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Crypto Lender Gemini Seeks Authorization to Monetize Interests in Two Grayscale Ethereum Trusts

Gemini Trust Co., a cryptocurrency exchange, has revealed that Genesis, a crypto lender, has filed a move in the United States Bankruptcy Court reques

Gemini Trust Co., a cryptocurrency exchange, has revealed that Genesis, a crypto lender, has filed a move in the United States Bankruptcy Court requesting permission to sell trust assets and profit from its stakes in two Grayscale Ethereum trusts. Genesis filed the request on Friday, allowing Gemini to sell the initial collateral, which consists of 30,905,782 Grayscale Bitcoin Trust shares. Genesis has asked for the motions February 8 hearing to be expedited. This coincides with Genesis settlement of a lawsuit brought by the US Securities and Exchange Commission on its nowcancelled Gemini Earn financing programme, which was put on hold following the November 2023 cryptocurrency market meltdown. Read More..

B2B Tech News | 2 years ago          

India Targets $1.7 Billion GST Collection from Online Gambling Companies

Revenue Secretary Sanjay Malhotra said India expects to levy online gambling enterprises for Goods and Services tax GST worth up to 140 billion rupees

Revenue Secretary Sanjay Malhotra said India expects to levy online gambling enterprises for Goods and Services tax GST worth up to 140 billion rupees $1.7 billion in the upcoming fiscal year. A $1.5 billion business was impacted in October when the government levied a 28% tax on money collected by online gambling operators for each wager. In the fiscal year that ended on March 31, the move brought in almost 75 billion rupees, as opposed to 16 billion the year before. Malhotra stated that the market has stabilised and that, without necessarily altering tax rates, a review of the tax structure for online gambling companies will be carried out by April. Read More..

B2B Tech News | 2 years ago          

IranLinked Hacking Group, Homeland Justice, Claims Cyberattack on Albanias Institute of Statistics INSTAT

An organisation known as Homeland Justice, which has ties to Iran, has taken credit for a cyberattack that took down the official website and email se

An organisation known as Homeland Justice, which has ties to Iran, has taken credit for a cyberattack that took down the official website and email service of Albanias Institute of Statistics INSTAT. The event caused INSTAT to delay the publishing of official figures. The gang claims to have accessed over 100 gigabytes of demographic and geographic information from Albania. Still, the institution said that current census data was not impacted. Homeland Justice has a history of going against corporations and public institutions in Albania. Prior Iranian cyberattacks in Albania targeted computer systems used by the national police, telecom corporations, and the parliament. Scholars surmise that Homeland Justice is probably an Iranian organisation under official sponsorship that does psychological warfare. Read More..

B2B Tech News | 2 years ago          

Vision Pro Blends 3D Digital Content with the Real World

With a $3,500 price tag, Apples Vision Pro headset integrates threedimensional digital information with the physical environment. Positioned as a repl

With a $3,500 price tag, Apples Vision Pro headset integrates threedimensional digital information with the physical environment. Positioned as a replacement for the Mac and conventional television, the gadget must compete with less expensive rivals like Meta and HTC. With its sophisticated displays and specialised CPU processors, it poses a challenge to huge twodimensional panels. A noteworthy partnership with Disney produced the Disney+ app, which provides immersive experiences for wellknown films. Although its high cost would prevent consumers from using it initially, it might be helpful in corporate environments and may become a new computer platform. Read More..

B2B Tech News | 2 years ago          

Securities Lending Platform, Next Generation Trading, Affected

Following an outage caused by unauthorised access to its systems, the fintech company EquiLend has restored several services, including trading and po

Following an outage caused by unauthorised access to its systems, the fintech company EquiLend has restored several services, including trading and posttrade solutions, more than a week later. With its securities lending technology, Next Generation Trading, EquiLend manages over $2.4 trillion in monthly transactions, making it a significant player in the Wall Street securities lending market. The business, partially controlled by wellknown Wall Street firms including BlackRock, J.P. Morgan, Goldman Sachs, and Bank of America Merrill Lynch, revealed the illegal access in late January, which led to a temporary suspension. Market participants had to process transactions manually due to the latest attack, but services are now progressively being restored. Read More..

B2B Tech News | 2 years ago          

EU Countries Give Endorsement to Rules Governing Artificial Intelligence

The European Union is getting closer to enacting legislation after member states approved models like Microsofts ChatGPT, which governed the use of Ar

The European Union is getting closer to enacting legislation after member states approved models like Microsofts ChatGPT, which governed the use of Artificial Intelligence AI. The European Commissions proposed regulations seek to address issues with AI for military, criminal, and security applications and establish international standards for the technology across a range of businesses. The support of the EU nations follows the conclusion of political negotiations in December. On February 13, a significant committee of EU parliamentarians is anticipated to vote on the guidelines the European Parliament vote will occur in March or April. Read More..

B2B Tech News | 2 years ago          

Economic Leadership Indias 7% GDP Growth Leads G20 Economies

During her postbudget news conference, Finance Minister Nirmala Sitharaman emphasized these fundamental tenets Utilizing technology to increase ef

During her postbudget news conference, Finance Minister Nirmala Sitharaman emphasized these fundamental tenets Utilizing technology to increase efficiency. Building infrastructure. Promoting social justice as a means of successful government. India tops the G20 economies with three years of GDP growth at a rate of 7%. Sitharaman emphasized reducing the fiscal deficit, properly managing the economy despite obstacles, and guaranteeing that government capital expenditures—particularly infrastructure—continue. Notwithstanding the turbulence in the Red Sea, the IndiaMiddle EastEuropean Corridor IMEC project will continue. Other important factors include A commitment to fiscal consolidation that exceeds earlier objectives. The withdrawal of outstanding modest direct tax requests. The nonextension of reduced tax rates for new industrial units after March 2024. In addition, the Finance Minister recommended reconsidering the Centers 40% debttoGDP ratio goal, Read More..

B2B Tech News | 2 years ago          

Intel Faces Delay in $20 Billion Ohio Chipmaking Project

According to reports, Intel is postponing the $20 billion chipmaking project in Ohios building schedule because of market difficulties and a sluggish

According to reports, Intel is postponing the $20 billion chipmaking project in Ohios building schedule because of market difficulties and a sluggish distribution of federal grants. Chip manufacture was first scheduled to begin next year, but facilities will be finished by late 2026. A representative for Intel said that the business is dedicated to completing the project even with its revised schedule. Intel has estimated Q1 revenue below market projections due to the uncertain demand for conventional servers and PC processors, which has caused the delay. The demand for Intels core data centre solutions has been hurt by the move in expenditure into AI data servers, which Nvidia and AMD dominate. Read More..

B2B Tech News | 2 years ago          



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