The popular crypto exchange Binance has recently been forced to suspend all spot trading, deposits, and withdrawals as a result of a major bug in their system. The platform freeze, which lasted for around an hour, occurred on Mon May 11 at 4:30 UTC. Binance quickly identified the source of the issue and recommenced operations… Continue reading Daily Crunch
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Daily Crunch: In SEC filing, Accenture reveals plans to dismiss 19,000 workers over the next 18 months
Accenture, a global professional services company, filed with the U.S. Securities and Exchange Commission (SEC) to disclose plans to downsize its workforce by nearly 20,000 people over the next 18 months. This was revealed in a recent SEC filing, which was released on February 14th and comes at a time when the company is simultaneously… Continue reading Daily Crunch: In SEC filing, Accenture reveals plans to dismiss 19,000 workers over the next 18 months
Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy
Silicon Valley Bank’s parent company, SVB Financial Group, announced yesterday that it has filed for Chapter 11 bankruptcy with just $2.2 billion in remaining liquidity. This news comes as a huge shock to the financial world, as SVB Financial Group had been seen as a major player in the industry and a reliable source of… Continue reading Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy
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The news that Silicon Valley Bank has gone bust was one of the biggest stories in the financial world this past week. Regulators have taken control of $175 billion or more in deposits from the failed bank, resulting in shock waves through the banking and technology industries. This is a major setback for the many… Continue reading Daily Crunch
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The intense competitive scene that has emerged from online gaming has been a source of both amazement and confusion in recent years. Now, one game developer is demonstrating the lengths they will go to in order to ensure fair competition, having recently taken the drastic step of banning over 6,700 cheaters and publishing their usernames… Continue reading Daily Crunch
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Japanese marketing technology firm Geniee recently acquired British start-up Zelto for an estimated $70 million. This acquisition is just one of the many deals that Geniee has been involved in this year as the company has worked to strengthen its presence in the European market. Geniee is a company based in Japan that specializes in… Continue reading Daily Crunch
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Warner Bros. Discovery, Inc. (WBD), one of the world’s largest media and entertainment conglomerates, has reported a net loss of $2.1 billion in its fourth quarter earnings for the period ending December 31, 2022. The loss is significantly higher than analysts had expected and has also dampened investors’ enthusiasm for the stock. The latest results,… Continue reading Daily Crunch
Daily Crunch: Sources say Times Internet plans to sell Indian streaming platform MX Player to Amazon
The streaming wars are heating up in India. Sources close to the matter are reporting that Times Internet, the digital arm of The Times Group, plans to sell its streaming platform, MX Player, to Amazon. The potential deal is estimated to be worth several hundred million dollars and would see Amazon acquiring one of India’s… Continue reading Daily Crunch: Sources say Times Internet plans to sell Indian streaming platform MX Player to Amazon
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Today, Google announced the global rollout of its new AI-powered ‘multi-search’ service on mobile devices. This new search feature is designed to provide users with more tailored results for their queries. Google has long been an industry leader in the development of Artificial Intelligence (AI) solutions for its products, and the multi-search service is the… Continue reading Daily Crunch
Daily Crunch: Cell network provider Google Fi confirms customer data breach
Google Fi, the cell network provider owned by Google, has recently confirmed a customer data breach, leading to stolen personal information. This incident has sparked concerns over the safety of user data, especially since the company was believed to be one of the most secure networks on the market. Google Fi notified their customers of… Continue reading Daily Crunch: Cell network provider Google Fi confirms customer data breach