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Robinhood Settles for $3.9 Million Over Crypto Withdrawal Restrictions
Robinhood Markets‘ cryptocurrency division has finalized a $3.9 million settlement with California’s Justice Department, addressing allegations that it restricted crypto withdrawals from 2018 to 2022. This settlement marks the first…
Applied Digital Surges 65% After Securing $160 Million Investment Including Nvidia
Applied Digital shares saw a sharp rise of nearly 65% on Thursday, reaching their highest point in over a month, following news of a $160 million financing deal with a…
US Regulator Postpones Verdict on Eco-Conscious Bitcoin ETF
The United States Securities and Exchange Commission (SEC) has once more deferred its decision regarding the New York Stock Exchange (NYSE) Arca’s application to list a novel exchange-traded fund (ETF)…
Qualcomm, Google, and Samsung Join Forces for Mixed-Reality Smart Glasses
Qualcomm CEO Cristiano Amon revealed that the company is working with Samsung and Google to develop mixed-reality smart glasses connected to smartphones. This marks a distinct approach compared to Apple,…
CFTC Accuses Uniswap of Illicit Derivatives Trading, Levies Penalties
The United States Commodity Futures Trading Commission (CFTC) has formally charged Uniswap Labs, the developer behind the decentralized exchange (DEX) Uniswap, with offering leveraged cryptocurrency trading illegally to U.S. retail…
Senator Elizabeth Warren Set to Debate John Deaton, Crypto Issues Could Surface
Senator Elizabeth Warren has confirmed she will participate in two debates with Republican candidate John Deaton in the lead-up to the November election for the Massachusetts Senate seat. This decision…
Ilya Sutskever Secures $1 Billion in Funding for New AI Venture Safe Superintelligence
Ilya Sutskever, co-founder of OpenAI, has raised $1 billion from prominent investors for his new AI venture, Safe Superintelligence (SSI). Sutskever, who left OpenAI in May 2024, announced the substantial…
Volvo Blames Global Trade Issues for Lowered 2026 Profit Margin Target
Volvo Cars has revised its 2026 profitability targets, citing global trade and tariff complexities. On Thursday, the Swedish automaker, majority-owned by China’s Geely, announced it would lower its operating profit…
Major Swiss Bank ZKB Initiates Trading Services for Bitcoin and Ether
Zurich Cantonal Bank (ZKB), one of Switzerland’s largest banking institutions, has officially launched cryptocurrency trading and custody services, broadening its financial offerings to include Bitcoin and Ether. This move marks…
Spotify’s Evolving Playlist Daylist Reaches Global Audience
Spotify has launched its evolving playlist feature, daylist, globally. Initially introduced in select English-speaking markets in 2023, daylist personalizes music recommendations based on users’ listening habits, updating throughout the day…
BYD Aims to Overcome Challenges in Japan’s EV Market
BYD, China’s largest electric vehicle (EV) manufacturer, faces challenges in its bid to expand into the Japanese market, despite efforts to boost sales through aggressive marketing and customer incentives. The…
AI-Powered Deepfake Scams Intensify in Crypto Sector During Q2 2024
According to a recent report by Gen Digital, the parent company of prominent antivirus firms Norton, Avast, and Avira, the use of artificial intelligence (AI) in crafting deepfake videos for…
South Korea Intensifies Inspections of Crypto Exchanges for Suspicious Activities
South Korea’s financial regulator, the Financial Supervisory Service (FSS), is set to initiate a comprehensive inspection of virtual asset exchanges to detect and deter suspicious or illegal transactions. This move…
SpaceX Orders Staff to Exit Brazil as Musk Faces Supreme Court Battle
SpaceX has instructed its employees to leave Brazil and avoid travel to the country, following a Brazilian Supreme Court decision to block X, formerly known as Twitter. This move is…
Magic Eden Leads in NFT Trading Volume, Outpacing Blur and OpenSea
Magic Eden has emerged as the leader in non-fungible token (NFT) trading volume, claiming the largest market share in August and surpassing its main competitors, Blur and OpenSea. This achievement…
Nvidia Responds to Claims of DOJ Antitrust Subpoena
Nvidia confirmed on Wednesday that it has not received a subpoena from the U.S. Department of Justice (DOJ) over antitrust concerns, despite reports to the contrary. Addressing the matter, a…
X Adheres to EU Regulations, Halts AI Chatbot Data Usage
The European Union‘s scrutiny of the social media platform X concluded successfully after the platform pledged compliance with the mandates set forth by the European Data Protection Commission (DPC). As…
Monochrome Asset Management Poised for Success with Australia’s First Direct Ether ETF Filing
Jeff Yew, CEO of Monochrome Asset Management, expressed confidence in the appeal of the Ether ETF to potential investors, particularly highlighting the ETF’s in-kind subscription model. This model allows investors…
New Mexico Sues Snap for Allegedly Fostering Child Exploitation and Sextortion
New Mexico has filed a lawsuit against Snap, accusing the social media giant of enabling and facilitating child sexual exploitation, sextortion, and trafficking through its popular app, Snapchat. The state’s…
Alibaba Expands Payment Options by Adding Tencent’s WeChat Pay
Alibaba has announced that its Taobao and Tmall e-commerce platforms will soon allow users to make payments through Tencent’s WeChat Pay, marking the first time such an option has been…