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Showing posts with the label CNBC DISRUPTOR 50

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

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

After FTX collapse, crypto investors need to rethink how they hold assets, Blockchain.com CEO says

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  KEY POINTS Blockchain.com CEO and co-founder Peter Smith says FTX was more popular with Silicon Valley investors than it was important to the cryptocurrency economy. The collapse of Sam Bankman-Fried’s company is a “total failure of governance,” Smith told CNBC, but it won’t shut down investor funding for crypto startups. It will lead crypto believers to more regulated companies, and more investors to self-custody their crypto assets on private keys, he said. In this article COIN -0.94 (-1.64%) Follow your favorite stocks CREATE FREE ACCOUNT WATCH NOW VIDEO 03:49 FTX saga means people will increasingly hold their own crypto, says Blockchain.com CEO This week’s  FTX collapse  is “a tragedy and total failure of governance,” Blockchain.com CEO and co-founder Peter Smith told CNBC’s “Closing Bell” on Thursday, but it’s not going to sink the crypto economy by any stretch. According to Smith, the  rapid downfall  of Sam Bankman-Fried’s company will accelerate a trend back towards regulated