Binance, the world’s largest cryptocurrency exchange, is under investigation by French prosecutors for “aggravated money-laundering” and operating an unauthorized exchange. The police raided Binance’s Paris office just days after the exchange’s French CEO, David Prinçay, dismissed concerns about US regulatory charges affecting Binance’s other operations, comparing them with the flapping of a butterfly’s wings. Dismissing
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Thierry Breton, EU commissioner for internal market, has called for more EU member states to ban Chinese telecommunications firms Huawei and ZTE from their 5G networks due to national security risks. Breton urged countries to remove “high-risk” suppliers from their mobile internet infrastructure upgrades and emphasized the importance of speeding up decisions in his speech
Microsoft shares have soared to an all-time high of $348.10, following analysts at JPMorgan Chase touting the software maker’s growth prospects in artificial intelligence (AI). The stock rose by 3.2%, topping its prior all-time high reached in November 2021, the same month the Nasdaq peaked. The Federal Reserve’s announcement on Wednesday that it would hold
Twitter has suspended the accounts of Plainsite and its founder Aaron Greenspan, who is known for being a prolific critic of Tesla and Elon Musk. Plainsite is an online database that provides access to state and federal court filings as well as other public records to its users for free. In addition, the site offers
Google’s return-to-office plans have been a source of concern across the company since the pandemic. The company has updated its hybrid three-day-a-week office policy and included badge tracking, which has caused frustration among employees. There is growing concern among staffers that management is overreaching in its oversight of physical attendance. Employees are being treated like
Water scarcity is one of the most significant components of the climate crisis. As per researchers, large Asian economies such as India and China are facing the most severe water shortages. Asia is an industrialization hub that is witnessing rapid urbanization, requiring a significant amount of water. Arunabha Ghosh, the CEO of the Council on
Amazon is using artificial intelligence (AI) to help customers make informed decisions when shopping on their platform. The e-commerce giant has started testing a new feature in its shopping app that generates AI-generated summaries of customer reviews on selected products. The summaries provide a concise overview of the product, including what customers liked and disliked
Oracle’s shares rose by as much as 5% during after-hours trading on Monday after the company announced its fiscal fourth-quarter results, which exceeded Wall Street’s expectations. According to Refinitiv, Oracle’s earnings per share stood at $1.67, surpassing analysts’ expectations of $1.58 per share. The company’s revenue also exceeded expectations, reaching $13.84 billion, against an expected
Two Colorado-based companies, Ursa Major and Orbit Fab, have laid off employees as they seek to adapt to a new reality of tight funding environment in the space industry. The layoffs come at a time when the sector is experiencing the lowest period of investment since 2015. The job reductions at Ursa Major and Orbit
This week, the Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase and Binance for securities violations, causing a selloff in the crypto industry. According to CoinMarketCap, four out of the top 10 coins experienced a plunge in value of at least 15%, leading to crypto investors taking the hint. The selloff was sparked