Tag Archives: technology
VW U.S. chief warns of industry challenges with EV battery shift
By David Shepardson WASHINGTON (Reuters) - Volkswagen AG's top U.S. executive said on Thursday the United States faces major challenges in ramping up battery production to facilitate a shift to electr...
Jun 16, 2022
Snap tests new subscription feature called Snapchat+
By Katie Paul and Sheila Dang (Reuters) - Snap Inc, the parent company of photo messaging app Snapchat, is testing a new subscription service called Snapchat+ that would give subscribers access to exc...
Jun 16, 2022
Bitcoin falls 7.03% to $20,969.32
(Reuters) - Bitcoin dropped 7.03% to $20,969.32 at 20:04 GMT on Thursday, losing $1,585.95 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, was down 56.5% from this...
Jun 16, 2022
Crypto hedge fund Three Arrows Capital fails to meet margin calls -FT
(Reuters) - Singapore-based crypto hedge fund Three Arrows Capital failed to meet margin calls this past weekend as cryptocurrency prices slid, according to a report from the Financial Times. New Jers...
Jun 16, 2022
Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme
By Jonathan Stempel NEW YORK (Reuters) - Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complain...
Jun 16, 2022
In call with Twitter staff, Elon Musk muses on space aliens, company’s future
By Sheila Dang (Reuters) - Elon Musk addressed Twitter employees for the first time on Thursday, projecting a need for "rationalization of headcount" but offering few other new details about his $44 b...
Jun 16, 2022
SpaceX employees denounce CEO Musk as “distraction” – letter
By Joey Roulette Orlando, Fla. (Reuters) - A group of SpaceX employees derided flamboyant billionaire Chief Executive Officer Elon Musk as a "distraction and embarrassment" in an internal letter to ex...
Jun 16, 2022
Exclusive-Texas securities regulator is probing Celsius account freeze – official
WASHINGTON (Reuters) - The Texas State Securities Board has opened an investigation into crypto lender Celsius Network's decision this week to suspend customer redemptions, its director of enforcement...
Jun 16, 2022
Analysis-Too good to be true? Celsius meltdown to boost crypto lending product scrutiny
By Hannah Lang and Katanga Johnson WASHINGTON (Reuters) - Liquidity troubles at crypto lending platform Celsius Network, which have left its 1.7 million customers unable to redeem their assets, will i...
Jun 16, 2022
Cryptocurrency market turmoil underscores ‘urgent need’ for regulation – U.S. Treasury
WASHINGTON (Reuters) - Recent turmoil in the cryptocurrency market underscores the "urgent need" for regulatory frameworks that reduce the risks posed by digital assets, a U.S. Treasury official said ...
Jun 16, 2022
