In a significant breakthrough, South Korea has publicly identified two North Korean hacker groups—Lazarus and Andariel—as the primary suspects behind the notorious $50 million cryptocurrency theft from Upbit, a leading cryptocurrency exchange. The hackers managed to siphon off 342,000 Ether (ETH) in 2019, which was valued at approximately $50 million then. The value of the […]
Reddit Resolved: A Lesson in Crisis Management and User Engagement
In a rapidly advancing digital landscape, even the most robust social media platforms are not immune to technical setbacks. Recently, Reddit experienced a significant service disruption due to a software bug introduced in a recent update. This incident serves to highlight both the operational challenges faced by tech companies and the importance of user communication […]
Huawei Aims to Mass-Producing Advanced AI Chip by 2025
In the world of technology, particularly within the realm of artificial intelligence, Huawei is preparing to take significant strides with its plan to mass-produce the Ascend 910C AI chip by early 2025. This move comes amidst ongoing challenges stemming from trade restrictions that have hindered the company’s production capabilities. As the U.S.-China tech rivalry intensifies, […]
Critical Insights for the Bio-Based Sector: Join the BioReCer Webinar
Scheduled for November 27, 2024, from 12:00 to 14:00 CET, the upcoming webinar organized under the BioReCer project offers a unique opportunity to engage with key developments in the bio-based sector. With registration free yet mandatory, this event is tailored for stakeholders eager to explore the challenges and opportunities that are intrinsic to sustainability and […]
Clean Skin Club’s Face Towel Raises $32 Million
In a significant move within the skincare sector, Clean Skin Club has secured $32 million in funding to propel its growth and expansion in retail. Led by Astō Consumer Partners, along with California-based Amberstone Ventures, this investment marks a pivotal moment for the brand, particularly following its successful entry into major retail outlets like Target. […]
How Beauty Brands Can Beat a Holiday Season Slowdown
As the holiday shopping season approaches, experts are predicting a modest growth in sales, posing a challenge for beauty brands. The National Retail Federation’s forecast indicates a mere 3.5% increase in U.S. holiday retail sales, the slowest rate in six years. Despite inflation easing from its peak, many shoppers are still feeling the financial pinch […]
The Ordinary CEO Nicola Kilner to Step Down
Nicola Kilner, the co-founder and longtime chief executive of Deciem, which is the parent company of the skincare phenomenon The Ordinary, has announced her decision to step down at the end of the year. While she will continue to play a role as co-founder, her leadership position will be transitioned to Jesper Rassmussen, the company’s […]
Super Micro Gains on New Auditor and Filing Extension
Super Micro Computer Inc. has experienced a remarkable 23% surge in its stock value following the announcement of significant measures addressing its recent financial reporting delays and challenges regarding potential delisting from Nasdaq. This transformation comes shortly after the company appointed BDO USA as its new independent auditor, replacing Ernst & Young, which had resigned […]
Indian IT Sector Seizes Opportunities Amid Political Changes
The potential return of Donald Trump to the White House has generated optimism within India’s burgeoning IT services sector. Prominent industry leader Rishad Premji, Executive Chairman of Wipro, recently indicated that Trump’s business-friendly policies are likely to invigorate client spending and provide a much-needed boost to India’s vast $254 billion IT industry. In a recent […]
Goldman Sachs Eyes Blockchain-Focused Spin-Off
In a significant strategic move, Goldman Sachs is actively considering the spin-off of its technology platform within its digital assets division. This decision reflects the bank’s desire to sharpen its focus on blockchain and cryptocurrency sectors, particularly as these markets undergo rapid changes. Mathew McDermott, Goldman Sachs’ global head of digital assets, has indicated that […]