Another one bites the dust. Domino Effect Yet another major cryptocurrency lender has filed for bankruptcy, a sign of a deepening “crypto winter” that’s continuing to take down the hype giants one by one. Crypto lender BlockFi is filing for Chapter 11 bankruptcy protection just weeks after FTX, once the second largest cryptocurrency exchange by… Continue reading BlockFi Just Filed for Bankruptcy
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The USGS warning system that knows when rumbling volcanoes will blow their mountain tops
More than 120 volcanic eruptions have occurred in the United States in the 42 years since Mount St. Helens erupted over Washington in 1980, killing 57 and inflicting over a billion dollars in property damage. While none have been nearly as destructive, their mere presence can impact human activities and even economies hundreds of miles… Continue reading The USGS warning system that knows when rumbling volcanoes will blow their mountain tops
Google sued by FTC and seven states over ‘deceptive’ Pixel 4 ads
You’re not the only one wondering if that social media star really used a hot new phone. The Federal Trade Commission and seven states have sued Google and iHeartMedia for running allegedly “deceptive” Pixel 4 ads. Promos aired between 2019 and 2020 featured influencers that extolled the features of phones they reportedly didn’t own —… Continue reading Google sued by FTC and seven states over ‘deceptive’ Pixel 4 ads
Elon Musk claims Apple has ‘threatened to withhold’ Twitter from the App Store
Elon Musk has taken aim at Apple’s App Store policies amid claims that the company has “threatened to withhold” Twitter from its store. According to Musk, Apple “won’t tell us why” it has an issues with Twitter, but the threats have In subsequent tweets, Musk railed against Apple’s 30 percent “tax” on in-app purchases, and… Continue reading Elon Musk claims Apple has ‘threatened to withhold’ Twitter from the App Store
The best Cyber Monday tech deals for 2022: discounts on earbuds, laptops, smartwatches and more
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publishing. For the past couple of years, Cyber Monday… Continue reading The best Cyber Monday tech deals for 2022: discounts on earbuds, laptops, smartwatches and more
EV startup Faraday Future appoints Xuefeng Chen as global CEOXuefeng Chen was most recently the CEO of the company’s China division.
Electric-vehicle startup Faraday Future Intelligent Electric said on Monday it has appointed Xuefeng Chen as global chief executive officer, sending shares up 1.4% in extended trading. Chen, who was most recently the CEO of the company’s China division and has spent nearly two decades in the automotive industry, succeeds Carsten Breitfeld, who was removed from the… Continue reading EV startup Faraday Future appoints Xuefeng Chen as global CEOXuefeng Chen was most recently the CEO of the company’s China division.
Crypto lender BlockFi files for bankruptcy, cites FTX exposure
Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the FTX exchange earlier this month. The filing in a New Jersey court comes as crypto prices have plummeted. The price of bitcoin, the most popular digital… Continue reading Crypto lender BlockFi files for bankruptcy, cites FTX exposure
China broadens equity financing channels for property developers to aid economy
China’s securities regulator said on Monday it would allow China- and Hong Kong-listed Chinese property developers to sell additional shares to acquire real estate assets, replenish working capital, or repay debts, lifting a ban on such refinancing to help stabilize the economy. The China Securities Regulatory Commission (CSRC) said it would also promote financing by… Continue reading China broadens equity financing channels for property developers to aid economy
SG’s Vertex Ventures said to be nearing first close for SEA and India Fund 5
Temasek-backed Vertex Ventures is nearing the first close of its $450-million fifth fund for Southeast Asia and India, according to sources close to the development. DealStreetAsia understands that Vertex has secured around $380-400 million in capital commitments from major institutional investors. Singapore state investor Temasek Holdings is said to be contributing roughly $100 million to… Continue reading SG’s Vertex Ventures said to be nearing first close for SEA and India Fund 5
TA Associates prefers to invest in profitable Indian businesses, says top exec
American private equity (PE) giant TA Associates is betting big on sectors such as financial services, healthcare, technology, and consumer in India, as it carves out an investment strategy from its latest $12.5-billion fund. So far this year in India, TA Associates has invested in biopharma-focused tech services company Zifo RnD Solutions. The transaction, which… Continue reading TA Associates prefers to invest in profitable Indian businesses, says top exec