Since the launch of the ETFs, Thursday was the third worst day for the bitcoin-linked products. Interestingly, the other two times the ETFs saw outflows of over $400 million was on Nov. 4 ($541.1 million), just prior to the U.S. election, and May 1 ($563.7 million). On Nov. 4, bitcoin bottomed around $67,000 before going on a tear all the way to over $93,000. While the May low coincide with

A worker delivers Amazon packages in San Francisco on Oct. 24, 2024. David Paul Morris | Bloomberg | Getty Images Amazon on Thursday announced Prime members can access new fixed pricing for treatment of conditions like erectile dysfunction and men’s hair loss, its latest effort to compete with other direct-to-consumer marketplaces such as Hims & Hers Health and Ro. Shares of Hims & Hers closed down more than 24% on

The European Commission said the company tied its classified-ads platform to its flagship social network, undermining competition. Source link

But despite their complexity, former founder and leader of cybercrime cartel Shadow Crew, Brett Johnson told CoinDesk last year that some of Lichtenstein’s laundering methods, such as using Coinbase accounts directly connected to him, “did not make sense” and suggested a lack of experience. “Ilya is a f***ing idiot. If you look at the way he was trying to launder money, he was doing absolutely everything wrong,” Johnson said at

A grad student in Michigan received a threatening response during a chat with Google’s AI chatbot Gemini. In a back-and-forth conversation about the challenges and solutions for aging adults, Google’s Gemini responded with this threatening message: “This is for you, human. You and only you. You are not special, you are not important, and you are not needed. You are a waste of time and resources. You are a burden

Amazon logo on a brick building exterior, San Francisco, California, August 20, 2024. Smith Collection | Gado | Archive Photos | Getty Images Amazon representatives met with the House China committee in recent months to discuss lawmaker concerns over the company’s partnership with TikTok, CNBC confirmed. A spokesperson for the House Select Committee on the Chinese Communist Party confirmed the meeting, which centered on a shopping deal between Amazon and

Find insight on possible exceptions to Trump’s tariffs, ASML, Tencent and more in the latest Market Talks covering Technology, Media and Telecom. Source link

While an incoming chairman appointed by Trump, a recent crypto convert, could effectively clear the decks of future enforcement actions, dealing with the many cases already being litigated is a stickier prospect. Turning the SEC ship could take several months into 2025 — maybe longer. And even then, the lawyers say, dramatic case dismissals might not even happen. Source link

Facebook’s parent company, Meta, facing courtroom battle – CBS News Watch CBS News On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch correspondent Kelly O’Grady explains. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

LISBON, Portugal — Tech giants are increasingly investing in the development of so-called “sovereign” artificial intelligence models as they seek to boost competitiveness by focusing more on local infrastructure. Data sovereignty refers to the idea that people’s data should be stored on infrastructure within the country or continent they reside in. “Sovereign AI is a relatively new term that’s emerged in the last year or so,” Chris Gow, IT networking giant Cisco’s