The Evolution of Decentralized Finance: Transitioning Towards ‘NewFi’
As the landscape of decentralized finance (DeFi) evolves, the conversation among investors and industry stakeholders is intensifying, particularly with the burgeoning interest from institutional players. This interest has been catalyzed…
Sonos CEO Apologizes for Troubled App Rollout, Promises Fixes
Sonos has publicly apologized for the problematic rollout of its redesigned mobile app, which has led to significant customer frustration and a series of technical issues. The app, released in…
Amazon’s Bold Move: Developing AI Chips to Outpace Nvidia in Cost and Speed
Inside Amazon.com‘s chip lab in Austin, Texas, a team of engineers was busy testing a new server design on a Friday afternoon. This server, loaded with Amazon’s own artificial intelligence…
Kamala Harris Takes to TikTok for Presidential Campaign Outreach
Vice President Kamala Harris officially launched her TikTok account on Thursday, July 25, adding a new dimension to her 2024 presidential campaign strategy. This move marks a significant step in…
Republican Senator Withdraws Support for Elizabeth Warren’s Anti-Crypto Bill
United States Senator Roger Marshall, a Republican, has officially withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a notable anti-cryptocurrency bill he co-sponsored with Democratic Senator Elizabeth…
SK Hynix Announces $6.8 Billion Chip Plant in South Korea, Boosting Nvidia Supply Chain
Memory chip giant SK Hynix announced on Friday plans to invest 9.4 trillion Korean won ($6.8 billion) in constructing a new semiconductor manufacturing plant. The new facility, known as a…
IBM Boosted by Growing Demand for Software and AI Despite Decline in Consulting
IBM has exceeded analysts’ expectations for its second-quarter revenue and increased its annual growth forecast for its software division, benefiting from a surge in AI-related spending by clients eager to…
Elon Musk Rejects Claims of $45 Million Monthly Donation to Trump
Elon Musk has firmly denied claims that he is donating $45 million per month to support Donald Trump. This statement comes after the Wall Street Journal reported Musk’s alleged monthly…
Meta Shuts Down 63,000 Instagram Accounts Linked to Sextortion Scams
Meta has recently removed 63,000 Instagram accounts linked to sextortion scams, primarily targeting American men. This action is part of a larger effort to combat such scams on the platform.…
Ethereum ETF Launch Triggers Market Sell-Off, Forecasts Further Declines: 10x Research Analysis
The debut of spot Ether exchange-traded funds (ETFs), initially met with market optimism, quickly catalyzed a sell-off, significantly impacting Ether’s price. This reaction is part of a recurring trend observed…
Republicans Criticize FBI Director’s Testimony on Trump’s Alleged Non-Bullet Injury
Recent testimony by FBI Director Christopher Wray has sparked significant political backlash after he suggested that former President Donald Trump may not have been struck directly by a bullet during…
Canadian Women’s Soccer Coach Suspended from Olympic Games Over Drone Incident
The Canadian Olympic Committee (COC) has removed Bev Priestman, the head coach of Canada’s women’s national soccer team, for the remainder of the Paris Games amid allegations of drone spying…
Disney and Warner Bros. Launch New Streaming Bundle, Starting at $16.99/Month
Disney and Warner Bros. Discovery have launched a new streaming bundle in the United States, combining Disney+, Hulu, and Max services. Starting Thursday, July 25, the bundle is available at…
Citi Elevates Coinbase Stock Rating to ‘Buy’ Amid Favorable US Political Developments
Citi, a leading investment bank, has recently upgraded its stock rating for the cryptocurrency exchange Coinbase to ‘buy’ from ‘neutral’, setting a new price target of $345. This adjustment reflects…
US House Approves Bill to Combat Illegal Crypto Activities
The US House of Representatives recently passed a significant piece of legislation aimed at curbing the illicit use of digital assets. Dubbed the Financial Technology Protection Act, this bill received…
Coinbase Pursues Legal Action to Obtain SEC Chair Gensler’s Emails Amid Regulatory Dispute
Coinbase, a leading cryptocurrency exchange, has intensified its legal battle with the U.S. Securities and Exchange Commission (SEC) by filing a motion to compel the production of private emails from…
MonoSwap Suffers Security Breach, Urges Users to Halt Deposits and Withdraw Funds
MonoSwap, a decentralized exchange and staking platform, disclosed on July 24 that it had fallen victim to a malicious hack. The platform has issued an urgent advisory to its users,…
Waymo Gains $5 Billion Support from Alphabet
Alphabet will invest up to $5 billion in its self-driving subsidiary, Waymo, over the next few years. This announcement was made by Alphabet CFO Ruth Porat during the company’s second-quarter…
Biden’s Withdrawal from Presidential Race Spurs Temporary Bitcoin Recovery to $68K
The recent announcement by U.S. President Joe Biden that he will not seek re-election in the 2024 Presidential race had an immediate, albeit brief, impact on Bitcoin’s market value. This…
Kraken Completes Distribution of Mt. Gox Bitcoin Without Significant Selling Activity from Creditors
Crypto exchange Kraken has officially concluded the distribution of Bitcoin and Bitcoin Cash to creditors of the defunct Mt. Gox exchange, as announced by Kraken’s CEO, Dave Ripey. This marks…