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Updated 2024-12-22 04:02
News Roundup of the Week: Google Unveils New AI Tool, Apple Wants a Piece of Foldable Devices, and More
Google's new AI tool Project Mariner can forever change the way you use the internet. It is an AI tool that can use the web in the same way as humans doOpenAI was hit by a technical outage alongside Meta's social networking platforms.Apple is reportedly planning to launch two new foldable devices in 2026.26-year-old OpenAI whistleblower Suchir Balaji was found dead in his San Francisco Apartment.The US's New NASA head says that space soldiers" are inevitable.The post News Roundup of the Week: Google Unveils New AI Tool, Apple Wants a Piece of Foldable Devices, and More appeared first on Techreport.
Weekly Roundup – 5 Headlines from the Week You Just Can’t Miss
TikTok has appealed to the Supreme Court to put its impending US ban on hold.Apple is facing a $1.2 billion lawsuit for abandoning its plans to prevent the distribution of child-abusive sexual material on iCloud. X adds a new image generator called Aurora to GrokAI. OpenAI launches a $200 super plan for users.Grok AI is finally available for free for all users.The post Weekly Roundup - 5 Headlines from the Week You Just Can't Miss appeared first on Techreport.
Ex-employee Accuses Apple of Illegal Surveillance In a Lawsuit
Key Takeaways Apple has been sued by an ex-employee for allegedly spying on employee devices. The plaintiff is Amar Bhakta, who worked as a digital advertiser at Apple since 2020....The post Ex-employee Accuses Apple of Illegal Surveillance In a Lawsuit appeared first on Techreport.
Weekly Roundup: Top 5 News From the Week
Key Takeaways So much happened this week that you might not have been able to keep a tab on everything. So we have brought to you the top 5 most...The post Weekly Roundup: Top 5 News From the Week appeared first on Techreport.
Intel Scores a $7.86 Billion Investment Through the CHIPS and Science Act
Intel has received $7.86 billion through the CHIPS and Science Act as confirmed by the US Department of Commerce. This funding will directly fuel the semiconductor manufacturing projects that Intel has planned to launch in Arizona, New Mexico, Ohio, and Oregon.In addition to this funding, it also managed to secure a $3 billion award from the Department of Defense and a 25% investment tax credit from the U.S. Treasury Department. This will also add more than 20,000 construction jobs, 10,000 company jobs, and 50,000 indirect jobs.The post Intel Scores a $7.86 Billion Investment Through the CHIPS and Science Act appeared first on Techreport.
Tech Weekly Roundup: Top 5 News from the Week You Can’t Miss
Google blocked 1000+ pro-Chinese sites that were spreading Chinese propaganda. Amazon decided to invest an additional $4 billion in Anthropic, bringing its total investment in the company to $8 billion. Amazon and Google mobile browsers might be under probe by UK regulators.Thousands of Amazon workers across the US, UK, Germany, and 17 other countries have decided to go on strike this Black Friday. Amid rising threats from Russia, the UK is seeking collaboration with its NATO allies to amp up its defenses against cyber threats.The post Tech Weekly Roundup: Top 5 News from the Week You Can't Miss appeared first on Techreport.
Gary Gensler to Leave SEC on Trump’s Presidency Day Edges $BTC Close to $100K
Gary Gensler is resigning from being the Securities Exchange Commission (SEC) chairman on January 20 (when Trump assumes office).Katrina Paglia, chief legal officer at Pantera (a crypto asset manager), foresees the SEC's current lawsuits on blockchain companies ending quietly.'Owing to Trump's pro-crypto stance and election victory, Bitcoin has been hitting ATH after ATH. It's getting closer and closer to $100K.The post Gary Gensler to Leave SEC on Trump's Presidency Day Edges $BTC Close to $100K appeared first on Techreport.
Samsung’s Gauss 2 Model Pioneers AI Integration
Gauss 2 processes images, text, and code simultaneously, operating 1.5 to 3 times faster than its predecessor.Samsung is trialling their new AI in three versions - Compact, Balanced, and Supreme - for diverse processing needs.Gauss 2 is already in use internally by 60% of the Device eXperience division for tasks like coding and translation.The new AI model aligns with Samsung's goal of ubiquitous AI, emphasizing personalization and seamless daily integration.The post Samsung's Gauss 2 Model Pioneers AI Integration appeared first on Techreport.
