Technology

Bitcoin Slips After Best Month of 2022 as Traders Weigh Recovery

Bitcoin declined after reaching the highest levels since mid-June on Saturday amid optimism that the market may have recovered from its worst levels. The largest cryptocurrency dropped as much as 3.6% to $22,958 on Monday after breaking above $24,000 over the weekend, its highest since mid-June. Its 27% gain in July made for the best […]

Technology

Pakistan OneLoad Raises Funds as Fintech Competition Picks Up

Pakistan’s fintech OneLoad, which targets micro-retailers, has raised $11 million to fund a growth phase as it focuses on tapping the world’s third-largest unbanked population. The latest investment round was led by Sarmayacar and Shorooq Partners, with participation from the Bill & Melinda Gates Foundation’s Strategic Investment Fund, its first investment in Pakistan. OneLoad’s android […]

Technology

Thai Crypto-Bourse Deal Stuck in Due Diligence, Co-Founder Says

A deal to sell a majority stake in Thailand’s largest crypto exchange to the nation’s oldest bank remains stuck in due diligence more than eight months after the plan was unveiled, according to the platform’s co-founder. The proposal with SCB X Pcl that helped propel Bitkub Online Co. into a so-called unicorn has yet to […]

Technology

Indonesia Briefly Blocks PayPal in Move to Police Its Internet

Indonesia began blocking websites from gaming store Steam to digital wallet PayPal Holdings Inc. over the weekend, making good on promises to bar internet services that don’t register locally and submit to a tightening regulatory regime. The government briefly barred PayPal from operating, before backtracking to give the digital wallet operator an additional five days […]

Technology

Pearson Says Blockchain Could Make It Money Every Time E-Books Change Hands

The chief executive officer of Pearson Plc, one of the world’s largest textbook publishers, said he hopes technology like non-fungible tokens and the blockchain could help the company take a cut from secondhand sales of its materials as more books go online. The print editions of Pearson’s titles — such as “Fundamentals of Nursing,” which […]

Technology

Baidu-Backed Carmaker Jidu Seeking $400 Million in Funding, Sources Say

An autonomous electric vehicle startup backed by Chinese tech giant Baidu Inc. is considering raising about $300 million to $400 million in fresh funds, according to people familiar with the situation. Jidu Auto, a joint venture set up by Baidu with China automaker Zhejiang Geely Holding Group, is sounding out potential investors and could seek […]

Technology

Uber Misses Out on Reopening Trade as Investors Crave Profitability

Consumers have rediscovered the desire to travel following the pandemic, but the reopening trade isn’t filtering through to ride-hailing companies, which are poised to report quarterly results in an unfriendly environment for the stocks. Shares of both Uber Technologies Inc. and Lyft Inc. have struggled throughout 2022, extending long-standing slumps as they fail to live […]