Shares of Figma (FIG) rose 198% on its first day of trading on the New York Stock Exchange after the company raised $1.2 billion for its Wednesday initial public offering (IPO). The firm priced shares at $33 a share under the ticker “FIG,” valuing the company at about $20 billion. The stock changed hands at … Read more
A decade after the first block was generated on July 30, 2015, Ethereum’s roadmap has a renewed sense of direction and purpose. Ethereum researcher Justin Drake at EthCC. (Justin Drake) Sure, the recent price increase helps a lot, but after years of mucking around with scaling via L2s, the Ethereum L1 finally has a credible … Read more
The threats of deepfakes are looming large over the social media landscape. The crypto sector is no exception to the dangers of deepfakes-powered fake news. In a new development, a deepfake video of Anatoly Yakovenko, the co-founder of Solana, was found circulating on social media. The video has been found on YouTube and X among … Read more
The massive job cuts by Amazon, one of the biggest private employers in the US, show the wave of layoff sweeping through the tech sector could stretch into 2023 as companies rush to cut costs, analysts said on Thursday. As a demand boom during the pandemic rapidly turns into bust, tech companies shed more than … Read more
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
Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines. In the last year, more than 70,000 people globally have been laid off by Big Tech companies – and that doesn’t … Read more
Croma’s Back to Campus Sale is here, and it’s raining laptops under ₹50,000! Whether you’re a coder, gamer, or just someone who likes to take notes digitally, there’s something for everyone. Take your pick from big brands like HP, Lenovo, Asus, and Dell. Each one’s got the power you need and the price tag you’ll … Read more
The newly appointed chief executive officer of Vedanta’s untried display business is seeking to hire global talent to build and run a $4 billion (roughly Rs. 32,811 crore) factory in western India. YJ Chen, who previously worked at Chinese display maker HKC, said the display venture will soon begin recruiting from South Korea, Taiwan, Japan … Read more
Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday. The layoffs impacted 1,02,943 workers, a more than two-fold jump from December and an over five-times surge from a year … Read more
The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. “The GENIUS Act has what I’d like to call — just for my own legacy sake — a Libra clause,” Disparte told the Unchained podcast on Saturday. … Read more