Charles Schwab to Offer Spot Trading, SEC Chair Gensler Calls for New Regulations
Rick Wurster at Charles Schwab shared plans to add crypto spot trading to the platform in the foreseeable future.Unclear regulations and the hostile approach of some lawmakers are the biggest obstacles to crypto adoption for financial institutions in the US.Hester Peirce and Dan Gallagher are the most likely candidates to replace Gensler as the SEC Chair. The post Charles Schwab to Offer Spot Trading, SEC Chair Gensler Calls for New Regulations appeared first on Techreport.
Apple Vulnerabilities Could Endanger Your Crypto – One Is Not Patchable
Apple reported a vulnerability that opens up users to data theft in the browser, including passwords and potentially crypto.The latest iOS updates should fix this vulnerability, so it's imperative for users to update their devices, Macs and mobile phones.JavaScriptCore and WebKit services are the root cause of the vulnerability, and Apple said they've already been exploited by hackers.Apple's M1, M2, and M3 Mac chips remain vulnerable to data theft, including crypto wallet sensitive data, as the vulnerability is on the hardware.The post Apple Vulnerabilities Could Endanger Your Crypto - One Is Not Patchable appeared first on Techreport.
Equinox Sends Data Theft Notification to 21K Patients and Staff
Equinox, a health service provider, has confirmed the leak of personal data of 21,000 users. Leaked data includes names, addresses, SSNs, and personal medical records. Lockbit, the gang that was neutralized in February, is responsible for this attack.The post Equinox Sends Data Theft Notification to 21K Patients and Staff appeared first on Techreport.
Chainlink Partners with Microsoft and Banco Inter for Brazilian CBDC Phase 2
Chainlink, Microsoft, and Banco Inter aim to enhance Drex's trade finance capabilities using blockchain interoperability.The initiative demonstrates the use of Chainlink's CCIP to connect Drex's blockchain with global financial systems.Tokenized assets like the eBoL will drive automation, improving supply chain transparency and transaction efficiency.The post Chainlink Partners with Microsoft and Banco Inter for Brazilian CBDC Phase 2 appeared first on Techreport.
Bitfinex Securities Launches New Public Offering for RWA Tokens
Bitfinex introduces US Treasury tokenized bonds under El Salvador's regulatory framework.Investors can trade $USTBL tokens, providing exposure to short-term US Treasury Bills, with a 5.02% annual yield.$USTBL operates on the Bitcoin Layer-2 blockchain, enabling instant settlement, approved wallet withdrawals, and over-the-counter trading.The post Bitfinex Securities Launches New Public Offering for RWA Tokens appeared first on Techreport.
$BTC Miners Increase Profitability in November 2024 Amid 29% Hashprice Surge
2024.$BTC's hashrate increased by a modest 2% in NovemberMining firms saw their market value rise by 33% this month.The post $BTC Miners Increase Profitability in November 2024 Amid 29% Hashprice Surge appeared first on Techreport.
Coinbase Crypto Scammer Confesses Exploiting CEOs & Making Five-Figures Weekly
On X yesterday, Nick Neuman (Casa CEO) admitted to being the victim of a scammer acting as a member from Coinbase support.In an unusual turn of events, he probed the fraudster to admit to stealing crypto worth five figures a week.Neuman tweeted his entire call with the imposter, who willingly detailed the entire scam process in-depth.The post Coinbase Crypto Scammer Confesses Exploiting CEOs & Making Five-Figures Weekly appeared first on Techreport.
Google Gemini Gets a Memory
Key Takeaways Google has rolled out a new memory feature for its Gemini AI chatbot. You can now ask Gemini to remember your choices and preferences and it will generate...The post Google Gemini Gets a Memory appeared first on Techreport.
PayPal Announces Partnership with Xoom to Expand PayPal USD in Cross-Border Payments
PayPal partners with Xoom to integrate PayPal USD ($PYUSD) for cross-border payments.Partnerships with Cebuana Lhuillier, Yellow Card, Anchorage Digital, and MoonPay expand $PYUSD's ecosystem.Since entering crypto in 2020, PayPal has continuously expanded its offerings, including $PYUSD adoption for merchants.The post PayPal Announces Partnership with Xoom to Expand PayPal USD in Cross-Border Payments appeared first on Techreport.
