Technology · May 10, 2021 · 7:44 PM UTCCryptocurrency ethereum hits new record high again; dogecoin slumps
Cryptocurrency ethereum climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralized finance or "DeFi", although some analysts said it was overvalued at current levels.
TechnologyFactbox: Five facts about ransomware attacks
A ransomware attack on top U.S. fuel pipeline operator Colonial Pipeline has brought attention to the growing area of cybercrime.
United KingdomUK's THG to raise $1 bln; SoftBank unit to fund large portion
THG Plc (THG.L) is raising $1 billion in fresh capital, including about $730 million from a unit of SoftBank Group (9984.T), and the remainder from other investors, the UK-based consumer brands company said on Monday.
TechnologyUBS exploring ways to offer crypto investments to clients -Bloomberg
Swiss bank UBS (UBSG.S) is exploring ways to offer wealthy customers digital currency investments, Bloomberg reported on Monday, citing people familiar with the matter.
BusinessWorkhorse shares skid as electric truck maker cuts production target
Shares of Workhorse Group Inc (WKHS.O) slumped 9% on Monday, after the electric truck maker reported quarterly revenue that was about a fifth of what Wall Street expected, prompting the company to slash its annual production target by nearly half.