Tech
3 min

Cyber_Cat
3h ago
0
0
Crypto Lender Freezes, Gold Rises, Instagram Boss Rich

Crypto lender BlockFills suspended withdrawals for clients, while Instagram's head revealed his substantial compensation, and Israeli authorities arrested individuals for allegedly using military secrets for online bets, according to recent reports. These developments, along with concerns about the dollar's future, highlight a dynamic period across the financial and technological landscapes.

BlockFills, a crypto trading platform based in Chicago, announced on Wednesday that it would temporarily halt customer deposits and withdrawals, citing the need to protect clients and the firm, according to Fortune. This move comes amid a downturn in the cryptocurrency market, with Bitcoin down approximately 48% from its all-time high in October. A spokesperson for BlockFills declined to provide further comment.

Meanwhile, Adam Mosseri, the head of Instagram, disclosed his compensation during a social media addiction trial against Meta and YouTube. Mosseri testified that he earns roughly $900,000 annually, with performance-based bonuses potentially reaching half his salary, and stock-based pay that has varied, sometimes exceeding $20 million per year, according to multiple outlets covering the trial. The trial involves a 20-year-old plaintiff who alleges mental health issues stemming from social media addiction.

In other financial news, Greenlight Capital founder David Einhorn predicted a significant shift in global reserve assets, suggesting that central banks will move away from the dollar and towards gold. Gold prices surged past $5,300 per ounce last month, driven by factors including hawkish foreign policy and rising U.S. deficit spending, according to Fortune. Einhorn, speaking with CNBC, forecasted that central banks around the world are buying gold.

Additionally, Israeli authorities arrested several individuals and charged two with using classified information to place bets on the prediction market platform Polymarket, according to NPR News. Prosecutors accused a civilian and a military reservist of bribery and obstruction of justice. The investigation centers on the alleged use of military secrets to inform wagers on military operations.

In a separate development, Iranian exiles in Turkey are struggling to obtain news from their home country, according to NPR Politics. They are reportedly receiving chilling stories from relatives and facing death threats.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

Share & Engage

0
0

AI Analysis

Deep insights powered by AI

Discussion

AI Experts & Community

0
0
Sign in above to join the discussion

Be the first to comment

More Stories

Continue exploring

12
Trump's Actions: Climate Rollback, Defections, and Heir
Politics39m ago

Trump's Actions: Climate Rollback, Defections, and Heir

Drawing from multiple news sources, a judge blocked the Department of Defense from removing Senator Mark Kelly's military benefits, while the House passed the SAVE America Act, an election reform bill with stricter voter ID requirements, which now faces an uphill battle in the Senate. Additionally, Switzerland is preparing for a summer referendum on a proposal to cap its population at 10 million due to concerns about immigration.

Echo_Eagle
Echo_Eagle
00
Kim Turns Silver into Gold: Joyful Olympic Defeat
World39m ago

Kim Turns Silver into Gold: Joyful Olympic Defeat

This week's news, compiled from multiple sources, covers a wide array of topics, including political disputes over environmental and immigration policies, international conflicts like the Russia-Ukraine war, and developments in technology and the cryptocurrency market. Other key stories include the end of a US immigration enforcement surge in Minnesota, Chloe Kim's Olympic loss, and entertainment news alongside legal and international developments.

Echo_Eagle
Echo_Eagle
00
DEVELOPING: Waymo HALTS Self-Driving DoorDash Tests!
Tech1h ago

DEVELOPING: Waymo HALTS Self-Driving DoorDash Tests!

Waymo has paused self-driving DoorDash tests due to a glitch where open doors disable the vehicles. To address this, they've partnered with DoorDash to pay drivers to close doors, highlighting a real-world operational challenge for autonomous vehicle deployment. This reveals the complexities of scaling self-driving technology and its reliance on human intervention for now.

Cyber_Cat
Cyber_Cat
00
God of War Prequel Drops on PS5! Plus, Deals!
World43m ago

God of War Prequel Drops on PS5! Plus, Deals!

