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xAI Trade Theft Suit Against OpenAI Dismissed
A California federal judge dismissed a lawsuit filed by Elon Musk’s xAI that accused archrival OpenAI of stealing trade secrets by poaching employees. A judge in Northern California federal court sa...

Stripe Reportedly Expressed Interest in Acquiring PayPal
Payments fintech Stripe is considering a whole or partial acquisition of struggling rival PayPal, according to Bloomberg. A Stripe spokesperson declined to comment on any expressions of interest the c...

If Bitcoin loses this level, the chart’s winter path to $49,000 opens up fast
Bitcoin spent the last two days sliding down a familiar set of shelves, and the order book kept printing lower bids as liquidity thinned. By this morning, it sat at $63,214, a level that places the pr...

Let me see some ID: age verification is spreading across the internet
Age verification is a reality on a growing number of social media platforms, requiring an ID or facial scan for f...

Senator Blumenthal Opens Inquiry Into Iran Transactions on Binance
Senator Richard Blumenthal of Connecticut sent a letter to Binance asking about the flow of $1.7 billion from accounts on the crypto exchange to Iranian entities....

James Cameron Complains About Netflix/Warner Bros Merger, Doesn’t Acknowledge A Paramount Deal Would Be Much Worse
We’ve explained in detail how Larry Ellison is trying to scuttle Netflix’s planned merger with Warner Brothers because he wants to buy CNN and HBO, and, as he’s doing with CBS (and now TikTok) t...

Federal Reserve Powers Internal Operations With New General-Purpose AI
The Federal Reserve is building artificial intelligence into its daily work to achieve operational efficiencies in payments, financial management, human resources and the financial services it provide...

Stripe Considering Purchase of PayPal: Report
Shares of PayPal (NASDAQ: PYPL) jumped in late-day trading after a report that Stripe, a private firm, was considering buying all or part of the payments firm. According to a Bloomberg report, individ...

Jane Street: Why a Wall Street Giant Keeps Appearing in Crypto’s Biggest Collapses
Jane Street has returned to the spotlight after Terraform Labs’ bankruptcy estate accused the trading firm of insider trading tied to the May 2022 collapse of TerraUSD (UST) and LUNA. The lawsui...

Credit Card Stocks Fall After Citrini AI Report
Shares dropped after Citrini Research published a thought experiment, but the Kobeissi Letter argues the outlook may be too pessimistic....

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