SEC Rejects Ripple’s Plea for Reduced Penalty in Ongoing Legal Battle
The United States Securities and Exchange Commission (SEC) has strongly opposed Ripple Labs’ recent request for a reduced financial penalty, asserting that the company’s proposed $10 million settlement is significantly…
Dave Burke Steps Down as VP of Engineering at Android
Dave Burke, the long-serving Vice President of Engineering at Android, has announced his decision to step down after 14 years in the role. Burke, however, will not be leaving Alphabet,…
Artifact Reborn in Yahoo’s Latest AI-Driven News App
Yahoo has officially unveiled a new AI-powered news application, integrating technology from the previously acquired Artifact app. Artifact, a project initiated by Instagram co-founders Kevin Systrom and Mike Krieger, has…
Unigrid to Roll Out Safer, More Affordable Sodium-Ion Batteries
Unigrid, spearheaded by co-founder and CEO Darren Tan, is pioneering an innovative approach to battery technology with its development of sodium-ion batteries as a cost-effective and safer alternative to the…
Trezor Enhances Self-Custody with New Onboarding Service and Advanced Hardware Wallet
Leading hardware cryptocurrency wallet provider Trezor is tackling the challenge of crypto usability by introducing Trezor Expert, a personalized onboarding service, and unveiling its latest hardware wallet, the Trezor Safe…
US Judge Approves Terraform Labs’ $4.5 Billion Settlement with SEC
In a significant legal decision, a United States district court judge has approved a $4.5 billion settlement agreement between Terraform Labs, its co-founder Do Kwon, and the Securities and Exchange…
Spotify Expands Advertising with Creative Lab Agency and Tests AI Voiceover Ads
Spotify announced on Thursday, June 13, the launch of its first in-house creative agency, named Creative Lab. The introduction of Creative Lab is part of Spotify’s strategic effort to attract…
Creators Can Now Test Multiple Thumbnails on YouTube to Boost Views
YouTube has recently launched a new feature called “Thumbnail Test & Compare,” which is designed to help creators optimize viewer engagement by testing different video thumbnails. This tool, initially introduced…
OpenAI Welcomes Former NSA Head Paul M. Nakasone to Its Board
OpenAI has expanded its board by appointing Paul M. Nakasone, a distinguished retired U.S. Army general and former director of the National Security Agency, as its latest member. Nakasone, renowned…
SEC Chair Anticipates Approval of Spot Ether ETFs This Summer
United States Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the SEC may approve the listing and trading of spot Ether (ETH) exchange-traded funds (ETFs) within the…
MicroStrategy Plans $500 Million Convertible Senior Notes Offering to Acquire More Bitcoin
MicroStrategy has announced a new initiative to offer $500 million in convertible senior notes, with the funds primarily intended for acquiring additional Bitcoin and supporting general corporate purposes. On June…
North Korean Cyberattacks on Brazilian Fintech Firms Exposed
Google Cloud’s threat intelligence team has uncovered a series of cyberattacks orchestrated by North Korean government-backed hackers targeting Brazil’s cryptocurrency exchanges and fintech companies. This revelation underscores the growing threat…
Generative AI Transforms Robot Training at MIT
Researchers at the Massachusetts Institute of Technology (MIT) have developed a groundbreaking technique that significantly enhances the training of multipurpose robots by integrating data from various sources. This method, called…
Microsoft Exits Affirmed and Metaswitch in Telecom Pullback
When Andrew Ward organized a meeting for those affected by Microsoft’s recent telecom layoffs, he anticipated a modest turnout of around 100 attendees. However, the response was overwhelming, with about…
WeWork Rebounds from Bankruptcy, Appoints John Santora as CEO
WeWork, previously mired in financial distress, successfully exited from Chapter 11 bankruptcy this Tuesday, June 11, bringing in John Santora, a seasoned commercial real estate expert, as its new CEO,…
FDA Clears Abbott’s New Glucose Monitors for Over-the-Counter Sales
Abbott Laboratories has received clearance from the U.S. Food and Drug Administration (FDA) to market two new continuous glucose monitoring (CGM) systems, the Libre Rio and Lingo, available over the…
Apple Surpasses Microsoft in Market Value After Best Three-Day Rally Since 2020
In a significant reshuffling of the ranks on Wall Street, Apple Inc. has reclaimed its title as the world’s most valuable company, surpassing Microsoft Corp. This achievement underscores a surge…
Adobe Boosts Annual Revenue Forecast Amid Strong Software Demand
San Jose, CA – Adobe Inc., the company behind the iconic Photoshop software, has significantly raised its revenue forecast for fiscal 2024, reflecting the increasing demand for its artificial intelligence-powered…
Spotify’s Awaited HiFi Feature May Launch This Year with Extra Charges
Spotify is gearing up to launch its much-anticipated HiFi streaming service by the end of 2024, an offering that promises to enhance the audio quality for its users but at…
Circle Announces Integration with Solana: Programmable Wallets and Gas Stations
Circle’s integration with Solana will be executed in two distinct phases. The initial phase, announced on June 12, focuses on deploying programmable wallets. These wallets are designed to allow developers…