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FTX Seeks to Claw Back Over $240 Million From Embed Acquisition
Bankrupt crypto exchange FTX is seeking to claw back more than $240 million (nearly Rs. 2,000 crore) it paid for stock trading platform Embed, saying former FTX insiders did no investigation before buying the essentially worthless bug-ridden software platform. FTX closed on the Embed acquisition just six weeks before the crypto exchange collapsed ...
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FTX Collapse: Secret Software Change Allowed Sam Bankman-Fried's Crypto Exchange to Use Client Funds
FTX, the crypto exchange that collapsed last month, received a change to its software in 2020 that allowed the exchange to use client funds. The software tweak exempted Alameda Research from a feature that would sell of its assets if it lost too much borrowed money, allowing to keep borrowing funds from FTX irrespective of the value of the collater...
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Visa Files for Fresh Trademarks That Hint at Crypto Wallet, Metaverse Ambitions
According to new documents, payments giant Visa is filing trademark applications to create a digital assets exchange, a crypto wallet, non-fungible tokens (NFTs), and virtual environments where users can interact.
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Asset Managers Tighten Controls on Personal Communication Amid ‘WhatsApp’ Crackdown on Banks
Asset managers have begun to tighten controls related to the use of personal communications tools for interacting with clients, as part of a move to comply with rules set by regulators. Last month Britain's Information Commissioner's Office (ICO), the country's top data protection watchdog, called for a review of the use of WhatsApp, private emails...
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Norwegian Software Venture Targets Rising Cyber Attack Risks
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
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Norwegian Software Venture Targets Rising Cyber Attack Risks
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
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Norwegian Companies Plan Omny, a New Software Security Venture, to Fight Cyberattacks Risk
Norwegian firms Telenor, Aker ASA and Cognite have planned to launch Omny, a new software security company, to help companies protect their industrial assets from an increased cyberattack risk.
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BNY Mellon Ropes in Blockchain Analysis Firm Chainalysis to Monitor User Transactions
Blockchain data platform Chainalysis recently announced that the company has joined hands with the Bank of New York Mellon Corporation (BNY Mellon), to provide a suite of compliance software and help the custodian bank track, record, and make use of the data surrounding crypto assets.
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Peter Jackson Sells Oscar-Winning Special Effects Firm Weta Digital in $1.6-Billion 'Metaverse' Deal
Peter Jackson announced the sale of his Oscar-winning Weta Digital special effects business to a US software firm intent on using it to develop the virtual-reality "metaverse."
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Bitcoin, Cryptocurrencies Post Fifth Straight Week of Outflows Amid Heightened Global Regulatory Scrutiny
Bitcoin investment products and funds registered outflows for a fifth consecutive week, as investor sentiment remained cautious in the midst of increased global regulatory scrutiny, data from digital asset manager CoinShares showed.
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MicroStrategy CEO Michael Saylor Bullish on Bitcoin Despite Paper Loss
Bitcoin's largest corporate investor MicroStrategy has decided to continue to pour money into its “digital asset strategy” despite taking a loss. The US-based business intelligence software developer said the current value of its Bitcoin holdings was $2.051 billion (roughly Rs. 15,255 crores), that was a cumulative impairment loss of $689.60 mi...
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TikTok Buyers Said to Pursue Four Options in Effort to Revive Talks
TikTok's prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance, which include buying the app's U.S. operations without key software, after Beijing stalled a deal which could be worth $30 billion, sources said.
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Swarms Of Indian Drones Being Designed To Take Out Targets Like Balakot
A team of engineers and software experts at state-run Hindustan Aeronautics Ltd and NewSpace Research and Technologies, a Bengaluru based start-up looking at next-generation aviation technologies, is working furiously to fly the first Indian swarm drone prototypes in two years. The drones have a name - ALFA-S or Air-Launched Flexible Asset (Swarm).
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CBI Techie Charged For Amassing Illegal Assets Of Over 96 Lakhs
An assistant programmer of the CBI, who was arrested for allegedly selling an illicit software to penetrate 'tatkal' railway ticket reservation, has been booked in a fresh case for amassing assets to the tune of Rs 96.09 lakh which were disproportionate to his legitimate sources of income, officials said today.
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Pebble Shuts Down as Fitbit Buys Smartwatch Pioneer’s Software; Pebble Time 2, Pebble Core Cancelled
Pebble has been shut down as market leader Fitbit acquired its software assets and key personnel; terms of the Fitbit-Pebble deal have not been announced.
