In the ongoing legal saga surrounding FTX co-founder Sam Bankman-Fried, his defense team has proposed a maximum sentence of 6 1/2 years in prison. The recommendation comes in response to the potential of a 20-year sentence for Bankman-Fried's alleged involvement in a cryptocurrency exchange fraud scheme. Sam Bankman-Fried, a...
Read moreMicroStrategy Inc., recognized as the largest publicly traded corporate holder of Bitcoin, fell victim to a phishing attack that targeted its X account, resulting in unsuspecting users losing $440,000. According to Bloomberg, the incident, now under scrutiny by crypto security analysts, unfolded with alarming consequences as some users unwittingly...
Read moreNvidia Corp.'s stock surge resulted in short sellers facing approximately $3 billion in paper losses, marking a challenging situation for bearish traders, according to an analysis by S3 Partners LLC. Nvidia is the third-largest short in the US, as reported by S3. The significant mark-to-market losses are a setback...
Read moreIn a move to promote quality journalism and support local news outlets, Indonesia has mandated that tech giants Meta Platforms Inc. and Alphabet Inc. must enter into commercial agreements with Indonesian news publishers to use their content. This regulation aims to ensure fair compensation for the use of news...
Read moreIn a groundbreaking move that is set to reshape the landscape of the US credit card industry, Capital One Financial Corp. has unveiled its plans to acquire Discover Financial Services in a monumental all-stock deal worth $35 billion. The agreement, which marks the largest deal of the year so...
Read moreApple Inc. is on the verge of facing a hefty fine of nearly €500 million ($539 million) from the European Union as a result of an ongoing investigation into allegations of anti-competitive behavior. The tech giant, known for its popular devices and services, is under scrutiny for allegedly stifling...
Read moreSpaceX, the aerospace company founded by Elon Musk, has set its sights on relocating its business incorporation from Delaware to Texas. This strategic move was revealed through a recent filing with the Texas Secretary of State's office, marking the company as the latest entity under Musk's leadership to make...
Read moreIn a remarkable turn of events, Japanese chip stocks are experiencing a significant rally driven by heightened demand from China, despite looming concerns over US restrictions. The surge in demand from China for legacy chip making equipment has propelled Japanese producers to new heights, positioning them as key players...
Read moreBitcoin, the renowned cryptocurrency, has recently dominated headlines once again with its remarkable performance in the financial market. Breaking records and setting new milestones, BTCcontinues to captivate investors worldwide. In a groundbreaking development, Bitcoin has surpassed the significant threshold of $50,000, marking an extraordinary achievement for this digital asset....
Read moreIn preparation for the highly anticipated Super Bowl Sunday, X, the rebranded social network formerly known as Twitter, has rolled out exclusive Million Dollar-Ad Packages to attract top-tier advertisers. These special ad packages, directly tied to the National Football League playoffs and the grand Super Bowl event, feature premium...
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