In an alarming turn of events, Bybit, one of the leading cryptocurrency exchanges, was rocked by a staggering $1.5 billion hack—marking it as the largest breach in the cryptocurrency industry’s short but tumultuous history. The incident illuminated significant vulnerabilities within digital asset exchanges, particularly during routine internal processes. Bybit’s management reacted with remarkable speed, mobilizing
Enterprise
The financial technology landscape is rapidly evolving, with established players adapting to the needs of a digital-first generation. Block, which started as Square, emerged with the goal of providing small businesses accessible and straightforward payment solutions via smartphones. Similarly, Affirm began as an alternative lending platform aimed at facilitating affordable credit options for consumers, a
In a significant turn of events, Anne Wojcicki, the CEO of 23andMe, together with investment firm New Mountain Capital, has put forth a proposal to take the genetic testing company private. This plan was disclosed in a recent filing with the U.S. Securities and Exchange Commission (SEC), emphasizing a cash offer of $2.53 per share
Recently, Tesla announced the voluntary recall of over 376,000 vehicles in the United States, a significant action taken to address issues related to power-assisted steering systems. This recall predominantly affects the Model 3 and Model Y vehicles produced between February 28, 2023, and October 11, 2023, which utilized outdated software versions. The decision was found
In a groundbreaking shift, Amazon is poised to gain creative control over the iconic James Bond movie franchise, a significant change in direction announced by the company this Thursday. The franchise, beloved by audiences for over six decades, has traditionally been managed by a family with deep roots in its history—namely, Michael Wilson and Barbara
Intel, a cornerstone of the American semiconductor industry, recently saw its stock price increase by 11%, largely influenced by reports from the Wall Street Journal that major players Broadcom and Taiwan Semiconductor Manufacturing Company (TSMC) are considering bids for parts of the chipmaker. This surge in stock price is notable, marking one of the most
In an era marked by heightened scrutiny of corporate governance and executive compensation, a recently proposed piece of legislation in Delaware could shift the landscape significantly. This legislation is backed by Richards, Layton & Finger, the law firm that represents Tesla and its CEO, Elon Musk. The proposed amendments to Delaware’s corporate law have stirred
After a tumultuous few years marked by U.S. sanctions that severely affected its global standing, Huawei is making a strategic attempt to reclaim its position in the international smartphone market with the launch of the Mate XT—a remarkable trifold smartphone. Introduced outside of China on Tuesday, the Mate XT features a hefty starting price of
As advancements in artificial intelligence transform the geopolitical landscape, new players in the field are rapidly altering perceptions of economic and technological supremacy. The latest breakthrough comes from DeepSeek, a Chinese AI lab whose recent performance has ignited national debates around competitiveness between the United States and China. This article delves into the implications of
In a decisive election held recently at the Amazon warehouse near Raleigh, North Carolina, workers overwhelmingly voted against forming a union, with results showing that 2,447 ballots favored maintaining a non-union environment while only 829 supported the unionization initiative. This vote, part of a larger national dialogue about labor rights and the growing interest in