Anthony Scaramucci, the founder of SkyBridge Capital, has made a bold prediction regarding the economic future of the United States and the cryptocurrency market. Speaking at the Reuters Global Markets Forum, he expressed confidence that the U.S. will navigate its current debt crisis through controlled inflation, contrasting sharply with widespread fears regarding increasing national debt […]
ACCC Takes Legal Action Against Optus for 'Unconscionable' Sales Practices
Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC), has initiated legal proceedings against Optus, a subsidiary of Singapore Telecommunications, citing “unconscionable” conduct in the sale of mobile phones and plans to vulnerable consumers. The litigation highlights a significant concern regarding ethical practices within the telecommunications industry and underscores the ongoing battle for customer […]
Meta Reports Strong Earnings Amid Rising AI Costs
Meta Platforms, the parent company of Facebook, Instagram, WhatsApp, and Oculus, has recently released its third-quarter earnings report, showcasing a remarkable performance that has exceeded analysts’ expectations. The company reported a profit of $6.03 per share, significantly higher than the anticipated $5.25. Additionally, Meta’s revenue hit an impressive $40.59 billion, narrowly beating the forecasts set […]
Musk's Platform Faces Scrutiny Over Inadequate Fact-Checking
Elon Musk’s social media platform, X, is encountering significant backlash from critics concerning its fact-checking capabilities, particularly in light of the upcoming U.S. presidential election. The Center for Countering Digital Hate (CCDH) recently released a report highlighting deficiencies in the platform’s Community Notes feature, which is designed to allow users to flag and correct misleading […]
Florida Considers Bitcoin for State Retirement Investments
In a groundbreaking proposal, Florida’s Chief Financial Officer, Jimmy Patronis, has set the stage for what could be a monumental shift in how state funds are managed. His suggestion to allocate a portion of Florida’s $205 billion Retirement System Trust Fund into Bitcoin not only positions the state at the forefront of cryptocurrency adoption but […]
AI Startup Coframe Secures $9.3M to Boost Site Performance
Coframe, an innovative player in the website optimization landscape, has made headlines by securing $9.3 million in a recent seed funding round. This substantial investment, co-led by esteemed venture capital firms Khosla Ventures and NFDG, showcases the growing confidence in artificial intelligence-driven solutions for marketing and web performance enhancement. Founded with the mission to utilize […]
Chinese Military Innovates with Meta's Llama AI Model
China’s People’s Liberation Army (PLA) has adapted Meta’s cutting-edge open-source AI model, Llama, to develop a specialized military tool called ChatBIT. This innovation primarily comes from researchers affiliated with the Academy of Military Science and other PLA-linked institutions. ChatBIT is fine-tuned for military applications, focusing on critical tasks such as decision-making and intelligence processing. Reports […]
MyTrade Founder Pleads Guilty to Fraud in Boston Court
The cryptocurrency landscape has recently been rocked by revelations from a high-profile court case in Boston, where Liu Zhou, the founder of the digital trading firm MyTrade, admitted to engaging in fraudulent activities. This plea comes on the heels of a sprawling FBI investigation, known as “Operation Token Mirrors”, which has brought to light significant […]
Electronic Travel Authorisation and eVisas: A New Era in UK Travel
For many eager travelers worldwide, planning a trip to the UK is about to change significantly. Effective from November 27, 2024, non-British and non-Irish citizens will be required to secure permission to travel in advance, either through an Electronic Travel Authorisation (ETA) or an eVisa. This new measure not only modernizes the immigration process but […]
Strengthening the Internet Backbone: US Senate Takes Action on Undersea Cable Security
As the stakes of national security rise, the U.S. Federal Communications Commission (FCC) is preparing for a landmark update of its governance over global undersea communications cables. This forthcoming revision is notable; it marks the first major update since 2001. Undersea cables are critical components of the global internet infrastructure, responsible for transmitting over 95% […]
