Insurers will have to bear the risk of getting grain out of Ukraine

The Russian foreign minister, Sergei Lavrov, and the Turkey foreign minister, Mevlüt Çavuşoğlu, met in Ankara on June 8 to discuss a grain shipping deal.  This deal would create a way for ships to transport grain out of Ukraine. A deal like this would be great for the current state of food security globally. Lavrov and Çavuşoğlu discussed an […]

<strong>Broadcom acquires cloud service provider VMware for $61 billion </strong>

Broadcom acquires cloud service provider VMware for $61 billion 

Earlier this week, a report on Reuters announced Broadcom Inc‘s plans to acquire multi-cloud service provider VMware Inc for $60 billion.  The global chipmaker just made good on its plans. But this time, VMware was valued at $61 billion.   VMware was bought in a cash-and-stock transaction to help Broadcom venture into the enterprise software space. […]

<strong>Ex-Binance executives launch a $100M Crypto fund.</strong>

Ex-Binance executives launch a $100M Crypto fund.

As the largest cryptocurrency exchange in the world, Binance is known for hiring the best. A group of former executives recently launched a $100 million venture fund.   This venture fund is called Old Fashion Research (OFR). It focuses on the Metaverse and was created to bring more Crypto adoption to regions with emerging markets.  These […]

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 2022 first quarter. For the amount of commercial paper, Tether fell from 17% to $20.1 […]

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 and made its case to Wall Street that its money app, Crypto, and music-streaming businesses […]

ARIANEE secures $21 million to ownership NFTs using physical luxury goods

Arianee, an NFT company in France, has secured $21 million in funding during a series A round led by Tiger Global.  With the amount, the company is set to partner with Sandbox on a project to boost customer relationship management (CRM) on the Metaverse.  Arianee’s Ethereum NFTs have gone through testing and acquisition by several […]

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 gas company. Currently, it’s viewed as the largest oil company in the world.  At the […]

Legaltech provider Evisort discloses $100 million in funding, led TCV

Evisort, a prominent company in contract management and analysis made a public announcement today over a $100 million capital raised in funding for the year. It also includes equity and ventures debt financing.  The company develops AI-powered software for legal firms. And helps companies analyze contract proceedings and documentation.  The project’s series C funding was […]

Crowdcube is launching its equity crowdfunding solutions in France.

Equity crowdfunding is more popular in the US or UK than in France as few French startups turn to their user communities to raise new funding. Now, Crowdcube is bringing its equity crowdfunding solutions to France. Due to the latest regulatory changes, Crowdcube, a British investment platform, is officially launching in the French market. It […]

US Stock hits rock bottom.

Today, the US stock has regressed in the new market week. Investors are on the brink after multiple trials to rebound the market structure in previous weeks. Investors are keeping an owl’s sight on the inflation and consumer spending amidst the federal reserves. On Monday, the S&P 500 dipped at a rate of 0.7% at […]