EU Court Upholds Gatekeeper Label for ByteDance, Empowering Regulators
ByteDance, the owner of the popular social media app TikTok, faced a significant legal setback on Wednesday. The company lost its court challenge against being designated as a “gatekeeper” under…
Amended Complaint Targets Tether and Bitfinix in Ongoing Lawsuit Over Alleged USDT Manipulation Scheme
The legal battle against Tether and its affiliated exchange Bitfinix intensifies as plaintiffs in a class-action lawsuit, ongoing since 2019, have filed an amended complaint in the Southern District of…
BlackRock’s Assets Under Management Exceed $10.6 Trillion, Fueled by Surge in ETF Inflows
BlackRock, the world’s largest asset manager, has achieved a new milestone by managing over $10.6 trillion in assets, reflecting a substantial $1.2 trillion growth year-over-year. This significant achievement has been…
Metaplanet Acquires Additional $1.2 Million in Bitcoin Amid Price Surge Toward $65K
Metaplanet, a Bitcoin-stacking investment firm based in Japan, has strategically expanded its Bitcoin portfolio by purchasing an additional 21.88 Bitcoin, valued at over $1.2 million (200 million Japanese yen). This…
Court Leak Shows Valve’s $400 Million Payout to Small Workforce
Valve’s internal financial and staffing details have emerged from an ongoing court case, revealing that the company has paid over $400 million to fewer than 400 employees. This leak highlights…
Significant Moon Cave Discovery Could Shelter Future Astronauts
Researchers have uncovered a significant underground cave on the moon, accessible from the surface, which may prove pivotal for future lunar explorations and habitation. This discovery, reported in the journal…
Bitcoin Declines 3% Following $5.7 Billion Transfer from Mt. Gox Cold Wallet
On July 16, Bitcoin experienced a notable decline, dropping over 3% as unsettling news resurfaced concerning the defunct exchange Mt. Gox. This downturn occurred shortly after Bitcoin’s price briefly reached…
Vectara Secures $25M Funding to Launch Mockingbird LLM for Enterprise RAG Solutions
Vectara, an early pioneer in Retrieval Augmented Generation (RAG) technology, is making headlines today with the announcement of a $25 million Series A funding round. This latest round brings the…
Bitcoin and Ethereum Drive Record $17.8 Billion in Crypto Inflows
The digital asset investment landscape has experienced a remarkable surge in 2024, with inflows into cryptocurrency investment products reaching a record-breaking $17.8 billion year-to-date (YTD). This substantial capital influx suggests…
Donald Trump Selects Pro-Crypto Senator JD Vance as Vice Presidential Candidate for 2024
In a strategic move shaping the 2024 presidential race, Donald Trump, a prospective Republican candidate, has officially announced Senator JD Vance as his vice-presidential running mate. The announcement, made on…
Tesla Pushes Robotaxi Unveiling to October
Tesla has postponed the highly anticipated unveiling of its “robotaxi” design from August 8 to October, according to Bloomberg News. The delay is attributed to the need for additional time…
European Commission Finds X’s Blue Checkmarks Misleading
The European Union has announced that the blue checkmarks on Elon Musk’s platform, X, violate the bloc’s social media laws. These checkmarks, which cost $8 for verification, are seen as…
Nvidia Investors Face a Dilemma: Determining the Right Balance in Their Stock Portfolios
Outsized positions in artificial intelligence darling Nvidia have boosted portfolio managers’ returns this year, but the bets stand to magnify risk if the chipmaker’s red-hot shares see a reversal of…
Fisker’s Ocean SUV Fire Sale Faces Major Objection
Fisker’s plan to sell its unsold Ocean SUVs to American Lease faces a significant obstacle as the U.S. Trustee’s office opposes the deal. This sale, crucial for keeping Fisker’s bankruptcy…
Google Translate May Soon Be Integrated into WhatsApp
WhatsApp is set to enhance its messaging platform with two new features, according to recent beta updates. The app is working on integrating Google Translate and rolling out a transcription…
Elon Musk Endorses Donald Trump After Rally Incident in Pennsylvania
Elon Musk, CEO of X (formerly Twitter), has publicly endorsed former President Donald Trump following a shooting incident at a Trump campaign rally in Butler, Pennsylvania. Musk posted his endorsement…
Bitcoin Climbs Back to $62,500 as Markets React to Weekend Incident Involving Trump
Financial markets have exhibited notable fluctuations following the recent attempted attack on former U.S. President Donald Trump, occurring on a Saturday. This event has notably shifted the dynamics within various…
Ethereum Surpasses $3,300, Anticipated ETF Approvals Could Fuel Further Gains
As the financial world stands on the precipice of a significant shift, Ethereum (ETH) has witnessed a remarkable price increase, surpassing the $3,300 mark. This surge comes in anticipation of…
Scammer Returns $9.3 Million in DAI to Victim a Decade After Phishing Attack
In an unexpected turn of events, a phishing scammer has returned nearly $9.3 million to a victim after stealing $24 million from them in a phishing attack last September. This…
Whistleblowers Urge SEC to Probe OpenAI’s NDAs
Whistleblowers have called for an SEC investigation into OpenAI’s NDAs, alleging that the agreements impose illegal restrictions on employees’ ability to communicate with government regulators. The complaint, initially filed in…