Pool Financial News

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

New Delhi US chipmaker Advanced Micro Devices’ (AMD) decision to invest $400 million in India isn’t tied to government incentives but rather a vote of confidence in the country’s strong talent pool, said Mark Papermaster, chief technology officer at AMD. In an interview, Papermaster said most of the investment will go towards hiring 3,000 engineers by 2028. He said steps taken by the government to develop semiconductor skills and other initiatives will make India a global talent hub.

Top decentralised exchange (DEX) Uniswap has seen UNI (native governance token) surge up +15% in a magnificent pump sending ripples through markets.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Luxury real estate in India is no more just limited to the select few. The sector is now coming to the mainstream, with demand rising in most of the major cities in the country. Indians are now willing to spend more for spacious homes, upscale lifestyles, and curated living.

A leading global investment firm, KKR, acquired majority stake in LEAP India, which is a pallet pooling platform in India, the company announced on Wednesday. With this deal, the funds managed by KKR will acquire a majority stake in the Company.

New Delhi: The rise of connected television sets in India is all set to make advertising more targeted with new and small brands being able to address just the audience they wish to said Brett Poole, chief executive officer, APAC (Asia Pacific region) and AUNZ (Australia, New Zealand) at Finecast, a GroupM-owned addressable TV company that helps advertisers personalize and target ads on linear and on-demand TV. “We’re seeing huge growth in CTV in India, from 25 million last year, to 32 million this year and estimated to reach 40-45 million by 2025.

«See unicorns are a mythical creatures right. But what I would like to say is that we have just seen a large number of tech start-ups going IPO that is a great start right,» says Prateek Jain, The Fundamentum Partnership.What is your outlook about the growth of unicorns in the country? Do you see the future is bright for the growth of unicorns in India? See unicorns are a mythical creatures.

Bitcoin is currently trading near $29,900, experiencing a decline from its recent peak of $29,900.

FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrong to seek his detention prior to trial because their arguments are built on «innuendo, speculation, and scant facts.» The written submission in Manhattan federal court was a response to the prosecution's claim last week that no bail conditions can stop the onetime cryptocurrency power broker from trying to improperly influence the potential jury pool for his October 2 trial. Bankman-Fried, 31, has been free on a $250 million personal recognizance bond since his December extradition from the Bahamas to face charges in New York that he defrauded investors in his businesses by diverting millions of dollars from their intended purpose.

Australia’s ambitions to develop a green hydrogen industry have suffered only a temporary setback from the US Inflation Reduction Act, and enjoy positive prospects at the hands of state and federal policies, funding support, and demand from key Asian trading partners.

Madden Championship Series (MCS) will launch in August, featuring a substantial $1.7 million prize pool. As Madden 24 releases worldwide on August 18, players can gear up for exciting competitions throughout the NFL season 2023. The action-packed MCS 24 is scheduled to begin immediately after the game's launch, kicking off with the Ultimate Kickoff event. EA Sports will inaugurate the competitive Madden esports circuit with the Ultimate Kickoff finals taking place on September 5-6. Interested participants can register for the Ultimate Kickoff starting from August 1 at 11 AM ET until August 20 at 12:59 PM ET. The MCS 24 Ultimate Kickoff will begin with two days of ladder play on August 19-20, followed by a two-day Single Elimination round on August 27-28, featuring the top 544 competitors who qualify from the ladder stage. Additionally, EA will introduce Ultimate Challenges for the MCS, consisting of four events to be held between September 2023 and January 2024. Challenge #1 will commence on September 16 with ladder play. Players earning top 544 spots in each of the five MCS events will accumulate points toward the finals, where the top 14 players with the highest points after the Ultimate Kickoff and the four challenges will battle it out in the prestigious Ultimate Madden Bowl. The cumulative prize pool for all MCS tournaments amounts to $1.7 million, with the Ultimate Madden Bowl offering a substantial $1 million prize pool, including a grand prize of $250,000 for the winner. To participate, players must be 16 years old or above. Cross-platform competition is open to PlayStation 5, PC, and Xbox Series X|S owners, while tournaments will be exclusively accessible through Madden Ultimate Team.

GANDHINAGAR : The Gujarat government is pitching the state as the sole destination for semiconductor manufacturing and allied investments in India, with officials having discussed with over 100 companies across the gamut of manufacturers and suppliers. “At least half-a-dozen players are in advanced discussions, including wafer fabs, display fabs, OSAT (outsourced semiconductor assembly and test) players and suppliers," a senior state government official said, asking not to be named.

Mumbai: B2B e-commerce platform Moglix is in talks with both existing and new investors to secure a secondary round worth $30-35 million. A substantial portion of it will be an employee stock option buyback, said two people aware of the development. The secondary is estimated to be at 15-20% discount to the company’s primary valuation of $2.6 billion.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

By Kannaki Deka

The Ethereum price has fallen by 2% in the past 24 hours, with its drop to $1,831 following a hack on Curve that resulted in the theft of around 2,800 ETH.

Glitch, a blockchain-agnostic protocol, in partnership with Lumos Labs, has announced the launch of their DeFi-focussed hackathon Buidl On Glitch Hack 2023. Aimed at uplifting the DeFi ecosystem, the hackathon seems to be offering a reward pool worth $10,000. 

FTX Group unveiled a draft creditor-repayment plan as part of its bankruptcy that calls for settling customer claims in cash and wiping out its digital token FTT. 

The Terra Luna Classic price has fallen below $0.00008 this morning after a 2% dip in the past 24 hours, with the altcoin also down by 3.5% in the last seven days and by 10% in the past fortnight.