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Category Archives: Tech
UK seizes web3 opportunity simplifying crypto regulations
As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving … Continue reading
Samsung Electronics expects third quarter profit to plunge 78% but shares surge
The company expects revenue of about 67 trillion South Korean won for the third quarter, while operating profit will stand at about 2.4 trillion won.
Clubs promoting NFTs pose ‘risk’ to fans, MPs warn
A committee of MPs say artists and sport clubs’ reputations are at risk if they promote NFTs.
Evolution Space to build solid rocket motor testing center at NASA Stennis
Mojave, California-based Evolution Space has a new deal with NASA to begin building a solid propulsion center and solid rocket motor testing at the agency’s Stennis Space Center, which will see former facilities repurposed into Evolution’s “Space Propulsion Center.” Evolution … Continue reading
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India’s InsuranceDekho raises another $60 million
InsuranceDekho, the insurer that was incubated within the automobile marketplace group CarDekho, has raised $60 million in a new funding round as the startup looks to supercharge its growth. Mitsubishi UFJ Financial Group, insurer BNP Paribas Cardif, Beams Fintech Fund … Continue reading
Japanese VC Beyond Next Ventures raises $67.7M in a first close of its deep tech fund
A Japanese fund focused on early-stage, Asian deep tech startups is doubling down on the opportunity, despite a wider slowdown investing in moonshots globally. Tokyo-based Beyond Next Ventures is targeting up to ¥25 billion (about $168 million) for BNV Fund … Continue reading
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EU fires urgent warning at Elon Musk’s X over illegal content and disinformation following Hamas attacks
In a very swift test of the European Union’s newly updated content moderation rulebook, the bloc has fired a public warning at Elon Musk-owned X (formerly Twitter) for failing to tackle illegal content circulating on the platform in the wake … Continue reading
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What drove online used car marketplace Shift to file for bankruptcy
Shift Technologies, the San Francisco-based online used car startup turned publicly traded company, filed this week for Chapter 11 bankruptcy. The short story, according to recent filings, is that the company’s deteriorating cash position and inability to obtain further financing … Continue reading
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Israeli and Jewish schools reportedly urge parents to tell their kids to delete Instagram and TikTok to avoid disturbing images of hostages
Their concern is that Hamas may use social media to broadcast disturbing images, such as hostages begging for their lives.
Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X, formerly Twitter
Thierry Breton, the European commissioner for the internal market, warns Elon Musk about disinformation on X related to the Israel-Hamas conflict.