Solana, the digital token backed by fallen crypto mogul Sam Bankman-Fried, is starting the year strong after a 94% plunge in 2022. Traders are looking for evidence that the selloff is overdone after a supportive Dec. 29 tweet from Ethereum co-founder Vitalik Buterin. Don’t look for Solana to regain its highs anytime soon though: The coin remains 95% below its November 2021 peak.
Before its collapse, FTX had made inroads and investments into crypto-based gaming, and was a vocal supporter of the sector. Now what?
It’s been almost two years since an Arabian sandstorm roiled the world’s supply networks by nudging a 1,300-foot-long container ship into the muddy bank of the Suez Canal.
South Korea’s antitrust watchdog will fine Tesla Inc. 2.8 billion won ($2.2 million) for alleged violations of advertising law.
As leaders in the Middle East use oil and gas wealth to gain influence and shake up economies, in Kuwait there’s concern the country is going backwards.
India has drafted regulations for the first time to oversee areas of online gaming that fall into a gray area between gambling and entertainment, seeking to resolve growing complaints of addiction particularly among minors.
Malaysia expects “some kind of finality” in its review of the 5G mobile services contract by this quarter, said Communications Minister Fahmi Fadzil, amid fears that it would delay the rollout of the high-speed network.
In three decades at Samsung Electronics Co., Yang Hyang-ja helped shape the 84-year-old conglomerate’s present dominance in global memory chipmaking. Now, she’s taking on a far broader challenge: ensuring Korea remains relevant as the US and China fight over semiconductors.
South Korea’s government plans to hike tax breaks for big chip companies’ capex to as much as 25%, after President Yoon Suk Yeol called for bigger incentives to fuel the critical sector.
Foxconn Technology Group has brought the world’s largest iPhone plant to about 90% of anticipated peak capacity, suggesting Apple Inc.’s biggest main production partner has secured enough workers despite a Covid resurgence and recent staff upheaval.