$BTC’s Golden Age: Institutional Adoption Grows, Geopolitical Race Intensifies
Major corporations and governments are increasingly investing in Bitcoin $BTC), potentially driving its price above $100K. Technical indicators also suggest price appreciation.$BTC could eventually replace gold as a store of value, reaching a $16T market cap.The new US administration is expected to revise current regulations and appoint pro-crypto officials. The post $BTC's Golden Age: Institutional Adoption Grows, Geopolitical Race Intensifies appeared first on Techreport.
Trump’s Victory Might Be Very Bullish for DeFi and GameFi, Says Sky Mavis Co-Founder
Sky Mavis co-founder Jeffrey Zirlin says Trump's presidential win will benefit DeFi and GameFi projects the most. That's largely because of a less tense regulatory environment and the inherent advantage of meme coins.Trump's victory already sent Bitcoin to just a few steps away from $100K, and meme coins (alongside alt coins) are following suit.Some GameFi projects like The Sandbox, are already receiving significant attention and might be part of the new wave of successful crypto game projects.The post Trump's Victory Might Be Very Bullish for DeFi and GameFi, Says Sky Mavis Co-Founder appeared first on Techreport.
Ripple (XRP) Price Trades Around the Upper Bolinger Band Amid Analysts’ Bullish Outlook
Over the past week, the crypto market has been bullish, with several tokens playing in the green. Ripple (XRP), being among these tokens, surged significantly above $1. XRP increased from...The post Ripple (XRP) Price Trades Around the Upper Bolinger Band Amid Analysts' Bullish Outlook appeared first on Techreport.
Onchain Data Provider Reveals Five Key Signs Suggesting Potential Price Crash for Bitcoin
Key takeaways CryptoQuant's Five Key Warning Signs - Could Bitcoin Be Ready for a Crash? An on-chain data provider, CryptoQuant, has highlighted five critical metrics that can help investors assess...The post Onchain Data Provider Reveals Five Key Signs Suggesting Potential Price Crash for Bitcoin appeared first on Techreport.
Market Analyst Predicts Ethereum to Reach $10k, Sparks Buzz in the Crypto Community
A prominent analyst predicts Ethereum (ETH) could hit $10,000, signaling a potential rally.Whale activity has surged, with Ethereum whales accumulating 430,000 ETH worth $1.4 billion since early November.Ethereum's Market Value to Realized Value (MVRV) Momentum suggests significant upside potential, signaling a strong rally ahead.The post Market Analyst Predicts Ethereum to Reach $10k, Sparks Buzz in the Crypto Community appeared first on Techreport.
Donald Trump To Appoint Pro-Crypto Attorney Teresa Goody Guillen For SEC Chair
The US President-elect Donald Trump is reportedly considering Teresa Goody Guillen for the position of the SEC chair.The crypto community accepts Guillen as she's pro-crypto and has SEC experience.The SEC's current boss, Gary Gensler, hints at potential resignation soon.The post Donald Trump To Appoint Pro-Crypto Attorney Teresa Goody Guillen For SEC Chair appeared first on Techreport.
Russia Bans Crypto Mining In Low-Energy Regions Ahead of Winter
Russian authorities plan to ban crypto mining in some low-energy regions to avoid power shortages during the winter season.The restriction will impact Siberia, North Caucasus, and occupied territories in Ukraine. Crypto mining in Russia takes almost 16 billion kilowatt-hours yearly, which represents 1.5% of the country's electricity consumption.The post Russia Bans Crypto Mining In Low-Energy Regions Ahead of Winter appeared first on Techreport.
South Korea Plans to Enforce Crypto Tax by 2025 Amid Prior Delays
South Korea plans to enforce a 20% cryptocurrency gains tax (22% with local taxes) starting January 1, 2025, after two prior delays.The tax-free threshold for crypto gains will increase from 2.5 million won ($1,795) to 50 million won ($35,919).To address the volatility and record-keeping challenges in crypto markets, taxpayers without accurate purchase records can estimate their gains using a percentage of the sale price.The post South Korea Plans to Enforce Crypto Tax by 2025 Amid Prior Delays appeared first on Techreport.
