The Financial Conduct Authority in Britain recently announced new guidelines for financial services companies and social media influencers regarding the promotion of cryptocurrencies and other investments through memes. The regulator emphasized the importance of all marketing materials, including memes, being fair, clear, and non-misleading in order to protect consumers from potential scams. The FCA stated
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Andy Bechtolsheim, a prominent figure in the tech industry as the co-founder of Sun Microsystems and Arista Networks, recently found himself embroiled in an insider trading scandal. This scandal involved Cisco’s acquisition of Acacia Communications in 2019, where Bechtolsheim allegedly made illegal profits by trading options based on confidential information he obtained. The Securities and
Bitcoin recently experienced a significant spike, surpassing the $70,000 mark to kick off the final week of March. This surge was accompanied by an increase in the price of Ether, as well as other cryptocurrencies. Additionally, various companies tied to the cryptocurrency market, such as MicroStrategy, Coinbase, Marathon Digital, Riot Platforms, CleanSpark, and Cipher Mining,
The tech IPO market on Wall Street saw a much-needed resurgence this week as Reddit and Astera Labs made their market debuts. These two companies, although from different sectors of the technology market, marked the first significant venture-backed tech IPOs in the U.S. since September of the previous year. This ending of a dry spell
The Justice Department’s top antitrust official, Jonathan Kanter, emphasized the importance of competition on the merits in the tech industry. He stated that Apple shareholders should push the company to engage in fair competition, which benefits businesses, consumers, and the economy as a whole. This message echoes the core principles of antitrust laws, which aim
Kevin O’Leary, known for his ventures in business, is currently putting together a syndicate for a potential purchase of TikTok. The starting bid for the short video-sharing platform is set to be between $20 billion to $30 billion, which marks a significant cut in valuation from the company’s last funding round. TikTok, valued at $220
Elon Musk’s startup Neuralink recently made headlines with a groundbreaking live video showcasing a patient using the company’s brain implant to control external technologies. The patient, Noland Arbaugh, is the first human to be implanted with Neuralink’s device, marking a significant milestone in the field of brain-computer interfaces. A BCI is a system designed to
In a bold and ambitious move, Saudi Arabia’s Public Investment Fund (PIF) is reportedly in discussions with American venture capital firm Andreessen Horowitz to establish a massive $40 billion fund dedicated to investing in artificial intelligence. This potential collaboration, as reported by The New York Times and later confirmed by CNBC sources, signifies a significant
Equinix, the $80 billion data center provider, is currently under scrutiny by Hindenburg Research for allegedly manipulating key metrics to present a more favorable image of profitability to shareholders. The short seller has taken a position against Equinix, indicating a belief that the real estate investment trust’s shares will decline in value. As a result
The White House recently announced that Intel has been awarded up to $8.5 billion in funding from the CHIPS Act, as part of the Biden administration’s push to bring semiconductor manufacturing back to U.S. soil. This move comes as the administration aims to keep America at the forefront of innovation by supporting the production of