Paris 16:05 (CEST) Sun 22/05     |     Silicon Valley 07:05 (PDT) Sun 22/05

Our stablecoin is now backed in part by non-US Government bonds- Tether

Tether, the issuer of the stablecoin, has claimed that its stablecoin is partially backed by non-US Government bonds. In its recent “attestation” report, the company equally said its holdings of U.S. Treasurys grew from 13% to $39.2 billion in the...

Meta freezes hiring for certain engineering roles while pausing the hiring of recruiters and low-level data scientists.

Meta is freezing hiring for some engineering roles and has stopped hiring recruiters and low-level data scientists. While the hiring freeze has made staff fear they might be laid off, the Meta CEO, Mark Zuckerberg, has downplayed layoff. In an...

This week in apps; major events you need to know.

Google’s new ‘multi-search’ attributes hint at AR glasses’ future Google introduced a new “multi-search” feature in April that provides a way to search the web with both images and text at the same time.  On Monday, during Google’s I/O developer...

APPLE dethroned by Saudi  Aramco as the most valuable company

Saudi Arabian oil company, Aramco, has surpassed Apple by becoming the most valuable company. The development is a result of surging oil prices and increased shares while tech giant’s stocks keep plummeting.  Aramco is Saudi Arabia’s national petroleum and natural...

LUNA CRASHES FROM $100 to below $1 

Today is a sad and tumultuous day for cryptocurrency investors, and enthusiasts as the price of the LUNA coin hits the slopes.  Concurrently, the LUNA cryptocurrency has been losing a greater part of its value this week. On Tuesday, 50%...

innovation

How France geared up to become a global innovation powerhouse

Over the last few years, France has geared up to become a global innovation powerhouse. The European nation has become an enigma in innovation and entrepreneurship and has turned into a haven for startups. The western nation is now seeing itself as...

Moxi, a hospital robot helping to combat nurse burnout

Moxi, a hospital robot, is helping to combat nurse burnouts at Mary Washington Hospital in Fredericksburg, Virginia. Moxi, which is about a 6-foot-tall, offers assistance to the nurses as it ferries supplies, medication, lab samples, and individual items via the...

finance

Our stablecoin is now backed in part by non-US Government bonds- Tether

Tether, the issuer of the stablecoin, has claimed that its stablecoin is partially backed by non-US Government bonds. In its recent “attestation” report, the company equally said its holdings of U.S. Treasurys grew from 13% to $39.2 billion in the...

Jack Dorsey outlines Block’s bitcoin-centric future; Block is no longer just a payment firm.

On Wednesday, the Block executives, on its first investor day in five years, agreed that the company no longer wants to be seen as only a payment platform. The firm based in San Francisco held its investor day on Wednesday...

intellectual-property

Google will remove news previews from search results in France, to avoid paying publishers

Google has opted to no longer display excerpts of news articles from European publishers in its search results in France, in order to avoid paying the publishers, as required by new EU copyright rules, according to Politico.  Article 15 of the...

#FRENCHTECHFRIDAY: Why France’s startups can no longer “Pitch”

A strange battle is taking place in France right now. A cake maker is threatening startups of legal action for using the word “pitch”. This could seem like a comical slip-up if it weren’t, in fact, tragic for France’s image...