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Chip stockpiles in South Korea have risen due to fears of a slowdown in technology

South Koreas chip inventory has risen to its highest level in more than four years. According to the National Statistics Office, the National Fund inc

South Koreas chip inventory has risen to its highest level in more than four years. According to the National Statistics Office, the National Fund increased by 53.4% ​​in May compared to the previous year. South Korea is the worlds largest manufacturer of memory chips for everything from smartphones and laptops to cars. Shares of chip makers from Samsung Electronics to SK Hynix fell last year due to questions about future demand and central bank policies to reduce investment in global technology stocks. Read More..

B2B Tech News | 2 years ago          

Three Arrows Capital, a cryptocurrency hedge firm, declares bankruptcy as the market collapse takes its toll

Cryptocurrency hedge fund Three Arrows Capital has gone bankrupt. Teneo was called in recent days to manage the liquidation process. 3AC defaulted on

Cryptocurrency hedge fund Three Arrows Capital has gone bankrupt. Teneo was called in recent days to manage the liquidation process. 3AC defaulted on a Voyager Digital loan consisting of $ 350 million in the US dollar, USDC, and 15,250 bitcoinpegged stablecoin, worth approximately $ 304.5 million at current prices. The company had exposure to the collapsed stablecoin terraUSD and sister token luna. Lending firm Celsius and cryptocurrency exchange CoinFlex have also faced liquidity issues. Read More..

B2B Tech News | 2 years ago          

The Commonwealth Bank announces a massive increase in one of its interest rates

Commonwealth Banks fixedrate hike of 1.40 percentage points comes into force on Thursday. The bank is responding to the rising costs of fixedincome fi

Commonwealth Banks fixedrate hike of 1.40 percentage points comes into force on Thursday. The bank is responding to the rising costs of fixedincome financing. CBAs lowest fixed rate is just under 5 percent, while the majority are well over 6 percent. CBA has cut its lowest variable home loan rate by 0.15 percentage points, down to 2.79 percent. The revised rate is only for new customers with a 30 percent deposit. Rates come less than a fortnight after CBA hiked rates for both new and existing variable loans. Read More..

B2B Tech News | 2 years ago          

German startup Cynora, which specialises in flexible and transparent displays, has been acquired by Samsung

Samsung Display, the flagship division of South Korean technology company Samsung, has bought German company Sinora, which specializes in OLED technol

Samsung Display, the flagship division of South Korean technology company Samsung, has bought German company Sinora, which specializes in OLED technology. Cinara focuses on folding screens that are flexible and transparent to other display technologies. Samsung is assumed to launch its new series of shellfish in August, and there are speculations that Apple will enter the shellfish market in the coming years. ETNews quotes 9to5Google as saying that if the changes are made, Samsung will price the shell at around $ 800. Read More..

B2B Tech News | 2 years ago          

Sule Startups need resilience and ingenuity to succeed

An open innovation program called the Visa Everywhere Initiative assists startups in seizing new growth and partnership opportunities. The audience fa

An open innovation program called the Visa Everywhere Initiative assists startups in seizing new growth and partnership opportunities. The audience favorite for the 2022 CEMEA regional finals was CarePay. The proposal enables subscribers to receive discounts on their healthcare costs at the point of service of up to 37.5%. Carepay is a provider of healthcare services to households and individuals with and without insurance. Since our launch, we have observed a sizable uptake by people, families, fintech, banks, and pension funds. At the 2022 CEMEA finals, the audience selected us as their audience favorite. Read More..

B2B Tech News | 2 years ago          

Intuit will stop offering online QuickBooks products in India from January 2023

Intuit Quickbooks, an online accounting software for small businesses, discontinues sales in India. The USbased company told consumers on Thursday tha

Intuit Quickbooks, an online accounting software for small businesses, discontinues sales in India. The USbased company told consumers on Thursday that it had been trying to disrupt the market for more than 15 years. In the short term, this could be an advantage for local competitors such as Zoho, Tally, and Indiamart. Moneycontrol saw a copy of the email. This applies to all plans for QuickBooks Online, QuickBooks Online Accountant, the QuickBooks mobile app, and the QuickBooks Time program. Read More..

B2B Tech News | 2 years ago          

With competing offers from Frontier and JetBlue, the battle for Spirit Airlines is getting close

Spirit Airlines shareholders were scheduled to vote on Thursday on a proposed tieup with fellow discount carrier Frontier. But with hours to go, Spiri

Spirit Airlines shareholders were scheduled to vote on Thursday on a proposed tieup with fellow discount carrier Frontier. But with hours to go, Spirit delayed the vote until July 8, extending the most heated battle for a U.S. airline in years. If Spirit shareholders vote against the deal, it opens the door for a takeover by JetBlue Airways. JetBlue has raised the amount it would pay up in advance to $2.50 a share, from $1.50 earlier. It also added a 10centashare monthly payment to shareholders starting next year until the deal is consummated or terminated. JetBlues latest offer comes after Frontiers late Friday raised the cash portion of its offer by $2 per share to $4.13. Read More..

B2B Tech News | 2 years ago          

JPMorgan Says Cryptos Deleveraging Cycle Wont Last Much Longer

The collapse of Terra/Luna, the Three Arrows Capital failure, and frozen withdrawals at Celsius Network are among the signs of woe cascading through t

The collapse of Terra/Luna, the Three Arrows Capital failure, and frozen withdrawals at Celsius Network are among the signs of woe cascading through the industry. The total market cap was down to around $930 billion on Thursday, after having surpassed $3 trillion in November. JPMorgan strategists, including Nikolaos Panigirtzoglou, wrote in a note Wednesday that the liquidity crunch at 3 Arrows Capital is a manifestation of this deleveraging process. The total market cap was down to around $930 billion on Thursday, according to the pricing from CoinGecko, after having surpassed $3 trillion in November. Read More..

B2B Tech News | 2 years ago          



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