The FinTech Hub
Source: The Verge There are so many people here that nobody can tell where the end of the line is. New people arrive, ask if there’s a line, shuffle into a blob of bodies idling and waiting for someone to give them instructions. The hallway is horribly warm — unclear if it’s from the bodies…
Source: The Verge The European Union’s Digital Markets Act (DMA) has come into force, and it’s meant that some of the world’s biggest tech companies are having to make major changes to how they operate. The law, which is designed to increase competition in the EU’s digital markets, designates some large online companies and their…
Source: The Verge Neither his post nor the one from Coinbase mentioned the funding contributed to political campaigns in the last election cycle, where CNBC noted Coinbase was one of the top corporate donors. It gave over $75 million to Fairshake and other pro-crypto PACs and made a reported seven-figure donation to Trump’s inaugural committee,…
Source: The Verge A US federal judge declined to block Elon Musk and his Department of Government Efficiency (DOGE) from accessing or transferring data from seven government agencies, or stop further firings of their workforce. DC District Court Judge Tanya Chutkan denied a temporary restraining order (TRO) sought by a group of 14 Democratic state…
Source: The Verge Elon Musk’s X has agreed to pay President Donald Trump “about $10 million” to settle his lawsuit against Twitter, reports The Wall Street Journal. The settlement would come on top of an estimated $250 million that Musk, who now seemingly has broad authority over government agencies as the head of DOGE, put…
Source: The Verge I have heard it said that fame is the most addictive of all drugs. I have been skeptical about this, but Elizabeth Holmes’ ongoing PR saga makes me wonder if it is, in fact, true. Holmes has appeared in People magazine to tell us that prison is “hell and torture,” in the…
Source: The Verge Elizabeth Holmes, the founder and CEO of disgraced blood-testing company Theranos, has been found guilty on three counts of wire fraud, as well as a count of conspiracy to commit fraud along with her co-founder Sunny Balwani. On November 18th, 2022, she was sentenced to 135 months, or about 11 and a…
Source: The Verge Federal Communications Chair Brendan Carr has asked his agency to investigate Comcast’s Diversity, Equity, and Inclusion (DEI) practices, reports Newsmax. “We have received an inquiry from the Federal Communications Commission and will be cooperating with the FCC to answer their questions,” Comcast spokesperson Joelle Terry confirms to The Verge. According to Newsmax,…
Source: The Verge On Tuesday, US District Court of Delaware judge Stephanos Bibas issued a partial summary judgment in favor of Thomson Reuters in its copyright infringement lawsuit against Ross Intelligence, a legal AI startup. Filed in 2020, it’s one of the first cases that will deal with the legality of AI tools and how…
Source: The Verge Elon Musk’s role in carrying out President Donald Trump’s dirty work has triggered a wave of opposition that is spilling over into protests against his flagship company, Tesla. Over the last week, some people have held demonstrations while others have vandalized Tesla vehicles owned by individual buyers and showrooms — with actions…
