Tag Archives: Firm

French accounting firm Mazars is pausing all its work with crypto firms including, Crypto.com, KuCoin, and Binance, according to a spokesperson for Binance. Mazars has since deleted all crypto reports from its website. In a statement, a Mazars spokesperson told Yahoo Finance the firm, “paused its activity relating to the provision of Proof of Reserves Reports for entities in the cryptocurrency sector due to concerns regarding the way these reports are understood by the public.” Mazars noted:… Source link

By Jane Lanhee Lee (Reuters) – Tensions between China and the United States are pushing some manufacturer companies to talk about moving some of their supply chain away from Taiwan as well, although it’s “incremental,” the head of Taiwan’s most important smartphone chip design firm told Reuters over the weekend. Some of the “very large (equipment manufacturers) will require their chip suppliers to have multiple sources, like from Taiwan and from U.S., or from Germany or from Europe,”… Source link

Sam Bankman-Fried.Craig Barritt/Getty Images for CARE For Special Children Sam Bankman-Fried transferred at least $4 billion in FTX funds to Alameda Research earlier this year, sources told Reuters. The money included customer funds as well as those backed by FTX’s native token FTT and shares in Robinhood.  The Wall Street Journal reported FTX lent more than half of its $16 billion in customer funds to Alameda in total. Sam Bankman-Fried transferred at least $4 billion from FTX to Alameda… Source link

(Reuters) – Some investors are backing out of Digital World Acquisition Corp’s plan to acquire former U.S. President Donald Trump’s social media firm Truth Social, the blank-check firm said on Friday. Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the $1 billion commitment it had previously announced. Investors, who signed the PIPE commitment about one year ago, are free to move… Source link

Google has completed its acquisition of Mandiant, bringing a major name in cybersecurity under the tech giant’s ever-growing umbrella. The $5.4 billion acquisition, announced in March, was completed on Monday, according to a Google press release. Per details in the release, Mandiant will keep its own brand while operating under the Google Cloud branch of its new parent company. Google Cloud is the cloud computing platform offered by Google and provides cloud computing and data storage… Source link

Google CEO Sundar Pichai and 550 Washington Street (Illustration by The Real Deal with Getty, 550 Washington Street via COOKFOX Architects) Don’t bother plugging “biggest believers in New York City’s tech future” into your favorite search engine: Google already has the answer. The tech giant’s chief executive, Sundar Pichai, said he’s optimistic about the company’s prospects in the Big Apple, where it expects to continue growing its presence, Crain’s reported. “I’m… Source link

Yandex NV, which runs Russia’s largest search engine and ride-hailing service, sold its media interests to a state-backed company, deepening the Kremlin’s control over the Russian internet. Often referred to as “Russia’s Google,” Yandex said it was selling its news aggregator, its Zen social-media platform and its homepage to VK, Russia’s largest social-media company, in exchange for VK’s food delivery app Delivery Club. Source link

Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Hong Kong-listed software firm Meitu (1357) likely lost RMB 274.9 million to RMB 349.9 million ($41.1 million to $52.3 million) in the first half of 2022, mostly due to a fall in the value of its crypto holdings. The firm’s losses almost doubled, a 99.6% to 154.1% increase, compared to the same period last year, it said in a filing with the Hong Kong Stock… Source link

In the midst of 2021’s soaring tech IPO and SPAC market, there was one former Wall Street analyst telling anyone who would listen that something was wrong. David Trainer, the founder and CEO of research firm New Constructs, was focused on the fundamentals of the businesses behind the record valuations, and what he saw wasn’t promising. Trainer warned investors in 2021 that many high-flying tech stocks and IPOs at the time were trading at “tech bubble” levels. And even worse, some were… Source link

A Russian tech giant mostly owned by western investors is helping websites pushing false claims about the war in Ukraine to make thousands of dollars every day through digital advertising. Yandex is considered Russia’s equivalent to Google, running both a search engine and an extensive digital advertising business. Its deputy CEO, Tigran Khudaverdyan, resigned this month after the European Union imposed sanctions on him. The Bureau for Investigative Journalism has discovered… Source link