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Ether Eyes Potential Price Breakout Amid Post-Summer Market Recovery
Ether, the second-largest cryptocurrency by market capitalization, is showing signs of a potential price breakout following a prolonged downtrend that began in late March. This anticipation is fueled by a…
Latvia’s Central Bank Initiates Pre-Licensing Consultations for Crypto Companies
The European Union’s comprehensive crypto regulation, known as the Markets in Crypto-Assets (MiCA) Regulation, is beginning its phased implementation across member states, prompting various local responses. In Latvia, the central…
Samsung Plant in India Faces Partial Shutdown Due to Worker Strike
Workers at Samsung Electronics’ plant in Sriperumbudur, India, have initiated an indefinite strike, demanding higher wages, which has led to a partial halt in production. This development follows similar labor…
Tokocrypto Gains Full Regulatory Approval in Indonesia as Binance Subsidiary
Tokocrypto, an Indonesian cryptocurrency exchange, has achieved a significant regulatory milestone by securing a full license under the country’s Commodity Futures Trading Regulatory Agency (Bappebti). This development marks a crucial…
Musician Arrested for Using AI and Bots in $10 Million Streaming Fraud
A North Carolina musician has been arrested for orchestrating a large-scale scheme to swindle royalties from music-streaming platforms using AI-generated songs. Michael Smith, the accused, allegedly generated over $10 million…
Nigeria’s SEC Intensifies Actions Against Unregulated Cryptocurrency Exchanges
The Securities and Exchange Commission (SEC) of Nigeria is set to enhance enforcement actions against businesses and individuals engaging in cryptocurrency transactions without appropriate regulatory oversight. This announcement, made by…
Chinese Firm Buys Samsung SDI’s Polarizing Film Business for $836 Million
Samsung SDI has announced its decision to sell its polarizing film business to Wuxi Hengxin Optoelectronic Materials, a Chinese firm, for 1.12 trillion won ($836.47 million). This sale includes the…
Crypto Scammers Use Deepfakes of Apple CEO Tim Cook During iPhone 16 Livestream
YouTube was recently inundated with fraudulent livestreams featuring deepfake videos of Apple CEO Tim Cook, who was depicted promoting cryptocurrency scams. This surge in scam content occurred simultaneously with Apple’s…
Huawei unveils tri-fold smartphone as competition with Apple intensifies
Huawei introduced a tri-fold smartphone on Tuesday, signaling its intent to strengthen its position against Apple in China’s smartphone market. The new Mate XT, a Z-shaped foldable phone, was revealed…
Sony Hints at PlayStation 5 Pro Reveal Today
Sony is set to potentially reveal the highly anticipated PlayStation 5 Pro today during a technical presentation that will feature Mark Cerny, the lead architect behind the PS5. The company…
Apple’s iPhone 16 Launch Event Recap: Apple Watch Series 10, AirPods 4, iOS 18 and more
Apple unveiled several new products and updates at its iPhone 16 launch event in Cupertino, showcasing the iPhone 16 lineup, Apple Watch Series 10, and AirPods 4, alongside software enhancements…
Venezuelan Election Crisis Highlights Challenges for U.S. Policy on Migration Causes
As the U.S. gears up for the upcoming presidential debate, former President Donald Trump and Vice President Kamala Harris are set to clash over border security and immigration policy. Trump…
South Korean Executive Detained Again Over Alleged Samsung Chip Technology Leak
A South Korean executive, Choi Jinseog, has been detained again over fresh allegations of technology theft related to Samsung Electronics’ semiconductor operations. Choi, previously accused of stealing sensitive chip processing…
Spot Bitcoin ETFs Experience $1.2 Billion in Outflows Over Eight Days
In a significant market movement, the 11 United States-based spot Bitcoin exchange-traded funds (ETFs) recorded combined net outflows of $1.2 billion from August 30 to September 6, marking the longest…
Bending Spoons to Cut 75% of WeTransfer Workforce After Acquisition
Bending Spoons, an Italy-based app company known for owning Evernote and Meetup, plans to lay off 75% of the staff at file transfer service WeTransfer following its acquisition in July,…
Over 2.7 Million Pre-Orders for Huawei’s Mate XT as iPhone 16 Launch Approaches
Huawei’s latest tri-fold smartphone has garnered over 2.7 million pre-orders, as the company pushes ahead with its Mate XT model, surpassing Apple’s upcoming iPhone 16 launch, which is scheduled for…
CEO of Crypto Research Firm Steps Down Following Armed Robbery of Company Assets
Nick Drakon, the CEO of the cryptocurrency research and education platform Revelo Intel, has resigned from his position following a traumatic incident where he was coerced at gunpoint to transfer…
Former Ethereum Advisor Files $100M Lawsuit Against Law Firm Over Defense in Crypto Extortion Case
Steven Nerayoff, an early advisor to the Ethereum network, has initiated a lawsuit against the prestigious law firm Covington & Burling, demanding $100 million in damages. This legal action stems…
Tether Expands Portfolio with $100 Million Investment in Agricultural Sector Amid Rising Stablecoin Rivalry
Tether, the organization behind the world’s largest stablecoin, has recently embarked on a new venture by investing $100 million in the Latin American agricultural powerhouse, Adecoagro. This move marks Tether’s…
DirecTV Announces Price Hike Amid Disney Channel Blackout
DirecTV has informed its customers that prices will rise starting in October 2024, just as the company deals with the fallout from losing ESPN, ABC, and other Disney-owned channels in…