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Technology

Technology

Bahamas regulators confirm they’re holding some of FTX’s assets

FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection...

by admin November 18, 2022
Bahamas regulators confirm they're holding some of FTX's assets
Technology

Tech layoffs are not a bellwether for broader cuts in other industries, Morgan Stanley analysts say

Small toy figures are seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken, October 28, 2021. Dado Ruvic |...

by admin November 18, 2022
Tech layoffs are not a bellwether for broader cuts in other industries, Morgan Stanley analysts say
Technology

Crypto firm Multicoin expects contagion from FTX to wipe out many trading firms in coming weeks

FTX logo displayed on a phone screen and representation of Bitcoin cryptocurrency are seen in this illustration photo taken in Krakow, Poland on November...

by admin November 18, 2022
Crypto firm Multicoin expects contagion from FTX to wipe out many trading firms in coming weeks
Technology

Amazon CEO Andy Jassy says layoffs will continue into next year

Amazon had already implemented a hiring freeze in its corporate workforce as it looks to slow headcount growth. The company is still hiring warehouse...

by admin November 17, 2022
Amazon CEO Andy Jassy says layoffs will continue into next year
Technology

Elon Musk sets more in-office requirements at Twitter, threatens lax managers

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention...

by admin November 17, 2022
Elon Musk sets more in-office requirements at Twitter, threatens lax managers
Technology

FTX suggests Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy: Filing

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David...

by admin November 17, 2022
FTX suggests Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy: Filing
Technology

Chinese takeover of the UK’s biggest chip plant blocked on national security grounds

The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai...

by admin November 16, 2022
Chinese takeover of the UK's biggest chip plant blocked on national security grounds
Technology

Nvidia revenue falls 17% but data center growth remains strong

Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in...

by admin November 16, 2022
Nvidia revenue falls 17% but data center growth remains strong
Technology

Elon Musk says in court that he doesn’t want to be CEO of any company and tries to walk back SEC insults

Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Elon Musk...

by admin November 16, 2022
Elon Musk says in court that he doesn't want to be CEO of any company and tries to walk back SEC insults
Technology

Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads

FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection...

by admin November 16, 2022
Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads
Technology

Amazon starts cutting jobs, with layoffs hitting Alexa unit and cloud gaming division

Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder...

by admin November 16, 2022
Amazon starts cutting jobs, with layoffs hitting Alexa unit and cloud gaming division
Technology

From $32 billion to criminal investigations: How Sam Bankman-Fried’s empire vanished overnight

Samuel Bankman-Fried’s poster in downtown San Francisco. MacKenzie Sigalos | CNBC The Kimchi Swap put Sam Bankman-Fried on the map. The year was 2017,...

by admin November 15, 2022
From  billion to criminal investigations: How Sam Bankman-Fried's empire vanished overnight
Technology

Microsoft, Meta and others face rising drought risk to their data centers

Drought conditions are worsening in the U.S., and that is having an outsized impact on the real estate that houses the internet. Data centers...

by admin November 15, 2022
Microsoft, Meta and others face rising drought risk to their data centers
Technology

Crypto.com customers worry it could follow FTX, as CEO tries to reassure them everything’s fine

The logo of Crypto.com is seen at a stand during the Bitcoin Conference 2022 in Miami Beach, Florida, April 6, 2022. Marco Bello |...

by admin November 15, 2022
Crypto.com customers worry it could follow FTX, as CEO tries to reassure them everything's fine
Technology

Musk tells Twitter employees they can still receive stock even though the company is private

In this illustration, Elon Musk’s Twitter account is displayed on the screen of a mobile phone with the Twitter logo in the background. A...

by admin November 14, 2022
Musk tells Twitter employees they can still receive stock even though the company is private
Technology

Washington lobbyists sever ties with FTX founder Sam Bankman-Fried after crypto exchange implodes

CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December...

by admin November 14, 2022
Washington lobbyists sever ties with FTX founder Sam Bankman-Fried after crypto exchange implodes
Technology

Amazon reportedly plans to lay off about 10,000 employees starting this week

Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New...

by admin November 14, 2022
Amazon reportedly plans to lay off about 10,000 employees starting this week
Technology

Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise

Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images The boss...

by admin November 14, 2022
Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise
Technology

Twitter cuts a large number of contract workers without giving internal teams a heads up

In this photo illustration a Twitter logo seen displayed on a smartphone screen with Elon Musk Twitter in the background in Athens, Greece on...

by admin November 13, 2022
Twitter cuts a large number of contract workers without giving internal teams a heads up
Technology

Sen. Ed Markey hits back at Elon Musk after his response to questions about impersonation

Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. Dado Ruvic...

by admin November 13, 2022
Sen. Ed Markey hits back at Elon Musk after his response to questions about impersonation
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