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After nearly 13 years in business, Fivetran will now be able to offer its customers an end-to-end data movement solution. Fivetran, which helps enterprises move data from a variety of sources into cloud databases, announced on Thursday it has acquired Census, a reverse extract, transform, and load (ETL) platform that enables companies to transfer data out of databases and into operational tools. Census was founded in 2018 and raised more than $80 million in venture funding from such firms as Sequoia, Andreessen Horowitz, and Tiger Global. The terms of the deal were not disclosed, but Census was last valued at…

A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token.According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project’s team wrote in a May 1 X post:“General-purpose L2s should be commodities — simple, replaceable, and free from centralized dependencies or risky governance. Ethereum R1 is our answer to that call — the rollup grounded in credible…

A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token.According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project’s team wrote in a May 1 X post:”General-purpose L2s should be commodities — simple, replaceable, and free from centralized dependencies or risky governance. Ethereum R1 is our answer to that call — the rollup grounded in credible…

Continued uncertainty will likely force the S & P 500 to retest the lows seen last month, according to Wells Fargo. “We keep getting the absolutely rational question: ‘Have we seen the bottom in stocks?’ As much as we would like to boldly answer that question with a resounding ‘yes!’ that just isn’t the case,” Wells Fargo Investment Institute senior global market strategist Scott Wren said in a note published Wednesday. “Tariff and growth concerns are the main market drivers right now, but there will likely be a few other issues that result in road bumps in the months ahead.”…

Google is expanding access to AI Mode, its experimental feature that allows users to ask complex, multipart questions and follow-ups to dig deeper on a topic directly within Search. The tech giant is also adding more functionality to the feature, including the ability to pick up where you left off on a search. Google launched AI Mode back in March as a way to take on popular services like Perplexity AI and OpenAI’s ChatGPT Search. The updates announced today are designed to allow AI Mode to better compete with the aforementioned services. With this expansion, Google is getting rid of the…

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership with Apple for its generative AI offering, Apple Intelligence, the release of GPT-4o with voice capabilities, and the highly-anticipated launch of its text-to-video model Sora. OpenAI also faced its share of internal drama, including the notable exits of high-level execs like co-founder and longtime chief…

(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Today we are highlighting Spotify (SPOT) , the Netflix of music because it is dominant, defensive and growing. Spotify has been on our list for 26 weeks. There are 20 stocks in the communication sector that trade on the New York Stock Exchange with a market capitalization of $10 billion or greater. Spotify has the best return year-to-date out of all 20, up more than 34%. It’s also the second-best performer the past year, up 108%, following Reddit…

Love it or leave it, New York State has been a force in crypto regulation.Ten years ago, the state created the United States’ first comprehensive regulatory framework for firms dealing in cryptocurrencies, including key consumer protection, anti-money laundering compliance and cybersecurity guidelines.In September 2015, the New York Department of Financial Services (NYDFS) issued its first BitLicense to Circle Internet Financial, enabling the company to conduct digital currency business activity in the state. Ripple Markets received the second BitLicense in 2016. Circle and Ripple went on to become giant players in the global cryptocurrency and stablecoin industry.Today, the NYDFS regulates one…

Bitcoin (BTC) gained 3% on May 1 as a new month saw shorts struggle to keep price pinned.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin pressures shorts after 3% daily gainsData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $96,955 on Bitstamp, its highest since Feb. 22.Increasingly close to six figures, Bitcoin rose with US stocks at the Wall Street open as Microsoft gained 10% to become the world’s highest-valued public company.Reacting, popular trader Daan Crypto Trades suggested that stocks may be on the cusp of a return to a sustained bullish trajectory.“Stocks trade at a key area here,” he wrote in…

Opinion by: Vikash Singh, Principal Investor at StillmarkThe Bybit hack resulted in the largest loss of funds to cyber hackers by a cryptocurrency exchange in history. It served as a wake-up call for those complacent about the state of security threats in the digital assets space. Everyone must learn the lesson from this heist — enterprise-grade custody solutions require tech to be accompanied by transparency.Unlike many previous incidents, this loss of funds was not due to a faulty smart contract, lost/mismanaged keys or deliberate mismanagement or rehypothecation of user funds, but rather a sophisticated social engineering attack that exploited vulnerabilities…