Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion (€37 billion) crash of the firm’s cryptocurrency that devastated retail investors around the world, the country’s interior...
As the boss of three health start-ups in three decades, Bill Hunter considered many risks in his career. His corporate bank going bust was not among them.While Silicon Valley Bank (SVB) was fighting to raise capital or find a...
Since the collapse of the Silicon Valley Bank (SVB) on Friday, Republicans and Democrats in the US wasted no time in turning the crisis into a political blame game with both sides accusing their opponents of causing the meltdown. So,...
Facebook's parent company Meta is slashing a further 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs, it announced on Tuesday.The company axed 11,000 jobs in November, about 13 per cent of its...
Cryptocurrencies are continuing to feel the shockwaves of the crumbling FTX empire with Bitcoin plunging to a 2-year low of $15,480 (€15,050) on Tuesday as other cryptos follow the downward trend.It comes as the entire crypto market lost more...
The expression ‘pulling yourself up by your bootstraps’ evolved to mean ‘attempting to do something without outside help’. In business, ‘bootstrapping’ is the practice of building a business without outside capital investment.Financed at the owner’s expense through internal sources,...
Twitter has reportedly closed its entire Brussels office, sparking fears about whether the platform will abide by Europe’s new rules on policing content online. Citing five people familiar with the matter, the Financial Times newspaper reported on Thursday...
Twitter’s boss Elon Musk has unveiled a tentative new plan for user verification which will be released next Friday (December 2), the billionaire confirmed on Twitter.The move comes after he paused monetising the “blue check”, which verifies user identity,...
Irish regulators slapped Facebook parent Meta with a €265 million fine on Monday, the company's latest punishment for breaching strict European Union data privacy rules.The Data Protection Commission said Meta Platforms Inc infringed sections of the EU rules, known...
Cryptocurrency lender BlockFi is reportedly suing Emergent Fidelity Technologies, the company of FTX’s embattled founder Sam Bankman-Fried for how it used its shares in investing app Robinhood, sending yet another tremor through the crypto market.Citing loan documents, the Financial...