Month: August 2022

Brent Lewin | Bloomberg via Getty Images About a year ago, online retailer Packable was preparing to go public through a special purpose acquisition company. With the SPAC market having evaporated and the economy now sputtering, Packable is laying off staff and preparing to liquidate, according to internal documents reviewed by CNBC. Packable is the
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A parliamentary panel reportedly grilled Big Tech firms including Apple, Google, Amazon, Facebook, Twitter, Netflix, and Uber on alleged anti-competitive practices on Tuesday. The panel discussed a legal framework to ensure fair competition in the country, according to a report. The move comes shortly after the European Union passed the Digital Markets Act, which goes into
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Bitcoin (BTC) experienced a 16.5% correction between Aug. 15 and Aug. 19 as it tested the $20,800 support. While the drop is startling, in reality a $4,050 price difference is relatively insignificant, especially when one accounts for Bitcoin’s 72% annualized volatility. Currently, the S&P 500’s volatility stands at 31%, which is significantly lower, yet the
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Bitcoin (BTC) price remains pinned below $22,000 as the lingering impact of the Aug. 19 sell-off at $25,200 continues to be felt across the market.  According to analysts from on-chain monitoring resource Glassnode, BTC’s tap at the $25,000 level was followed by “distribution” as profit-takers and short-term holders sold as price encountered a trendline resistance
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Fire-Boltt Hulk smartwatch has been launched in India today. The smartwatch comes with several features including Bluetooth calling, 1.78-inch AMOLED display, and inbuilt voice assistant. The wearable from Fire-Boltt also supports over 100 sports modes and multiple health tracking features including heart rate tracking, SpO2 monitoring, and sleep monitoring among others. The Fire-Boltt Hulk also
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Gravity Rush is gearing up for a movie adaptation. As per Deadline, Sony’s PlayStation Productions unit and Ridley Scott’s Scott Free Productions are developing a live-action adaptation of the 2012 Japanese sci-fi action video game. Anna Mastro (Secret Society of Second Born Royals) is attached to direct from a screenplay penned by Emily Jerome (Panopticon),
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A former Twitter security chief has alleged in a complaint with the US Securities and Exchange Commission (SEC), the US Federal Trade Commission (FTC) and the Department of Justice (DoJ), that the Indian government compelled the microblogging service to place a government agent on its staff, according to a report. The security expert has also alleged that Twitter
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