Archive for the ‘finance’ category: Page 11

Dec 28, 2022

Kenya Case Study Part I: M-PESA story

Posted by in categories: finance, space

“M-PESA”: that is a name in global fintech history that can never be erased. Not that anybody would want to. Forever it will be the perfect example of a viable financial ecosystem based on rules unthinkable before. A living masterpiece that was created by a mosaic of unique circumstances, choices and risks taken at a particular time and place, and that continues to evolve in the changes it brought to the country.

Since I’m neither a local, nor deeply involved with the African markets (yet), I would not dare to simply impose my DIY analytics on my readers. Instead, I invite you to listen to my conversation with M-PESA’s own Kevin Amateshe reflecting on Kenya’s digital financial services space, M-PESA’s role, the past, present and future:

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Dec 25, 2022

Israel regulator awards license to investors to set up new digital bank

Posted by in category: finance

Israel’s banking regulator on Sunday approved a conditional license and control permit for a group of entrepreneurs to establish a new online bank, the second addition to the highly concentrated banking sector in three years.

The Bank of Israel said its banking supervision department had completed the inspection process for the new institution named Esh Bank Israel.

The approvals, it said, will allow the founders to move forward and complete the mechanical, operational and regulatory preparations required for the start of the bank’s activities.

Dec 23, 2022

Trey Parker And Matt Stone’s Deep-Fake Studio Deep Voodoo Secures $20 Million Funding Round

Posted by in categories: entertainment, finance, robotics/AI

Trey Parker and Matt Stone’s AI studio Deep Voodoo said Wednesday that it has secured a $20 million in an investment round led by Connect Ventures. The South Park creators’ startup said it will use the capital to accelerate its development of deep-fake technology, VFX services and original synthetic media projects.

Connect Ventures is an investment partnership between CAA and venture capital firm New Enterprise Associates and represents the first outside capital raise for Deep Voodoo, which was previously funded by Parker and Stone’s entertainment company Park County.

Parker and Stone originally began building out their deep fake technology in early 2020, assembling a team of artists for a feature film they had developed. When the film was suspended amid the Covid shutdown, they pivoted to building out those deep-fake tools.

Dec 21, 2022

GodFather Android malware targets 400 banks, crypto exchanges

Posted by in categories: cryptocurrencies, cybercrime/malcode, finance, robotics/AI

An Android banking malware named ‘Godfather’ has been targeting users in 16 countries, attempting to steal account credentials for over 400 online banking sites and cryptocurrency exchanges.

The malware generates login screens overlaid on top of the banking and crypto exchange apps’ login forms when victims attempt to log in to the site, tricking the user into entering their credentials on well-crafted HTML phishing pages.

The Godfather trojan was discovered by Group-IB analysts, who believe it is the successor of Anubis, a once widely-used banking trojan that gradually fell out of use due to its inability to bypass newer Android defenses.

Dec 21, 2022

The cloud out of space? Scientists scrambling to prevent global data storage crisis

Posted by in categories: computing, finance

BIRMINGHAM, United Kingdom — Servers around the world could soon face a massive data storage crunch, thanks to the “mind-blowing amount” of information people store digitally every day.

Researchers from Aston University say the global datasphere — the total amount of data worldwide — will increase by 300 percent within the next three years. Currently, all of this data sits in banks of servers stored in huge warehouses (data centers).

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Dec 20, 2022

[Chapter 1] What is money and how do we use it?

Posted by in categories: economics, finance

Welcome to the first chapter of our audiobook on personal finance! In this chapter, we’ll be exploring the basics of money and how we use it in our daily lives. We’ll cover topics like what money is, how we earn it, and how we can use it to buy the things we need and want. We’ll also talk about the different forms money can take, like cash, checks, and credit cards. Whether you’re just starting to learn about personal finance or you’re looking to brush up on the basics, this chapter is a great place to start. So grab a pair of headphones, sit back, and let’s get started!

Dec 18, 2022

Could Twitter Be Elon Musk’s ‘Greatest Investment Ever’? Jim Cramer Isn’t Betting Against The ‘Underestimated’ Tesla CEO

Posted by in categories: Elon Musk, finance, sustainability, transportation

In April, Tesla Inc TSLA CEO Elon Musk said he was done selling Tesla shares to help finance his ongoing overhaul at Twitter.

Since then, he jettisoned more than $20 billion worth of Tesla stock and has continued the selling spree this week.

As the stock continues to skid, Jim Cramer sees an electric buying opportunity.

Dec 17, 2022

Stentrode brain computer interface online in first two human patients

Posted by in categories: biotech/medical, computing, cyborgs, finance, neuroscience

Synchron, a neurovascular bioelectronics medicine company, today announced publication of a first-in-human study demonstrating successful use of the Stentrode™ brain-computer interface (BCI), or neuroprosthesis. Specifically, the study shows the Stentrode’s ability to enable patients with severe paralysis to resume daily tasks, including texting, emailing, shopping and banking online, through direct thought, and without the need for open brain surgery. The study is the first to demonstrate that a BCI implanted via the patient’s blood vessels is able to restore the transmission of brain impulses out of the body, and did so wirelessly. The patients were able to use their impulses to control digital devices without the need for a touchscreen, mouse, keyboard or voice activation technology. This feasibility study was published in the Journal of NeuroInterventional Surgery (JNIS), the leading international peer-review journal for the clinical field of neurointerventional surgery, and official journal of the Society of NeuroInterventional Surgery (SNIS).

Dec 16, 2022

Elon Musk sells nearly $3.6 billion of Tesla stock this week

Posted by in categories: Elon Musk, finance, sustainability, transportation

Making the total amount of sold Tesla stocks nearly $40 billion over the past year.

Tesla CEO, Elon Musk, has been on a selling spree of his company’s stock this year. Earlier this week, Musk sold 22 million shares over a period of three days, a filing with the U.S. financial regulator has revealed, the BBC

Musk, who rose to the top of the world’s wealthiest people list last year riding on Tesla stock price, has spent most of 2022 dealing with this start-again-stop-again campaign to acquire Twitter. Musk, who was quite secretive about acquiring Twitter stock at the beginning of the year, shocked many by declaring his intent to buy out the social media company and take it private.

Dec 16, 2022

FTX caught depositing 8 billion dollars of customer money into secret accounts

Posted by in categories: economics, finance

In a move to protect SBFs hedge fund from losing billions software code was altered.

Sam Bankman-Fried owned Alameda Research, a hedge fund heavily invested in FTX. In move to make sure the hedge fund assets were never sold off, when FTX began to have issues, an engineer secretly changed software code in the FTX system. The software would have sold off all Alameda Research assets, just like any other companies that were owned, in the case of FTX filing for bankruptcy.

Getty Images.

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