Category: Firm
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Dollar firm after US data quells recession fears By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar held near a two-week high against the yen after posting its biggest daily gain in four weeks against its major peers as strong U.S. economic data eased recession fears. The dollar was particularly strong against the Japanese currency thanks to higher Treasury…
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Silicon Valley tech firm apologises for sexist stunt after backlash at industry event
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Palo Alto Networks, a major Silicon Valley tech company, has issued an apology after it came under fire for a controversial marketing stunt at an industry event in Las Vegas. The company faced backlash after photos emerged showing models in skimpy outfits with lampshades covering their heads, being used as…
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Crypto firm Cumberland deployed $1b Tether in 8 days
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Market maker Cumberland may have bought the dip as data showed the company moved millions of Tether stablecoins to centralized exchanges. Since August 6, Cumberland has sent over $1 billion in Tether (USDT) to CEX platforms like Binance, Coinbase, and Kraken, according to LookOnChain. Data. Market makers provide liquidity in…
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Crypto firm Cumberland deployed $1b Tether in 8 days
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Market maker Cumberland may have bought the dip as data showed the company moved millions of Tether stablecoins to centralized exchanges. Since August 6, Cumberland has sent over $1 billion in Tether (USDT) to CEX platforms like Binance, Coinbase, and Kraken, according to LookOnChain. Data. Market makers provide liquidity in…
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Cardano Adoption Has Stagnated, Analytics Firm Talks Why
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An analytics firm has discussed how Cardano (ADA) network adoption has hit a plateau over the past year. Total Cardano holders unchanged in 1 year According to data from In the massADA has seen its user base stagnate over the past year. The metric of interest here is the total…
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China firm bags Ketraco deal to build Narok-Bomet power line
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The Kenya Electricity Transmission Company (KETRACO) has contracted a Chinese company to build the 132kV Narok-Bomet double circuit transmission line. Catraco has signed a contract with China North Power Engineering Corporation to build the Narok-Bomet line as part of the Sh15.6 billion Kenya Transmission Network Improvement Project (KTNIP). The other…
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Bitcoin Improves Market Dominance Over Altcoins, Stands Firm On Major Support
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Bitcoin has had a turbulent week with huge price swings keeping investors on edge. The cryptocurrency has been on a rollercoaster ride, dropping dramatically in value in a matter of hours before rebounding strongly. Specifically, Bitcoin fell from $66,000 to a low of $49,800 on Monday, just Mid-week bounceBitcoin peaked…
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NHS IT firm faces £6m fine over medical records hack
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A software provider is facing a potential £6m fine following a 2022 ransomware attack that disrupted NHS and social care services across England. The Information Commissioner’s Office (ICO) has provisionally concluded that Advanced Computer Software Group did not implement adequate measures to protect the personal data of 82,946 people affected…
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RBI’s firm grip to keep rupee anchored in narrow range: Reuters poll By Reuters
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By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – The outlook for the Indian rupee is little changed from last month as interventions by the Reserve Bank of India keep the currency, considered expensive compared to peers, in a narrow range, a Reuters poll of foreign exchange analysts showed. A…
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VC firm Paradigm taps Facebook, Instagram vet David Swain
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Crypto venture capital firm Paradigm has appointed David Swain as its new chief marketing officer. Swain previously served as head of global communications at Instagram and senior director of technology communications at Facebook. He also served as vice president of global partnerships at social fitness app Strava. according to a…
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VC firm Paradigm taps Facebook, Instagram vet David Swain
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Crypto venture capital firm Paradigm has appointed David Swain as its new chief marketing officer. Swain previously served as head of global communications at Instagram and senior director of technology communications at Facebook. He also served as vice president of global partnerships at social fitness app Strava. according to a…
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AI firm secures $300m valuation in major US private equity deal
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Board Intelligence, the leading AI company working to improve board performance, has announced the sale of a majority stake to California-based private equity firm K1, valuing the London-based company at up to $300m (£230m). The major investment will see founders Jennifer Sandberg, 44, and Pippa Page, 40, receive millions of…
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Treasury on the spot over Sh2.6bn tax gift to e-bike firm
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Former Treasury Secretary Njuguna Ndung’u has been put in an awkward position over the allocation of more than Sh2.5 billion of public funds to pay taxes to a private electric vehicle company, sparking opposition from rival companies. The Treasury has offered to settle customs duties on 10,000 electric motorcycles and…
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BALY INVESTIGATION: The M&A Class Action Firm Launches Investigation Merger of Bally’s Corp.
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Article Content NEW YORK, July 27, 2024 (GLOBE NEWSWIRE) — NEW YORK, July 27, 2024 /GLOBE NEWSWIRE/ Monteverde & Co. (M&A Class Action Firm) recovered shareholders’ money and was recognized as a corporation. Top 50 Companies In the ISS Securities Class Action Services Report for 2018-2022. We are headquartered in…
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Court stops Joho family firm Sh5.9bn grain facility at Mombasa port
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The High Court has temporarily halted the construction of a second bulk grain handling facility at the Port of Mombasa, which was awarded to companies linked to mining cabinet secretary nominee and former Mombasa governor Hassan Joho. The High Court, headed by Deputy Chief Justice Philomena Mwilu, ruled that the…
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Shiba Inu, XRP Forming Bullish Divergence, Analytics Firm Reveals
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On-chain analytics firm Santiment has revealed how Shiba Inu and XRP are among the altcoins experiencing bullish divergence on the MVRV Z-Score. MVRV Z-Score says XRP and Shiba Inu traders are currently seeing losses In new mail In X, Santiment discussed how different leading cryptocurrencies look on the MVRV Z-Score.…
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Research Firm Says Wall Street Doesn’t Understand Ethereum As Outflows Plague Spot ETFs
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the Ethereum ETFs The start was not entirely ideal, as these funds saw mixed inflows in their first three days of trading. Cryptocurrency research firm 10x Research He provided some answers as to why. Institutional Investors They are not very excited about this money. Wall Street Doesn’t Fully Understand ETH…
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Pudgy Penguins firm secures $11m to build new L2 project
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Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, announced that it has raised $11 million in funding to build its latest blockchain project. Peter Thiel Founders Fund led the fundraising round, which Igloo says will include: Funding a new currency based on Ethereum (ETH) Consumer Layer 2 solutions…
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Pudgy Penguins firm secures $11m to build new L2 project
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Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, announced that it has raised $11 million in funding to build its latest blockchain project. Peter Thiel Founders Fund led the fundraising round, which Igloo says will include: Funding a new currency based on Ethereum (ETH) Consumer Layer 2 solutions…
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Google talks to cybersecurity firm Wiz break down
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Google Inc.’s (NASDAQ:) discussions to potentially acquire cybersecurity company Wiz for $23 billion have fallen through, according to a report Tuesday by The Wall Street Journal. The Wall Street Journal reported that Wizz CEO Asaf Rappaport said in an email to employees sent on Monday and seen by The Wall…