The cryptocurrency market got a hard bolt as more than $6 billion of investors were wiped off in a single day. The rout was led by XRP and ethereum even as the market continued to fall. According to data from Coinmarketcap.com, as of about 11:32 a.m. HK/SIN time on Friday, there was a drop of…
Even through Facebook claims that the social media platform has been hijacked by bad actors and that it is taking measures to mitigate the threat, the investors are not taking those assurances at face value. Compared to the high that it had hit in July, Thursday’s stock price of the company was 30 per cent…
A recent survey conducted on more than 1,000 Americans on the issue of cryptocurrencies has shown that bitcoins are majorly owned by large city based young men who are relatively well-off. The survey also found knowledge of bitcoin and cryptocurrencies exist among most people and are also able to explain their meaning to others. But…
The German carmaker is preparing to transition from producing combustion engine powered vehicles to battery powered electric vehicles. Automotive giant Daimler AG stated, it will commence the building of a battery plant as part of its planned $1 billion investment to upgrade its factory in Tuscaloosa, Alabama. The development comes in the wake of this…
UK has plausibly denied Bloomberg report to lend a sense of calm so that it can continue identifying details of the perpetrators. On Friday, Britain’s national cyber security agency stated, it does not yet have any reasons to doubt the assessments made by Amazon and Apple refuting Bloomberg’s report that their systems had been compromised…
Amazon’s push into Latin America’s biggest economy is driven and bolstered by the listings of third party vendors on its local e-commerce marketplace. As per a Bloomberg report citing sources familiar with the matter at hand, Amazon.com Inc is working on a pilot logistics project in Brazil with CargoX, a Goldman Sachs-backed blockchain company for…
In just 6 years, Grab has managed to attract $6 billion in funding. According to sources familiar with the matter at hand, SoftBank Group Corp is nearing a deal to invest nearly $500 million in Grab. The potential deal is part of a nearly $1 billion funding that Grab aims to tap in its latest…
Rules that impede the development and deployment of fully autonomous automated vehicles will be revised. As per a document made public on Thursday, the Trump Administration plans to surge ahead and revise safety rules that bar fully automated autonomous vehicles from being on the roads; this includes cars without traditional items such as mirrors, steering…
Glassbox’s expertise lies in providing automatic insights from the entire spectrum of the web experience including mobiles and apps. On Thursday, Tel Aviv-based Glassbox, a provider of customer management technology, stated it had raised $25 million in a funding round led by Updata Partners, a Washington-based software-focused growth equity firm. Ibex Investors, CEIIF, the venture…
While in July Dell had stated it would come back with an IPO, acquiring VMWare’s tracking stock is a competing priority. In a significant development, Dell Technologies Inc has confirmed that it has met with a few investment banks to explore an initial public offering (IPO); this plan will kick in only if its plan…
