PayPal’s PYUSD Stablecoin Reaches $1 Billion Market Cap
PayPal‘s foray into the stablecoin market has reached a significant milestone with its US dollar-pegged stablecoin, PayPal USD (PYUSD), surpassing a total market capitalization of $1 billion. This achievement underscores…
OpenAI, Adobe and Microsoft Back California’s AI Content Labeling Bill
OpenAI, Adobe, and Microsoft have shown support for a California bill, AB 3211, which would require tech companies to label AI-generated content with watermarks, according to letters obtained by TechCrunch.…
Samsung SDI, GM Agree on $3.5 Billion EV Battery Facility in US
Samsung SDI, a South Korean battery maker, has finalized an agreement with General Motors (GM) to build a joint electric vehicle (EV) battery factory in Indiana, USA. The two companies…
Rhodium Enterprises Seeks Bankruptcy Protection Amid Financial Struggles
Rhodium Enterprises, a prominent Bitcoin mining firm, has filed for voluntary bankruptcy under Chapter 11 at the United States Bankruptcy Court for the Southern District of Texas. This move comes…
Lyft Now Offers Pet Rides to Make Traveling with Pets Easier
Lyft has introduced a new feature called “Pet Rides,” which allows passengers to bring their pets along while using the ride-hailing service. This feature, launched in conjunction with National Dog…
All Eyes on Nvidia as Critical Earnings Report Approaches
Nvidia, the leading chipmaker, has become a critical focus in the tech industry, labeled by some as the world’s “most important stock.” This heightened attention is largely due to its…
Sharp Increase in Bitcoin Millionaires as Cryptocurrency Wealth Grows
Over the past year, the world has witnessed a dramatic increase in the number of Bitcoin millionaires, with statistics showing a 111% rise. This surge has resulted in 85,000 individuals…
Luca Maestri Steps Down as Apple CFO Next Year
Apple announced today that Chief Financial Officer Luca Maestri will step down from his role at the beginning of next year, transitioning to lead Apple’s corporate services team. Kevan Parekh,…
Uber Faces Record €290 Million Fine Over Data Transfer Violations
Uber has been fined €290 million ($324 million) by the Dutch Data Protection Authority (DPA) for improperly transferring European driver data to the United States without adequate safeguards. This is…
Crypto Investment Products Record Highest Inflows in Five Weeks
Cryptocurrency investment products have witnessed significant inflows, marking the largest investment surge in five weeks, particularly into Bitcoin-related exchange-traded products (ETPs). This increase in activity comes amid speculations about potential…
Ikea Tests Secondhand Marketplace in Madrid and Oslo
Ikea is conducting a trial of its secondhand furniture marketplace, Ikea Preowned, in Madrid and Oslo, offering a new way for customers to buy and sell used Ikea items online.…
Weekly NFT Sales Show Recovery Despite Ongoing Market Challenges
The non-fungible token (NFT) market has seen a notable rebound in weekly sales volumes across some of the leading blockchains for digital collectibles after experiencing several downturns throughout 2024. According…
Judge Temporarily Halts Biden’s Green Card Program for Undocumented Immigrants Married to U.S. Citizens
A federal judge in the Eastern District of Texas has temporarily blocked a Biden administration program that would have allowed undocumented immigrants married to U.S. citizens to apply for green…
Binance Labs: New AI Investments Poised to Drive Growth in AI-Powered DApps
As artificial intelligence (AI) continues to converge with blockchain technology and digital assets, Binance’s venture capital and incubator arm, Binance Labs, has directed its investments toward AI-focused startups. Max Coniglio,…
Chinese Electric Vehicles Face 100% Tariff in Canada
Canada announced it will impose a 100% tariff on Chinese electric vehicles (EVs), starting October 1, aligning with similar moves by the United States and European Union. This measure will…
Stablecoin Market Cap Reaches Record High Following 11 Months of Consecutive Growth
The stablecoin market has reached a new all-time high, with its capitalization hitting $168 billion, marking 11 consecutive months of growth. This surge surpasses the previous peak observed in March…
Nvidia Partner Introduces Technology to Halve Data Center Energy Use
Nvidia partner Sustainable Metal Cloud (SMC) claims its innovative cooling technology can cut data center energy usage by up to 50% as the artificial intelligence (AI) boom drives demand for…
Mac Users Cautioned Over New “Cthulhu Stealer” Malware Targeting Crypto Wallets
Apple Mac users are currently facing a new cybersecurity threat from a malware strain known as “Cthulhu Stealer.” This malicious software has the capability to steal personal information, including credentials…
AI Tokens Surge Ahead of Anticipated Nvidia Earnings Report
Artificial intelligence-focused cryptocurrency tokens have experienced significant gains over the past week in anticipation of a major second-quarter earnings report from Nvidia, a tech giant known for its cutting-edge graphics…
Shiba Inu’s DAO Launch: A Step Towards Decentralized Governance
The team behind Shiba Inu, a popular memecoin and the 13th largest cryptocurrency by market capitalization, is gearing up to introduce a decentralized autonomous organization (DAO). This move marks a…