Bittrex, a popular crypto trading exchange, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware. This move comes three weeks after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Bittrex and its co-founder and former CEO, William Shihara. The SEC charged the exchange…
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Ryanair Orders 150 Boeing 737 Max 10 Planes After Resolving Pricing Dispute
Ryanair has announced its intention to purchase at least 150 Boeing 737 Max 10 planes, with an option to purchase an additional 150 planes, in what is the airline’s largest-ever order.
Bank of Canada seeks public input on digital currency plan
The Bank of Canada (BoC) is asking Canadians for their views on how a digital version of the national currency could look and function, as part of its research on the potential benefits and risks of issuing a digital Canadian dollar. The BoC launched a public consultation on Monday, inviting Canadians to share their opinions…
UK Government Eyes Crypto Wallets of Tax Evaders
The UK government is reportedly exploring the possibility of giving the HM Revenue & Customs Department (HMRC) the authority to access digital assets from online wallets of companies that owe tax. The proposal comes as part of new regulations that aim to normalize digital asset payments. UK Taxpayers Could Pay $12 Million More in Crypto…
Samsung Ranks Second in Global Tablet Market, Leads Android Segment
Samsung has once again secured the second position in the global tablet market. According to IDC’s latest report, the South Korean tech giant shipped 7.1 million tablets in the first quarter of 2023, which is a 14.3% drop compared to the same period last year. Although Samsung has seen a decline in tablet shipments, it…
Qualcomm acquires Israeli chipmaker Autotalks to boost road safety
Qualcomm Inc, the U.S. chip giant, announced on Monday that it would acquire Autotalks Ltd, an Israeli company that specializes in vehicle-to-everything (V2X) communications technology. V2X technology enables vehicles to communicate with each other and with the surrounding infrastructure, such as traffic lights and signs, to prevent collisions and improve traffic efficiency. V2X is seen…
Alibaba’s logistics arm eyes up to $2 billion Hong Kong IPO in 2024
Alibaba’s logistics arm Cainiao Network Technology is aiming to raise up to $2 billion via a listing in Hong Kong likely early next year bolstering hopes for a capital markets revival in the Asian financial hub. According to Reuters, Cainiao’s initial public offering (IPO) plan comes after Alibaba announced in late March that it would…
Crypto broker Voyager Digital to liquidate assets and wind down business
Voyager Digital, a crypto broker that filed for bankruptcy last year, has announced that it will liquidate its assets and wind down its business. The decision comes after failed attempts to sell the company to FTX US and Binance US due to regulatory hurdles and other issues. The company’s customers will be able to recover…
Binance halts Bitcoin withdrawals twice in a day due to network congestion
Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended Bitcoin withdrawals for the second time in a day, citing a surge in the Bitcoin network gas fee. The exchange announced on Twitter that it has paused “large volumes of pending transactions” and that its team is working to resume Bitcoin withdrawals as soon…
Deloitte launches blockchain-based digital wallet for verification credentials
Deloitte, one of the Big Four accounting firms, has announced the integration of blockchain technology to enable its customers to store verification credentials in a single digital wallet. The credential wallet, which is provided as a browser extension, will allow customers to streamline the “typically inefficient” verification processes such as Know Your Customer (KYC) and…
Oppo A98 5G: High-Resolution Renders and Specs Leak Online
Chinese smartphone maker Oppo’s upcoming device, the Oppo A98 5G, has been making its way through the certification process for some time now, and it seems the device is now closer to its launch. The smartphone has been subject to multiple leaks in recent weeks, including a massive specs leak, and now, high-resolution renders of…
Samsung’s unreleased mid-range phone, Galaxy F54 5G, spotted in online benchmark
Samsung’s new mid-range smartphone, the Galaxy F54 5G, has made an appearance in an online performance benchmark, hinting at its upcoming release. This latest leak follows the accidental release of a support page on Samsung’s India website last month that gave away the same model number. According to the benchmark, the Galaxy F54 5G runs…