In a bold policy reversal that has sent ripples through the digital asset community, former President Donald Trump’s administration has officially set up a U.S. crypto stockpile. The move—encompassing a Strategic Bitcoin Reserve backed solely by cryptocurrencies already seized in criminal or civil proceedings, along with a separate digital asset stockpile for select altcoins—signals a… Continue reading Trump Establishes U.S. Crypto Stockpile Amid Debate Over Government Control
In a landmark announcement at the White House, Taiwan Semiconductor Manufacturing Company (TSMC) pledged an additional $100 billion to build advanced chip fabs on American soil—boosting its total U.S. investment to an estimated $165 billion. This unprecedented move is designed to strengthen the U.S. semiconductor supply chain amid rising geopolitical tensions and tariff threats, with… Continue reading TSMC’s $100 Billion U.S. Investment: A Game Changer for AI, Tech, and American Manufacturing
Elon Musk has seen his net worth plummet by more than $100 billion since December, as Tesla’s stock value takes a significant hit, causing the electric vehicle (EV) giant to lose its trillion-dollar status. The sell-off has left investors questioning the company’s future amidst a combination of internal challenges and broader economic pressures. Demand Concerns… Continue reading Tesla’s Market Value Drops, Musk Loses Over $100B Amid Stock Sell-Off
In 2024, a new breed of crypto scam—dubbed “Pig Butchering”—has emerged as one of the most destructive fraud schemes in the digital asset world. According to recent reports, these scams have swindled investors out of a staggering $5.5 billion through a calculated blend of romance fraud and bogus investment schemes. What Is a Pig Butchering… Continue reading Pig Butchering Scams: How They Steal Billions and What Investors Can Do
Bumble Inc. has experienced a significant 26% drop in its stock value following the release of its latest quarterly report, which revealed a loss of approximately 57,000 paying users and a weaker-than-anticipated first-quarter forecast. This downturn reflects broader challenges within the online dating industry, as platforms grapple with user fatigue and shifting preferences. Several factors… Continue reading Bumble Tumbles 26% After Poor Quarterly Report
Robinhood’s recent surge past its IPO price is primarily attributed to its exceptional fourth-quarter performance in 2024, driven by a significant increase in trading activity, especially in cryptocurrencies. The company reported earnings per share of $1.01, doubling analyst expectations, and revenue exceeding $1 billion for the first time. Transaction-based revenues rose by 236% year-over-year to… Continue reading Robinhood Surges Past IPO Price: Crypto Boom and Retail Trading Revival Fuel Growth
On Monday, February 10, 2025, Nvidia’s stock experienced a notable rally, rising nearly 3% to close at $134.45. This surge occurred despite recent reports that OpenAI, the creator of ChatGPT, is advancing plans to develop its own AI chips, potentially reducing its reliance on Nvidia’s processors. OpenAI aims to finalize the design soon, with mass… Continue reading Nvidia stock rallies and Optimism ahead of new Tariffs
In a surprising move that has sent ripples through the electric vehicle (EV) sector, the Transportation Department announced today that it has frozen $5 billion in funds allocated for the EV charger program. The decision is raising concerns over potential delays in the rollout of much-needed public charging infrastructure, a key component in bolstering EV… Continue reading Transportation Department Freezes $5 Billion for EV Charger Program, Sparking Industry Uncertainty
Honey, a popular browser extension that automates finding and applying coupon codes, has been accused of deceptive practices that may harm both consumers and content creators. A recent YouTube video by MegaLag alleges that Honey prioritizes discount codes from its business partners, potentially suppressing better deals available elsewhere. This means users might not be getting… Continue reading Honey Scam Exposed?
The New York Times has filed a high-profile copyright infringement lawsuit against OpenAI and Microsoft, alleging that the companies used its articles to train generative AI tools, including ChatGPT, without proper authorization. The lawsuit, filed in federal court in Manhattan, argues that the unauthorized use of the Times’ content breaches copyright laws and seeks compensation… Continue reading New York Times Sues OpenAI and Microsoft Over AI Copyright Breaches