Crypto hedge fund Three Arrows Capital is seeking protection from creditors in the US under chapter 15 of the US Bankruptcy Code.
Author: Agency Staff
A US regulator has filed civil charges against a South African man and his company for operating a fraudulent commodity pool worth over R28-billion in bitcoin.
Meta Platforms has cut plans to hire engineers as CEO Mark Zuckerberg warned employees to brace for a deep economic downturn.
The rand tumbled on Thursday to its lowest level since October 2020 as electricity cuts renewed pressure on the currency.
The turmoil in the cryptocurrency industry has taken a toll on a corner of the tech world that once benefited from crypto’s rise.
Small businesses, still reeling from the impact of the Covid-19 pandemic, are now under further strain during the worst power cuts in over two years.
Samsung Electronics has begun mass-producing chips with advanced 3-nanometre technology, the first to do so globally.
Eskom said there was still a high level of absenteeism among its workforce due to a strike and that it could take weeks to clear a maintenance backlog.
Eskom is offering workers a 7% wage increase after the utility lost units during illegal protests that plunged South Africa into the worst blackouts since 2019, sources said.
Napster, the brand that became synonymous with free music to a generation of consumers, plans to rebuild its business around cryptocurrencies.











