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FBI reports Hive ransomware has extorted $100M from 1,300+ businesses
A joint report from the Federal Bureau of Investigation and the Cybersecurity and Infrastructure Security Agency released Thursday revealed that the Hive ransomware gang extorted more than 1,300 businesses for over $100 million in payments since June 2021. In addition to ransoming businesses for money using ransomware, a type of malware that takes control of ...
Productivity web browser startup SigmaOS raises $4M
U.K.-based startup SigmaOS Inc. announced Wednesday that it has raised $4 million in seed funding led by Localglobe to help people become more productive with a web browser designed specifically for focusing on work and productivity. Investors from Y Combinator, 7percent Ventures, Moonfire Ventures, Shine VC, TrueSight Ventures, Pioneer Fund and Venture Together also participated ...
New FTX CEO calls lack of corporate controls ‘unprecedented’ in bankruptcy filing
In a new filing with a Delaware bankruptcy court, newly appointed FTX Chief Executive John J. Ray III said that never in his 40-year legal career of restructuring experience has he seen such large corporate failure as what happened to the cryptocurrency exchange. FTX Trading Ltd., once the world’s third-largest crypto exchange, filed for Chapter ...
Qualcomm announces Snapdragon AR2 chipset to power next-gen augmented reality
Qualcomm Technologies Inc. today unveiled a new chipset platform for augmented reality glasses, the Snapdragon AR2 Gen 1 Platform, to power the next generation of wearables and make them lighter and lower-power. The chipmaker revealed the new platform during this year’s Snapdragon Summit after announcing its next flagship chipset for mobile phones, the Snapdragon 8 ...
Matter Labs raises $200M for zkSync Ethereum scaling solution
Matter Labs, the development team behind the Ethereum scaling solution zkSync, today announced that it has raised $200 million in new funding to launch new projects and continue to grow its team. Blockchain Capital and Dragonfly Capital co-led the Series C funding round, with participation from Variant, a16z and Lightspeed Venture Partners. This additional funding ...
Contentstack raises $80M for its ‘headless’ content management system
Content management system provider Contentstack Inc. today said that it has raised $80 million in new funding to help enterprise companies meet their demands for customizable content delivery. Canadian investment firm Georgian and Insight Partners co-led the Series C funding round with participation from Illuminate Ventures. This funding follows the company’s $57.5 million Series B ...
Amazon launches message-based virtual healthcare clinic for common ailments
Amazon Inc. said today it’s launching a new virtual healthcare option for its customers called Amazon Clinic that will offer treatments for more than 20 “common health conditions.” The new virtual care clinic does not require a video visit or live chat and allows a clinician to review symptoms and prescribe treatment. Categories of health conditions include ...
Quix raises $12.9M to enable real-time data streaming for app developers
The event-driven engineering startup Quix Analytics Ltd. today announced that it has raised $12.9 million in new funding to provide real-time data streaming for applications. The Series A funding round was led by MMC Ventures with participation from existing investors Project A Ventures and Passion Capital. Using Quix’s platform, application developers can get access to ...
Binance CEO calls for regulation, announces crypto ‘industry recovery fund’ after FTX collapse
Changpeng “CZ” Zhao, chief executive of the cryptocurrency exchange Binance Ltd., said in a tweet early this morning that the company will launch what he terms an “industry recovery fund” to help save projects facing liquidity problems. “To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects ...
Crypto exchange FTX files for Chapter 11 bankruptcy as CEO steps down
Sam Bankman-Fried’s cryptocurrency exchange FTX Trading Ltd. filed for Chapter 11 bankruptcy in the United States, according to a statement published today on Twitter. Bankman-Fried also resigned as chief executive and has been replaced by John J. Ray III, the attorney who oversaw the liquidation of Enron. According to the statement, an additional 130 affiliated ...