NEW YORK, Dec 28 (Reuters) – A federal judge decided on Thursday that cryptocurrency entrepreneur Do Kwon and his company Terraform Labs violated U.S. law by failing to register two digital currencies that collapsed in 2022. U.S. District Judge Jed Rakoff in Manhattan sided with the Securities and Exchange Commission in its case coming from … Read more
BEIJING: US chipmaker Nvidia on Thursday (Dec 28) launched a modified version of an advanced gaming chip meant to comply with US export controls targeting China. The chip, which the company says offers a “quantum leap in performance, efficiency and artificial intelligence-driven graphics”, will be offered to Chinese customers starting in January, an Nvidia spokesperson … Read more
NEW YORK, Dec 28 (Reuters) – A U.S. bankruptcy judge has approved cryptocurrency lender Celsius Network’s pivot to bitcoin mining, finding that the company could deviate from a previously approved bankruptcy plan because creditors and customers were no worse off under the new restructuring. U.S. Bankruptcy Judge Martin Glenn in Manhattan on Wednesday said the … Read more
BEIJING: Chinese online retailer JD.com said on Friday (Dec 29) that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan (US$140.68 million) for monopolistic tactics. The High People’s Court of Beijing ruled that Alibaba Group Holding Limited along with Zhejiang Tmall Network and Zhejiang Tmall Technology had abused their market dominance … Read more
Dec 28 (Reuters) – Cathie Wood’s ARK Invest bought 4.3 million shares of ProShares Bitcoin Strategy ETF, which is popularly known as ‘BITO’ and tracks the price of futures tied to the world’s biggest cryptocurrency, a trading note showed on Thursday. Based on the fund’s closing price on Wednesday, ARK’s stake is worth roughly $92 … Read more
HOUSTON/AUSTIN, Texas : Standing at 6 feet 2 inches (188 centimeters) tall and weighing 300 pounds (136 kilograms), NASA’s humanoid robot Valkyrie is an imposing figure. Valkyrie, named after a female figure in Norse mythology and being tested at the Johnson Space Center in Houston, Texas, is meant to operate in “degraded or damaged human-engineered … Read more
BEIJING, Dec 27 (Reuters) – Chinese electric vehicle giant BYD (002594.SZ), said on Wednesday it has received a conditional testing license for level 3 (L3) autonomous driving on high-speed roads. BYD was given the first such license in China in July, the company said in a statement on its official Weibo account. Earlier in December, … Read more
LONDON, Dec 27 (Reuters) – Self-driving cars could be on some British roads by 2026, the country’s transport minister Mark Harper said on Wednesday. Cars with full self-driving technology are not currently allowed on Britain’s roads but the government’s Automated Vehicles (AV) legislation is going through parliament, meaning that a legal framework for them should … Read more
WASHINGTON, Dec 22 (Reuters) – Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp, had promised its employees, a federal judge found on Friday. Mark Schobinger, who was Twitter’s senior head of compensation before leaving Elon Musk’s company in May, sued Twitter in … Read more
JERUSALEM :Israel’s government agreed to give Intel Corp a $3.2 billion grant for new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday. The news comes as Israel remains locked in a war with Palestinian terrorist group Hamas in the wake of the Oct. 7 Hamas attack on … Read more
