Articles from www.bloomberg.com

Articles from www.bloomberg.com

The bitcoin rally fueled by Trump's reelection has lost steam near the end of 2024; BTC hovers around $93.5K, ~$15,000 below the record high set in mid-December (www.bloomberg.com)
2024-12-30 Trump Bitcoin

RWA.xyz estimates the total value of tokenized real-world assets, excluding stablecoins, is $13B, as Opimas says just 0.003% of global asset value is tokenized (www.bloomberg.com)
2024-12-29 Asset

AT&T says China targeted a few “individuals of foreign intelligence interest” in the Salt Typhoon hack and its networks are now clear from the intrusion (www.bloomberg.com)
2024-12-29 China AT&T Intelligence

Analysis: 50%+ of the US households showing highly-distorted power readings from February to October were within 20 miles of significant data center activity (www.bloomberg.com)
2024-12-28

Filing: Trump asks SCOTUS to pause the law that could ban TikTok, saying the court should give him time to “pursue a political resolution” of the dispute (www.bloomberg.com)
2024-12-28 Trump Ban

Montenegro says Terraform Labs co-founder Do Kwon will be extradited to the US, potentially ending a standoff over competing demands by the US and South Korea (www.bloomberg.com)
2024-12-28 Korea

A profile of Boring Company President and key Elon Musk deputy Steve Davis, who has spent 20+ years helping Musk cut costs and now helps recruit staff at DOGE (www.bloomberg.com)
2024-12-27 Elon Musk

Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B (www.bloomberg.com)
2024-12-26 Korea Alibaba

Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+ (www.bloomberg.com)
2024-12-25 Taiwan Uber

Kaiko: the share of BTC-USD trades in US market hours has now climbed to ~53% from 40% in 2021, with crypto liquidity back at levels seen before FTX's collapse (www.bloomberg.com)
2024-12-25

Singapore issued 13 crypto licenses in 2024, pulling ahead of Hong Kong, where authorities have been more cautious, in the race to become a regional crypto hub (www.bloomberg.com)
2024-12-25 Hong Kong Singapore

Iran claims it will lift its ban on “certain widely used foreign platforms”, naming WhatsApp and Google Play as the first two apps to be unblocked (www.bloomberg.com)
2024-12-25 Google WhatsApp Ban Iran

Hashed: $112M+ worth of USDC fled Hyperliquid, the top DeFi derivatives exchange by volume, on December 23, after concern over trading by North Korean hackers (www.bloomberg.com)
2024-12-24 Korea

Dutch tech investor Prosus plans to acquire online travel agency Despegar.com for $1.7B, or $19.50 per share, to expand in Latin American, closing in Q2 2025 (www.bloomberg.com)
2024-12-24 U.S. Netherlands Latin America

VC insiders say many partners left big firms in 2024, either quitting or being pushed out, as bleak market conditions led to less funding and leaner operations (www.bloomberg.com)
2024-12-24

Google says it plans to counter Japan's FTC over claims that it hobbles rivals in search; a source says Japan's FTC sent a cease-and-desist order to Google (www.bloomberg.com)
2024-12-23 Japan Google

Sources: SoftBank's Masayoshi Son has recently become singularly obsessed with how to build the next Nvidia and wants competitive AI chips ready to ship by 2026 (www.bloomberg.com)
2024-12-23 AI Nvidia

A look at the challenges facing Crunchyroll, as current and ex-staffers say its management is out of touch, amid Disney and Netflix's expansion into anime (www.bloomberg.com)
2024-12-23 Netflix

Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks (www.bloomberg.com)
2024-12-23 Apple Facial Recognition

Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region (www.bloomberg.com)
2024-12-22 Asia Startup AI Southeast Asia

Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions (www.bloomberg.com)
2024-12-22 Trump Tesla

A look at India's quick food delivery market as Swiggy and Zomato enter the sector; report: online food delivery market in India to reach $15B by March 2029 (www.bloomberg.com)
2024-12-22 India

The US awards a $4.75B CHIPS Act grant to Samsung and $1.6B to Texas Instruments for new factories in Texas and Utah, rounding out the program's largest grants (www.bloomberg.com)
2024-12-22 Samsung Texas

A look at a lawsuit from 64 families against Snap that alleges Snapchat's design is responsible for connecting teens to dealers selling counterfeit drugs (www.bloomberg.com)
2024-12-21 Snapchat

Sources: Intel shortlists buyout firms for the next round of bidding for its Altera unit, including Francisco Partners, Silver Lake, and Lattice Semiconductor (www.bloomberg.com)
2024-12-21 Intel Silver

Google calls DOJ's proposed Chrome sale “extreme” and at odds with the law, urging the judge to take caution to avoid stifling innovation and future investment (www.bloomberg.com)
2024-12-21 Google Chrome

Tai Mo Shan, part of Jump Trading's crypto unit, agrees to pay $123M to settle SEC's claims it misled investors about the stability of TerraUSD (www.bloomberg.com)
2024-12-21

A federal jury in Delaware finds that Qualcomm didn't violate the terms of an agreement covering Arm's chip designs that was part of the $1.4B buyout of Nuvia (www.bloomberg.com)
2024-12-21

The US charges dual Russian and Israeli national Rostislav Panev for allegedly working with the LockBit ransomware group and seeks his extradition from Israel (www.bloomberg.com)
2024-12-21 Russia Israel

OpenAI says safety researchers can sign up for o3 preview today and it did not name the new model o2 “out of respect” for the UK telecom brand (www.bloomberg.com)
2024-12-21

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