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Showing posts from January, 2023

Darwinbox announces collaboration with Microsoft to redefine the future of work

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  1 / 1 Darwinbox to empower organizations globally to elevate employee experience through deep integrations between its HCM SaaS platform and Microsoft product ecosystem. Demonstrating 2.6x business growth in MENA in the past 12 months since its Unicorn funding, Darwinbox is sprinting towards market leadership     Darwinbox ,  the fastest-growing HR tech unicorn, today announced a collaboration with Microsoft to empower organizations globally and across the MENA with the right tools to succeed in the evolving world of work. The collaboration will include deep integrations between Darwinbox and the Microsoft product ecosystem, and co-innovation on solutions to enhance employee experience. In addition to the co-innovation roadmap, Microsoft has also made an equity investment in Darwinbox to accelerate its mission of empowering organizations to unify their entire employee lifecycle.    The relationship will accelerate joint go-to-market motions in all markets that the leading Human Capit

Binance was final destination for millions in funds from Bitzlato, exchange shut down for alleged money laundering

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  KEY POINTS Data from Arkham Intelligence shows that tens of millions of dollars flowed from an alleged nexus of money laundering, Bitzlato, through intermediate wallets to Binance, the world’s largest crypto exchange. A FinCEN complaint from Wednesday noted that Binance was Bitzlato’s largest counterparty, but blockchain data reveals rudimentary efforts to conceal where funds came from before they arrived in Binance custody. Binance and its chief executive, Changpeng Zhao, are reportedly under federal scrutiny over anti-money laundering compliance. In this article USDT.CM= +0.0000468492507935 (+0.00%) COIN +0.59 (+1.07%) Follow your favorite stocks CREATE FREE ACCOUNT Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Federal prosecutors unsealed an  indictment  against a little-known crypto exchange called Bitzlato on Wednesday, alleging that it facilitated the laundering of $700 million i

Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert’s DCG empire

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  KEY POINTS Genesis Trading filed for bankruptcy protection after suffering crippling losses from the collapses of FTX and hedge fund Three Arrows Capital. Genesis is a part of Barry Silbert’s Digital Currency Group, which has seen mounting problems in recent months. Some of Genesis’ largest clients include Circle, which operates stablecoin USD Coin, and Gemini, which is backed by the Winklevoss twins. In this article USDC.CM= +0.0000097155570984 (+0.00%) ETHE +0.69 (+8.84%) GBTC +0.72 (+6.28%) GEL UNCH Follow your favorite stocks CREATE FREE ACCOUNT WATCH NOW VIDEO 03:27 Crypto broker Genesis files for Chapter 11 bankruptcy Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to a business once at the heart of Barry Silbert’s Digital Currency Group. The company listed over 100,000 creditors in a “mega” bankruptcy filing, with agg

Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case

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  KEY POINTS Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, court filings from Friday show, primarily in the form of Robinhood shares. Three accounts were at Silvergate Bank and held U.S. dollars in the name of FTX Digital Markets, a Bahamian subsidiary. Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023.  Ed Jones | AFP | Getty Images Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares that were owned by the FTX founder, a court filing revealed Friday. John Ray, who replaced Bankman-Fried as CEO to  guide FTX’s restructuring , is trying to rescue funds that were lost by the crypto company’s depositors when the firm spiraled into bankruptcy in November. Bankman-Fried was arrested on criminal fraud charges in December and is released

Twitter is down to fewer than 550 full-time engineers

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  KEY POINTS Internal records show that Twitter has shed about 80% of its employees since Elon Musk took over and headcount is hovering around 1,300 working employees today. With fewer than 550 full-time engineers now, one former Twitter engineer says the remaining team will be spread thin, and will likely have a hard time maintaining the service while adding new features. In addition to the 1,300 full-time Twitter employees, new owner and CEO Elon Musk has authorized about 130 people from his other companies, including Tesla, SpaceX and The Boring Co., to work for the social media business. In this article TWTR +0.35 (+0.66%) Follow your favorite stocks CREATE FREE ACCOUNT Pedestrians outside Twitter headquarters in San Francisco on Oct. 6, 2022. David Paul | Bloomberg | Getty Images Twitter’s full-time headcount has dwindled to approximately 1,300 active, working employees, including fewer than 550 full-time engineers by title, according to internal records viewed by CNBC. Around 75