Internet
What you need to know about staked ether, the token at the center of crypto’s liquidity crisis
Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for […]
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Bitcoin sinks below $20,000 as crypto meltdown intensifies
Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity crunch. Bloomberg | Bloomberg | Getty Images Bitcoin dropped below the $20,000 mark on Saturday, extending a brutal slide in cryptocurrencies. The price of bitcoin fell 9% in 24 hours to $19,217.81, according to Coin Metrics data. […]
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Lawmakers urge Google to tackle misleading abortion search results
Senator Mark Warner (D-VA) questions David Marcus, head of Facebook’s Calibra (digital wallet service), during testimony before a Senate Banking, Housing and Urban Affairs Committee hearing on “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations” in Washington, July 16, 2019. Erin Scott | Reuters Several lawmakers are urging Google to clamp down on misleading […]
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Fed up with endless cookie consent boxes? The UK plans to kill them off
The government says the move will result in far fewer of the “frustrating” boxes appearing online. Andia | Universal Images Group | Getty Images Britain wants an end to the barrage of cookie consent pop-ups. The government says new data reforms will heavily reduce the number of banners that appear on websites asking people to […]
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Meta, Google, Twitter vow to fight fake news better as EU gets tougher
Facebook and Twitter applications are seen on an Apple iPhone. Jaap Arriens | NurPhoto | Getty Images Meta, Alphabet unit Google, Twitter and Microsoft agreed on Thursday to take a tougher line against disinformation under an updated EU code of practice that could hit them with hefty fines if they fail to do so. More than 30 signatories […]
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China’s multi-billion dollar shopping festival tests e-commerce giants and consumer appetite
China’s “618” shopping festival sees e-commerce giants including JD.com and Alibaba offer huge discounts to shoppers. Billions of dollars worth of sales are racked up across the 618 sales period which usually lasts a couple of weeks. Geng Yuhe | Visual China Group | Getty Images China is in the midst of the “618” shopping […]
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Billionaire investor Orlando Bravo warns there’s ‘more pain to come’ for the tech sector
Investors asking tech firms for a path to profitability are “not going to love what they see,” said Orlando Bravo, founder of buyout firm Thoma Bravo. Eva Marie Uzcategui | Bloomberg via Getty Images Private equity boss Orlando Bravo has a somber warning for the technology industry. “I think there’s more pain to come,” Bravo, […]
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Bitcoin came close to falling below $20,000 as investors continue to flee cryptocurrencies
Bitcoin and and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images The sell-off in cryptocurrencies deepened even further on Wednesday, with bitcoin sinking very close to the key level of $20,000. Bitcoin plunged as much as 10% to an intraday low of $20,166, according to Coinbase data. It was last trading at […]
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Qualcomm wins fight against $1 billion EU antitrust fine
Qualcomm Inc. President and CEO Cristiano Amon speaks during the company’s press event for CES 2022 at the Mandalay Bay Convention Center on January 4, 2022 in Las Vegas, Nevada. CES, the world’s largest annual consumer technology trade show, is being held in person from January 5-7, with some companies deciding to participate virtually only […]
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Netflix is planning a ‘Squid Game’ reality show with a record $4.56 million cash prize
Netflix has opened casting for the show to English-language speakers around the world. Tang Ke | Future Publishing | Getty Images Netflix is doing “Squid Game” for real (without any of the blood and gore). The streaming platform has approved a reality TV series called “Squid Game: The Challenge,” which will pit 456 contestants against […]
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