The KYC (Know Your Customer) data of thousands of Binance users have been reportedly hacked and the IDs are being posted in a Telegram chat group. CZ described rumors circulating as an attempt to spread “FUD”.
Online payments firm Klarna, which has attracted a growing following with its “buy now, pay later” service for shoppers, said it had raised $460 million in a funding round that makes it Europe’s most valuable fintech startup.
Disney missed Wall Street expectations in its Q3 earnings report. DIS stock fell 3.7% in after-hours trading. Disney blamed the earnings miss on the ongoing integration of Fox’s entertainment assets, which it acquired in a $71B deal closed in March.
Tesla (TSLA) project Dojo was revealed during the recent Tesla Autonomy Investor Day held a few weeks ago. Elon Musk mentioned the Dojo as the key to labeling visual data, which is currently a very difficult task.
Following China’s extreme devaluation of the Yuan, the U.S. Treasury Department has labeled China a “currency manipulator.” Global stocks are already taking hits and economists believe a global recession is likely.
Fed announced creating a system that would allow consumers and businesses to send and receive money instantaneously allowing any U.S. bank to immediately complete debits, virtual transfers and checks.
Huawei is in the process of creating its own proprietary operating system called Hongmeng. It is expected that they will release a 2,000-yuan (roughly $290) Hongmeng-powered phone in the fourth quarter.
Just recently, Fever, a startup which helps companies to plan events, has announced that they have raised $35 million. The funding round was led by Rakuten Capital and the funds will be used for further Fever expansion.
Google slashed $300 off the price of its premium flagship Pixel 3 and Pixel 3 XL phones, bringing them to the lowest price in recent memory. Pixel 3 phones now cost between $100 and $120 more than the mid-range Pixel 3a phones.
Coinbase Custody will serve as the custodian for Grayscale’s single-asset investment products including digital currencies and publicly listed funds such as Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.
Amazon discontinued its push-to-order physical Dash buttons earlier this year, and now is completely shuttering the program, with the company set to stop taking orders from any Dash buttons left starting on August 31st.
Fortnite superstar Tyler “Ninja” Blevins left Twitch and is taking his video game live streams to Microsoft’s Mixer platform, a stunning switch that could have wide-ranging consequences for the rapidly growing industry.
Square has just published its quarterly report for the second quarter of 2019. The report shows that the company generated $125 million in Bitcoin sales through its Cash App.
The forces of digital banks and fintechs like Revolut and N26 are converting bank halls into museum primarily due to their massive adoption by users. Their key selling point is to upgrade your incumbent banks into self-driving money.
Rebel Foods, Mumbai based restaurant quietly raised whopping $125 million cash and is expanding rapidly. The restaurant bounces back after almost shutting its doors, and is currently valued at $535 million startup.