Coinbase Announces End of wBTC Trading, Promotes cbBTC As a Replacement
Coinbase will stop trading Wrapped Bitcoin (wBTC) on December 19, citing concerns over "listing standards."The move aligns with Coinbase launching its own wrapped Bitcoin token, cbBTC, on the Base blockchain.BitGo, the provider of wBTC, has faced scrutiny after partnering with BiT Global, a company linked to Justin Sun.The post Coinbase Announces End of wBTC Trading, Promotes cbBTC As a Replacement appeared first on Techreport.
Bitcoin ETF Options Redefine Crypto Markets with $2B Launch
BlackRock's Bitcoin ETF options launched with $2B in trading volume on day one, signaling strong institutional interest.Grayscale, a key competitor, announced its entry into the Bitcoin ETF options market following BlackRock's success.Bullish investor sentiment and increased liquidity are driving $BTC to new highs, with options trading reshaping market dynamics.Political and institutional support, including pro-crypto policies and corporate adoption, further boosts Bitcoin's appeal.The post Bitcoin ETF Options Redefine Crypto Markets with $2B Launch appeared first on Techreport.
Bitcoin Could Reach $1M This Cycle, Says Adam Back
Adam Back predicts that Bitcoin's price could increase 11 times, surpassing $1M per coin, if the US creates a national $BTC reserve; During his campaign, Trump promised to establish a strategic Bitcoin reserve, potentially setting off a global race for Bitcoin adoption; Countries like El Salvador and Bhutan already hold Bitcoin reserves, and leaders in Argentina and Poland have hinted at similar moves; Despite enthusiasm from Bitcoin advocates, uncertainties around legality and logistics leave markets skeptical about the US adopting Bitcoin as a reserve asset.The post Bitcoin Could Reach $1M This Cycle, Says Adam Back appeared first on Techreport.
VanEck Backs US Bitcoin Reserve; Senator Lummis Says It’ll Reduce $34T Debt
Leading digital asset manager VanEck has backed Donald Trump's proposal for a strategic Bitcoin reserve.US Senator Synthia Lummis believes the reserve has the potential to address the nation's $34T debt and boost the dollar value.The first step for its deployment might include hiring a pro-Bitcoin Treasury Secretary.The post VanEck Backs US Bitcoin Reserve; Senator Lummis Says It'll Reduce $34T Debt appeared first on Techreport.
Google Might Be Forced to Sell Chrome to Resolve Monopoly
The DoJ may recommend Google to separate its Android business from Google Search. This is being done to end Google's illegal monopoly in the search engine business. Google has called it a radical agenda' and plans to appeal against it.The post Google Might Be Forced to Sell Chrome to Resolve Monopoly appeared first on Techreport.
Tesla’s Stock Jump 5% After Trump Contemplates Creating Federal Framework for Self-Driving Vehicles
A report on Monday revealed that Trump and his transition team might be considering creating a federal-level framework to govern self-driving vehicles.Right now, autonomous car makers have to get state-by-state approval, making the process more complicated.Soon after the report was released, Tesla's stocks jumped up by 5%.The post Tesla's Stock Jump 5% After Trump Contemplates Creating Federal Framework for Self-Driving Vehicles appeared first on Techreport.
Chiliz Launches Self-Custody Wallet for Fan Token Holders and Over 2.3M Socios.com Users
Chiliz has introduced a self-custody wallet for over 2.3M Socios.com users.The new wallet offers access to a variety of decentralized applications (dApps), including fantasy sports games.Fan Tokens continue to gain popularity, as evident from high trading activity and market capitalization of over $1B.The post Chiliz Launches Self-Custody Wallet for Fan Token Holders and Over 2.3M Socios.com Users appeared first on Techreport.
MicroStrategy Share Outperforms Bitcoin YTD, Attracts More Wall Street Giants
Business intelligence company MicroStrategy's share (MSTR) has outperformed Bitcoin year-to-date, attracting more Wall Street giants as investors.The number of institutional investors with a minimum of $100 million holding MSTR rose to 738 from 667.MicroStrategy continues its bullish stance on Bitcoin as the company now holds 331,200 BTC, worth almost $29.7 billion.The post MicroStrategy Share Outperforms Bitcoin YTD, Attracts More Wall Street Giants appeared first on Techreport.
