In a shocking revelation, the U.S. Department of Justice has uncovered a sophisticated operation involving an Armenian organized crime ring that pilfered an astonishing $83 million from Amazon through a meticulously orchestrated scheme. This criminal enterprise masked its true intentions by infiltrating the logistics networks of one of the world’s largest e-commerce platforms, posing as
Enterprise
In a groundbreaking announcement, Elon Musk, the visionary leader of Tesla, has laid out plans to introduce robotaxis on the roads of Austin, Texas, by the end of June. During a recent interview at Tesla’s headquarters in Austin with CNBC’s David Faber, Musk hinted at a bold vision not just for Austin, but for cities
The protracted legal battle between Apple and Epic Games highlights a significant clash of ideologies in the tech industry. It is not merely about a game—Fortnite—but rather a struggle for control over digital marketplaces and user access. Judge Yvonne Gonzalez Rogers recently determined that Apple must resolve its issues with Epic Games independently or prepare
As the countdown begins to a unique dinner event with former President Donald Trump, the intersection of cryptocurrency and political influence comes into sharp focus. This dinner, slated for May 22 at Trump’s Virginia golf club, invites the top holders of the $TRUMP meme token, a digital asset that is stirring conversations about the ethics
In a bold and controversial move, Tesla—a company synonymous with innovation and disruption in the automotive industry—has recently amended its corporate bylaws to raise the bar for shareholder lawsuits. As per the regulatory filing, Tesla now mandates an ownership threshold of 3% of its common stock for any shareholder or group of shareholders wishing to
Mike Novogratz’s experience in attempting to bring Galaxy Digital to the U.S. public markets serves as a microcosm for the broader struggles faced by cryptocurrency companies. Spending almost four years and over $25 million, Novogratz describes the experience as “un-American, unfair, infuriating,” encapsulating the sheer frustration felt by many in the cryptocurrency sector. Regulatory hurdles
In a significant development for the cybersecurity landscape, Proofpoint, a prominent player in the realm of digital security, has announced the acquisition of Hornetsecurity, a German company famed for its managed cloud-based email security services. This deal, valued at a staggering $1 billion, not only positions Proofpoint for the future but underscores a growing trend
The stock market witnessed a noteworthy event when eToro, a leading brokerage platform, made its impressive debut on the Nasdaq on a recent Wednesday. Raising an astonishing $310 million in its Initial Public Offering (IPO), eToro’s stock opened at $69.69 — a striking 34% increase from its IPO price of $52, which had already surpassed
Coinbase, a name that has become synonymous with cryptocurrency investment and trading, recently made headlines as its shares experienced a remarkable surge of over 20%. This meteoric rise marks one of the most significant rallies for the exchange since the aftermath of a pivotal election cycle. The cause? Coinbase’s impending addition to the S&P 500—a
In a significant turn of events, global technology and chip stocks experienced a noteworthy surge on Monday, buoyed by the announcement that the U.S. and China would temporarily halt most tariffs on each other’s goods. This development stands as a beacon of hope for an industry that had been floundering under the relentless pressures of