Header-template

HEADLINES

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          

Visit to the NHOA Global Engineering Center in Milan by the Premier of Western Australia

The Hon. Mark McGowan visited NHOAs Paris NHOA Global Engineering Center in Milan as part of his Reconnect WA mission. NHOA Energy, through its region

The Hon. Mark McGowan visited NHOAs Paris NHOA Global Engineering Center in Milan as part of his Reconnect WA mission. NHOA Energy, through its regional headquarters in Perth, will support the Western Australia Governments push toward the energy transition favoring the growth of cuttingedge expertise, technologies, and intellectual properties in the region. The NHOA Groups Global Business Line dedicated to energy storage was selected to provide a battery energy storage system, which will contribute to the additional security and stability of Western Australias power system. Read More..

B2B Tech News | 2 years ago          

Volt, Australias first online bank, closes due to fundraising issues

Volt Bank Ltd, the first exclusively online bank to gain an Australian banking license, has gone bust. The company had A$113 million $78 million in de

Volt Bank Ltd, the first exclusively online bank to gain an Australian banking license, has gone bust. The company had A$113 million $78 million in deposits and A$80 million of home loans as of April. It raised A$85 million, with mortgage broker Australian Finance Group AFG paying A$15 million for an 8% stake. Rising inflation and interest rates this year have made it harder for onlineonly banks to compete with established lenders. Digital challengers have struggled to break into mainstream banking in developed markets where most countries have three to five banks controlling 8090% of retail deposits through those that had focused on niches like lowercost crossborder transfers, had proven more successful. Read More..

B2B Tech News | 2 years ago          

Coinbase expands in Europe

Coinbase Global Inc has renewed its focus on its expansion in Europe and is in the process of registering in markets including Italy, Spain, France, a

Coinbase Global Inc has renewed its focus on its expansion in Europe and is in the process of registering in markets including Italy, Spain, France, and the Netherlands. The company is already registered in the U.K, Ireland, and Germany and recently hired its first employee in Switzerland. The move comes weeks after the company slashed more than 1,000 jobs in the U.S. amid a downturn in the crypto sector. Read More..

B2B Tech News | 2 years ago          

Australian market falls on profit booking

However, market losses were capped in response to upbeat Australian retail sales data. At the closing bell, the benchmark S&P/ASX200 fell 63.41 points

However, market losses were capped in response to upbeat Australian retail sales data. At the closing bell, the benchmark S&P/ASX200 fell 63.41 points, or 0.94%, to 6,700.23. A total of 8 of 11 sectors were lower along with the S&P/ASX 200 Index. Absolute Estate trust was the worstperforming sector, falling 4%, followed by information technology down 2.8%, telecommunication services down 2.2%, healthcare down 1.5%, and materials down 1.5%. Financial was the best performing sector, gaining +0.27%Investors took cues from an overnight selloff on Wall Street after dismal US consumer confidence data stoked recession concerns. Energy stocks gained on upbeat oil prices. Read More..

B2B Tech News | 2 years ago          

Egypt has been the center of the global outsourcing industry Information Technology Industry Development Agency ITIDA

Egypt has been the center of the global outsourcing industry during the global crisis the world has been experiencing in recent years, said Amr Mahfou

Egypt has been the center of the global outsourcing industry during the global crisis the world has been experiencing in recent years, said Amr Mahfouz, CEO of the Information Technology Industry Development Agency ITIDA, at the 2nd Network Forum hosted by Etisalat. He added that Egypt has various opportunities to grow in this area and has massive potential. Read More..

B2B Tech News | 2 years ago          



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts


1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   2428   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2329   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2671   

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.
   2842   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3843   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!


Where do you go to learn more about whats happening in your industry? Check all that apply.