Binance, the world’s largest crypto exchange by volume, announced Monday that it would automatically convert existing balances and new deposits of the USDC stablecoin—a token pegged to the value of the U.S. dollar—to its own stablecoin, Binance USD, at the end of September. The exchange said that the automatic conversion, which will also apply to the pax dollar and trueUSD stablecoins, will...
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Another Software Shakeup: Confluent Chief Revenue Officer Departs
As software gets harder to sell, top sales leaders are increasingly getting replaced. Larry Shurtz, chief revenue officer at data analytics firm Confluent, is leaving about 18 months after joining from Salesforce, according to a person with direct knowledge. His departure follows similar removals of sales leaders at major enterprise software firms such as Salesforce, Google Cloud and Okta...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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