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Tether eyes U.S. expansion with new stablecoin as CEO courts Washington crypto players

Tether eyes U.S. expansion with new stablecoin as CEO courts Washington crypto players

Technology News

DUBAI, United Arab Emirates — Tether, the world’s largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation. In an interview with CNBC this week, Tether CEO Paolo Ardoino revealed that the company is working on plans […]

Tether eyes U.S. expansion with new stablecoin as CEO courts Washington crypto players Read More »

Ireland fines TikTok 530 million euros for sending EU user data to China

Ireland fines TikTok 530 million euros for sending EU user data to China

Technology News

The TikTok logo is seen outside the Chinese video app company’s Los Angeles offices on April 4, 2025 in Culver City, California. Robyn Beck | AFP via Getty Images TikTok has been fined 530 million euros ($601.3 million) by Ireland’s privacy regulator for sending user data to China. The Irish Data Protection Commission (DPC) —

Ireland fines TikTok 530 million euros for sending EU user data to China Read More »

Reddit shares rocket as high as 19% on strong sales and guidance

Reddit shares rocket as high as 19% on strong sales and guidance

Technology News

Reddit reported first-quarter earnings Thursday that beat Wall Street expectations on sales and guidance. Shares of the social media company rose as high as 19% in after-hours trading, but receded to around 5% when executives discussed the shaky economy and Google search-related challenges. Here’s how the company did compared with LSEG estimates: Earnings per share: 13

Reddit shares rocket as high as 19% on strong sales and guidance Read More »

Microsoft raises prices of Xbox video game consoles due to ‘market conditions’

Microsoft raises prices of Xbox video game consoles due to ‘market conditions’

Technology News

Microsoft CEO Satya Nadella speaks during an event celebrating the 50th Anniversary of Microsoft in Redmond, Washington, on April 4, 2025. Stephen Brashear | Getty Images News | Getty Images Microsoft said Thursday that it has increased the recommended retail prices of its Xbox video game consoles and some controllers globally due to “market conditions.”

Microsoft raises prices of Xbox video game consoles due to ‘market conditions’ Read More »

Nvidia says Anthropic is telling ‘tall tales’ in its defense of U.S. AI chip restrictions on China

Nvidia says Anthropic is telling ‘tall tales’ in its defense of U.S. AI chip restrictions on China

Technology News

U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC. Andrew Harnik | Getty Images Nvidia blasted Anthropic Thursday in a rare public clash over artificial intelligence policy with U.S. chip

Nvidia says Anthropic is telling ‘tall tales’ in its defense of U.S. AI chip restrictions on China Read More »

Meta Platforms jumps 6% on earnings beat, advertising resilience

Meta Platforms jumps 6% on earnings beat, advertising resilience

Technology News

Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta Platforms shares jumped more than 6% Thursday after the company topped earnings expectations and showed advertising resilience in a murky macroeconomic environment. “Key here is that Meta’s adv.

Meta Platforms jumps 6% on earnings beat, advertising resilience Read More »

Britain at risk of losing ground to rival fintech and crypto hubs, execs warn

Britain at risk of losing ground to rival fintech and crypto hubs, execs warn

Technology News

Workers cross a junction near the Bank of England (BOE) in the City of London, UK, on Tuesday, April 8, 2025.  Bloomberg | Bloomberg | Getty Images LONDON — Britain is at risk of losing budding fintech and cryptocurrency entrepreneurs to rival hubs if it doesn’t address pressing regulation and funding challenges, according to industry

Britain at risk of losing ground to rival fintech and crypto hubs, execs warn Read More »

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