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For the first time since the beginning of 2021, Fintech is no longer the leading industry by investment as it has been surpassed by Healthcare ($16.7B). Despite a 64% downturn in global investments since Q4 2021, $13.3B has still found its way to Fintech startups in Q3 2022. Fintech investors are becoming more discerning as
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Boom! — How Bill Gates Minesweeper addiction helped lead to the Xbox Book excerpt: Convincing early ’90s Microsoft to sell games was an uphill battle. Kyle Orland – Feb 23, 2023 12:00 pm UTC Enlarge / These little numbers helped launch a gaming revolution at corporate-focused Microsoft of the early ’90s.Microsoft / Reddit reader comments
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Attacks on multiple fronts — Ukraine suffered more data-wiping malware than anywhere, ever Russia has greatly accelerated cyberattacks on its neighbor in the wake of its invasion. Andy Greenberg, wired.com – Feb 23, 2023 2:29 pm UTC EnlargeCelestino Arce/Getty Images reader comments 6 with Share this story Share on Facebook Share on Twitter Share on
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Major Wall Street indices closed in the red on Wednesday as investors and traders turned their focus away from Federal Reserve commentary toward corporate earnings. The Nasdaq Composite and the S&P 500 closed over 1% lower while the Dow Jones fell 0.61%. Here are the five stocks that are drawing investors attention: 1. Tesla Inc
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Nearly $2.7 billion USD worth of crypto has been lost in 2022 to hacks of smart contracts or protocol infrastructure a 63% increase from last year. With flash loan attacks remaining detrimental to blockchain sustainability, Q2 2022 experienced over $870 million USD in losses. The attacks plaguing Web3, however, are no different than the tried
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Joe Biden has nominated former Mastercard chief executive Ajay Banga as World Bank president, picking a Wall Street veteran raised in India to oversee the institution’s biggest mission change in a generation. Banga’s nomination, a week after sitting president David Malpass abruptly resigned, comes as the US and other shareholder nations seek to expand the
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What could go wrong? — Generative AI is coming for the lawyers Large law firms are using a tool made by OpenAI to research and write legal documents. Chris Stokel-Walker, wired.com – Feb 22, 2023 3:24 pm UTC EnlargeJames Marshall / Getty Images reader comments 26 with Share this story Share on Facebook Share on
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Apple Inc.AAPL co-founderSteve Wozniakhas describedBitcoinBTC/USD as the only cryptocurrency thats pure-gold mathematics. What Happened: Wozniak made the comments about Bitcoin in aninterviewwith Business Insider in March 2022, adding that many cryptocurrencies are untrustworthy and have a track record of being rip-offs. There are so many cryptocurrencies that come out now; everybody has a way to
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Consumers may be going offline and back into stores to shop, but when they do, they want to go digital to pay. Smartphone payments and tap to pay options continue to gain acceptance, leading the transition away from cash and card swipes as merchants rapidly install modular point-of-sale (POS) systems. Macro pressures took some of
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With persistent inflation and the aggressive interest rate hikes from the Federal Reserve, the stock market in 2022 experienced its most volatile year since 2009. The S&P 500 has been on a shaky decline since January 2022, and despite a few short-lived rebounds, it was down 19.4% at the end of 2022. Intraday volatility the
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