The price of bitcoin hit $50,000 today, a month after the U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs. The issuers of those ETFs have seen demand skyrocket beyond initial predictions of a few billion. Assets under management at these issuers total around $28.35 billion, making for a market cap of … Read more
Trigger warning: the following article is about sexual assault and rape. Tim Marchman of VICE News reports that a lawyer for former WWE executive John Laurinaitis, says that most WWE management knew about Ashley Massaro’s allegations that she was raped in Kuwait during a WWE tour in 2006. Massaro had claimed that top executives, including … Read more
It’s been hard to avoid news about the Apple Vision Pro, the company’s entry into the virtual reality market, in recent days. It was officially released on Friday to much fanfare, but how will it fare in the enterprise? It’s way too early to say, but the company is doing everything possible to make it … Read more
Weaveworks, a startup focusing on cloud native development tooling, announced today on LinkedIn that it would be shutting down, a sad day for any startup. “I am very sad to announce – officially – that Weaveworks will be closing its doors and shutting down commercial operations. Customers and partners will be working with a financial … Read more
TravelPerk, a business travel management platform targeted at SMEs, has raised $105 million in a fresh equity-based round of financing led by SoftBank’s Vision Fund 2. Existing investors including Kinnevik and Felix Capital also participated in the round. The funding gives TravelPerk a valuation of $1.4 billion, just a fraction over the $1.3 billion valuation … Read more
Governance, risk management and compliance — GRC for short — remains one of the most active startup areas in terms of VC investments. According to Tracxn, the private market data tracker, the roughly 1,500 vendors selling GRC software had received $28.7 billion in funding as of 2021. It’s no wonder there’s such high interest. GRC … Read more
The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds are back,” according to HSBC Asset Management. In its 2024 investment outlook, seen by CNBC, the British lender’s … Read more
The World Artificial Intelligence Conference in Shanghai in July 2023. Aly Song | Reuters Alibaba has begun an overhaul of its cloud computing unit, bringing in veterans to new leadership positions, as it looks to revive the division after cancelling its public listing. The move underscores the Chinese technology giant’s desire to tap the boom … Read more
When TechCrunch covered Carepatron’s pre-seed last year, it was focused on serving solo practitioners and small health practices. Now the healthcare management system has scaled along with its clients, and works with medical practices that range in size from five to 100 practitioners. The platform is now used in about 50 countries and recently launched … Read more
Richard Drury/Getty Images Artificial intelligence (AI) will continue to garner business interest over the next year, but few organizations in Asia-Pacific will be able to reap its full benefits due to their aversion to risk and subpar data management capabilities. Just 30% have the IT practices that are needed to harness the benefits of AI, … Read more