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Latin American investment in startups fell sharply in the second quarter

Venture investment in Latin American startups totaled just $2.3 billion in the second quarter of 2022, per Crunchbase data. That represents a drop of

Venture investment in Latin American startups totaled just $2.3 billion in the second quarter of 2022, per Crunchbase data. That represents a drop of more than twothirds from the yearago quarter and ranks as the lowest quarterly total since 2020. Crunchbase counted 203 disclosed rounds in Q2, down 38% from Q1 and 39% from last year. Crypto and real estatefocused unicorns in Latin America have seen their funding dry up in the face of a tighter environment. In the crypto space, two unicorns operating cryptocurrency exchange platforms have reportedly laid off staff in recent months. For Q2, investors put $1.1 billion into earlystage deals Series A and B, a decline of around 15% from Q1 and 35% from the prior quarter. Read More..

B2B Tech News | 3 years ago          

Exro announces partner achievements, technologies and company updates via live broadcast

Exro has created a brandnew category of power electronics for batteries and electric motors. The company developed momentum with significant companies

Exro has created a brandnew category of power electronics for batteries and electric motors. The company developed momentum with significant companies in the emobility and energy storage areas in order to lay out a methodical gotomarket plan. The patent portfolio of Exro contains coverage for a number of important nations, including the United States, Canada, Great Britain, France, Hong Kong, and Japan. The collaboration between Exro and Traktionssysteme Austria TSA is going well. A video tour of the companys cuttingedge sustainable manufacturing facility in Calgary was provided by Exro CEO Sue Ozdemir. The building has a clean room with a production line for surfacemount technology and a solar panel array on the roof. Read More..

B2B Tech News | 3 years ago          

In 2022, Bitcoin mixers are working like never before

Cryptocurrency mixers are services that allow users to erase the digital money trail left by most transactions on Bitcoin and other platforms. A new r

Cryptocurrency mixers are services that allow users to erase the digital money trail left by most transactions on Bitcoin and other platforms. A new report from Chainalysis says that the largest portion of crypto sent to mixers this year has been from cybercriminals and nationstates. In August 2021, Larry Harmon, CEO of Bitcoin mixer Helix, pleaded guilty to money laundering for allegedly laundering 354,468 Bitcoins. That same month, Chainalysis launched a 24hour incident response program to support those targeted by hackers and ransomware. Read More..

B2B Tech News | 3 years ago          

A neutrino collision in Antarctica can help solve a centuryold mystery

Astrophysicists might have uncovered an important clue for putting together a cosmic ray origin story. They tracked down a sort of cosmic ray offshoot

Astrophysicists might have uncovered an important clue for putting together a cosmic ray origin story. They tracked down a sort of cosmic ray offshoot called a neutrino. Neutrinos are so evasive they dont interact with hardly anything yet blast throughout the cosmos. Astronomers analyze neutrino data from the IceCube Neutrino Observatory, deep within the South Pole. The data was later traced to a frightening blazar called TXS 0506+056. But theres debate over whether these blazars are natural particle accelerators that manufacture cosmic rays. Read More..

B2B Tech News | 3 years ago          

Medtronic is adding 200 R&D positions in Galway

In addition to increasing its investment in new product development in Galway, Medtronic plans to create a new global laboratory services team there.

In addition to increasing its investment in new product development in Galway, Medtronic plans to create a new global laboratory services team there. The news coincides with the business 40th anniversary in Ireland. With 4,000 employees currently working in this nation, Medtronic is one of the more significant global corporations present. Galway, Athlone, and Dublin have all received announcements of an additional 200 new employees. Leo Varadkar, the Tánaiste and Minister for Enterprise, Trade, and Employment, welcomed the announcement. In 1982, Medtronic arrived in Ireland to produce a few cardiovascular devices. Over 4,000 people are now employed by it across five locations in three Irish cities. Read More..

B2B Tech News | 3 years ago          

Creating a national power grid to follow the sun was dismissed as impossible

Eastern states have faced energy reliability issues, most recently with blackouts in Queensland and New South Wales this year. By creating a single na

Eastern states have faced energy reliability issues, most recently with blackouts in Queensland and New South Wales this year. By creating a single national grid, eastern states could obtain solar power from Western Australia during the evening slope, when energy consumption is typically highest. Building a long transmission line between WA and the eastern states could cost billions and would likely be more expensive than building more accumulators in the east. Read More..

B2B Tech News | 3 years ago          

Paybill is linked to Telkom and Airtel Money by MPesa.

As of today, users of Airtel and Telkom will have access to Safaricom’s bill payment platform following the improvement of seamless display fees by

As of today, users of Airtel and Telkom will have access to Safaricom’s bill payment platform following the improvement of seamless display fees by merchants linked to various operators. Interoperability allows different IT systems to communicate and exchange data of the two rival networks for merchant payments. From 2024, mobile phone users will be able to deposit and withdraw money at any agent on any network. Mobile money customers on TKash and Airtel Money will be able to make mobile payments to an MPESA Paybill Number, a telecommunications official said. The move is part of efforts by regulators to curb the dominance of Safaricoms mobile money service and Lipa mPesa. There are no customs charges for bulk payments made using Lipa except for settlements at fuel stations. Read More..

B2B Tech News | 3 years ago          

The bank warns that too many rate hikes could crash the Australian housing market

The Australian housing market could collapse if interest rates rise too high. The Reserve Bank of Australia has hiked interest rates three times since

The Australian housing market could collapse if interest rates rise too high. The Reserve Bank of Australia has hiked interest rates three times since May. The Swiss investment bank UBS has predicted interest rates will peak at around 3.5 percent in March next year but said this will hit the housing market hard. We still believe that market prices of around 3.5% – if delivered – would likely cause housing construction to collapse and bring the economy closer to the recession, said George Tharenou, the economist a boss at UBS, told The Australian. The Reserve Bank of Australia RBA has hiked interest rates three times since May, taking them from a record low of 0.1% to a staggering 1.35%. Read More..

B2B Tech News | 3 years ago          



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