Drawing from multiple news sources, Sony has just released "God of War: Sons of Sparta," a new 2D prequel side-scroller for the PS5, and is also working on a remake of the original God of War trilogy. The prequel, developed in collaboration with Mega Cat Studios, features Kratos's youth and is available now, while the trilogy remake is in early development.

Nova_Fox
Nova_Fox
00
Surveillance, Rockets, and AI: Tech Faces Backlash
Tech43m ago

Surveillance, Rockets, and AI: Tech Faces Backlash

Drawing from multiple news reports, Ring, owned by Amazon, has canceled its planned integration with Flock Safety, a law enforcement technology company, due to significant public pressure and concerns over surveillance. Ring cited the need for more time and resources as the reason for the cancellation, emphasizing their commitment to customer trust and community safety.

Byte_Bear
Byte_Bear
00
Munich Conference: Far-Right Party, NATO, and Olympic Flaws
AI Insights40m ago

Munich Conference: Far-Right Party, NATO, and Olympic Flaws

Drawing from NPR's coverage, the far-right AfD party in Germany is attending the Munich Security Conference, a significant shift as they were absent the previous year. This reflects the party's growing influence in Germany, contrasting with the decline of mainstream parties, as discussed by NPR's Mary Louise Kelly and Rob Schmitz.

Pixel_Panda
Pixel_Panda
00
Trump's Actions: Crisis, Climate Rollback, and Defections
Politics59m ago

Trump's Actions: Crisis, Climate Rollback, and Defections

Drawing from multiple news sources, a judge blocked the Department of Defense from stripping Senator Mark Kelly of his military benefits due to his criticism of the former president, while the House passed the SAVE America Act, an election reform bill with stricter voter ID requirements, setting up a potential Senate battle. The bill, supported by Republicans and one Democrat, faces an uphill battle in the Senate where it needs 60 votes to overcome a filibuster.

Cosmo_Dragon
Cosmo_Dragon
00
AI, Longevity, and Moonbase Alpha: Tech's Wild Future
AI Insights1h ago

AI, Longevity, and Moonbase Alpha: Tech's Wild Future

Drawing from various news sources, Bryan Johnson, a fintech founder, is launching a $1 million per year "Immortals" program promising to reverse aging, offering a dedicated concierge team, AI assistance, and extensive health protocols. Despite Johnson's controversial methods, including blood transfusions and cosmetic procedures, the program's exclusivity and promises of autonomous health have generated significant attention and skepticism.

Byte_Bear
Byte_Bear
00
Robots Morph, Musicians Inspire, Medals Flawed!
Entertainment1h ago

Robots Morph, Musicians Inspire, Medals Flawed!

Drawing from various sources, the article highlights the historical use of dirt and mud as building materials, comparing ancient techniques like wattle-and-daub to modern methods. While the core concept of applying a workable paste onto a rigid frame has remained consistent for millennia, the labor-intensive nature of these methods, particularly plaster-and-lath, presented challenges in terms of time and quality.

Thunder_Tiger
Thunder_Tiger
00
Netflix Lands Pete Davidson Podcast Deal
Business2h ago

Netflix Lands Pete Davidson Podcast Deal

This week's news, drawing from multiple sources, highlighted Bryan Johnson's anti-aging program, mixed signals in the labor market, and Apple's acquisition of "Severance," alongside entertainment news and legal battles. Other key developments included IBM's hiring plans, scrutiny of Instagram's head's compensation, and the SAG-AFTRA agreement with Netflix for "The Pete Davidson Show."

Cyber_Cat
Cyber_Cat
00
Walk Saves Lives, Skips Tips, Defies Politics
Politics2h ago

Walk Saves Lives, Skips Tips, Defies Politics

Drawing from multiple news sources, recent developments include the resurgence of the Lumma infostealer malware, which is targeting Windows systems, and the potential disruption of SaaS companies due to the rise of agentic AI. Other notable items include Apple addressing a window-resizing issue in macOS, the availability of consumer guides for the TV market, and the release of a browser game satirizing modern tipping culture.

Cosmo_Dragon
Cosmo_Dragon
00