BNB Chain Launches 'Red Alarm' to Combat Rising Security Risks
BNB Chain activates 'Red Alarm' in major security push.
Industry
38 articles · Page 1 of 2 · Auto-updated
Crypto VC funding: Uranium Digital raises $16.5m, LO:TECH secures $12m
Crypto funding announcements totaled $43.5 million across six disclosed financings during Oct. 31–Nov. 6, led by Uranium Digital’s $16.5 million Series A, while five other investment announcements carried no disclosed amount. According to Crypto Fundraising and ICO Analytics records, checked…
Ansem denies Sahil ties after $100,000 MOTHER promotion claim
Crypto trader Ansem has denied working with Sahil Arora after the celebrity memecoin promoter alleged he paid him approximately $100,000 to promote MOTHER and shared purported conversations and wallet transfers linked to other launches. Sahil’s posts on Nov. 6 and…
Data center protests spread as US voters back candidates promising tighter rules
Opposition to AI data centers has gone beyond local planning meetings. Last Friday, protesters infiltrated a construction site related to Microsoft in Amsterdam, as the protest mounts in 16 countries. Resistance has reached the US midterm elections: the Democrats won a majority in Congress and some of the winning candidates for governors pushed for better...
Microsoft to drop rented computing capacity from Oracle
Microsoft is ending an arrangement to rent AI computing power from its rival Oracle, Bloomberg reported. Oracle shares dipped 4% on Friday on the news. The report fed fresh doubts about how long the AI infrastructure boom can continue to sustain itself. Microsoft has been using less of the rented computing power in recent months...
Amazon launches text-based shopping using Alexa
Amazon gave a select group of US customers early access on Friday to shop over text using its Alexa for Shopping agent. The feature lets you search for items, compare options, and place orders right inside a text thread. This lands right before the holiday shopping rush, pushing Amazon deeper into the race for AI-driven...
OpenAI reportedly secures $11 billion in funding at $1.25 trillion valuation
A raise of about $11 billion has happened at OpenAI, representing the opening slice of a new funding round pricing the AI company at $1.25 trillion. Bloomberg reported the funding round, citing people familiar with the matter who were not authorized to speak publicly. OpenAI received the wired funds on Friday. A source stated that...
XN plans to buy more Anthropic shares at IPO as AI sell-off tests valuation
XN is not backing away from Anthropic. The New York investment firm founded by Gaurav Kapadia plans to be a “large participant” in the Claude maker’s IPO despite the AI stock sell-off, the Financial Times reported. Public investors, meanwhile, are questioning its proposed $1.5 trillion valuation. A $5.3 billion bet, and a plan to add...
Treasury Cuts Crypto Exchange MEXC Off From US Financial System
FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North Korea and Russia.
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Greece Passes Crypto Tax Law With 10% Gains Levy, 15% on Staking and DeFi
Greece has approved a crypto tax framework with a €500 ($557) annual gains threshold and new rules for staking and DeFi income, but lawmakers left important questions about token swaps unresolved.
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Ex-FBI agent pleads guilty to $2.5M crypto theft he first lowballed
A former FBI agent has pleaded guilty to stealing about $2.47 million in crypto from FBI investigations. Patrick Steven Yaroch admitted to wire fraud and money laundering. He admitted that he stole more than double the $1 million he first stated when he came forward in July. How did a former FBI agent steal $2.47...
Only crypto firms still let OKXICE tokenize their stock
Only six crypto companies on OKXICE’s list have not blocked the venue from tokenizing their shares, as 67 companies have now objected. OKXICE’s original list had 62 companies, but 67 companies have objected. 56 of the original 62 have objected as of this report. Which companies have not objected to OKXICE’s stock tokens? OKXICE is...
Paraguay Protests Over Bank Lockout Intensify as Impeachment Vote Nears
Savers locked out of Ueno Bank burned their cards, booed a former presidential candidate out of the crowd, and watched Congress move to remove President Peña.
Keystone discloses Nexus app cyberattack, its third security disclosure in two weeks
Keystone has told users to update its Nexus app to version 1.3.7 after a cyberattack disrupted some of the app’s services. It is the third security disclosure that the hardware wallet maker is making in roughly two weeks. The Nexus App attack and the v1.3.7 fix Keystone posted on X on Friday, November 6, that...
US Sanctions 45 More Targets Tied to Alleged Crypto Scam Empire Prince Group
OFAC targeted offshore companies and associates it says helped Prince Group executives hide assets and dodge earlier sanctions.
Anthropic IPO Valuation Could Be Slashed in Half to $1T After AI Stock Rout: Report
Investors told The Wall Street Journal that the $1.5 trillion target now looks too high, as prediction markets bet on a December listing.
Tesla to drop Cybertruck production in 2027 as MUsk focus changes to robotics and AI
Elon Musk announced on X that Tesla would start cutting Cybertruck production at its Texas factory around the middle of next year to make room for more Cybercabs. Musk did not say when Tesla would stop making the Cybertruck or whether production would move to another factory. The decision is described as “a slow goodbye,”...
EU furthers probe into TikTok over harmful algorithm
The European Commission has accused TikTok of breaking the bloc’s online-content rules by building a recommendation system that traps users in “rabbit holes” of similar videos. Brussels claims this design can damage the mental health of children and vulnerable people. The preliminary findings put TikTok at risk of fines worth up to 6% of parent...
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China’s central bank says Solana’s Shanghai event was stopped over illegal crypto promotion
The People’s Bank of China (PBOC) has responded that it disrupted Solana’s mid-October event in Shanghai because of the illegal virtual currency marketing red flags raised by the event’s promoters. The PBOC official, quoted by Financial News (Jinrong Shibao), a news outlet run by the central bank, also noted that the firms and individuals behind...
Tesla to Wind Down Cybertruck Production as Elon Musk Pivots to Robotaxis and AI
The Tesla CEO said the Texas plant will make room for the Cybercab, as sales of the stainless-steel pickup run far below capacity.