Binance could lay off thousands as company buckles down for DOJ probe, source says
The crypto exchange plans to cut 1,500 to 3,000 workers total, a current employee familiar with the company's plans told CNBC.
CNBC Technology
Amazon lays off some employees in its Pharmacy unit
Amazon has laid off a "small number" of employees in its Pharmacy division, the company confirmed to CNBC.
Will Smith-backed U.S. broker Public launches in the UK in first foray overseas
The move will see Public compete with a flurry of well-established digital brokerage platforms, as well as upstarts like Revolut and Freetrade.
Former Celsius CEO arrested, company agrees to pay $4.7 billion settlement
Ex-Celsius CEO Alex Mashinsky was arrested on federal securities fraud charges as the FTC announced a $4.7 billion settlement with the bankrupt crypto exchange.
'I think we will win': Coinbase buoyed in case against SEC after landmark Ripple XRP decision
The SEC sued Coinbase in June, alleging it was operating an unregistered exchange and broker. The Ripple ruling has given Coinbase new confidence it can win.
It’s like 2021 again as crypto altcoins soar as much as 66%
Solana's SOL and Cardano's ADA tokens rose by 33% and 23%, respectively, while Polygon's MATIC and Algorand's ALGO coins are up 20% and 14%.
Africa's gaming market is expected to top $1 billion in 2024 — in the face of a global slowdown
Sub-Saharan Africa's gaming industry is expected to generate over $1 billion for the first time in 2024, according to data from research firm Newzoo.
FTC investigating ChatGPT-maker OpenAI for possible consumer harm
The civil investigative demand asks OpenAI to explain how it obtains information to train its large language models.
Meta Threads engagement has dropped off since red-hot debut, tracking firms say
Facebook's Twitter-killer, Threads, has seen drops in daily active users and time spent on app, according to SensorTower and SimilarWeb.
Here's the new default font for Microsoft Outlook and Word: Aptos
Aptos will remain available in the font list under the old Bierstadt name for people who are accustomed to it.
Elon Musk's Twitter files data-scraping lawsuit against unknown defendants
Elon Musk's X Corp., the parent company of Twitter, filed a lawsuit against four unknown entities last week over charges of data-scraping on Twitter.
Record heat meets record wildfires in Canada, and scientists say this is the new reality
Record high temperatures add fuel to the record wildfire season in Canada, with more heat and wildfires yet to come this year.
Amazon touts 'biggest ever' Prime Day as U.S. online sales surge to $12.7 billion
Amazon called the first 24 hours of Prime Day the "single largest sales day in company history," but it did not disclose total sales.
Disney pulling back on making Marvel, Star Wars content, Iger says
Disney CEO Bob Iger said Thursday on CNBC that the company will cut back on its content creation for major franchises Marvel and Star Wars.
Disney could soon sell its TV assets as Iger says business 'may not be core' to the company
Disney CEO Bob Iger appeared for an interview with CNBC's David Faber the morning after announcing a contract extension through 2026.
Twitter says FTC probe 'has spiraled out of control' and asks to terminate privacy settlement
Twitter said the FTC investigation "has spiraled out of control and become tainted by bias."
Chinese intelligence hacked Microsoft email accounts belonging to U.S. government in ‘significant’ breach
The group attacked over two dozen government agencies in Western Europe and the U.S., and compromised associated personal accounts of employees.
Disney is open to finding a new strategic partner for ESPN, Iger says
Disney is open to selling a stake in ESPN and is looking for a strategic partner as it prepares its transition to streaming, CEO Bob Iger said in an interview.
FTC says it will appeal to block Microsoft-Activision deal
The Federal Trade Commission said it will bring its campaign to prevent Microsoft from closing its Activision Blizzard deal before an appeals court.
Musk discusses his new company xAI, 'superintelligence,' and China
Elon Musk participated in an hour-long discussion on Twitter Spaces with Reps. Ro Khanna, D-Calif., and Mike Gallagher, R-Wisc.
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