Sunday, November 28, 2021

Sources: UK's CMA is expected to block Meta's proposed acquisition of Giphy (Financial Times)

Financial Times:
Sources: UK's CMA is expected to block Meta's proposed acquisition of Giphy  —  Move would be the first time the competition watchdog has reversed a Big Tech acquisition  —  The UK competition regulator is expected to block Meta's acquisition of online gif platform Giphy in the coming days …



Apple resumes product sales in Turkey, increasing prices by 25%

Apple recently closed its business in Turkey due to concerns about the sharp drop in the exchange rate of the Turkish lira and now a new report has claimed that the iPhone maker has resumed sales of products in the country. https://ift.tt/3CVRWH2

This device alerts risk of heart attack due to over exercising

There have been reports of sudden death of some film actors and other big personalities. Despite being healthy and young, these deaths happened due to cardiac arrest. Experts say a big reason for this is excessive exercise. https://ift.tt/3pbrCUq

Why Visa is complaining about RuPay to the US government

Visa Inc has complained to the U.S. government that India's "informal and formal" promotion of domestic payments rival RuPay hurts the U.S. giant in a key market, memos seen by Reuters show. In public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Modi that has included likening the use of local cards to national service. https://ift.tt/3ljREnl

Coinstore Crypto Exchange Enters India Despite Fear of Ban on Trade

Coinstore crypto exchange headquartered in Singapore has entered the Indian market despite concerns that the government might ban the trade of most private cryptocurrencies in the country. https://ift.tt/3xEtsB5

Amazon wants India to ‘cancel’ Reliance-Future deal, here’s why

Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained", violating an order suspending the deal, a letter seen by Reuters shows. https://ift.tt/3130e39

Cyber Monday sale in the US: Do check this before buying from international websites

https://ift.tt/3FUFWaO

Tips to reduce lag while playing mobile games online

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Deep Dive Into Decentralised Finance: Valuing DeFi Blockchains

DeFi system allows financial products to appear on a public blockchain network which is not regulated by a central bank or intermediary. There are other elements to DeFi like basic metrics and valuing... https://ift.tt/3FUBjgW

A look at the challenges spies face with biometrics, smartphones, and surveillance cameras, and how AI sifting through data changes espionage (Warren P. Strobel/Wall Street Journal)

Warren P. Strobel / Wall Street Journal:
A look at the challenges spies face with biometrics, smartphones, and surveillance cameras, and how AI sifting through data changes espionage  —  U.S., rivals seek ways to adapt spycraft to a changing world; being on the grid can blow your cover, but so can staying off



UK-based Motorway, a second-hand car auction site used by 4K+ car dealers, raises a $190M Series C at a $1B+ valuation after raising a $67.7M Series B in June (Mike Butcher/TechCrunch)

Mike Butcher / TechCrunch:
UK-based Motorway, a second-hand car auction site used by 4K+ car dealers, raises a $190M Series C at a $1B+ valuation after raising a $67.7M Series B in June  —  It was only in June that Motorway - a U.K. platform on which professional car dealers can bid in an auction for privately owned cars for sale …



Sky Mavis says its crypto-based game Axie Infinity quadrupled DAUs in under 3 months to 2M in October, as some analysts question Axie's economic sustainability (Financial Times)

Financial Times:
Sky Mavis says its crypto-based game Axie Infinity quadrupled DAUs in under 3 months to 2M in October, as some analysts question Axie's economic sustainability  —  Video game analysts are questioning the economic sustainability of pay-to-play ‘Axie’  —  Eight months ago …



Slice, whose credit cards are used by 5M+ people in India and let users pay their bills interest-free over three months, raises a $220M Series B (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Slice, whose credit cards are used by 5M+ people in India and let users pay their bills interest-free over three months, raises a $220M Series B  —  Rajan Bajaj, founder of fintech Slice, chimed in on a Twitter thread earlier this year and wondered aloud what he needs to do to turn his startup into a unicorn before he turns 30.



Vestager asks the EU Parliament and Council to approve the Digital Markets Act and the Digital Services Act as a matter of urgency, even if they are imperfect (Javier Espinoza/Financial Times)

Javier Espinoza / Financial Times:
Vestager asks the EU Parliament and Council to approve the Digital Markets Act and the Digital Services Act as a matter of urgency, even if they are imperfect  —  EU competition chief argues in favour of getting “80 per cent now than 100 per cent never”  —  Margrethe Vestager …



How "neo-conglomerates" like Apple, Amazon, Alphabet, Microsoft, and Meta replaced and outgrew industrial conglomerates like GE, Toshiba, and Johnson & Johnson (Christopher Mims/Wall Street Journal)

Christopher Mims / Wall Street Journal:
How “neo-conglomerates” like Apple, Amazon, Alphabet, Microsoft, and Meta replaced and outgrew industrial conglomerates like GE, Toshiba, and Johnson & Johnson  —  As General Electric and other old-school behemoths break up, Amazon, Apple, Alphabet, Microsoft and Meta are taking …



Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in international payments to counter Western sanctions (Gleb Bryanski/Reuters)

Gleb Bryanski / Reuters : Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in i...