Author: jet

TLDR Applied Materials will pay $252 million to settle allegations of illegally exporting chip-making equipment to China’s SMIC from 2020 to 2023. The firm carried out 56 unlawful shipments valued at $126 million by channeling ion implanters through its South

TLDR Digital Currency Group CEO Barry Silbert anticipates that 5-10% of Bitcoin’s capital will transition to privacy-focused cryptocurrencies like Zcash within the next few years. Silbert suggests that privacy coins have the potential for 500-1,000x returns, whereas Bitcoin’s upside is

TLDR BlackRock is listing its $2.1 billion BUIDL tokenized Treasury fund on the Uniswap decentralized exchange. As part of the agreement, the asset manager acquired an unspecified quantity of Uniswap’s UNI governance token. Initially, trading will be restricted to authorized

TLDR Paxful has agreed to a $4 million fine after admitting to charges including facilitating illegal prostitution, transmitting criminal funds, and violating anti-money laundering laws. The cryptocurrency exchange processed approximately $3 billion in transactions between 2017 and 2019, knowingly serving

TLDRs; Baidu has launched BaiduWiki and a global search function, aiming to expand its AI services internationally, though content verification remains a concern. Concerns about BaiduWiki’s credibility stem from Baidu Baike’s past issues with censorship, pseudoscience, and incomplete entries. Baidu

TLDR Nicholas Peach of BlackRock stated that a 1% crypto allocation in Asian portfolios could result in approximately $2 trillion in inflows. During Consensus Hong Kong, Peach estimated Asia’s household assets at roughly $108 trillion. BlackRock’s spot Bitcoin ETF IBIT

TLDR Motorola reports record revenue and earnings as its shares tick upward Growth in software and services fuels margin and cash flow improvements Yearly backlog rises to $15.7 billion, enhancing long-term visibility Robust cash flow supports share buybacks, dividends, and

TLDR Shopify experiences a 6.7% drop, with an earnings shortfall overshadowing a revenue beat and AI growth Robust holiday sales and AI momentum are unable to halt the decline of Shopify stock Shopify’s revenue exceeds expectations, yet a profit shortfall

TLDR After a U.S. federal court sentencing this week, Paxful has to pay a $4M criminal penalty. The DOJ reduced the penalty from $112M after assessing Paxful’s limited capacity to pay the fine. The case alleges failures in AML and

TLDR Coinbase shares fell 6% following the introduction of AI wallets designed for self-governing transactions. The new Agentic Wallets represent a deeper move by Coinbase into the realm of automated finance. The launch of AI-powered wallets coincides with a stock

TLDR Malaysia is trialing ringgit stablecoins to upgrade wholesale payments BNM is testing tokenized deposits to explore quicker cross-border settlement Trials in the Digital Asset Hub are influencing Malaysia’s future payment infrastructure Banks are participating in BNM’s experiments on blockchain-based

TLDR Vertiv announced Q4 earnings per share (EPS) of $1.36, exceeding the $1.29 estimate. Revenue hit $2.88 billion, surpassing consensus forecasts. Shares jumped 21.47% to $241.48 following the earnings report. The company has beaten EPS estimates for four consecutive quarters.

TLDR European regulators are evaluating Ethereum as a potential infrastructure for a stablecoin pegged to the euro. Its scalability, security, and decentralized applications position it as a robust contender for hosting national digital assets. Layer 2 scaling solutions on Ethereum

TLDR Danske Bank makes regulated Bitcoin and Ethereum ETP trading available to investors. Danske Bank includes Bitcoin and Ethereum ETPs under EU oversight regulations. Bitcoin and Ethereum ETPs are available on Danske Bank’s trading platform. Danske Bank broadens crypto access