Bending Spoons, a company that buys and revitalizes stagnating tech companies, has agreed to purchase Eventbrite for about $500 million, a far cry from the $1.76 billion the company was worth when it went public in 2018. Just like many of Bending Spoons’ previous acquisitions, including Evernote, Meetup, Vimeo, and AOL, Eventbrite has a strong
The cryptocurrency has floundered since reaching an all-time high in early October, but it’s not exactly clear why. Are Traders Exhibiting Symptoms of Bitcoin Derangement Syndrome? In his book “Irrational Exuberance,” published in 2000, Nobel prize-winning economist Robert Shiller put the blame of market bubbles squarely on the shoulders of overzealous investors. Shiller went on
The European Union has unveiled its 19th set of sanctions on Russia that target crypto platforms and crypto transactions for the first time. Source link
The number of 100M+ XRP wallets dropped 20.6% over eight weeks, with 569 wallets exiting this category. XRP’s largest on-chain wallets show a mixed shift in recent weeks. New data from analytics firm Santiment reveals contrasting movements in wallet numbers and balances. The platform reports that the group of wallets holding at least 100M
Kraken, the third-largest centralized exchange by volume in the U.S., announced the acquisition of Backed Finance on Tuesday to expand its tokenized stock offering. Summary Kraken agreed to buy Backed Finance for an undisclosed price. Backed Finance boasts 23% market share; it offers exposure to more than 60 tokenized equities and ETFs. The integration is
The Fed Chairman delivered a highly personal tribute to Reagan-era economist and statesman George Shultz. Powell’s Tribute to George Shultz Skips Any Mention of the Economy Economists were left disappointed on Monday evening after Fed Chairman Jerome Powell delivered his tribute to late Reagan-era diplomat and economist George Shultz at Stanford University’s Hoover Institution. Markets
A report from Project Brazen’s Whale Hunting newsletter alleges that KuCoin Thailand has served as a conduit for proceeds from pig butchering. Source link
Key Takeaways NVIDIA and Mistral AI have formed a partnership focused on accelerating the development of open-source language models. The collaboration continues existing efforts, including development of the Mistral NeMo 12B language model for chatbots and coding tasks. Share this article NVIDIA and Paris-based large language model (LLM) developer Mistral AI have formalized a strategic
AWS re:Invent Day 2 delivered major AI updates, including new Nova models, Trainium3 servers, and Bedrock’s largest model expansion. The post AWS re:Invent Day 2: Amazon Launches New AI Models, Trainium3 Chips, and On-Prem AI Factories appeared first on TechRepublic. Source link
BTC USD has seen quite a bit of volatility lately. Especially yesterday, for some strange reason, when just under $1 billion got liquidated from the crypto market, $830 million of these being longs. Maybe that’s a sign that the sentiment is bullish? Or is it a sign that people are having a hard time shifting