Meta drops 15% on weak outlook and high AI and metaverse spending
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.
Changpeng Zhao could serve time in the same facility as ‘crypto-anarchist’ Jim Bell
An expert in U.S. federal prisons suggested that the former Binance CEO, if sentenced to incarceration, could face the risk of “theft and extortion” from other inmates.
Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation
The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months.
US authorities arrest and charge new figure in OneCoin scheme — who is William Morro?
Reports suggested that the latest individual to be charged in connection to the crypto scheme was associated with Gilbert Armenta, the boyfriend of OneCoin founder Ruja Ignatova.
UK regulator scrutinizes Big Tech's role in AI industry
Regulatory scrutiny is intensifying in the U.K. as Big Tech’s deepening involvement in the AI sector raises concerns over competition and market dominance.
SEC targets Uniswap Labs, raising concerns over open-source code liability
SEC actions have made developers fearful that their code may end in prosecution. Are smart contracts with immutable code the way to protect themselves?
Linux on Bitcoin? Open-source framework BitVMX envisions BTC-powered programs
A new Bitcoin computational framework aims to power various applications and functions using native BTC, including token bridges and aggregator oracles.
Coca‑Cola pours $1.1B into generative AI experiment with Microsoft
Microsoft intends to use services like Azure OpenAI Service and Copilot for Microsoft 365 to help drive AI innovation for the Coca‑Cola Company and its network of independent bottlers worldwide.
Nigeria’s central bank forced to deny claims of crypto account freeze
The CBN, through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited.
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