Bitcoin’s Stability Threatened by Potential Decline in ‘Magnificent Seven’ Tech Stocks
The group of high-performing tech stocks known as the “Magnificent Seven,” including industry giants like Nvidia and Microsoft, have experienced a substantial loss, shedding over $650 billion in market capitalization…
Morgan Stanley Advisers Now Cleared to Recommend Bitcoin ETFs to Clients
Morgan Stanley, the preeminent wealth management firm in the United States, has officially granted its 15,000 financial advisers the authority to recommend Bitcoin exchange-traded funds (ETFs) to their clients starting…
Views To Become Key Performance Metric for All Content on Instagram
Instagram is set to make “views” the primary metric across all its content formats, including Reels, Stories, photos, and more. This update aims to simplify performance tracking for creators, regardless…
Anduril Industries Secures $1.5 Billion in Funding, Now Worth $14 Billion
Anduril Industries, a defense technology start-up, announced a significant milestone on Wednesday, raising $1.5 billion in its Series F funding round. This latest capital influx has elevated the company’s valuation…
Blockchain Technology Cuts Airline Cargo Handling Costs by 7%, Enhances Operational Efficiency
Blockchain technology is making significant strides in the aviation industry, demonstrating its potential to disrupt and streamline operations. A recent study conducted by Aventus at Heathrow Airport revealed that airlines…
New Services Coming to Airbnb: Co-Hosting, Experiences Relaunch and More
Airbnb CEO Brian Chesky announced on Tuesday’s Q2 earnings call that the company will expand its services beyond short-term rentals to include co-hosting, relaunching its “experiences,” guest services, and more.…
Senators Urge Antitrust Probe into New Sports Streaming Service Venu Sports
Senators Elizabeth Warren (D-MA) and Bernie Sanders (I-VT), joined by Representative Joaquin Castro (D-TX), are urging the Department of Justice (DOJ) and the Federal Communications Commission (FCC) to investigate the…
California Enhances Regulation of Bitcoin ATMs with Support from State Legislation
The city of Chico, California, is poised to implement stricter regulations on Bitcoin teller machines (ATMs), backed by recent state legislation aimed at curbing fraud and enhancing consumer protection in…
Donald Trump Jr. Set to Launch a Crypto Platform Challenging Traditional Banks
Donald Trump Jr. has unveiled plans to create a new decentralized finance (DeFi) cryptocurrency platform aimed at addressing disparities in banking access. This announcement marks a significant step towards challenging…
Electrify America Takes Steps to Prevent Charging Station Hogging
Electrify America, a leading EV charging company in the U.S., is set to penalize drivers who exceed necessary charging times, aiming to increase turnover and availability at busy stations. In…
Intel’s Missed Investment in OpenAI Revealed
Intel’s missed opportunity to invest in OpenAI has surfaced as a pivotal moment in its struggle to keep pace in the AI era. Around seven years ago, Intel had the…
Elon Musk’s X Lawsuit Forces GARM to Close, Signaling Potential Industry Shifts
A recent antitrust lawsuit filed by Elon Musk’s X has led to the sudden shutdown of the Global Alliance for Responsible Media (GARM), a key initiative under the World Federation…
Stranded Starliner Astronauts Expected to Return Home Next Year
NASA announced that astronauts Barry Wilmore and Sunita Williams, currently aboard the International Space Station (ISS), will likely return to Earth next year due to ongoing issues with Boeing’s Starliner…
Zoom Challenges Microsoft and Google with AI-Powered Docs
Zoom has launched Zoom Docs, an AI-powered word processor, positioning itself to compete with Microsoft and Google. Introduced in March, Zoom Docs is integrated with Zoom AI Companion, which uses…
NYC’s Weather Alert Drones Struggle with Spanish Announcements
New York City recently introduced a drone warning system to alert residents about hazardous weather conditions, but the system’s Spanish language capabilities have fallen short. On Wednesday, a resident recorded…
X Faces Court in Ireland for Using EU Data to Train Grok Without Consent
Ireland’s Data Protection Commission (DPC) has launched High Court proceedings against Elon Musk’s X, accusing the company of using European user data without proper consent to train its artificial intelligence…
‘Crypto Advocates for Harris’ Gain Backing from Mark Cuban
As the 2024 presidential race intensifies, a group named ‘Crypto Advocates for Harris‘ is rallying support for Democratic nominee Kamala Harris, urging her to formulate a clear policy on digital…
Rossmann Cuts Ties with Tesla Over Musk’s Political Stance
European drugstore giant Rossmann announced on Tuesday it will no longer purchase Tesla’s electric vehicles for its fleet, effective immediately. This decision follows Tesla CEO Elon Musk’s public support for…
Binance Records $1.2 Billion in Inflows During Major Market Downturn, CEO Reports
On August 5th, amid a significant market downturn, Binance, the leading cryptocurrency exchange, experienced one of its largest trading days of 2024, with a staggering $1.2 billion in net inflows.…
Reddit to Experiment with AI in Search Results
Reddit is set to introduce AI-generated summaries at the top of search results, aiming to enhance user experience by summarizing and recommending content. CEO Steve Huffman announced during Tuesday’s earnings…