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Check out the companies making headlines in midday trading: T-Mobile — Shares pulled back 11% after the company’s wireless subscribers for the first quarter missed Wall Street estimates. T-Mobile reported 495,000 postpaid phone additions in the first quarter, while analysts polled by StreetAccount were looking for 504,000. Alphabet — The Google parent company gained about 2% on the heels of better-than-expected first-quarter results . Alphabet reported $2.81 in earnings per share on revenue of $90.23 billion, while analysts polled by LSEG forecast $2.01 in earnings per share and $89.12 billion in revenue. Skechers — Shares fell 4.8% after the footwear…
A high court in Nigeria has reportedly granted the country’s Economic and Financial Crimes Commission (EFCC) the authority to arrest six individuals who were allegedly involved in investment fraud at a cryptocurrency exchange.According to an April 24 report from Nigerian news outlet The Cable, the Federal High Court in Abuja approved the arrest and detention of six people who promoted the Crypto Bridge Exchange (CBEX), allegedly defrauding investors out of 1 billion naira, or roughly $620,000. The suspects in the cases did not appear to have been arrested at the time of publication. “[The defendants used] their company ST Technologies International…
Kai Chen, a Canadian AI researcher working at OpenAI who’s lived in the U.S. for 12 years, was denied a green card, according to Noam Brown, a leading research scientist at the company. In a post on X, Brown said that Chen learned of the decision Friday and must soon leave the country. “It’s deeply concerning that one of the best AI researchers I’ve worked with […] was denied a U.S. green card,” wrote Brown. “A Canadian who’s lived and contributed here for 12 years now has to leave. We’re risking America’s AI leadership when we turn away talent like…
Opinion by: Daniel Ahmed, co-founder of Fasset and founding member of the Own FoundationCrypto was born from a vision to decentralize power, democratize finance and build systems where equity prevails over exploitation. Somewhere along the way, however, the movement lost its moral compass. As speculation surged, purpose dwindled.We must return crypto to its decentralized roots, a technological revolution built on long-term value, inclusivity and ethics rather than cyclical, speculative gains. The industry should take inspiration from emerging regions and how ethical financial investing can help to repair some of the ways our industry has often fallen short. The rise of layer…
What is a Bitcoin flash crash? A Bitcoin flash crash is a sudden, sharp plunge in the market price of BTC that only lasts a short period of time before prices start to normalize. The appearance of unique market conditions causes a jolt in the leading cryptocurrency’s market price. Typically, the reason behind a flash crash is a large group of sellers (called whales) deciding to sell Bitcoin (BTC) suddenly and flood the market with supply. This overwhelms buyers and can erase billions from the market in minutes. The fact that BTC flash crashes have still occurred in recent years highlights the…
A BMW driver has been charged with murder and possession of a weapon — his vehicle — in a fiery road rage crash that killed a 55-year-old motorcyclist in Queens, police and NYPD sources said Friday. Jorden Rosen, 42, refused to talk to police when they arrived at the scene of the deadly Rego Park crash on April 5, but investigators built the case against him with a key piece of evidence — the helmet cam worn by victim William McField, sources said. The cam captured a road rage confrontation that started as the pair were exiting the Long Island…
Key points:Bitcoin is witnessing a tussle between buy and sell volume as BTC/USD hits its highest levels since the start of March.BTC price action is making traders increasingly wary due to the pace of recent gains.$100,000 is likely to remain out of reach for the short term, multiple commentators say.Bitcoin (BTC) headed into key resistance after the April 25 Wall Street open as doubts over the BTC price breakout persisted.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin sellers and buyers battle for controlData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new seven-week highs above $95,000.Having preserved its yearly open at $93,500…
Google started testing AI-summarized results in Google Search, AI Overviews, two years ago, and continues to expand the feature to new regions and languages. By the company’s estimation, it’s been a big success. AI Overviews is now used by more than 1.5 billion users monthly across over 100 countries. AI Overviews compiles results from around the web to answer certain questions. When you search for something like “What is generative AI?” AI Overviews will show AI-generated text at the top of the Google Search results page. While the feature has dampened traffic to some publishers, Google sees it and other…
An official of the Swiss National Bank dismissed calls for the institution to add Bitcoin to its reserves as a hedge against the ongoing macroeconomic turmoil.According to an April 25 Reuters report, Swiss National Bank Chairman Martin Schlegel said that “cryptocurrency cannot currently fulfil the requirements for our currency reserves” during a shareholder meeting in Bern earlier today. The comments come amid mounting pressure from the local crypto industry to add Bitcoin (BTC) to the central bank’s reserves.Campaigner Luzius Meisser, a board member of cryptocurrency broker Bitcoin Suisse, told Reuters that “holding bitcoin makes more sense as the world shifts…
This is your last chance to put your brand at the center of the AI conversation during TechCrunch Sessions: AI Week — with applications to host a Side Event closing tonight at 11:59 p.m. PT. From June 1-7, TechCrunch is curating a dynamic weeklong series of Side Events leading up to and following the main event — TC Sessions: AI, taking place June 5 at UC Berkeley’s Zellerbach Hall. These are the gatherings where off-stage magic happens — and you still have a chance to lead one. Whether it’s a roundtable, workshop, happy hour, or meetup, your Side Event can…