-
FTX Seeks to Claw Back Over $240 Million From Embed Acquisition
Bankrupt crypto exchange FTX is seeking to claw back more than $240 million (nearly Rs. 2,000 crore) it paid for stock trading platform Embed, saying former FTX insiders did no investigation before buying the essentially worthless bug-ridden software platform. FTX closed on the Embed acquisition just six weeks before the crypto exchange collapsed ...
-
FTX Collapse: Secret Software Change Allowed Sam Bankman-Fried's Crypto Exchange to Use Client Funds
FTX, the crypto exchange that collapsed last month, received a change to its software in 2020 that allowed the exchange to use client funds. The software tweak exempted Alameda Research from a feature that would sell of its assets if it lost too much borrowed money, allowing to keep borrowing funds from FTX irrespective of the value of the collater...
-
Visa Files for Fresh Trademarks That Hint at Crypto Wallet, Metaverse Ambitions
According to new documents, payments giant Visa is filing trademark applications to create a digital assets exchange, a crypto wallet, non-fungible tokens (NFTs), and virtual environments where users can interact.
-
Asset Managers Tighten Controls on Personal Communication Amid ‘WhatsApp’ Crackdown on Banks
Asset managers have begun to tighten controls related to the use of personal communications tools for interacting with clients, as part of a move to comply with rules set by regulators. Last month Britain's Information Commissioner's Office (ICO), the country's top data protection watchdog, called for a review of the use of WhatsApp, private emails...
-
Norwegian Software Venture Targets Rising Cyber Attack Risks
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
-
Norwegian Software Venture Targets Rising Cyber Attack Risks
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
-
Norwegian Companies Plan Omny, a New Software Security Venture, to Fight Cyberattacks Risk
Norwegian firms Telenor, Aker ASA and Cognite have planned to launch Omny, a new software security company, to help companies protect their industrial assets from an increased cyberattack risk.
-
BNY Mellon Ropes in Blockchain Analysis Firm Chainalysis to Monitor User Transactions
Blockchain data platform Chainalysis recently announced that the company has joined hands with the Bank of New York Mellon Corporation (BNY Mellon), to provide a suite of compliance software and help the custodian bank track, record, and make use of the data surrounding crypto assets.
-
Peter Jackson Sells Oscar-Winning Special Effects Firm Weta Digital in $1.6-Billion 'Metaverse' Deal
Peter Jackson announced the sale of his Oscar-winning Weta Digital special effects business to a US software firm intent on using it to develop the virtual-reality "metaverse."
-
Bitcoin, Cryptocurrencies Post Fifth Straight Week of Outflows Amid Heightened Global Regulatory Scrutiny
Bitcoin investment products and funds registered outflows for a fifth consecutive week, as investor sentiment remained cautious in the midst of increased global regulatory scrutiny, data from digital asset manager CoinShares showed.
-
MicroStrategy CEO Michael Saylor Bullish on Bitcoin Despite Paper Loss
Bitcoin's largest corporate investor MicroStrategy has decided to continue to pour money into its “digital asset strategy” despite taking a loss. The US-based business intelligence software developer said the current value of its Bitcoin holdings was $2.051 billion (roughly Rs. 15,255 crores), that was a cumulative impairment loss of $689.60 mi...
-
TikTok Buyers Said to Pursue Four Options in Effort to Revive Talks
TikTok's prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance, which include buying the app's U.S. operations without key software, after Beijing stalled a deal which could be worth $30 billion, sources said.
-
Swarms Of Indian Drones Being Designed To Take Out Targets Like Balakot
A team of engineers and software experts at state-run Hindustan Aeronautics Ltd and NewSpace Research and Technologies, a Bengaluru based start-up looking at next-generation aviation technologies, is working furiously to fly the first Indian swarm drone prototypes in two years. The drones have a name - ALFA-S or Air-Launched Flexible Asset (Swarm).
-
CBI Techie Charged For Amassing Illegal Assets Of Over 96 Lakhs
An assistant programmer of the CBI, who was arrested for allegedly selling an illicit software to penetrate 'tatkal' railway ticket reservation, has been booked in a fresh case for amassing assets to the tune of Rs 96.09 lakh which were disproportionate to his legitimate sources of income, officials said today.
-
Pebble Shuts Down as Fitbit Buys Smartwatch Pioneer’s Software; Pebble Time 2, Pebble Core Cancelled
Pebble has been shut down as market leader Fitbit acquired its software assets and key personnel; terms of the Fitbit-Pebble deal have not been announced.