XRP ETP Issuer Hits $140 Million AUM Milestone With 21Shares’ AXRP Fund
21Shares' XRP ETP, known as AXRP, has crossed $140 million in assets under management (AUM).AXRP has increased by 113% in the last month and over 225% since its launch.XRP physically backs AXRP and offers investors exposure to the popular cryptocurrency.The post XRP ETP Issuer Hits $140 Million AUM Milestone With 21Shares' AXRP Fund appeared first on Techreport.
California District Judge Denies Kraken’s Request to Appeal Judgement in SEC Case
A US District judge rejected Kraken's bid to appeal a court order allowing an SEC lawsuit to proceed. Crypto exchange Kraken had sought permission to appeal the court's rejection of its motion to dismiss the SEC case.Judge William Orrick says an appeal would delay resolution, noting that the SEC's allegations against Kraken are convincing.The post California District Judge Denies Kraken's Request to Appeal Judgement in SEC Case appeared first on Techreport.
Gemini Crypto Exchange Receives VASP License to Operate in France
Gemini crypto exchange, founded by the Winklevoss twins, secures VASP license to operate in France.The exchange acknowledges France as formidable with proactive engagement and support for the digital asset sector.The expansion marks part of the company's vision of fostering its presence in Europe.The post Gemini Crypto Exchange Receives VASP License to Operate in France appeared first on Techreport.
World Economic Forum Member Calls Attention to Rumors of Potential XRP and Goldman Sachs Partnership
Shawn Oroogle, a World Economic Forum member, drew attention to rumors about a possible partnership between XRP, Hedera, and Goldman Sachs.Goldman Sachs is reportedly planning to spin off its digital asset platform into an independent entity.Ripple and Hedera have existing partnerships through initiatives like the DeRec Alliance and the MiCA Crypto Alliance.The post World Economic Forum Member Calls Attention to Rumors of Potential XRP and Goldman Sachs Partnership appeared first on Techreport.
Bitcoin Price Prediction: Is BTC Hitting $100,000 Next Amid Bullish Momentum?
The world's largest cryptocurrency, Bitcoin (BTC), has seen massive price growth these past weeks. Bitcoin reached an all-time high of $93,434 on November 13, which also rubbed off on other...The post Bitcoin Price Prediction: Is BTC Hitting $100,000 Next Amid Bullish Momentum? appeared first on Techreport.
Brazilian’s Central Bank Will Ban Monero and Algorithmic Stablecoins in the Country
The Central Bank of Brazil has proposed regulations prohibiting privacy-centric cryptocurrencies like Monero; The regulations categorize exchanges into intermediaries, custodians, and brokers, each with specific capital requirements and compliance standards; While the proposed rules apply to cryptocurrencies, certain digital assets like non-fungible tokens (NFTs) are still deregulated' in Brazil.The post Brazilian's Central Bank Will Ban Monero and Algorithmic Stablecoins in the Country appeared first on Techreport.
The Smurfs Invade The Sandbox Metaverse with a New Gaming Experience
Beloved 90s animated characters The Smurfs have joined The Sandbox with The Smurfs: Mountain Expedition.Players help the Smurfs retrieve stolen eggs and can purchase exclusive Smurfs NFTs.The release coincides with Alpha Season 4, featuring various partnerships with renowned brands.The post The Smurfs Invade The Sandbox Metaverse with a New Gaming Experience appeared first on Techreport.
Bitcoin to $100K While Altcoin Season Looms?
Bitcoin's meteoric rise past $90K fuels optimism for hitting $100K, but analysts caution against a potential blow-off top.'Institutional adoption and ETF inflows continue to bolster Bitcoin's long-term growth outlook, despite short-term risks.Key altcoins, like $XRP and $DOGE, are seeing significant gains, hinting at an early altcoin season alongside Bitcoin's dominance.Bitcoin's 60% dominance and rising trading volumes could suggest simultaneous success for both $BTC and memecoins like $PEPU.The post Bitcoin to $100K While Altcoin Season Looms? appeared first on Techreport.
Bitwise Analyst: $BTC to Hit $100K by Year-End and $200K by 2025
Bitcoin ($BTC) price stabilized between $90K and $93K following Donald Trump's victory.Beyond the US, multiple countries are rumored to be quietly acquiring $BTC.High demand from US spot $BTC ETFs and growing corporate adoption of $BTC as a treasury asset.A strong altcoin rally, with 60% outperforming $BTC, indicates heightened market risk tolerance.The post Bitwise Analyst: $BTC to Hit $100K by Year-End and $200K by 2025 appeared first on Techreport.
