The U.S. government has warned of ongoing malicious activity by the notorious Hive ransomware gang, which has extorted more than $100 million from its growing list of victims. A joint advisory released by the FBI, the U.S. Cybersecurity and Infrastructure Security Agency, and the Department of Health and Human Services on Thursday revealed that the Hive […]
Despite legacy venture capital firms continuing to raise bigger and bigger funds, LPs may have more luck focusing on the small stuff. Amit Kurz, a general partner at Israel-based fund of funds Sweetwood Ventures, thinks so. He told ZebethMedia that last year he started to notice more and more tiny funds he wasn’t familiar with […]
Peyton Carr is a financial adviser to founders, entrepreneurs and their families, helping them with planning and investing. He is a managing director of Keystone Global Partners. More posts by this contributor With a Section 1045 rollover, founders can salvage QSBS before 5 years Advanced tax strategies for startup founders When a founder sells their […]
Electric vehicle startup Nio is accelerating its expansion in Europe. The premium EV maker just launched its first power-swapping station in Varberg, Sweden, the company said in a LinkedIn post. When it comes to charging, Nio differentiates itself from its rivals by offering swappable batteries, which are upgradable and charge a monthly subscription fee, on […]
Google is requiring loan apps in Kenya to submit proof of license to operate in the country by its apex bank, failure to which they risk removal from Play Store, its digital distribution service. Those that have applied for licensing, and can produce evidence of the same, may also be spared. Google’s action has, however, […]
A day after a bill that would codify same-sex marriage in the U.S. cleared a key hurdle in the Senate, Daylight, a digital bank that pitches itself as LGBTQIA+-friendly, closed a $15 million Series A round led by Anthemis Group with participation from CMFG Ventures, Kapor Capital, Citi Ventures and Gaingels. Daylight Co-founder and CEO […]
Twitter has published a policy change saying that newly-created Twitter accounts will have to wait 90 days before being allowed to subscribe to the new Twitter Blue plan and get verified. This is likely to avoid impersonation and spam from verified accounts. “Newly created Twitter accounts will not be able to subscribe to Twitter Blue […]
India has proposed a new comprehensive data privacy law that will mandate how companies handle data of its citizens, including permitting cross-border transfer of information with certain nations, three months after it abruptly withdrew the previous proposal amid scrutiny and concerns from privacy advocates and tech giants. The nation’s IT ministry published a draft of […]
India’s space agency has successfully launched the Vikram-S after much anticipation and years-long work in a boost to the private sector of the nation’s space industry. The Indian Space Research Organization (ISRO) kicked off the suborbital rocket at 11.30 a.m. local time Friday from the Satish Dhawan Space Centre in Sriharikota, India’s east coast. The […]
GoTo Group is cutting 1,300 jobs, or 12% of its workforce, it informed staff early Friday, as Indonesia’s largest internet company attempts to trim costs and improve finances. “Achieving financial independence more quickly has a profound cost for us, because when we take a hard look at how we fundamentally need to change (business focus […]
