Modus Africa, An AI And Blockchain-focused $75 Million Fund Has Been Launched In Africa
Modus, a New York-based venture platform has launched a venture capital fund for startups in the AI and blockchain category...
The IFC Wants To Back Early-stage Startups In Africa, Asia, And The Middle East With A Newly-launched $225 Million Platform
The International Finance Corporation (IFC) announced today that it has launched a $225 million platform targeted at backing early-stage startups...
Amazon’s Founder Jeff Bezos Reveals Plans To Give Away Most Of His Fortune
Amazon’s founder Jeff Bezos has revealed to give away most of his fortune. The new revelation came in a recent...
Are Central Bank Digital Currencies A Threat To Cryptocurrencies?
Central Bank Digital Currencies (popularly referred to as CBDCs) have gained increasing popularity. When they first appeared, they were argued...
Twitter Blue Suspended After Controversial Start
Elon Musk-owned Twitter has paused its Twitter Blue service pegged at $7.99 a month. The latest development comes after several...
FTX Files For Bankruptcy As CEO Sam Bankman-Fried Resigns
According to a statement the company shared on Twitter, FTX has filed for Chapter 11 bankruptcy in the US. The...
Chipmaker SMIC Misses Third Quarter Estimate, Warns That Weak Demand Alongside Other Factors Would Affect Its Fourth Quarter Results
Chipmaker Semiconductor Manufacturing International Corp (SMIC) reported its third-quarter earnings results on Thursday and missed estimates. The company also warned...
Blnk, An Egyptian Fintech Startup Providing Customer Credit, Secures $32 Million Funding In Debt And Equity
Egyptian fintech platform Blnk, a startup that provides instant consumer credit for Egyptians has raised $32 million in what is...
Bumble Had A Tough Third Quarter, Shares Dip On Weak Fourth Quarter Forecast
Displays outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq...
Binance Abandons Deal To Acquire FTX
The world’s biggest cryptocurrency exchange Binance has announced that it had rescinded its decision to acquire rival exchange FTX, leaving...