The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator alleged were an “illegal” exchange and a “sham” compliance program. The CFTC sued Binance, Zhao and its former top compliance executive with “willful evasion” of […]
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Pinterest Inc will end leases of certain office spaces as part of a restructuring plan, the image-sharing platform said on Monday, in addition to about 4% workforce reduction it started last month. U.S. companies from technology to finance have stepped up cost cuts as they brace for a potential recession. Pinterest said it expected to […]
The head of the U.S. National Security Agency’s cybersecurity directorate on Monday said TikTok represents a “strategic issue” rather than an immediate “tactical” threat to the United States. Speaking at a policy conference in Northern California, Rob Joyce, director of cybersecurity for the spy agency, reiterated the agency’s earlier position that the Chinese-owned social networking […]
EU police force Europol on Monday warned about the potential misuse of artificial intelligence-powered chatbot ChatGPT in phishing attempts, disinformation and cybercrime, adding to the chorus of concerns ranging from legal to ethical issues. Since its release last year, Microsoft-backed OpenAI’s ChatGPT has set off a tech craze, prompting rivals to launch similar products and […]
A trial kicks off in San Francisco federal court on Monday to determine how much money Tesla Inc must pay to a Black elevator operator who a jury determined was subjected to severe racial harassment while working at the electric auto maker’s flagship assembly plant. The trial is scheduled to last five days. Last year, […]
Lebanon’s caretaker prime minister said the cabinet had voted to move clocks one hour ahead on Wednesday night, reversing his decision to postpone the move to daylight savings by a month that had sparked uproar across the country. Caretaker Prime Minister Najib Mikati said the decision had been taken after a “calm discussion”. Mikati triggered […]
A group of Japan’s ruling Liberal Democratic Party (LDP) lawmakers plans to compile a proposal next month urging the government to ban social networking services such as TikTok if they are used for disinformation campaigns, an LDP lawmaker said on Monday. Many U.S. lawmakers are calling on the Biden administration to ban the popular Chinese-owned […]
On an April day, the founder of a U.S. startup called Make Sunsets stood outside a camper van in Mexico’s Baja California and released two weather balloons containing sulfur dioxide into the air, letting them float towards the stratosphere. Entrepreneur Luke Iseman said the sulfur dioxide in the balloons would deflect sunlight and cool the […]
Robinhood Inc made an exception to its short position ban for clients who had winning ‘puts’ against failed lender Signature Bank, the Financial Times reported on Thursday. Put options are contracts that give a buyer the right, but no obligation, to sell shares in future. Shares of New York-based Signature have shed nearly 37% in […]
Elon Musk’s brain implant company Neuralink has approached one of the biggest U.S. neurosurgery centers as a potential clinical trials partner as it prepares to test its devices on humans once regulators allow for it, according to six people familiar with the matter. Neuralink has been developing brain implants since 2016 it hopes will eventually […]