Technology
Canva drops US$7.1B in investor valuation
Canva saw its external valuation fall by US$7.1 billion amid rising artificial intelligence costs.
Liezl Gambe
Finance JournalistFinance journalist at Grafa with years of experience covering Asia-Pacific financial markets at S&P Global, Mortgage Ezy, and GMA Network.
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Cryptocurrency
Bitcoin security scan identifies 7,958 code issues
A Bitcoin security review identified 7,958 code issues after the Bitcoin Red Team analysed the Bitcoin (CRYPTO:BTC) codebase using the Kimi K3 AI model.
Economy
Productivity Commission reports $23B GST reform cost
The Australian Productivity Commission stated 2018 GST reforms have cost taxpayers $23 billion since inception.
Mining
Catalyst Metals expands credit facility to $200M
Catalyst Metals (ASX:CYL) increased its corporate credit facility to $200 million, bringing total treasury resources to $531 million.
Crime/Justice
French couple lists home after crypto invasions
A French couple is selling their home after three alleged crypto-linked home invasions targeted their family.
Oil and Gas
Equus Energy signs gas sales agreement with Alcoa
Equus Energy (ASX:EQU) executed a binding conditional gas sales agreement with Alcoa (NYSE:AA) of Australia.
Investment
SEC reviews Franklin Templeton onchain fund proposal
The US Securities and Exchange Commission is reviewing a proposal that would allow certain Franklin Templeton funds to invest in an onchain money market fund.
Retail
Nick Scali hit by cybersecurity breach
Nick Scali (ASX:NCK) disclosed a cybersecurity incident that forced the company to take specific operating systems offline.
Government
SEC delays tokenisation exemption proposal again
The US Securities and Exchange Commission is expected to delay a proposed innovation exemption for tokenised securities again.
Technology
L1 Group launches 50/50 joint venture PXC Advisors
L1 Group (ASX:L1G) launched a 50/50 joint venture named PXC Advisors with Dr Andrew Lin.