Startups

Why 2022 Was A Tough Year For Tech Firms Seeking Funding

With the plummeting NASDAQ, rising inflation and interest rates, war in Ukraine and nervous investors, a tough year for startups.

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FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his arraignment and bail hearings on December 22, 2022 in New York City. Bankman-Fried, who was indicted on December 9th and arrested 3 days later by Bahamas law enforcement at the request of U.S. prosecutors, consented to extradition to the U.S. where he is facing eight criminal counts of fraud, conspiracy and money-laundering offenses which includes making illegal political contributions. He is potentially facing life in prison if convicted. DAVID DEE DELGADO/BENZINGA

Sam Bankman-Fried Fights To Keep Control Of $450M In Robinhood Shares As Creditors Circle

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ: HOOD), currently worth around $450 million

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Citibank building in Canada Square, at the heart of Canary Wharf financial district on 14th October 2022 in London, United Kingdom. Canary Wharf is an area located near the Isle of Dogs in the London Borough of Tower Hamlets and is defined by the Greater London Authority as being part of London's central business district. Citigroup considered partnering with Alameda Research, a now-bankrupt crypto trading firm, to launch a crypto lending business in 2020, but decided against it due to concerns about the firm's lack of risk management. MIKE KEMP/BENZINGA

Citigroup Passed On Alameda Research Partnership Due To Lack Of Risk Management: Report

Banking giant Citigroup considered partnering with Alameda Research, now-bankrupt crypto trading firm, to launch a crypto lending.

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Expert Suggests Bright Future For Some Electric Vehicle Stocks In 2023

EVs may be picking up traction among consumers but the rout in the financial markets in 2022 made sure no sector was spared.

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Israel Launches Million Dollar Autonomous Public Transportation Pilot

Israel's Innovation Authority announced the launch of a pilot program to study the viability of using autonomous public buses

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A panorama of Jerusalem (KATIE CHEN VIA UNSPLASH)

Will Eastern Jerusalem Become Israel’s Newest High-tech Hub?

A new project to create a tech hub is set to transform Israel’s most populous city.

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Melodea’s cellulose nanocrystal coating is sourced from wood pulp. Nanocrystals are a naturally abundant and renewable alternative to environmentally harmful materials. MELODEA

Plastic-free Packaging Solution Enters US Market

Melodea’s eco-friendly coating protects packaged goods from oxygen, oil and grease transmission.

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Signs of the Likud party are displayed on the side of the building, where the party's staff offices are located, in Tel Aviv, Israel, on November 1, 2022. During October, Israeli startups reported more than $700 million in fundraising rounds. DANIEL ROLIDER/GETTY IMAGES

Despite Funding Freefall, Israeli Firms Still See Capital

In October, Israeli startups reported more than $700 million in fundraising rounds.

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Photo by Maximilian Partenfelder/Greenteam via SWNS

Tiny Car Breaks Record For fastest Accelerating Electric Vehicle

Weighing around 319 pounds, the GreenTeams' carbon racing car exerts forces similar to a rocket returning to Earth

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