FCA-regulated Fasanara Capital raises 0M crypto and fintech VC fund

FCA-regulated Fasanara Capital raises $350M crypto and fintech VC fund

London-based asset manager Fasanara Capital has launched a $350 million investment fund to back fintech and cryptocurrency startups that can deliver new use cases for the emerging Web3 economy.  The company, which manages $3.5 billion in assets, is targeting early-stage startups in the fintech and crypto spheres. It plans to…

Elon Musk’s ‘Tesla Funding Secured’ Tweet Inaccurate and Reckless, Says Court

Elon Musk’s ‘Tesla Funding Secured’ Tweet Inaccurate and Reckless, Says Court

A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. The decision by US District Judge Edward Chen of San Francisco is a major…

Debt Crisis, Neocolonialism and Geopolitical Rivalry — Global Issues

Debt Crisis, Neocolonialism and Geopolitical Rivalry — Global Issues

Opinion by Asoka Bandarage (washington dc) Wednesday, May 11, 2022 Inter Press Service WASHINGTON DC, May 11 (IPS) – Sri Lanka is in the throes of an unprecedented economic crisis. Faced with a shortage of foreign exchange and defaulting on its foreign debt repayment, the country is unable to pay for…

Terra ‘rescue plan’ still at large as LUNA falls below , Bitcoin spikes to ‘8K’ in UST

Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to ‘$138K’ in UST

Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding cryptoassets. Data from Cointelegraph Markets Pro and TradingView showed both the firm’s in-house token, LUNA and stablecoin, TerraUSD (UST) seeing fresh heavy losses on the day. A dubious new…

Samsung AI EcoBubble Fully Automatic Washing Machine Range Launched in India, Starting at Rs. 41,600

Samsung AI EcoBubble Fully Automatic Washing Machine Range Launched in India, Starting at Rs. 41,600

Consumer electronics major Samsung on Tuesday launched its range of artificial intelligence-enabled bilingual AI EcoBubble fully automatic front load washing machines in India. The 2022 lineup of 40 models come with intelligent features such as AI wash, air wash technology and super speed cycle, Samsung said in a statement. “AI…