concentrating on. The organisation recently held a competition to find practical measures to shield customers from fraud and the adverse effects of voice cloning. Read More..

B2B Tech News | 3 months ago          

Australia Invests $17 Million for Cyber Rapid Response Teams in the Pacific

To respond to cyber disasters in the Pacific, Australia has announced intentions to deploy "rapid assistance" teams with a budget of A$26.2 million $1

To respond to cyber disasters in the Pacific, Australia has announced intentions to deploy "rapid assistance" teams with a budget of A$26.2 million $17 million. The Pacific Islands will get an additional A$16.7 million to detect security vulnerabilities. The action is intended to improve cybersecurity in the area, especially in light of recent cyberattacks that have affected Pacific Island countries. The fastreaction teams will endeavour to strengthen the Pacific regions longterm resilience and offer vital assistance in times of cyber crisis. This programme aligns with the US and Australian commitments to finance Googles construction of new underwater cables to enhance connectivity in the Pacific Islands. Read More..

B2B Tech News | 3 months ago          

Sneaky Strategy North Korean IT Workers Sham Job Hunt Tactics

Sophisticated strategies, such as phoney identities, phoney LinkedIn profiles, false work documents, and simulated interview scripts, are being used b

Sophisticated strategies, such as phoney identities, phoney LinkedIn profiles, false work documents, and simulated interview scripts, are being used by North Korean IT professionals who are looking for jobs in computer businesses in the West. These labourers, associated with the cyber espionage outfit Mustang Panda, are using deceit to land jobs outside North Korea to obtain hard money for the reclusive nation clandestinely. The plan, which has gained momentum in recent years, entails sending hundreds of IT professionals abroad to raise money for Pyongyangs nuclear missile programme. The labourers fabricate identities, credentials, and profiles to apply for software development jobs worldwide. Read More..

B2B Tech News | 3 months ago          

Resonac Expands Presence Unveils R&D Center for Semiconductor Packaging in Silicon Valley

Resonac, a Japanese chip materials manufacturer formerly Showa Denko, announced intentions to open a research and development centre in Silicon Valley

Resonac, a Japanese chip materials manufacturer formerly Showa Denko, announced intentions to open a research and development centre in Silicon Valley dedicated to innovative semiconductor packaging and materials. The packaging phase of the chip manufacturing process is seen to be essential for advancing technology, and this action fits with the more significant trend of emphasising semiconductor packaging skills. Operations at the new centre are scheduled to start in 2025. This occurs at the same time as the United States of America launches a $3 billion initiative to improve semiconductor packaging, demonstrating the industrys growing focus on this area of chip technology. Read More..

B2B Tech News | 3 months ago          

Small and MidCap Sectors Surge in Sales on Back of Capex and B2B Momentum

Jefferies report notes strong sales growth in small and midcap sectors due to capex and B2B companies, offsetting lower sales in consumerfacing firms.

Jefferies report notes strong sales growth in small and midcap sectors due to capex and B2B companies, offsetting lower sales in consumerfacing firms. Electronics manufacturers like Amber Enterprises and Dixon Technologies saw growth due to production incentives, while agrochemicals company UPL faced a sales decline. Despite varied sales performances, these sectors experienced significant profit growth, driven by improved margins and factors like cost adjustments. Margins rose for 70% of the covered companies, notably in building products but declined in certain appliance and electrode sectors due to demand and pricing pressures. Read More..

B2B Tech News | 3 months ago          

Fintechs Face Uphill Battle as Funding Costs Surge, Rates Likely to Rise

Fintech lenders might see customers shifting to banks and NBFCs due to an expected increase in interest rates, driven by higher funding costs after th

Fintech lenders might see customers shifting to banks and NBFCs due to an expected increase in interest rates, driven by higher funding costs after the RBI raised weights on unsecured loans. This move will likely push fintechs to broaden their product range. While some financially robust fintechs may absorb increased costs, many could raise rates for retail customers. CEO Madhusudan Ekambaram of KreditBee noted that premium customers, drawn to fintechs for convenience, might switch to bank or NBFC apps if fintechs raise rates significantly. This presents an opportunity for banks to attract these customers. However, not all fintechs are expected to increase rates, particularly those less exposed to unsecured loans. Read More..

B2B Tech News | 3 months ago          

Former OpenAI Leaders Join Microsofts AI Research Team, Stirring Employee Backlash

Over 700 OpenAI employees signed a letter demanding the boards resignation and the reinstatement of former CEO Sam Altman. They threatened to leave fo

Over 700 OpenAI employees signed a letter demanding the boards resignation and the reinstatement of former CEO Sam Altman. They threatened to leave for Microsoft following news of Altman and cofounder Greg Brockman joining Microsofts AI research team. The employees warned of resignations if Altman and Brockman werent retained, despite potential immigration risks. OpenAIs chief scientist expressed regret over internal turmoil. Employees on visas fear complications with their immigration status. Microsoft created a special AI team for former OpenAI staff, with Altman possibly becoming CEO. Emmett Shear is the interim CEO at OpenAI. Microsofts move comes after failed negotiations to reinstate Altman. Their new AI chip aims to reduce reliance on Nvidia for AI computing. Read More..

B2B Tech News | 3 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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