Former Tether chief investment officer Richard Heathcote is seeking to sell a portion of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing sources familiar with the matter. The planned transaction could provide a rare public window into ownership of Tether, one of the most profitable and privately held companies in […]
More than 120,000 tech workers have lost their jobs in 2026, and for many of the largest employers, artificial intelligence is the stated reason. Microsoft said Monday it eliminated about 4,800 roles, or 2.1% of its global workforce, adding to a wave of cuts that has swept the industry this year. The company said the […]
Bitmine Immersion Technologies, one of the largest corporate holders of Ether (ETH), announced Monday that it added $74 million worth of the second-largest cryptocurrency by market cap to its treasury. The purchase comes as the company’s chair, Tom Lee, cited growing optimism around the potential passage of the Digital Asset Market Clarity (CLARITY) Act in […]
Ethereum co-founder Vitalik Buterin has outlined a potential direction for the network’s next major upgrade, hinting at a suite of changes designed to dramatically improve scalability and further integrate layer-2 solutions. In a series of posts on a public forum, Buterin described a roadmap that would build on the foundation of the Merge, the 2022 […]
The Asia-Pacific region continues to shape the global crypto space with a series of regulatory, corporate, and geopolitical developments this week. Dubai has reached a milestone of 50 licensed virtual asset service providers, India’s central bank is renewing its push to keep the banking sector insulated from crypto, and Russia is on track to launch […]
South Africa’s tax authority has published draft guidance clarifying how crypto assets are taxed under existing income and capital gains tax rules. The South African Revenue Service (SARS) released the proposed guidelines on Wednesday, applying the country’s existing tax framework, primarily the Income Tax Act of 1962, alongside capital gains tax provisions. The public has […]
Mistral AI, the Paris-based artificial intelligence company founded in May 2023, has become Europe’s most prominent challenger to U.S. frontier labs like OpenAI and Anthropic. With annual recurring revenue surging from $20 million to over $400 million in just one year, and a rumored $3.5 billion funding round that would value it at $23.15 billion, […]
Crypto exchange Kraken has begun accepting select tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading, allowing eligible users to open leveraged positions without selling their holdings. The feature initially supports 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and Invesco QQQ Trust. Eligible […]
Kalshi recorded its highest monthly trading volume in June, driven by surging activity around the 2026 FIFA World Cup, as prediction markets continue to attract both retail traders and regulatory scrutiny. Data from DefiLlama shows Kalshi processed nearly $9.4 billion in trading volume last month, up from roughly $5.3 billion in May. Polymarket International also […]
Alibaba will prohibit employees from using Anthropic’s Claude Code programming tool starting July 10, 2026, according to multiple reports. The Chinese e-commerce and cloud computing giant has classified the AI-powered coding assistant as high-risk software and is directing staff to switch to its own internal tool, Qoder. Alibaba will ban employees from using Anthropic’s Claude […]
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