Financial
- Technology
South Korean financial super app Toss raised $405M Series G at a 9.1T won valuation, or ~$7B, after a 8.5T won valuation in June '21; Toss Bank has 5M users (Kate Park/TechCrunch)
Kate Park / TechCrunch: South Korean financial super app Toss raised $405M Series G at a 9.1T won valuation, or…
Read More » - Technology
Binance says it was hit by roughly $6B in net withdrawals between December 12 and December 14, which it was able to fulfill "without breaking stride" (Financial Times)
Financial Times: Binance says it was hit by roughly $6B in net withdrawals between December 12 and December 14, which…
Read More » - Technology
The mobile games market is set to fall in 2022 for the first time in over a decade; Newzoo forecasts revenues to drop by 6.4% to $92.2B, vs. 7.3% growth in 2021 (Financial Times)
Financial Times: The mobile games market is set to fall in 2022 for the first time in over a decade;…
Read More » - Technology
Court filing: FTX Digital Markets co-CEO Ryan Salame tipped Bahamas' security commission on November 9 that FTX customer funds were used to cover Alameda losses (Financial Times)
Financial Times: Court filing: FTX Digital Markets co-CEO Ryan Salame tipped Bahamas’ security commission on November 9 that FTX customer…
Read More » - Technology
Sources: Alibaba won't be able to buy Arm's Neoverse V chips after Arm concludes that the US and UK won't approve export of the high performance tech to China (Financial Times)
Financial Times: Sources: Alibaba won’t be able to buy Arm’s Neoverse V chips after Arm concludes that the US and…
Read More » - Technology
Brazil's central bank says it aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions (Marcela Ayres/Reuters)
Marcela Ayres / Reuters: Brazil’s central bank says it aims to launch its digital currency in 2024 after a closed…
Read More » - Technology
A look at Europe's chip self-sufficiency plans, aided by ASML and others; SEMI estimates 10 new facilities in Europe by 2025, compared to 21 in Taiwan (Financial Times)
Financial Times: A look at Europe’s chip self-sufficiency plans, aided by ASML and others; SEMI estimates 10 new facilities in…
Read More » - Technology
FTX CEO's testimony to the US House: FTX and Alameda customer assets were commingled, insiders were paid $1B+, FTX US was not run independently of FTX, and more (U.S. House Committee on Financial Services)
U.S. House Committee on Financial Services: FTX CEO’s testimony to the US House: FTX and Alameda customer assets were commingled,…
Read More »