Author: GT

By Lisa Pauline Mattackal (Reuters) -It’s late to the sell-USA party. But bitcoin is finally reclaiming its place as a big alternative for investors spooked by President Donald Trump’s trade war and keen to dump U.S. stocks, Treasuries and the dollar. After an initial tumble to its lowest levels this year soon after Trump announced his Liberation Day tariffs on April 2, the notoriously volatile bitcoin has slowly clawed back ground. It managed to outperform stock markets in 10 out of 17 sessions in that period, VanEck data shows. The world’s top and original cryptocurrency is now a whisker away…

In an attempt to protect a valuable revenue stream, Apple is trying to delay a court ruling that forces the company to let iOS app developers in the U.S. redirect users to external payment systems and avoid paying a commission to the iPhone maker. The company filed an emergency motion late on Wednesday, asking an appeals court to grant a partial stay on a previous ruling. A U.S. court last week ruled in favor of Epic Games in a long-running case against Apple, after Judge Yvonne Gonzalez Rogers found that Apple did not comply with an order that was handed…

ROCHESTER, N.Y. (AP) — The World Video Game Hall of Fame on Thursday inducted four honorees, paying tribute to games that challenged players and changed the industry.Making up the Class of 2025 are: Defender, the 1981 arcade game that raised the bar on difficulty; Tamagotchi, the digital pets that bridged toys and video games; GoldenEye 007, whose four-person mode influenced multiplayer games that followed; and Quake, which debuted in 1996 with a 3D engine that became the new standard for the industry.The winners emerged from a field of 12 finalists that included Age of Empires, Angry Birds, Call of Duty…

Bitcoin climbed to $99,475, inching very close to the $100,000 mark, as of Thursday, May 8, at 4:57 am ET. This rally is driven by macroeconomic uncertainty and dovish U.S. monetary policy with investors flocking to alternative assets. Bitcoin last saw this milestone on Feb 1, before the U.S. implemented reciprocal tariffs on all countries. The 24-hour gain of 2.67%, or more than an additional $2500 in value, comes following the Federal Reserve’s decision to keep its interest rate at zero, with an eye-opening decision to adopt a ‘wait-and-see’ view following slowing growth and geopolitical uncertainty’. Persistent trade tensions between…

The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018.Chris Wattie | ReutersShares of Shopify dipped more than 5% in early trading on Thursday after the company posted mixed first-quarter results and issued soft guidance for the current period.Here’s how the company did:Revenue: $2.36 billion vs. $2.33 billion expected by LSEGEarnings per share: 39 cents adjusted vs. 26 cents expected by LSEGFor the second quarter, Shopify said it expects gross profit to grow at a high-teens percentage rate, while analysts had forecast a rate of 20.1%, according to StreetAccount. The company forecast revenue to…

Hims & Hers, the telehealth and wellness company, has hired a veteran of the autonomous vehicle industry as its next chief technology officer. The move, according to Hims & Hers co-founder and CEO, Andrew Dudum, was intentional. Hims & Hers on Thursday said its next CTO would be Mo Elshenawy, the former president and CTO of self-driving car company Cruise. Elshenawy left Cruise earlier this year after its parent company GM shut down the autonomous vehicle program. The jump from AVs to health may seem unlikely, but Dudum told TechCrunch he purposefully turned to the autonomous driving sector to find…

Stephen Curry #30 of the Golden State Warriors drives to the basket in the second quarter against Dyson Daniels #11 of the New Orleans Pelicans at Chase Center on April 12, 2024 in San Francisco, California. Kavin Mistry | Getty ImagesA Florida federal judge has dismissed most of the claims against high-profile celebrities and YouTubers who promoted the now-defunct cryptocurrency exchange FTX, including stars like Tom Brady, Gisele Bündchen, Kevin O’Leary, and Stephen Curry. The ruling narrows the scope of a sprawling multidistrict litigation accusing them of using their fame to market a fraudulent platform.The lawsuit stemmed from FTX’s catastrophic collapse…

Venture capital firm Insight Partners said it will alert an unspecified number of people that their personal information was stolen during a cyberattack in January. The VC firm confirmed in an updated statement this week it was planning to notify affected people on a rolling basis beginning “in the next few days.” The company said the stolen data includes personal information about its current and former employees, and information relating to its limited partners — the investors who provide capital to Insight’s venture funds but whose names are typically kept private. Insight said the stolen data also includes information about…

ATHENS, Greece (AP) — The spiritual leader of the world’s Orthodox Christians has said that religious faith should serve as humanity’s safeguard amid rapidly advancing technology and what he described as the “impending robotocracy.”Ecumenical Patriarch Bartholomew, 85, said that Orthodox tradition preserves “valuable human-centric wisdom” essential for navigating a world of accelerating technological change and automation.His comments during an event at Athens University reflect growing concerns across major branches of Christianity — and ongoing dialogue between them — about artificial intelligence’s potential impact on human dignity and social structures, as well as the dangers posed by autonomous weapons systems.“In a…

Bitcoin (BTC) is fast closing on the $100,000 mark as U.S. President Donald Trump teased a major trade deal, with reports suggesting it could be with the U.K. The upswing in prices is consistent with the cryptocurrency’s broader bullish technical setup and buoyant risk sentiment in traditional markets. As of this writing, the Asian stocks traded higher, with the futures tied to the S&P 500 up by 0.6%. Still, a couple of factors suggest the $100,000 breakout may not be a smooth ride. Firstly, as per the Wall Street Journal, the big trade deal that Trump teased on Truth Social…