Investment bubbles occur not because people can’t spot the importance of a technology, but because they misunderstand the nuances of the market that provide it. Last week, Nvidia published its blockbuster earnings. In the three months to January, revenue rose 265 per cent to $22.1bn, which was way ahead of analyst expectations. In the last year,...
ABU DHABI (Reuters) – Abu Dhabi’s Mubadala Investment Co will deploy significant capital into artificial intelligence and space technology this year, its managing director said on Wednesday, committing the sovereign wealth fund to investing more in the United States. Khaldoon Mubarak told an investor conference in Abu Dhabi that sovereign wealth funds had an opportunity...
The European Bank for Reconstruction and Development (EBRD) has invested in Dgpays, a fast-growing technology firm in Türkiye with a software platform that provides payment and banking infrastructure to large companies. The Bank is investing alongside Truffle Capital, a French venture capital fund with a strong track record in fintech investments. This is a follow-on investment for...
The ETH crypto has recently emerged as a true catalyst for market shakes. With an impressive rally that has captivated the attention of investors and DeFi enthusiasts, Ethereum seems to be redefining the bounds of the possible in the crypto universe. A Rush to $3,500 for Ethereum: Beyond Expectations The ETH crypto has embarked on...
Federal judge in Texas says new requirement would cause ‘irreparable injury’ to industry amid surging electricity usage The US government has suspended its effort to survey cryptocurrency mining operations over their ballooning energy use following a lawsuit from an industry that has been accused by environmental groups of fueling the climate crisis. A federal judge...
Dog-themed cryptocurrency Dogecoin DOGEUSD has scored a big new listing. The dog coin, which has seen a surge in popularity and adoption since its inception in 2013, has secured a new listing on Bitflyer, one of the largest crypto exchanges in Japan. Bitflyer announced the positive listing news on its official X/Twitter handle today. The translation of...
(Luxembourg, 27 February 2024) – In the context of a large-scale investigation led by the European Public Prosecutor’s Office (EPPO) in Palermo (Italy), several searches, arrests and seizures took place between Saturday and Monday, in a probe into an alleged criminal association suspected of aggravated VAT fraud involving beverages and EU funding fraud. The Italian Financial...
Recycling Services Alliance must pay $140.5 million under the state of California’s final decision in a yearslong bottle and can smuggling case. Sacramento-based Recycling Services Alliance and its operations manager, Maximina Perez, previously agreed to pay criminal judgments of $53.9 million in an earlier plea deal. A final agency decision from the California Department of...
Many have wondered what made former Russian President Dmitry Medvedev, known as a “liberal”, into the most ardent supporter of the special invasion. The change is multifaceted, but as Russia’s independent media tracked investigations in recent months, Dmitry Medvedev’s son Ilya Medvedev and Russian billionaire Igor Yusul The Fauve family’s entanglements and their failed investments...
TOPLINE Former President Donald Trump and his co-defendants filed notice they’re appealing the ruling in the civil fraud case against the ex-president and his company on Monday—and the penalty he has to pay will keep increasing in the meantime, as a nine percent interest rate on the judgment means Trump’s bill will keep ticking up by more...