A 360° view on tech world
There is a host of startups working on decentralized identities for the next generation of the internet. Four Tencent veterans want their offering .bit, an identity protocol built on the blockchain, to become the universal identification system in web3 like how emails and phone numbers became ubiquitous in web2, while giving users control over their […]
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The Reserve Bank of India has published guidelines that it intends to enforce for digital lending firms, recommending more transparency and control to customers as the South Asian nation’s central bank moves to take further steps to crack down on sketchy practices and creditors. The guidelines, released Wednesday (PDF), spell out who all can lend […]
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Snap on Wednesday launched the paid version of its widely used social media service in India, bringing its exclusive and experimental features offering to the South Asian nation for just 62 cents a month as it looks to supercharge its customer base by attempting to monetize more than 100 million users. The launch of the […]
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Binance has told customers of its estranged partner WazirX to move their funds to the global crypto exchange platform and said it plans to remove off-chain fund transfer between the services in the latest escalation of tension between the firms over ownership of the Indian startup. Patrick Hillmann, chief communications officer of Binance, said in […]
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Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount, Crypto.com said. The company also said Monday it has secured registrations under South Korea’s electronic financial transaction act and as a virtual asset service provider. “We are committed to […]
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The collapse of Three Arrow Capital and the counterparties wrapped in the crypto hedge fund’s troubles have drawn questions about the soundness of the heady digital asset investment space. For the industry’s survivors, watching their rivals fall to pieces overnight has been an alarming experience. To understand where the industry might be going after the […]
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Chinese internet giant Baidu has secured permits to offer a fully driverless commercial robotaxi service, with no human driver present, in Chongqing and Wuhan via the company’s autonomous ride-hailing unit, Apollo Go. Baidu’s wins in Wuhan and Chongqing come a few months after the company scored a permit to provide driverless ride-hailing services to the […]
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Binance, the world’s largest crypto exchange by trading volume, said on Friday it doesn’t own India-based platform WazirX despite disclosing the acquisition two and a half years ago in a move that has baffled industry players, including the Indian firm that insists the purchase did take place. Changpeng Zhao, founder and chief executive of Binance, […]
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The number of emoji subscription purchases on the South Korean messaging app KakaoTalk has dropped by a third over the year, parent firm Kakao said in quarterly earnings call Thursday. It blamed Google’s new in-app payment policy, which forces apps to use the Android-maker’s own billing system. KakaoTalk’s Emoticon Plus subscription service, which costs approximately […]
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Pony.ai, a Chinese autonomous vehicle company valued at $8.5 billion as of late, has sued two former employees over alleged trade secret infringement. The lawsuit is arriving months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the U.S., resigned to start a competitor called Qingtian Truck. […]
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