Electric vehicle (EV) adoption has increased in recent years, thanks in part to the popularity of Elon Musk’s Tesla Motors. By 2030, the global number of electric vehicles on the road is projected to reach 125 million as governments around the […]
In 2021, the average age of vehicles in operation in the US was 12.1 years old, according to data from the US Department of Transportation. More Americans are keeping their automobiles longer as millions struggle to make ends meet due to the […]
In October, the US Department of Justice (DOJ) charged Ukrainian national Mark Sokolovsky with identity theft and “conspiracy to violate the Computer Fraud and Abuse Act, money laundering, wire fraud, and aggravated identity theft.” Just a month later, the DOJ has […]
Just when you think the story of the FTX scandal couldn’t get any worse, unfortunately, it gets even worse. As we reported earlier, the failed crypto exchange FTX used customer money to buy homes for some of its high-ranking employees. Now, […]
The crypto market has been in a downward spiral since the beginning of the year. Almost all of the cryptocurrencies are trading at their lowest price in years, and people are starting to get nervous about this new market. However, […]
As you may recall, we reported last week that the crypto lender Genesis might be the next domino to fall following the implosion of the crypto exchange FTX. On November 16, Genesis suspended withdrawals for its institutional customers. Now, Genesis is warning […]
Before Elon Musk’s ascension, billionaire Jeff Bezos was once the world’s richest person. The company he founded about three decades ago, Amazon, became the first company ever to lose $1 trillion in market value. As such, Bezos a thing or two about the […]
Is Grayscale a ticking timebomb? That’s the question investors in the world’s largest bitcoin fund may have to ask themselves after the firm announced today that it won’t share its proof of reserves with its customers, citing security concerns. In […]
So it begins! Last Tuesday, New York Federal Reserve and global banking giants Citigroup, Wells Fargo, and Mastercard started a Digital Dollar pilot project. It was part of the U.S. government’s efforts to launch the U.S. central bank digital currency (CBDC) and maintain the […]
Even as tech startups continue to disrupt the insurance industry with AI and machine learning, the Southeast Asian region still operates a traditional insurance industry plagued with legacy systems, slow-to-change insurers, and a lack of insurance technology providers. That was […]
Tech layoffs are spreading across the globe and no company looks completely immune from the ongoing global economic downturn. Tech companies, large and small, have laid off more than 100, 000 people so far this year. Last week, retail giant […]
Anyone who has heard of Warren Buffett would tell you that he’s one of the crypto skeptics who believe cryptocurrency is a Ponzi scheme with no intrinsic value. In 2018, Buffet called bitcoin “rat poison squared.” In April, the legendary billionaire investor said in an interview that […]
Most backdoor threats take the form of trojan malware. Cybercriminals use smaller infected files to bypass the scanners and install themselves on the device. Once the compact documents are in the system, cybercriminals use them to retrieve a larger file […]
Vox Populi, Vox Dei! Elon Musk has reinstated former President Trump’s account after 52 percent of 15 million Twitter users voted to bring him back to the social platform. Musk launched the poll yesterday. By the time the poll was closed, […]
Justice is finally served. Theranos founder Elizabeth Holmes was sentenced to more than 11 years in prison for fraud, putting an end to the three-year case and the extraordinary downfall of a one-time Silicon Valley darling. U.S. District Judge Edward Davila delivered […]
Electric vehicles (EVs) are not new in the United States, EVs made their way back to the mainstream in the early 2000s with the popularity of Tesla. Even after two decades, the EV car market is still dominated by conventional lithium-ion […]
Mohit Gupta, the co-founder of an Indian food delivery startup Zomato has resigned after about five years at the restaurant aggregator and food ordering and delivery platform, the company said on Friday. The announcement comes three months after Nitin Savara stepped down […]
On 12 November, the Bahamas Securities Commission (SCB) issued an order for FTX Digital Markets (FDM) to transfer the contents of its crypto wallets to a government-controlled wallet. A little over a week later, the Bahamas regulator announced it now has […]
Let’s face it, the US mainstream media hate Elon Musk. They’ve been going after him since he became the CEO of Tesla in 2008. Elon Musk even lashed out at the media’s ‘relentless hatestream’ of bad reporting back in February. “The holier-than-thou […]
Just a few days after firing dozens of employees who criticized him in tweets and internal messages, Elon Musk gave Twitter employees a deadline to say if they are committed to his cultural reset to build a breakthrough Twitter 2.0. In an […]
