Indonesian logistics startup Paxel announced it has received $23 million in Series C funding, led by PT Astra Digital Internasional, the venture builder arm of local conglomerate Astra. Other investors include Central Capital Ventura (CCV), MDI Ventures, SIG, Endeavour Catalyst, FJ Labs and PT Amsaka Investama Sejahtera. The announcement confirmed DealStreetAsia’s earlier report based on… Continue reading Indonesian logistics startup Paxel raises $23m in Series C funding led by AstraThe other investors include CCV, MDI Ventures, SIG, Endeavour Catalyst,…
Category: Tech News
Category Added in a WPeMatico Campaign
Snapchat reported to be in early stages of planning layoffsCEO Evan Spiegel had told employees in May that the company will slow hiring for this year.
Snap Inc is in early stages of planning layoffs, the Verge reported on Monday, citing people familiar with the plans. The scope of the job cuts is currently unclear as managers are still planning it for their teams, the report said, adding that the Snapchat-owner has more than 6,000 employees. Snap declined to comment when contacted by Reuters.… Continue reading Snapchat reported to be in early stages of planning layoffsCEO Evan Spiegel had told employees in May that the company will slow hiring for this year.
China said to be conducting audit of $3 trillion trust industry: report
China’s top auditor is conducting a review of the $3 trillion trust industry, Bloomberg News reported on Tuesday, citing people familiar with the matter. China’s trust industry has been a key part of the country’s shadow banking business, which helps channel deposits into risky investments via products often designed to dodge capital or investment regulations.… Continue reading China said to be conducting audit of $3 trillion trust industry: report
Australia’s central bank launches one-year digital currency project
Australia’s central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what potential economic benefits it might bring. The Reserve Bank of Australia (RBA) is partnering with the Digital Finance Cooperative Research Centre (DFCRC), a government-backed industry group, in the program. The project will seek to identify innovative use cases and business models… Continue reading Australia’s central bank launches one-year digital currency project
SoftBank plans to sell stake in digital finance firm SoFi
Japanese conglomerate SoftBank Group Corp plans to sell its stake in digital personal finance company SoFi Technologies Inc, according to a filing late on Monday. SoFi shares fell 3% in extended trading. On Monday, SoftBank sold 6.7 million shares in SoFi at a weighted average price of $8.17 per share, three days after it sold 5.4 million shares at a price of $7.99. SoftBank also posted a record $23.1 billion loss… Continue reading SoftBank plans to sell stake in digital finance firm SoFi
Hackers steal crypto worth $1.2b through ‘bridges’ this year — already double of 2021
Another day, another hack and another blockchain bridge burned. When thieves stole an estimated $190 million from US crypto firm Nomad last week, it was the seventh hack of 2022 to target an increasingly important cog in the crypto machine: Blockchain “bridges” — strings of code that help move crypto coins between different applications. So far this year, hackers… Continue reading Hackers steal crypto worth $1.2b through ‘bridges’ this year — already double of 2021
Clean Technica: The Newest Moneymaker? Buy & Flip EVs With Low Mileage002165
Several years ago, a friend turned me onto a book titled, Rich Dad, Poor Dad. It explained steps to add to your wages, above and beyond your 40-hour-a-week + job, by finding opportunities for passive income streams. In 2009, my husband and I ended up buying, fixing up, renting, and then selling a couple of… Continue reading Clean Technica: The Newest Moneymaker? Buy & Flip EVs With Low Mileage002165
Clean Technica: Our Journey from Tesla to BYD002164
What do you do when waiting in line at an electric vehicle launch? You swap stories. At the recent BYD launch in Brisbane, Roger and Mary told me the story of their journey from reserving a Tesla Model 3 to purchasing a BYD Atto 3. On 31 March, 2016, we made a deposit on a… Continue reading Clean Technica: Our Journey from Tesla to BYD002164
Mad Scientists Create Human Bread Yeast in a Lab
Image by Getty Images It’s alive! A team of scientists at Delft University of Technology in the Netherlands managed to successfully insert human muscle genes into a bit of baker’s yeast for the first time. The human genes in question express a metabolic pathway that involves breaking down sugars to produce energy, the same mechanism… Continue reading Mad Scientists Create Human Bread Yeast in a Lab
Gigantic “Jet” Lightning Bolt That Reached Edge of Space Puzzles Scientists
Was that you, Thor? Gigantic Jet Scientists recorded a ‘gigantic jet” lightning bolt back in May 2018, hovering over an Oklahoma thunderstorm. This bolt was so powerful, it carried 100 times as much of a charge as the average thunderstorm lightning bolt, reaching a whopping 50 miles into air, which is a stone’s throw from… Continue reading Gigantic “Jet” Lightning Bolt That Reached Edge of Space Puzzles Scientists