Thursday, November 10, 2022

Binance pulls out of deal to acquire rival crypto exchange FTX

Rival Changpeng Zhao, the CEO of a bigger crypto exchange called Binance, agreed to bail out FTX. But FTX's future grew murkier Wednesday when Binance abruptly said the deal was off

from Tech-Economic Times https://ift.tt/BWTlZuO

US probes FTX empire over handling of client funds and lending

The investigations by the Securities and Exchange Commission and the Commodity Futures Trading Commission relate to the liquidity crisis at the trading platform that led to a planned buyout of its non-US operations by rival exchange Binance Holdings Ltd..

from Tech-Economic Times https://ift.tt/m2hYEbs

Wednesday, November 9, 2022

Don't borrow if you run a crypto business: Binance CEO Changpeng Zhao

Zhao also said that all crypto exchanges should do merkle-tree proof-of-reserves. In bitcoin and other cryptocurrencies​, Merkle trees serve to encode blockchain data more efficiently and securely.

from Tech-Economic Times https://ift.tt/ivkE0Vl

Meta will begin laying off employees on Wednesday morning: Report



from Technology | The Indian Express https://ift.tt/kdcnHfJ

Elon Musk sells Tesla stock worth about $4 billion: SEC filing

Musk, the world's richest person, took over Twitter in a $44 billion deal last month and has engaged in drastic measures including sacking half the staff and a plan to charge for blue check verification marks.

from Tech-Economic Times https://ift.tt/JydFsUc

German, Australian competition watchdogs to follow CCI's steps on Google

Germany's national competition regulatory agency Bundeskartellamt and the Australian Competition and Consumer Commission (ACCC), have been following the Competition Commission of India's actions on Google.

from Tech-Economic Times https://ift.tt/q98XnYJ

Binance’s FTT selloffs add to Indian crypto investors’ woes

Digital assets crash again as markets reacts to crypto exchange FTX insolvency rumours

from Tech-Economic Times https://ift.tt/bnjZxX4

Telcos in crosshairs of DRI & Customs over router imports, notices to over dozen firms



from Technology | The Indian Express https://ift.tt/6dQRyTl

Tuesday, November 8, 2022

Amazon to deliver third-party ecomm orders; ETSA winners to receive awards on Nov 19

This will make the US ecommerce major a direct rival to new-age logistics firm Delhivery, Xpressbees, Ecom Express and Flipkart's Ekart, which recently started onboarding external merchants to ship non-Flipkart orders.

from Tech-Economic Times https://ift.tt/4JC7TaM

Stellantis pauses paid ads on Twitter after Elon Musk takeover

Stellantis joins a number of major companies that have halted advertising on Twitter, including United Airlines, General Mills Inc luxury automaker Audi of America and General Motors Co.

from Tech-Economic Times https://ift.tt/PlCikIr

Monday, November 7, 2022

CCI decision on alleged market dominance abuse by Google in smart TV soon

People with direct knowledge of the matter said the director general office of Competition Commission of India (CCI) has concluded the investigation and submitted its report.

from Tech-Economic Times https://ift.tt/GgNIrun

Anthropic quietly sets up biology lab as it ramps AI drug program

At a time when fears of AI are gripping the public, the startup has built a wet lab, or place for physical experiments, in the San Francisco...