Google has reached a first-of-its-kind agreement with California officials to provide significant funding for local newsrooms and avoid proposed legislation that would have required tech giants to compensate news organizations for distributing their content. The deal, announced on Wednesday, involves a joint investment of $250 million over the next five […]
WeRide, a prominent self-driving technology company, has announced a delay in its planned initial public offering (IPO) in the United States. Citing the need for more time to complete necessary documents, the company has postponed the listing, which was initially scheduled for this week. The delay comes as a setback […]
The cryptocurrency industry has emerged as a dominant player in U.S. politics. A new report by watchdog group Public Citizen reveals that crypto companies, executives, and investors have collectively spent an unprecedented $119 million to influence the 2024 U.S. congressional elections. This surge in spending underscores the growing political clout […]
A new report by the National Crime Agency (NCA) has revealed a staggering scale of cryptocurrency-related crime in the United Kingdom. The agency estimates that up to $5.1 billion in illicit crypto transactions are linked to the UK annually. According to the report, international criminal networks are leveraging cryptocurrencies to […]
Chronicle, a decentralized oracle network, has integrated its real-world asset (RWA) oracle with M^0, an Ethereum-based stablecoin minting protocol. This partnership aims to enhance the security and transparency of M^0’s collateral verification processes. Oracles play a crucial role in connecting blockchains to the real world, allowing smart contracts to execute […]
BlackRock’s iShares Ethereum Trust (ETHA), the first spot ether exchange-traded fund (ETF) to launch in the United States, has surpassed the $1 billion mark in net inflows. This milestone makes ETHA the top-performing ether ETF in terms of net inflows, outpacing its rivals by a significant margin. According to SoSoValue […]
BSX Exchange, a decentralized derivatives trading protocol built on the Ethereum Layer 2 network Base, has raised $6.2 million in pre-seed and seed funding rounds. The latest seed round, worth $4 million, was led by Blockchain Capital, BSX announced on Wednesday. The pre-seed round, which raised $2.2 million a year […]
Bitcoin mining companies Bitfarms (BITF) and Stronghold Digital (SDIG) have announced a merger in a deal valued at $175 million. The transaction, which is expected to close in the first quarter of 2025, involves a combination of stock and debt financing. Under the terms of the agreement, Stronghold shareholders will […]
The Dow Jones Industrial Average (DJIA) is trading in a narrow range on Wednesday, as investors eagerly await the start of the annual Jackson Hole Economic Symposium on Thursday. The market’s focus remains on the Federal Reserve (Fed) and its potential rate cutting path. Expectations for a rate cut in […]
