Brothers

Verofax secures $3M in Bridge funding to deploy AI & AR experiences to tourists and sports fans

ABU DHABI, UAE, Aug 27, 2024 - (ACN Newswire) - Verofax Limited, a Web3 services company, today announced closing a $3M bridge round led by international investors Plug & Play Tech Center, Navig8 Group, King Abdullah University for Science and Technology, Trove Capital UK follow-on investment, Jawa Brothers Advisory, with Alzamil Pedco CVC and Tracecore CVC completing the list of investors. Verofax applies patented Web3 technologies such as Blockchain, Augmented Reality and Artificial Intelligence to provide 'Elevated tourist, shopper and brand marketing experiences', enabling destinations, retailers and sports stadiums to

Too Big to Fail?

Several weeks ago we covered Credit Suisse in some of our articles about risk management and regulations. This week they’ve been in the news again for all the wrong reasons, which may have an impact on the crypto market. Once the darling of Wall Street, Credit Suisse is rapidly turning into its nemesis. Following several multi-million dollar fines, they’ve lurched from one scandal to another. In September 2021 the UK’s Financial Conduct Authority issued a statement saying, “The Financial Conduct Authority has fined Credit Suisse over £147 million for serious