Tag Archives: Companies

Adios Panasonic? Tesla Is Fishing For A New Battery Supplier For Its Chinese Car Factory

Image: Shutterstock By CCN.com: Following CEO Elon Musk’s November announcement that Tesla will source production inputs for the new Shanghai Gigafactory locally, the company is now reportedly in the market for a new battery supplier. It will be recalled that in November 2018, Musk announced that the company intends to diversify its sources after experiencing several problems with… Read More »

‘We Have to Spend Money Carefully’ – Huobi Confirms Lay Offs Despite Profits

The prolonged bear market hasn’t yet managed to throw one of the leading cryptocurrency exchanges, Huobi, in the negative. However, despite still being profitable, the company is letting people go in an attempt to “spend money carefully.” Huobi Tightens Belt Huobi is a China-based cryptocurrency exchange with around $300 million in daily traded volumes, making it one of… Read More »

$3 Billion Google-Backed AI Unicorn UiPath Set to Achieve Revenue Growth of 5614%

From CCN.com: UiPath, an artificial intelligence (AI) startup first backed by Google’s CapitalG fund in 2018 will shortly, according to leaked reports, achieve over 5000% growth. Business Insider sources claim UiPath, also backed by Sequoia Capital and Accel, is set to hit $200 million annual recurring revenue (ARR). ARR is a metric used by software-as-a-service (SaaS) providers to… Read More »

Australian Bitcoin ATM Startup Says Its Raking in $360,000 Per Week

A Bitcoin ATM company from Australia has reported a weekly turnover of $500,000 AUD (roughly $360,000 USD) despite the cryptocurrency bear market.  $360,000 Weekly Turnaround Auscoin, an Australian bitcoin ATM company, has reported a weekly turnaround of $360,000 in 2018. According to the reports, it’s currently operating 31 ATMs throughout Australia but it’s planning to expand. Speaking on… Read More »

Indonesia’s First Billion-Dollar Unicorn Acquires Philippine Bitcoin Wallet

By CCN.com: On Jan. 18, after an unsuccessful attempt to enter the Philippines market earlier this month due to foreign ownership concerns, Go-Jek, a major Indonesian ride-sharing platform has announced a partnership between with Coins.ph, a local crypto wallet and payments platform. The Filipino firm is currently in the process of rolling out beta access to users in the waiting list for… Read More »

Thailand Stock Exchange Considering Gov’t License to Trade Bitcoins

The Stock Exchange of Thailand (SET) could become the latest entity to obtain a cryptocurrency trading license in the country. This news comes as the bourse is reportedly mulling to become a licensed digital asset trading platform.  SET Eyes Digital Asset License to Trade Cryptocurrency According to the Bangkok Post, the SET plans to apply to the Thai Finance… Read More »

WeWork CEO Profits in Millions as ‘Landlord’ from $47 Billion Startup: Report

Image credit: Flickr/Fortune Brainstorm TECH According to a report by the Wall Street Journal , co-working service provider WeWork Co. has reportedly been renting spaces in buildings owned by its CEO Adam Neumann. The report noted that the arrangement has already seen the company owner net millions of dollars. The company model employed by WeWork involves getting office space… Read More »

Thousands of US Grocery Stores to Sell Bitcoin At Coinstar Kiosks

A U.S. Bitcoin ATM company has teamed up with international coin counter Coinstar to offer Bitcoin purchasing facilities in “thousands” of new locations. More Bitcoin For Cash Washington-based Coinme, which has operated Bitcoin ATMs since 2014, confirmed the deal via a press release January 17. The exact extent of the rollout remains undisclosed, but executives referenced “thousands” of… Read More »

iPhone Chipmaker TSMC Forecasts its Biggest Sales Drop in 10 Years

Image from Shutterstock On Thursday, the world’s largest contract chipmaker and a major supplier for Apple, Taiwan Semiconductor Manufacturing Co. (TSMC), published its Q4 2018 earnings which has raiseed further concerns over slowing iPhone sales. According to The Street, the weak results raised even more concerns about the state of iPhone sales, especially after the chipmaker forewarned that… Read More »

Cryptopia Exchange Hacked: ‘Significant’ Losses Reported

Cryptocurrency exchange Cryptopia has been hacked. The team confirmed the security breach, outlining that the losses are ‘significant.’ ‘Significant Losses’ New Zealand-based cryptocurrency exchange Cryptopia has suffered a security breach and is going through unscheduled maintenance. The announcement was just posted on the exchange’s official twitter page, outlining that the losses have been significant. We apologise for the… Read More »