A serious mishap by the South Korean National Tax Service (NTS) has led to the theft and loss of 6.9 billion won in PRTG tokens. The police had accidentally released the mnemonic code tied to the crypto assets taken into custody from a high-value trader, as part of the raid on tax evaders. This serious … Read more
Netflix recently pulled out of its Warner Bros. Discovery bid after Paramount Skydance upped the ante with a superior offer. The move is seen as Netflix leadership prioritizing financial discipline over aggressive acquisitions. The company’s share price jumped to $96.24, marking an increase of 13.77%. The global video streaming leader with more than 325 million … Read more
Elon Musk’s SpaceX is reportedly moving toward a confidential IPO filing this March, followed by a potential June listing. The company is aiming for a valuation of $1.75 trillion by raising up to $50 billion. The debut of the aerospace giant in the public market is expected to surpass Saudi Aramco’s $29 billion in 2019. … Read more
Oracle Corporation (ORCL) shares are experiencing significant pressure due to a confluence of legal, financial, and strategic challenges, even as the company reported robust figures in its recent Q4 earnings. Stock Declines Despite Positive Results Oracle Corporation recently presented a fundamentally positive earnings report. The firm reported Earnings Per Share (EPS) of $2.26, decisively surpassing … Read more
Meta established a multi-billion-dollar lease with Google to accelerate the supply of AI chips. This agreement ensures Meta’s access to Google’s TPUs, which are specifically engineered for large-scale AI training and inference. Previously, Meta Platforms has been relying heavily on the major leading chip makers, Nvidia and Advanced Micro Devices, for advanced GPUs to train … Read more
Global energy markets were thrown into a state of intense volatility on Monday as oil prices surged in response to a dramatic military escalation between the United States and Iran. Traders are pricing in a significant “war premium” following Operation Epic Fury, a series of coordinated U.S. and Israeli military strikes that have left the … Read more
Mainstream social media platform X, owned by multibillionaire Elon Musk, has officially lifted its global ban on paid crypto and gambling promotions. Under its revised labeling policy, X now permits marketers to run paid cryptocurrency promotions. According to X’s Paid Partnerships Policy, officially updated on Sunday, crypto is not a part of the restricted categories. … Read more
Escalating geopolitical tensions, including the US-Iran conflict and retaliatory strikes across the Middle East, have rattled the broader cryptocurrency market, driving major assets such as BTC and ETH below key support levels. Bitcoin, the largest cryptocurrency by market cap, has reportedly fallen back to $66K, after the weekend rally that nearly broke the $70K support … Read more
Amazon Web Services (AWS) is currently battling a significant infrastructure emergency in the Middle East following a rare physical disruption to its cloud hardware. On Sunday, unidentified objects struck an AWS data center in the United Arab Emirates (UAE), triggering a power failure and a subsequent fire that has sent ripples through the regional digital … Read more
In a move that has reignited the long-standing civil war over the purpose of the Bitcoin blockchain, a prominent Slovak developer has successfully embedded a 64-kilobyte image directly into a single transaction. The experiment, conducted by Martin Habovštiak — a respected maintainer of the RustBitcoin library — was not a pursuit of digital art, but … Read more
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