InterWest Partners led the Series C funding round for content marketing platform NewsCred which raised $25 million. NewsCred's existing backers also participated in the round.
Bangladesh
WowBox Lifestyle Wows Almost 5M Users
WoxBox users has increased to 5 million users. The youth has been fond of it because of its extra-ordinary features. The app has become the most used app in Bangladesh.
Bangladesh Bank Mulls For Lawsuit Against New York Fed
The Federal Reserve Bank of New York has denied any responsibility over the $81 million cyber heist from the current account of Bangladesh Bank. But a BB audit report observes NY Fed responsible since it implemented five payments instructions out of thirty five leaving many questions behind. Following the internal report BB is getting prepared to file lawsuit against Fed.
Bangladesh Bank Governor Resigns Over Biggest Ever Cyber Heist Scandal
The Bangladesh Bank Governor has tendered his resignation to the country’s prime minister following cyber theft of $81 million. He claims to remain in dark till the news got published in the media. The theft incident has turned an end to his seven years’ tenure as the central bank governor which has been dedicated to alleviation of poverty.
Bangladesh Central Bank Lost $100 Million From Its New York Fed Account, Claimed That It’s Been Hacked
The Bangladesh central bank said that it has lost $100 million from its account at the Federal Reserve Bank of New York, later discovered to be transferred to the Philippines banking system. The central bank claimed that the Fed’s system was hacked, although the New York Fed denied that there was any hacking attempt made regarding that transaction.
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A report from the UN Food and Agriculture Organization revealed that political will and farmer involvement are crucial for biotech research and innovation to succeed in reducing poverty in developing countries.
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