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Bitfufu Expands to Africa: Acquires 80MW Bitcoin Mining Facility in Ethiopia
Nasdaq-listed cloud mining services company Bitfufu has announced an agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This strategic move marks a significant…
TSMC halts supply to customer after finding its chip in Huawei product, source says
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co (TSM, 2330.TW) has suspended shipments to a customer after it discovered that one of its chips supplied to the client ended up in…
Revenue Rises 19%, But Stock Takes A Hit
Vertiv Holdings Co (NYSE:VRT) shares are trading lower after the company reported third-quarter results. Net sales rose 19% year-over-year to $2.074 billion, beating the consensus of $1.977 billion. Organic orders (excluding foreign exchange) rose 17%. Adjusted…
Nigeria Drops Money Laundering Charges Against Ex-US Federal Agent
The Nigerian government has dropped money laundering charges against jailed Binance executive and former U.S. Federal agent Tigran Gambaryan. The Binance executive’s lawyer said the charges were dropped after the…
McDonald’s stock sinks after CDC reports E. coli outbreak linked to quarter pounder
McDonald’s (MCD) shares tumbled over 6% in premarket trading on Wednesday after the Centers for Disease Control and Prevention said the company’s quarter pounder burgers had been linked to an…
Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal
Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He’s accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup…
LBank x 7 Meme Projects: Don’t Miss the Halloween Campaign with $7,000 in Prizes
PRESS RELEASE. LBank, leading global cryptocurrency exchange, has officially launched its “Spooky Season” Halloween Campaign, running from October 22 to November 3, 2024. With a total prize pool of $7,000…
Do androids dream of zero-knowledge?
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the famous opening scene of Blade…
AT&T exceeds wireless subscriber estimates on demand for pricey unlimited plans
(Reuters) -AT&T gained more wireless subscribers than expected in the third quarter, driven by the steady adoption of its higher-tier unlimited plans that come with perks including increased hotspot data.…
Linkedin Under Scrutiny for Potential South African Privacy Violations
A South African artificial intelligence association has accused Linkedin of violating local data privacy laws by using user data to train its AI models without explicit consent. The association has…
AGNC Investment Sees a Big Change Ahead. Here’s What That Could Mean for its Nearly 14%-Yielding Dividend.
AGNC Investment (NASDAQ: AGNC) is a leader in investing in the Agency residential mortgage-backed securities (MBS) market (i.e., MBS protected from credit losses by government agencies like Fannie Mae). The…
ApeCoin (APE) Explodes Over 135% Following Launch of Ecosystem’s New Blockchain
One altcoin running on the Ethereum (ETH) network is seeing massive gains after a new blockchain launched in its ecosystem. ApeCoin (APE), the digital asset associated with the Bored Ape…
Iran Urges BRICS to Create Financial System Free From Western Influence
Iranian Ambassador Kazem Jalali has urged BRICS nations to establish an independent financial and banking system, free from Western standards, which he claims harm Global South countries. Speaking ahead of…
The Impact of Blockchain Technology on Various Industries
The general assumption about blockchain technology painted it as the core component of cryptocurrencies. Many people believed that blockchain technology is useful only for developing cryptocurrencies. On the contrary, the…
It’s Getting Harder to Qualify for Social Security Benefits in Retirement. Here’s the Reason Why
One of the biggest Social Security myths out there is that everyone is entitled to a monthly benefit once they reach a certain age. But that’s not how the program…
UK Stands Firm on Tough Crypto Regulations, Warns Against Lowering Crypto Standards
A Financial Conduct Authority (FCA) official has emphasized the importance of high regulatory standards for crypto asset registrations. She defended the UK’s stringent rules, aiming to protect consumers and financial…
Japan’s Election Heats up With Calls for Crypto Tax Cuts and Regulatory Reforms
Yuichiro Tamaki, leader of Japan’s Democratic Party for the People, is advocating for significant cryptocurrency tax reforms ahead of the general election. His party proposes a 20% tax on crypto…
Bank of America CEO Urges Fed to Not Go Too Hard on Rates
(Bloomberg) — Bank of America Corp. Chief Executive Officer Brian Moynihan has urged Federal Reserve policymakers to be measured in the magnitude of interest-rate reductions. Most Read from Bloomberg “They…
Japanese Entertainment Giant’s Crypto Arm in Partnerships to Support Web3 Economy
Japanese cryptocurrency exchange DMM Crypto has secured Neoclassic Capital, a Florida-based global investment firm, as its lead investor. DMM Crypto also partnered with Presto, a quantitative trading company. The investments…
Election and Fed jitters grip markets
A look at the day ahead in European and global markets from Ankur Banerjee The rising odds of a Trump presidency in a still-too-tight-to-call U.S. election and shifting expectations of…
Football Stars to Face Legal Actions Regarding $3.2B Pyramid Scheme Promotion
Promoting Omegapro, a pyramid scheme that raised over $3 billion from over 3 million customers, might make a group of European football stars face legal action. Hundreds of users affected…
Shifting Fed Views Boost Dollar, Weigh on Stocks: Markets Wrap
(Bloomberg) — The dollar rose, weighing on Asian shares as risk appetite stayed subdued given the prospect of less aggressive Federal Reserve interest rate cuts. Most Read from Bloomberg The…
Is G20 Losing Relevance? BRICS’ Rise Signals Shift in Global Power
The rapid rise of BRICS is challenging the relevance of the G20 as a global platform, with BRICS nations now surpassing the G7 in economic output. As BRICS gains influence,…
Starbucks baristas and customers have one message to new CEO: change!
By Waylon Cunningham (Reuters) – Starbucks’ new CEO Brian Niccol has his work cut out for him. Tasked with reassuring investors that the company’s coffee shops are still hugely popular…