November 23, 2023 BY Elizabeth Anderson

Broadcom scoops up VMware for $69bn after Chinese regulatory approval

The $69bn deal is one of the biggest in the international tech arena and became public knowledge in May 2022. This announcement triggered worldwide regulatory scrutiny, starting a lengthy back-and-forth before obtaining the go-ahead from China and the European Commission. China gave its stamp of approval on Tuesday, which effectively dotted and crossed all requirements.…

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LMAX Group partners with SIX
November 23, 2023 BY Elizabeth Anderson

LMAX Group granted a Recognised Market Operator Licence from the Monetary Authority of Singapore

Clients can now hedge their FX exposure against non-convertible currencies on a Central Limit Order Book (CLOB). Transparent price discovery, efficient market structure, firm limit order market data, deeper liquidity and streaming real-time will now be available to all participants. LMAX intends to create a more diversified offering for institutional investors. That results from a…

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November 23, 2023 BY Elizabeth Anderson

Another blockchain cyber attack: HTX and Heco Bridge in trouble

Despite initially appearing as separate, coincidental attacks, both incidents were allegedly performed by the same party due to the similarity in exploitative techniques and the connection between both targets. In response to the security breach, HTX exchange has taken precautionary measures by temporarily suspending withdrawals from its platform. _____________________________________________________________________________________________________________________________________ Don’t miss out the latest news,…

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November 22, 2023 BY Elizabeth Anderson

Indian Rupee rises above market obstacles

Despite these challenges, experts anticipate a combination of lower oil prices and steady core inflation may play a mitigating role to counteract inflationary risk. The Reserve Bank of India (RBI) is also closely monitoring external financial factors that could influence the Rupee's value and the country's payment balances. This comes after the UK released its…

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November 22, 2023 BY Elizabeth Anderson

Creditor seizes two luxury homes of Evergrande chairman

Situated in The Peak, one of the most prestigious suburbs in Hong Kong, the properties have a collective value of more than HKD 1.5bn. Expected to take mansions over within the next few days, the unnamed creditor submitted the necessary documentation for the seizure on Tuesday. Reportedly, Hui, who owns these luxury residential properties, pledged…

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November 22, 2023 BY Elizabeth Anderson

Palantir Technologies heads group developing £330m NHS data platform

Palantir is known for its intelligence-driven software systems. This NHS project aims to boost the networking capabilities between health and care organisations to the benefit of their patients. Earlier, many raised an eyebrow when the NHS appointed Palantir to handle the transitions needed to start the data platform without inviting competitors to quote. This particular…

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November 21, 2023 BY Elizabeth Anderson

Could approved Bitcoin ETF begin a $100bn crypto market value?

Fuelling this prevailing crest of excited anticipation, the probable involvement of reputable investment giants such as BlackRock, Fidelity, and Invesco stirred speculations that the spot-Bitcoin ETF will achieve a $100bn market value in due course. Reportedly, Galaxy Digital Holdings Ltd. (GLXY.TO) conferred with about 300 investment professionals about Bitcoin allocations as the ETF approval and…

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November 20, 2023 BY Elizabeth Anderson

Apple hires hackers to break iPhone 15s security

Apple noted that the A17 Pro chip delivers the most efficient and well-rounded graphics performance of all their mobile models so far, noting it as an “entirely new class of iPhone chip”. This self-hired cyber-attack comes after the company released Lockdown Mode, which aided the protection of devices against highly sophisticated, rare cyber security breaches.…

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