Nvidia Becomes World’s Third-Largest Company
Nvidia Surpasses Saudi Aramco, Ranks Third Globally, Reflecting Growth in Chip Manufacturing and AI Technology. Nvidia has surpassed Saudi Aramco to become the third-largest corporation worldwide in market capitalization, occupying the third position. This accomplishment places Nvidia in the third position, trailing only tech titans like Apple and Microsoft. It signifies rapid expansion and investment […]
FTX Europe Founders to Repurchase for $32.7 Million
FTX Europe, which SBF acquired for $323 million approximately three years ago, will be resold to its founders for $32.7 million. A dispute regarding its European division has been resolved in the bankruptcy filing of FTX, which has returned the company to its former proprietors. As per a report by Reuters on February 24, FTX […]
Erdogan Appoints Crypto Professor to Turkish Central Bank Board
Fatma Ozkul has been a Lecturer at Marmara University Since 2012 and specializes in Blockchain, Digital Assets, Finance, and Auditing. The presidency of Turkey’s Recep Tayyip Erdogan reportedly appointed blockchain technology and crypto assets expert professor Fatma Ozkul to the monetary authority of the central bank. Bloomberg reports that on December 22, a decree nominating Ozkul […]
Ava Labs Lays Off 12% Workforce to Fund Growth
Ava Labs CEO Emin Gün Sirer emphasized that the company is well-positioned with ample runway and resources at its disposal. The developer of the Avalanche Blockchain, Ava Labs, has verified that in a recent round of staff reductions, it terminated 12% of its workforce, citing the need to reallocate resources. Emin Gün Sirer, the company’s […]
Lawmaker Suggests Lowering SEC Chief Gary Gensler’s Pay to $1
The proposal to significantly reduce funding for the SEC and other government agencies is outlined in the Financial Services and General Government bill. A lawmaker from the United States proposes that Gary Gensler, the chairman of the Securities and Exchange Commission, be remunerated at a rate of $1 per annum. In a proposed amendment to […]