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The Arm filing confirmed that the deal with Apple will last beyond 2040, while assuring that its relationship with other tech giants continue. Apple (NASDAQ: AAPL) has signed a deal with Softbank’s chip designer firm Arm that will last through 2040 and beyond, according to a filing with the United States Securities
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Only 9.5% of the Arm American Depository Shares would be available to the general public at the IPO, while SoftBank retains the rest. Chip design company Arm may be looking for up to $4.87 billion in funding at the conclusion of its upcoming initial public offering (IPO), which could put the
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Binance Labs announced investments in four incubator projects and participated in a round for privacy infrastructure startup zkPass. Source
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Binance has declined to comment on a media report that its CEO Changpeng Zhao almost shuttered the crypto trading platform’s arm in the United States in an effort to protect its global company.Citing anonymous sources, the tech media outlet reported that the board of directors of Binance’s U.S. entity, Binance.US, initiated
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The crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding’s attempts to leave its mark in the digital asset space.Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary, announced on Aug. 1 that the new virtual asset
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Laser Digital, the digital asset asset subsidiary of financial services giant Nomura, has received an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA), the final stage of the licensing process, the company said in a statement Tuesday. Original Source
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FTX’s efforts to claw back customer funds are continuing. Alameda Research and FTX filed suit on July 19 seeking the return of $71.6 million in allegedly commingled corporate and customer funds related to investments and donations to life sciences companies.The defendants in the suit are six life sciences companies, the
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The lending pool aims to raise funds from crypto funds, decentralized autonomous organizations (DAO), venture capital firms, family offices and high-net worth individuals, and will lend to web3 native businesses in sectors including asset management, infrastructure and liquidity providers. Source
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Dubai and its sibling hub Abu Dhabi were rated tops in the regulatory structure, the most heavily weighted criterion at 35% of the total score. But the impact was blunted by the UAE’s bottom-quintile crypto adoption score, indicating that the larger population of the UAE is not as crypto-savvy as
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CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has received a crypto custody license in France, according to the regulator's website on June 20. CACEIS claims to be a European leader in asset servicing, offering services from clearing and fund administration to middle office outsourcing for asset managers, insurance
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