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Fantasm Finance, a synthetic assets protocol, has revealed that it has suffered a security breach with nearly 1,007 ETH ($2.6 million) stolen from its platform.  A major hack attack  Fantasm Finance confirmed the hack attack on its protocol on Twitter and revealed that the event had occurred in the early hours of today. They further …

Fantom Finance Suffers Major Hack, $2.6 Million Worth of Ether (ETH) Stolen Read More »

Companies often use leverage to fund expansion projects without relinquishing any company ownership.  Jacek Dylag via Unsplash; Canva What Is Financial Leverage? In business, financial leverage is the use of borrowed capital—usually in the form of corporate bonds or loans—to finance operations in order to generate income. In order to grow in value, companies need …

What Is Leverage in Corporate Finance? Definition & Examples Read More »

The London Metal Exchange suspended the trading of nickel on Mar. 8 following a doubling in price in just two days to trade above $100,000 per ton. Mar. 8’s price was four times the price a week earlier. The price had been rising in recent weeks because of worries about supply chain disruptions due to Russia’s …

How the nickel crisis may impact Africa Read More »

When the demo day for Y Combinator’s winter cohort of startups begins later this month, Bloom will put Sudan on the American accelerator’s famed map for the first time. The barely year-old company was founded by Ahmed Ismail, a Sudanese former Barclays investment bank associate, and Youcef Oudjidane, an Algerian former managing partner at an …

Sudan has its first Y Combinator startup Read More »

If you want to help Ukraine, send cash, not things. After seeing the news of the humanitarian crisis unfolding in Ukraine, you might be tempted to help by shipping food, tents, water bottles, toys, or other physical things to the country. But, as well-intentioned as donated goods may be, they often do more harm than …

Humanitarian groups in Ukraine do not want your donated items Read More »