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Forex And Gold Updates

Jun 23, 2022
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Naked Wines shares tumble after warning
The world’s oldest bank to cut 4,000 jobs, raise €2.5 billion

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  • South Korea’s chip stockpile has jumped 53.4% YoY in May, the most in more than four years, suggesting a slowdown in demand for memory chips
  • GetVantage offers revenue-based financing to India’s founders – TechCrunch
  • Samsung begins mass production of 3nm chips touting a 45% reduction in power usage, a 16% smaller surface area, and 23% better performance compared to 5nm chips
  • Tel Aviv-based Cyolo, maker of zero trust security tech enabling secure connection to workplaces, has raised a $60M Series B, bringing its total raised to $85M
  • Google Workspace head Javier Soltero, who managed Google’s productivity and collaboration tools including Gmail and Meet, is leaving the company on July 15
  • Grayscale Investments sues the US SEC after the agency rejected its application on Wednesday to convert its flagship Grayscale Bitcoin Trust product to an ETF
  • Sources: Byju’s has laid off 1,500+ staff from Toppr and WhiteHat Jr, two companies it acquired in the past two years, and ~1,000 from its core operations teams
  • Carbon monoxide foam in the rectum eases bowel disease in mice
  • Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance
  • Researchers say some businesses are exaggerating AI’s capabilities, brewing misunderstanding and distorting policymakers’ views of AI’s power and fallibility

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