News list for " fortune"
According to Fortune, Movement Labs will complete a $100 million Series B financing, sources said, this round of Movement valuation of about $3 billion.
Led by Elon Musk, Mark Zuckerberg, and Jen-Hsun Huang, the world's 500 richest people are on track to reach a new milestone in 2024: a combined net worth of $10 trillion. The unstoppable rise in US technology stocks has played a key role in the growth of these three men's fortunes, and has also boosted the net worth of Larry Ellison, Bezos, Michael Dell, and Google co-founders Larry Page and Sergey Brin. The assets of these eight tech giants alone will rise by more than $600 billion in 2024. Dom...
According to an article in Fortune magazine, Tether is on track to make a net profit of more than $10 billion by the end of this year, "spurring" a number of banks around the world to join the stablecoin market and take a share, including: 1. Societe General-Forge, a subsidiary of Societe Generale, launched a euro-backed stablecoin. 2. Oddo BHF SCA is also developing a stablecoin denominated in euros. 3. London Revolut is considering issuing its own stablecoin. 4. Deutsche Bank's DWS plans to la...
Xiao Gang, former chairperson of the China Securities Supervision Commission, said at the "AI + Finance" summit of the National Wealth Development Research Cooperation Platform on December 22 that artificial intelligence is a "double-edged sword". On the one hand, it has led a new round of technological revolution and industrial revolution, profoundly changed social production and life, and also profoundly changed the business format and model of the financial industry. On the other hand, it has...
Metaverse game developer Gamefam has released its annual State of the Roblox and Fortnite Brands report. The report predicts that the global metaverse game market will reach $168.40 billion by 2030 and the number of users will reach 900 million, indicating that the industry still has strong growth potential. The report reveals a significant change in usage habits among younger generations: Gen Z and Alpha spend 39% more time on Roblox and Fortnite than TikTok and YouTube.
On November 29, according to Fortune, Tesla CEO Elon Musk's wealth increased by $119 billion this year, continuing to rank among the world's richest people; Nvidia CEO Huang Renxun's wealth increased by about $80 billion due to the company's share price skyrocketing 185%; Amazon founder Jeff Bezos's wealth increased by $42 billion, ranking second richest in the world. In addition, Meta founder Mark Zuckerberg, Oracle founder Larry Ellison and other tech giants have also greatly increased their p...
Hong Kong Securities Supervision Commission Chief Executive Officer Leung Fung-yee said at the Wealth Management Summit that after the cross-border wealth management link and ETF link further expand the sales network of Hong Kong funds in the mainland, measures to further relax the mutual recognition arrangement between the mainland and Hong Kong funds may be further relaxed before the end of the year. She also stressed that the regulation of virtual assets is to regulate products rather than te...
On November 7th, Binance was selected to the "2024 Asian Fintech Innovators" list released by Fortune for the first time, and ranked first in the field of "Blockchain and Crypto". Fortune's 2024 Asian Fintech Innovators list showcases 60 of the most dynamic financial services companies in the world's fastest growing regions.
On November 5th, according to Fortune, Binance CEO Richard Teng said at the Singapore Insights Forum that while Asia has driven much of the growth in the financial system, Western companies will continue to be the main beneficiaries. Teng pointed out that Western companies, with their size and influence over the regulatory framework, will be able to seize the opportunity.
On November 5th, according to Fortune, the Federal Bureau of Investigation (FBI) has successfully recovered $8.30 million embezzled by the former Kansas bank CEO, which was deposited in a cryptocurrency account in the Cayman Islands. Yesterday in federal court in Kansas, 30 community bank shareholders broke out in relief after learning that they would get their investment back in full. This follows news in August that Shan Hanes, the former CEO of Heartland Tri-State Bank, a small Kansas bank, w...
According to Fortune, blockchain content verification platform OpenOrigins announced the completion of a $4.50 million seed round of financing, led by Galaxy Interactive. The company plans to use the new financing to expand its commercial team and expand its business. OpenOrigins, founded in 2021, combats fake media by using blockchain technology to verify the authenticity of photos, videos, and other digital content, which is recorded on the Hyperledger blockchain. It has partnered with British...
According to Fortune magazine, analysts at blockchain firm Chaos Labs and Inca Digital have found rampant wash trading on Polymarket. They found signs of fake trading activity in Polymarket, where buying and selling are often done simultaneously and repeatedly to create the illusion of volume and activity. Chaos Labs found that fake trading accounts for about a third of the US Presidential Election market volume on Polymarket, while Inca Digital found that a significant portion of the market vol...
Injective has announced that NTT Digital, Japan's largest telecommunications company and Fortune 500 giant, has become Injective's new validator. NTT Digital is part of Japan Telegraph and Telephone Corporation (NTT), a global leader in telecommunications services focused on technological innovation. The company is currently actively expanding into Web3 to explore the decentralized technologies that will shape the future of digital communications and finance.
Dogecoin rose 15 per cent after Elon Musk answered a question about the Ministry of Efficiency's proposal using the words "D.O.G.E", according to a Fortune Crypto post.
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