Author: GT

(Bloomberg) — The culture clash between Bitcoin enthusiasts and gold bugs is about to be played out in the world of exchange-traded funds. Most Read from Bloomberg Tidal Financial Group this week filed to launch a pair of long-short trades — pitting the world’s biggest cryptocurrency against the shiny metal, and vice versa — offering investors a high-conviction bet on the best alternative hedge, in one fell swoop. Packaged under the Battleshares brand, the novel exchange-traded funds would monetize the long-running debate about the ultimate store of value for those fearing everything from trade wars and geopolitical stresses to fiscal…

Liz Reid, vice president, search, Google speaks during an event in New Delhi on December 19, 2022.Sajjad Hussain | AFP | Getty ImagesTestimony in Google’s antitrust search remedies trial that wrapped hearings Friday shows how the company is calculating possible changes proposed by the Department of Justice.Google head of search Liz Reid testified in court Tuesday that the company would need to divert between 1,000 and 2,000 employees, roughly 20% of Google’s search organization, to carry out some of the proposed remedies, a source with knowledge of the proceedings confirmed.The testimony comes during the final days of the remedies trial,…

Google announced on Thursday that it’s rolling out new AI-powered defenses to help combat scams on Chrome. The tech giant will begin using Gemini Nano, its on-device large language model (LLM), on desktop to protect users against online scams. It’s also launching new AI-powered warnings for Chrome on Android to help users be aware of spammy notifications. According to Google, Chrome’s Enhanced Protection mode of Safe Browsing on Chrome offers the highest level of protection, providing twice the protection against phishing and other online threats compared to the browser’s Standard Protection mode. Now, Google will use Gemini Nano to provide Enhanced…

New Hampshire and Arizona just passed legislation regarding retaining Bitcoin. Those pieces of legislation are very different from the federal government’s Strategic Bitcoin Reserve. The supply of the coin is going to become more constrained, but it’ll take a while to make a meaningful difference. 10 stocks we like better than Bitcoin › The state of New Hampshire signed a bill into law on May 6 that enables its state treasury to invest in digital assets like Bitcoin (CRYPTO: BTC). Arizona followed suit by signing a slightly different bill of its own into law on May 7. Now, there’s yet…

Months after the hacked education software maker PowerSchool paid a hacker’s ransom to delete the company’s banks of stolen student data, at least one school district says it is now being extorted by someone who said the data was not destroyed. PowerSchool, which provides its K-12 software to thousands of schools to support 60 million students across North America, was hacked in December 2024 using a single stolen credential, which allowed a hacker broad access to PowerSchool’s stores of personally identifiable student and teacher data, including Social Security numbers and health data. The company said at the time that it…

Photo: Chris McGrath (Getty Images) Winning the White House was supposed to transform the crypto sector, but for much of 2025, that promise has fallen flat. While Donald Trump’s return sparked surges early in the year, including brief all-time highs across major tokens, prices have largely sagged. Blame (partially) fading hype and investor fears generalized across markets. Bitcoin soared past $100,000, climbing more than 5% over the past seven days to nearly $103,000 as of Friday. Ether jumped 25% to $2,300, while Solana surged 13% to $169. XRP and BNB also posted solid gains. The rally was fueled in part…

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesAffirm shares plunged on Friday after the fintech company issued a weak forecast, and investors questioned CEO Max Levchin’s plan to go big in 0% loans.The buy now, pay later lender said revenue this quarter will be between $815 million and $845 million. The midpoint of the range was short of the $841 million average analyst estimate, according to LSEG. Levchin, who founded the…

Jakub Porzycki | Nurphoto | Getty ImagesEpic Games said on Friday that it submitted Fortnite to Apple’s App Store, the month after a judge ruled in favor of the game maker in a contempt ruling.Fortnite was booted from iPhones and Apple’s App Store in 2020, after Epic Games updated its software to link out to the company’s website and avoid Apple’s commissions. The move drew Apple’s anger, and kicked off a legal battle that has lasted for years.Last month’s ruling, a victory for Epic Games, said that Apple was not allowed to charge a commission on link-outs or dictate if…

Instagram Threads will begin testing video ads, Meta announced on Thursday. The test, which will make Threads look more like its competitor X, is an expansion of Threads’ advertising initiatives, which began last month with the opening up of ads to global advertisers. The news was announced at Meta’s presentation at the IAB NewFronts, where a number of social media companies pitch themselves to advertisers. On Threads, Meta says a “small number” of advertisers will test 19:9 or 1:1 video ad creatives that will appear in between pieces of organic content in the Threads feed. The company didn’t share other…

Google is rolling out a feature in its Gemini API that the company claims will make its latest AI models cheaper for third-party developers. Google calls the feature “implicit caching” and says it can deliver 75% savings on “repetitive context” passed to models via the Gemini API. It supports Google’s Gemini 2.5 Pro and 2.5 Flash models. That’s likely to be welcome news to developers as the cost of using frontier models continues to grow. We just shipped implicit caching in the Gemini API, automatically enabling a 75% cost savings with the Gemini 2.5 models when your request hits a…