Tencent Sets Sights on AI Dominance Amid Gaming Revenue Slump
Tencent, China's most valuable tech company, is shifting focus to AI as gaming revenue declines after long dominating China's gaming...
PayPal Slashes 9% of Workforce Amidst Rising Market Challenges
PayPal is cutting around 2,500 jobs, or about 9% of its workforce, under new CEO Alex Chriss as the company...
Activision Blizzard Laid Off 83% of its Esports Division: Here is Why
Activision Blizzard gutted its esports division, laying off 60 of 72 employees just 2 days after a successful Call of...
Magic Internet Money Stablecoin Depegs Amidst $6.5M Hack
Popular DeFi protocol Abracadabra was exploited this week in an attack that caused its stablecoin, Magic Internet Money (MIM), to...
Bitcoin Hasn’t Done This Since Early 2021; Pump Immanent?
Bitcoin has experienced notable price swings in January, driven by new spot ETFs and monetary policy outlook. The leading cryptocurrency...
Jack Dorsey’s Block Inc Initiates 10% Layoff Amid Business Reshaping
Block Inc., led by Jack Dorsey, has started laying off employees as part of a previously announced restructuring plan to...
Record-Breaking Bitcoin Bust by German Prosecutors and FBI
German authorities seized nearly 50,000 Bitcoin worth $2.1 billion in a massive operation targeting an illegal file-sharing platform, the largest...
AI is a Game Changer for Crypto and Here is Why
AI could play various roles in crypto like trading bots, providing liquidity to prediction markets, and serving as an interface...
BlackRock and Fidelity Acquire $4.6 Billion in Bitcoin in Just 13 Days
Bitcoin ETF shares are rebounding after an initial post-launch decline, with Grayscale leading in assets under management despite large outflows....
Renewed Investor Confidence Fuels Bitcoin ETFs’ Five-Day Rally
Nine new spot bitcoin ETFs have amassed over 150,000 BTC ($6.5 billion) in assets under management, showing a shift away...