2023 brought the crypto sector face to face with regulatory and macro-economic challenges – that kept the price points of majority cryptocurrencies relatively low. Despite the volatility that the sector witnessed last year, several corporate firms did not lose hope on their crypto engagements. Social networking platform Reddit and Jack Dorsey’s fintech firm Block are … Read more
US’ Federal Bureau of Investigation (FBI) recorded a significant rise in crypto investment scams in 2023. In its recently released ‘Internet Crime Report 2023′, the FBI claimed that crypto investment scams rose by 53 percent last year. In investment scams, fraudsters offer crypto investment advice to potential victims and get them to invest in fake … Read more
Crypto startups are putting valuations in the fast lane with an aggressive form of fundraising that reflects the digital-asset industry’s recovery as well as a desire among venture funds to put money to work. This approach involves an open-ended, rolling fundraise that keeps the cash coming in and quickly lifts valuations, a contrast to the … Read more
The past few months have brought in price spikes for majority cryptocurrencies, bringing back investors’ interest into the sector. In its recent data, CoinShares showed that investment products backed by digital assets like NFTs and cryptocurrencies managed to garner $932 million (roughly Rs. 7,766 crore) in last week’s four-day period between May 13 and May … Read more
The US SEC approved eight exchange traded funds (ETFs) for Ether this month. Through ETFs, investors can engage with Ether trading via traditional stock markets – rather than having to use a crypto exchange ecosystem. Interested members of the investor community will be able to check out ETH ETF listings on Nasdaq, CBOE, and the … Read more
Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion (roughly Rs. 54,464 crore), the Wall Street Journal said on Friday. The tech giant recently fell out of the talks for the round, set to close next week, the newspaper said, citing a person familiar with the matter. … Read more
Indonesia blocked Apple Inc. from selling its latest iPhones in Southeast Asia’s largest economy, saying the company has yet to meet local investment requirements. The iPhone 16, launched in September, cannot be marketed domestically as local unit PT Apple Indonesia hasn’t fulfilled the country’s 40% domestic content requirements for smartphones and tablets, the Ministry of … Read more
Apple has proposed investing almost $10 million (roughly Rs. 84 crore) to make additional goods in Indonesia, according to people familiar with the matter, as it seeks to have the country’s ban on sales of its latest iPhone removed. The plan would involve Apple investing in a factory in Bandung, southeast of Jakarta, in partnership with … Read more
Inflection AI, a startup backed by several Silicon Valley heavyweights, said on Thursday it had raised $1.3 billion (nearly Rs. 10,670 crore) from investors including Microsoft and Nvidia, amid a boom in the artificial intelligence (AI) sector. The investment, a mix of cash and cloud credit, valued the one-year-old company at $4 billion (nearly Rs. … Read more
Apple’s proposal to invest $100 million (roughly Rs. 842 crore) in Indonesia hasn’t met “fairness” principles, a top government official said, signaling Jakarta is seeking further negotiations before lifting a ban on domestic iPhone 16 sales. The amount falls short of what the US tech firm has invested in other countries, Industry Minister Agus Gumiwang … Read more