Author: Zech
One of the common questions asked by the startup ecosystem is why India has not produced global giants like Google, Facebook or Apple. The answer is clear: these companies had the luxury of having access to abundant risk capital at every stage of their growth. In India, the total amount of risk capital available to startups is around USD 12 billion. This is a paltry amount considering that there are over 100,000 startups registered in the country. Building a technologically unique company requires two key ingredients: abundant institutional capital (venture capital) and a culture that celebrates failure as much as…
July 27, 2024Newsroom Malware/Cyber Intelligence French law enforcement officials, working with Europol, have launched a so-called “cleanup operation” to remove hosts infected with a known piece of malware called PlugX. The Paris prosecutor’s office said the effort was launched on July 18 and is expected to continue for “several months.” He added that around 100 victims in France, Malta, Portugal, Croatia, Slovakia and Austria have already benefited from the cleanup efforts. The development comes roughly three months after French cybersecurity firm Sequoia revealed that it spent $7 in September 2023 to take down command-and-control (C2) servers linked to the PlugX…
FARNBOROUGH: Two start-ups from Japan’s Fukushima prefecture are showcasing drones they have developed at this year’s Farnborough International Airshow, held in Farnborough, Hampshire, southern England, from Monday to Friday.By developing sales channels overseas, Eames Robotics and the Space Entertainment Laboratory aim to eventually mass-produce the robots in the prefecture, which has recovered from the effects of the Great East Japan Earthquake and the Fukushima Daiichi Nuclear Power Plant accident.This was Eames Robotics’ first time exhibiting at an overseas event. Founded in Minamisoma City in 2016, the company unveiled a test model of a rotor drone capable of carrying up to…
In a significant development in the Decentralized Finance (DeFi) space, YouSUI, the leading all-in-one platform of Sui Network, has announced a $1 million strategic investment Memorandum of Understanding (MOU) with FZF Ventures and Layer-OTC. This funding commitment aims to accelerate YouSUI’s mission to provide a comprehensive and seamless DeFi experience and facilitate their strategic transition to the Movement Blockchain. YouSUI presents itself as a multi-purpose platform offering a wide range of services including a decentralized exchange (DEX), launchpad, NFT marketplace, social platform, bridge, etc. This integrated ecosystem allows users to take part in a variety of activities including trading, participating…
In a significant development for blockchain gaming, Reality Metaverse has released Reality Rush, the first city-building game on the TON blockchain and Telegram platform. The innovative game blends the popular city-building genre with cutting-edge blockchain technology to provide players with an engaging gaming experience and tangible rewards in the real world. Reality Rush allows players to build the city of their dreams by tapping to earn RP points, unlocking famous landmarks, and managing various city services. The game incorporates several compelling mechanics, including energy management, loot boxes containing famous buildings, and a merger system that boosts building rewards. These features…
In a significant move towards blockchain education and adoption in Central America, leading cryptocurrency trading platform Gityer Exchange has signed a Memorandum of Understanding (MOU) with the Government of Panama. The partnership aims to jointly promote education and adoption of blockchain technology, accelerating the development and application of the technology in the region. Founded in 2012, Gityer Exchange has grown to become a major player in the global cryptocurrency market. The platform is known for its high security standards, innovative technology and user-friendly service. It offers a wide range of cryptocurrency trading options, including spot and derivatives trading, and implements…
July 27, 2024Newsroom Cybersecurity / Cloud Security Cybersecurity researchers have discovered a malicious package in the Python Package Index (PyPI) repository that targets Apple macOS systems and aims to steal users’ Google Cloud credentials from a limited number of victims. The package, named “lr-utils-lib”, was downloaded a total of 59 times before being removed. The package was uploaded to the registry in early June 2024. “The malware targets specific macOS machines using a list of predefined hashes in an attempt to harvest Google Cloud authentication data,” Checkmarx researcher Yehuda Gelb said in the report on Friday. “The harvested credentials are…
StockNews.com raised Magic Software Enterprises (NASDAQ:MGIC – Get Free Report ) from a “buy” rating to a “strong buy” rating in a research note issued on Saturday. Magic Software Enterprises shares fell 0.3% MGIC opened trading at $11.68 on Friday. The company has a market capitalization of $573.49 million, a price-to-earnings ratio of 16.00 and a beta of 1.06. Magic Software Enterprises Inc.’s one-year low and high are $8.15 and $13.20. The company’s 50-day moving average is $10.63 and 200-day moving average is $11.03. The company’s current ratio is 1.69, quick ratio is 1.69 and debt-to-equity ratio is 0.14. Magic…
LOS ANGELES (KABC) — Video game performers voted to strike Thursday, bringing parts of the entertainment industry back into strike action after talks for new contracts with major game studios collapsed over protections for artificial intelligence.”I’ve been in over 300 games and played probably over 500 characters, so I’m very involved in the industry,” said JB Blanc, one of the thousands of video game actors taking part in the strike. “I think this is the biggest existential threat we’ve faced as actors.”The Screen Actors Guild/American Federation of Television and Radio Entertainers (SAG-AFTRA) has been negotiating with video game developers (see…
NEW DELHI: Union Minister of State for Commerce and Industry Jitin Prasada recently announced in the Rajya Sabha that the number of startups in India has surged to over 140,000. In a written reply, Prasada said Maharashtra has 25,044 registered startups, more than any other state, followed by Karnataka with 15,019, Delhi with 14,734, Uttar Pradesh with 13,299 and Gujarat with 11,436.He further highlighted various initiatives of the government to nurture and support the startup ecosystem in the country. The government launched the Startup India initiative on January 16, 2016 to build a strong ecosystem that nurtures innovation, startups and…