Polyhedra Network secured $20M in funding, led by Polychain Capital and Animoca Brands, for a valuation of $1B. Innovative zero-knowledge proofs drive its global expansion in Web 3 infrastructure.
Finance/Venture
Federal Reserve and European Central Bank Aim for Major Interest Rate Cuts in 2024, Says BIS Chief
Federal Reserve and European Central Bank are set for major interest rate cuts, with BIS Chief Carstens noting progress in addressing inflation while cautioning central bankers to remain vigilant.
SpaceX Reportedly Building $1.8 Billion Spy Satellite Network for US Intelligence
The "secret" SpaceX project involves a sophisticated network of surveillance or spy satellites for US intelligence, supported by a $1.8 billion contract with the NRO, aiming to improve national security by detecting potential threats worldwide.
Warren Buffett-Led Berkshire Hathaway Raises Pay for the 93-Year-Old Billionaire's Successor Greg Abel to $20 Million
The Warren Buffett-led conglomerate Berkshire Hathaway has increased the pay of Greg Abel, the 93-year-old billionaire's designated successor, to $20 million.
Japan Expanding QR Code Payments Globally by 2025, Talks Underway in Southeast Asia
Japan's QR code payment expansion targets global adoption by 2025, aiming to streamline cross-border transactions and strengthen ties with Southeast Asia, countering China's influence.
Latest News
Shorecliff Asset Management, co-founded by Grant Nachman and Anthony La Lota, tripled its assets to over $500 million. It pivots towards higher-quality credit investments and achieves remarkable returns.
Car insurance prices are increasing at an alarming rate, and hundreds of thousands of drivers are expected to see a rate hike of nearly 20% this year.
Chubb CEO Evan Greenberg has defended the company's decision to provide former President Donald Trump with a $91.6 million appeal bond in E. Jean Carroll's defamation case.
Enterprise organizations are routinely seeking new ways to drive transformation. Recently, market conditions have created a disproportionate advantage for corporates to pursue this transformation by partnering with startups for mutual benefits. The VC ecosystem is more risk-averse, demanding validation of startups' business models via product-market fit, profitability, and commercialization.
UBS reportedly began cutting off Asia private banking personnel as the largest wealth manager in the region struggled with declining revenues.
JPMorgan Chase CEO Jamie Dimon is urging the US Federal Reserve to exercise patience and refrain from cutting interest rates until after June.
The crypto exchange-traded products allowed entry to the UK market. Financial Conduct Authority (FCA) said it would not oppose solicitations from accredited investment platforms to establish a market segment in the United Kingdom for exchange-traded notes (ETNs) backed by cryptocurrency.
Steven Mnuchin, the US Treasury Secretary under former president Donald Trump, has invested in a troubled regional US bank.
Who says you can't turn digital dreams into reality? Eric Porat lives to debunk that myth every day. Picture a world where every click, every online ad, and every digital strategy opens doors to endless possibilities. That's the playground of Eric Porat, a true digital maverick.
