/ The search giant will use Coinbase Commerce to power crypto-based transactions Google is partnering with Coinbase to let customers pay for its cloud services in “select” cryptocurrencies (via CNBC). According to Coinbase and Google, crypto-based payments will become available to customers in the Web3 space early next year to start. To enable these payments,… Continue reading Google’s partnering with Coinbase to let cloud customers pay in crypto next year
Category: Tech News
Category Added in a WPeMatico Campaign
Global regulators propose bank-like rules for cryptoasset companiesThe Financial Stability Board said crypto is not big enough to threaten financial s…
Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a “crypto winter” wiped $2 trillion off the sector, leaving investors nursing losses. The Financial Stability Board (FSB), which coordinates financial rulemaking among Group of 20 Economies (G20), made nine recommendations for members to apply.… Continue reading Global regulators propose bank-like rules for cryptoasset companiesThe Financial Stability Board said crypto is not big enough to threaten financial s…
Two Australian regulators open investigations into Optus after data breach
Two Australian regulators said on Tuesday they have opened investigations into Optus, the country’s No. 2 telecoms provider, after a breach of its systems resulted in the theft of personal data from up to 10 million accounts. The probes only add to headaches for Optus, which disclosed the breach on Sept. 22 and has since come under… Continue reading Two Australian regulators open investigations into Optus after data breach
SBI Holdings gets regulatory nod for majority stake in Shinsei Bank
Japanese online financial conglomerate SBI Holdings Inc said on Tuesday that a unit had received regulatory approval for a bank holding company licence, allowing it to take a majority stake in Shinsei Bank Ltd. SBI Regional Bank Holdings Co obtained approval to operate as a bank holding company from the Financial Services Agency and plans to buy an… Continue reading SBI Holdings gets regulatory nod for majority stake in Shinsei Bank
People Digest: edamama names ex-GCash exec as CTO; Allspring sets up SG office
Philippine e-commerce platform edamama has appointed Karen Yang Chiang as its new chief technology officer while Allspring has set up an office in Singapore. edamama appoints former GCash executive as CTO edamama, a parenting-focused e-commerce platform in the Philippines, has appointed Karen Yang Chiang as its new chief technology officer. Chiang will manage the company’s… Continue reading People Digest: edamama names ex-GCash exec as CTO; Allspring sets up SG office
GM Energy expands beyond the automaker’s EV business with Ultium Home and Commercial services
General Motors has announced a new business unit to expand outside of its current portfolio of EVs and charging network. The new energy management services business is called GM Energy and will consist of Ultium Home and Ultium Commercial, in combination with the previously existing Ultium Charge 360. As one of the world’s largest automakers,… Continue reading GM Energy expands beyond the automaker’s EV business with Ultium Home and Commercial services
Tesla Model S and Model X are finally coming back to China, get tax exemption
It looks like Tesla’s flagship Model S and Model X are finally coming back to China as the electric vehicles now appear on an updated list of cars receiving tax exemptions. Tesla is different from most other automakers in many ways, and the way it handles model updates is no exception. Instead of taking the… Continue reading Tesla Model S and Model X are finally coming back to China, get tax exemption
Trustar Capital closes fourth RMB-denominated buyout fundTrustar, formerly CITIC Capital Partners, has raised nearly $210m for the M&A fund.
Trustar Capital, earlier known as CITIC Capital Partners, has made the final close of its fourth RMB-denominated buyout fund at 1.5 billion yuan ($208.8 million), the firm announced in a release on Sunday. The M&A fund has landed cornerstone investment from Suzhou Industrial Park’s industry investment fund, which is managed by Harvest Capital. The vehicle… Continue reading Trustar Capital closes fourth RMB-denominated buyout fundTrustar, formerly CITIC Capital Partners, has raised nearly $210m for the M&A fund.
Valuation reset likely as STAR Market emerges as top global IPO venueSTAR Market is seen to sustain its momentum in Q4 and 2023 with a strong IPO pipe…
China’s STAR Market has emerged as the world’s largest fundraising destination in just over three years, but the young stock exchange may be moving into a period of valuation cooldown. Shanghai’s STAR Market, which officially began operations on July 22, 2019, took the top spot with 96 public listings raising a total of over $30.1… Continue reading Valuation reset likely as STAR Market emerges as top global IPO venueSTAR Market is seen to sustain its momentum in Q4 and 2023 with a strong IPO pipe…
China Digest: Legend Capital invests in VectorBuilder; Autowise.ai secures $14m
Biotech firm VectorBuilder has bagged 410 million yuan ($57.1 million) in a Series C round, while autonomous driving firm Autowise.ai has notched up almost $14 million in a Series B3 round. VectorBuilder notches $57m in a Series C round VectorBuilder, which designs, develops, and optimises gene delivery solutions for research institutes and pharma companies, has… Continue reading China Digest: Legend Capital invests in VectorBuilder; Autowise.ai secures $14m