FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale, source says
Crypto giant FTX is close to finalizing a term sheet to buy BlockFi, sources familiar with the situation told CNBC.
CNBC Technology
The Supreme Court's EPA ruling is a big setback for fighting climate change, but not a death knell
The Supreme Court limited the ability of the EPA to fight climate change in a landmark ruling. But regulators still have many tools in their arsenal.
Elon Musk is smart — but he doesn't understand ESG, tech CEO says
"Many investors believe it might be only focused on climate impact," said Clarity AI's CEO. "Not just 'many investors' — even Elon Musk tweeted about it."
Activist investor group asks SEC to investigate Tesla over plan to shrink board
SOC Investment Group alleges Tesla's board isn't independent enough and favors Elon Musk's personal interests over shareholders'.
Biden names Apple co-founder Steve Jobs as recipient of posthumous Medal of Freedom
The late Apple co-founder Steve Jobs was among 17 people President Joe Biden announced as winners of the Presidential Medal of Freedom on Friday.
Amazon blocks searches for LGBTQ+ products in the United Arab Emirates amid regional anti-homosexuality push
Amazon described its decision as one made to abide by local laws.
Micron warns weakening consumer demand will hurt smartphone sales
"If you were to translate it into units, it amounts to 130 million units reduction versus expectation earlier in the year for smartphone."
Ohio Governor DeWine says Intel delay on $20 billion chip plant is about 'leverage'
Republican Ohio Gov. Mike DeWine said he believes Intel is threatening to delay a massive chip manufacturing facility in order to gain leverage with Congress.
Crypto exchange Coinbase seeks licenses in Europe as it looks to ramp up growth outside the U.S.
Coinbase is racing to keep pace with rivals like Binance and FTX, which have gained significant traction in territories outside the U.S.
EU agrees on landmark regulation to clean up crypto 'Wild West'
The new law, known as Markets in Crypto-Assets (MiCA), is the first attempt at creating a comprehensive regulatory framework for digital assets in the EU.
Atlassian billionaire co-CEO Scott Farquhar saved a man's life at a Las Vegas nightclub in April
Scott Farquhar was in Las Vegas for a company conference, but his trip was much more eventful than planned.
FBI adds 'Cryptoqueen' to Ten Most Wanted Fugitives List after alleged $4 billion OneCoin fraud
The FBI added Dr. Ruja Ignatova, the 'Cryptoqueen,' to its list of most wanted fugitives, and is offering $100,000 for information leading to her arrest.
Bitcoin falls below $19,000 again as pressure mounts on crypto firms
Cypto hedge fund Three Arrows Capital fell into liquidation, adding further pressure on bitcoin on top of concerns about inflation and interest rate hikes.
Internal Facebook memo warns company must be disciplined, prioritize ruthlessly
Meta chief product officer Chris Cox detailed the company's financial dilemma in an internal memo that detailed key areas where the social media giant plans to invest.
Big technology stocks like Tesla, Amazon and Microsoft just finished their worst quarter in years
Worries over higher interest rates drove investors into safer and slower-growing pockets of the economy in the second quarter as Tesla stock cratered 37%.
Bitcoin just had its worst month on record
Bitcoin just finished its worst month in the 12 years that it's been available on exchanges.
Bitcoin posts its worst quarter in more than a decade
Bitcoin has lost around 58% of its value in the second quarter of 2022, its worst quarterly loss since the third quarter of 2011.
For 3-D printing companies, producing in the stock market hasn't been easy
3-D printing companies including Stratasys, MakerBot and Shapeways have accomplished a lot with industrial and consumer technology, but not in the stock market.
Apple opens up third-party app payments in Korea, will still take 26% cut
Apple will require apps that take advantage of the new policy in Korea to report all sales to Apple each month and pay a commission of 26% on those sales.
Grayscale sues SEC after rejection of bid to turn the largest bitcoin fund into an ETF
The U.S. Securities and Exchange Commission cited a failure by Grayscale to answer questions about concerns around market manipulation.
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