Techno

Latest news update about Technology from various trusted source.

Penpot, an open-source rival to Figma, raises $8 million

It’s been 13 days since Adobe announced its plan to spend $20 billion on Figma, the maker of popular design software. In that time, an open-source alternative called Penpot has seen a surge in activity. Now, Penpot has fresh capital to fuel that growth. related investing news Netflix gets upgrade …

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South Korea seeks to freeze bitcoin linked to UST, luna founder

South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images South Korean authorities …

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A sheep game is going viral in China despite tight gaming regulation

A young Beijing company’s game called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING — A new game that’s gone viral in China hit people’s screens with surprising speed at a time when gaming giants such as NetEase have waited months for approval …

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Amazon closes some warehouses in Florida as Hurricane Ian approaches

Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon is temporarily closing warehouses in parts of Florida as Hurricane Ian churns toward the state. The company on Tuesday …

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Intel says Moore’s Law is still alive. Nvidia says it’s ended.

Patrick Gelsinger, Intel CEO, at the WEF in Davos, Switzerland on May 23rd. 2022. Adam Galica | CNBC Two of the most important American semiconductor companies disagree about the pace of chip advancements and whether Moore’s Law still applies. Intel CEO Pat Gelsinger said on Tuesday at a company launch …

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Celsius CEO resigns in the middle of bankruptcy proceedings

Alex Mashinsky, founder and chief executive officer of Celcius Network Ltd., during a panel session at the Blockchain Week Summit in Paris, France, April 13, 2022. Benjamin Girette | Bloomberg | Getty Images Celsius Network CEO Alex Mashinsky submitted a letter of resignation Tuesday, months after the crypto company filed for …

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Crypto exchange FTX is replacing its U.S. president

Brett Harrison, FTX Source: CNBC Brett Harrison, the U.S. president of the crypto exchange FTX, announced his resignation on Tuesday, with the company in the midst of a massive expansion effort. Harrison said on Twitter that he will be moving into an advisory role at the company and said he …

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Crypto lender Nexo obtains U.S. bank charter through acquisition deal

The crypto market has been battered this year, with nearly $2 trillion wiped off its value since its peak. Jonathan Raa | Nurphoto | Getty Images Cryptocurrency lender Nexo on Tuesday announced it has taken a stake in a federally-regulated U.S. bank, paving the way for the company to offer …

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SEC fines Oracle $23 million for allegedly bribing foreign officials

A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Oracle has settled with the Securities and Exchange Commission after it was charged with violating the Foreign Corrupt Practices Act for a second time, the SEC announced Tuesday. The …

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China alleges U.S. NSA hacked infrastructure, sent data back to HQ

Beijing has for a long time accused the U.S. of carrying out cyberattacks on Chinese targets. But more recently, it has accused the U.S.’s National Security Agency of hacking specific targets. Beebright | Istock | Getty Images China accused a top U.S. spy agency of stealing Chinese user data and …

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