Crypto Tax Showdown: Russia’s 15% Proposal vs Romania’s Tax Halt
Russia proposes a 15% crypto tax to regulate the market and curb fraud; Romania suspends its 10% crypto tax until mid-2025, encouraging compliance and hoping to inject fresh money into the economy; Diverging strategies reflect the global struggle to regulate crypto effectively.The post Crypto Tax Showdown: Russia's 15% Proposal vs Romania's Tax Halt appeared first on Techreport.
Solana to Reach $500 Before 2025 KickStarts – Here’s How
Solana-based decentralized exchanges (DEXs) are witnessing high trading volumes fueled by meme coins.Owing to this, $SOL is projected to hit $500 by this year's end. Other benefits include being faster and more efficient than Ethereum.Still, the value of Ethereum-based meme coins are spiking among Solana's success.The post Solana to Reach $500 Before 2025 KickStarts - Here's How appeared first on Techreport.
$PEPU FOMO Intensifies as Presale Raises $37M, 24 Days to CEX Listing
Pepe Unchained ($PEPU) raised over $37M on presale, including $4M in a matter of the last few days.The project team confirmed $PEPU's first listing on a tier-1 centralized exchange (CEX) will happen in 24 days.The Pepe Pump Pad will allow anyone to launch their own meme coin without extensive technical knowledge.The post $PEPU FOMO Intensifies as Presale Raises $37M, 24 Days to CEX Listing appeared first on Techreport.
Flockerz Meme Coin Raised $2.2M & Could Skyrocket 20x – Big Opportunity if You Missed the Bitcoin ATH
Flockerz ($FLOCK) broke through the $2.2M presale tier and might skyrocket 20x, which could be one of the biggest opportunities in this meme season.$FLOCK is the first project to implement a Vote-to-Earn (V2E), which empowers the community with ecosystem voting rights.The project prioritizes transparency, security, and user rewards to maximize engagement and reach higher prices.The post Flockerz Meme Coin Raised $2.2M & Could Skyrocket 20x - Big Opportunity if You Missed the Bitcoin ATH appeared first on Techreport.
Elon Musk’s Xai Raises $6 Billion Funding to Purchase 100,000 Nvidia Chips
As per inside sources, Elon Musk's AI company xAI has managed to secure $6 billion in funding. The bigger chunk of the funding, $5 billion, comes from Middle Eastern sovereign funds whereas the rest of the $1 billion came from other investors.This money will be used to purchase 100,000 Nvidia chips that will power the upcoming line of Tesla's Full self-driving cars.The post Elon Musk's Xai Raises $6 Billion Funding to Purchase 100,000 Nvidia Chips appeared first on Techreport.
Amazon Is Being Questioned by the House Select Committee over Its Recent Deal with TikTok
The House Select Committee has raised concerns over Amazon's latest e-commerce deal with TikTok.The Committee had called for a meeting with Amazon representatives where they were advised against the partnership. TikTok is being deemed a threat to national security and is on the verge of being banned in the US. So naturally, this partnership is not being received well by authorities.The post Amazon Is Being Questioned by the House Select Committee over Its Recent Deal with TikTok appeared first on Techreport.
BlackRock BagsAbu Dhabi’s Operational License For AI And Private Markets
Leading investment management firm BlackRock has secured a license to operate in Abu Dhabi, the capital of the United Arab Emirates (UAE).This license serves as an expansion move for BlackRock's AI and private markets in the crypto-friendly region.Abu Dhabi continues to broaden its stance as an attractive center for growing innovation and digital assets.The post BlackRock BagsAbu Dhabi's Operational License For AI And Private Markets appeared first on Techreport.
Crypto VCs Reveal Next Moves After Trump’s Win and Bitcoin BTC’sRecordSurge
Crypto venture capitalists (VCs) are adjusting their strategies while maintaining long-term plans.The rise of DeFi, crypto-AI, and tokenization is drawing significant attention.Investors expect regulatory clarity under the Trump administration to accelerate crypto development.The post Crypto VCs Reveal Next Moves After Trump's Win and Bitcoin BTC'sRecordSurge appeared first on Techreport.
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