Microsoft consolidates its retail channels in China
SHANGHAI – In response to recent media reports, Microsoft announced its decision to consolidate its retail channels in mainland China. This strategic move reflects the company’s ongoing assessment of its…
SEC Files Lawsuit Against FTX-Linked Bank, Alleging Fraud
The United States Securities and Exchange Commission (SEC) has taken legal action against Silvergate Capital Corporation, the parent company behind a crypto-friendly bank accused of facilitating fraud at the now-defunct…
Ether Investment Products Experience Largest Outflows Since 2022
Ethereum exchange-traded products faced a challenging end to June, recording the highest outflows since August 2022. According to CoinShares’ weekly analysis, investors withdrew $61 million from Ether investment products between…
Intel’s upcoming CPUs will no longer support DDR4 memory.
Intel is eagerly preparing to launch its highly anticipated next-generation Arrow Lake CPUs later this year, with a significant change that is sure to spark interest among tech enthusiasts. According…
Twitch Honors Top Streamers with New ‘Bleed Purple Statue’
Twitch has unveiled the “Bleed Purple Statue,” a new form of physical recognition for its streamers, announced during Twitchcon Europe 2024 in Rotterdam. These awards, part of the Twitch Streamer…
Detroit Implements New Limits on Police Use of Facial Recognition Technology
The Detroit Police Department, under the terms of a recent legal settlement, has established strict new policies on the use of facial recognition technology. This agreement, designed to serve as…
Uber and Lyft Drivers in Massachusetts to Earn $32 per Hour Under New Law
Starting August 15, Massachusetts rideshare drivers will receive a minimum hourly wage of $32.50 and additional benefits, following a settlement between the state and companies Uber and Lyft. This agreement…
Decrease in Crypto Hacking Incidents: June Sees a 54.2% Reduction in Losses
June witnessed a significant decline in the financial impact of cryptocurrency hacks, with losses plummeting by 54.2% compared to the previous month. This marked reduction highlights a shift in the…
Apple Aims to Integrate AI Features into Vision Pro Headsets
Apple is set to expand its artificial intelligence capabilities to the Vision Pro headsets, according to Bloomberg’s Mark Gurman. This initiative is part of Apple’s broader strategy to integrate their…
TikTok’s Instagram competitor, Whee, struggles to gain traction
In an unexpected move earlier this month, TikTok launched a new social app called Whee. This Instagram-like service allows users to take and share photos with friends while offering features…
Axelera secures $68M to challenge Nvidia with innovative edge AI chips
Nvidia has been leading the charge in the age of AI hardware, with its high-performance GPUs being employed by some of the world’s largest technology companies to power training and…
Floki Inu Issues Alert on Counterfeit Tokens Across Solana and Base Platforms
Floki Inu, a prominent memecoin project, has issued a warning to its users and the broader cryptocurrency community regarding fraudulent tokens falsely claiming affiliation with its brand. These unauthorized tokens…
Global Cryptocurrency ATM Installations Approach Historical Peak
The global landscape of cryptocurrency ATMs has witnessed a notable resurgence, with the number of installations nearing its historical peak set in December 2022. Over the past year, the total…
Launch of U.S.-Based Spot Ethereum ETFs Postponed Due to SEC Review Delays
The anticipated launch of spot Ether exchange-traded funds (ETFs) in the United States, initially expected as early as July 2, has encountered delays. The U.S. Securities and Exchange Commission (SEC)…
U.S. Court Advances Majority of SEC Claims in Lawsuit Against Binance
In a significant development, Binance, the world’s largest cryptocurrency exchange, faces continued legal challenges as a U.S. court has decided to allow most claims lodged by the Securities and Exchange…
Billionaire Expresses Skepticism on Significant Bitcoin Price Increases
Peter Thiel, the former CEO of PayPal and a prominent investor through his Founders Fund, has voiced skepticism about the potential for a significant increase in Bitcoin’s price from its…
IRS Unveils Final Guidelines for Crypto Broker Reporting Regulations
On June 28, the United States Internal Revenue Service (IRS) announced the completion of its final draft concerning new reporting requirements for crypto brokers. These new regulations aim to refine…
Google Acquires Stake in BlackRock-Owned Taiwan Solar Power Company
Google has announced a significant investment in Taiwan’s New Green Power (NGP), a firm owned by a BlackRock fund, with the potential to purchase up to 300 megawatts (MW) of…
Volkswagen Gathers Rivian Talent for Silicon Valley Software Hub
Volkswagen Group’s recent $5 billion partnership with Rivian is already bearing fruit, as VW has been leveraging Rivian’s software talent months before the official announcement. VW’s software division, Cariad, has…
Amazon Acquires Talent from AI Startup Adept
Amazon has significantly boosted its AI development efforts by hiring top executives from AI startup Adept and licensing its advanced technology. Adept, known for creating AI-powered agents that perform various…