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Ethereum developers already want to launch YAM 2.0 after 90% price drop

August 14, 2020 4:25 pm
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After garnering a purported $750 million worth of deposits of Ethereum, Yearn.finance, and other cryptocurrencies, DeFi’s latest protocol Yam Finance collapsed on the morning of Aug. 13. The self-proclaimed “experiment” folded just 36 hours after it launched. That’s not to…

Tech Giants Oracle and Salesforce Accused of Violating EU GDPR

August 14, 2020 4:05 pm
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It has become known that the nonprofit organization Privacy Collective filed a class action lawsuit against tech giants Oracle and Salesforce for violating EU GDPR. Two American multinational tech companies Oracle Corporation (NYSE: ORCL) and Salesforce.com Inc (NYSE: CRM) are…

iQIYI (IQ) Shares Drop 18% Following Fraud Investigation by SEC

August 14, 2020 3:28 pm
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The shares of iQIYI plummeted on Thursday and the after-hours trading following a fraud investigation by the SEC into the Baidu-backed firm. The shares of Chinese Netflix-style service provider iQIYI Inc (NASDAQ: IQ) plunges after the Securities and Exchange Commission…

WeWork Gets New Commitment of $1.1 Billion from SoftBank

August 14, 2020 3:23 pm
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Embattled workspace sharing company WeWork has received a new commitment from Japanese multinational conglomerate SoftBank. WeWork recently got a $1.1 billion commitment from SoftBank Group Corporation (OTC: SFTBF). Following this, WeWork told employees that the company had slashed its burn…

BitMEX Announces New ID Verification Programme for Enhanced Security

August 14, 2020 2:33 pm
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BitMEX revealed plans to begin ID verification by the 28th of August. Users are expected to complete the process within six months. BitMEX has announced plans to mandate ID verification for all users. The ID verification programme will begin on the…

Ripple CEO Responds to Criticism from New York Times Reporter

August 14, 2020 1:01 pm
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Garlinghouse said that Ripple’s XRP solves the $10 trillion cross-border problems. He confirmed that the company’s strategy is still on course. Brad Garlinghouse, the CEO of Ripple, has responded to a statement made by New York Times technology reporter Nathaniel…

Fornite Removed From Apple App Store And Google Play Store, Moves to Court

August 14, 2020 12:50 pm
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Fortnite’s parent company Epic Games has filed a lawsuit against Apple calling its actions as monopolistic, unreasonable and unlawful. On Thursday morning, August 14, Epic Games – the creator of popular Fortnite game – introduced a new payment mechanism through…