Our stablecoin is now backed in part by non-US Government bonds- Tether
Tether, the issuer of the stablecoin, has claimed that its stablecoin is partially backed by non-US Government bonds. In its recent “attestation” report, the company equally said its holdings of U.S. Treasurys grew from 13% to $39.2 billion in the 2022 first quarter. For the amount of commercial paper, Tether fell from 17% to $20.1 […]
Meta freezes hiring for certain engineering roles while pausing the hiring of recruiters and low-level data scientists.
Meta is freezing hiring for some engineering roles and has stopped hiring recruiters and low-level data scientists. While the hiring freeze has made staff fear they might be laid off, the Meta CEO, Mark Zuckerberg, has downplayed layoff. In an internal meeting on Thursday, he said that job cuts aren’t being planned. According to Zuckerberg, […]
This week in apps; major events you need to know.
Google’s new ‘multi-search’ attributes hint at AR glasses’ future Google introduced a new “multi-search” feature in April that provides a way to search the web with both images and text at the same time. On Monday, during Google’s I/O developer conference, the firm disclosed an expansion to the feature, termed “Multisearch Near Me.” This feature […]
APPLE dethroned by Saudi Aramco as the most valuable company
Saudi Arabian oil company, Aramco, has surpassed Apple by becoming the most valuable company. The development is a result of surging oil prices and increased shares while tech giant’s stocks keep plummeting. Aramco is Saudi Arabia’s national petroleum and natural gas company. Currently, it’s viewed as the largest oil company in the world. At the […]
LUNA CRASHES FROM $100 to below $1
Today is a sad and tumultuous day for cryptocurrency investors, and enthusiasts as the price of the LUNA coin hits the slopes. Concurrently, the LUNA cryptocurrency has been losing a greater part of its value this week. On Tuesday, 50% of its value was lost. Today, the second arrow hit deeper. Over 90% has been […]
How Russia and Ukraine are finding new ways to use tech in the war
From facial recognition to Musk’s use of SpaceX’s Starlink satellites, technology is being used in creative ways in the ongoing Ukraine war. People and companies are using technology to help end the war and save Ukrainian victims. Some big techs like Microsoft and Google have been indirectly involved in the war. While some target Moscow […]
Binance gets the first European Regulatory approval in France.
Binance, a Cryptocurrency exchange, has achieved a prominent milestone as the first trading platform to be registered in France. The company, which is the largest cryptocurrency exchange globally by trading volume, has been approved by the French regulators to operate its digital asset trading platform in the nation. It was officially reported on May 4, […]
Crowdcube is launching its equity crowdfunding solutions in France.
Equity crowdfunding is more popular in the US or UK than in France as few French startups turn to their user communities to raise new funding. Now, Crowdcube is bringing its equity crowdfunding solutions to France. Due to the latest regulatory changes, Crowdcube, a British investment platform, is officially launching in the French market. It […]
Here are the top-performing French startups to watch out for
Every year, La French Tech, the French government-backed initiative, has always made it a duty to share two French startups rankings, the Next40 and the French Tech 120, annually. The startup rankings involve the 40 and 120 leading performing startups in France. This year’s list is making it the third time the French government has […]
Here’s why robots may be the missing link for your business growth
Out of over 4,000 firms surveyed in 2021, the report shows that the 10% making the biggest revenues invested heavily in Robots. The advancement in robotics technology has been enormous in the last five years. However, there hasn’t been much research on the effects of robotics on businesses and companies’ growth. While critics of robot […]