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Last updated: March 28, 2024 08:55 EDT | 2 min read https://cimg.co/wp-content/uploads/2024/03/28142049/1711635649-a72ab9e5-23e0-489f-ab7f-58dd9892ca62.mp3 Listen to Article 00:00 / 00:00 KuCoin, a cryptocurrency exchange, has announced an airdrop of Bitcoin and its native KuCoin (KCS) token, totaling $10 million, to their loyal customers, despite recent US DOJ charges.KuCoin CEO Johnny Lyu announced the news in a letter published on the exchange’s blog. The move comes amid legal challenges and charges filed by the United States Justice Department against the exchange and its founders.KuCoin CEO Expresses Gratitude to Users, Announces Special Airdrop Event Our CEO @lyu_johnny wrote a letter to the #KuCoin community,…
Sam Bankman-Fried bilked FTX customers out of more than $8 billion, according to prosecutors.FTX bankruptcy lawyers say they could get all their money back.The judge sentencing Bankman-Fried on Thursday has to grapple with that gulf — as well as his autism diagnosis. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app According to federal prosecutors, Sam Bankman-Fried orchestrated one of the biggest criminal frauds in the history of the world. Customers of FTX, his cryptocurrency exchange, lost more than $8 billion, they say.According to his lawyers, FTX’s customers may…
Google paused Gemini’s image-generation feature after users claimed it was “woke.””I’m glad that Google overplayed their hand with their AI image generation,” Elon Musk wrote on X.Google said on Thursday that it will “re-release an improved version” of Gemini soon. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk isn’t playing nice with Google.On Thursday, Google paused its chatbot Gemini’s image-generation feature, following backlash from some users who claimed the feature was “woke.” People on social media have said the AI consistently generated images of people of color in…
REE Automotive Ltd (NASDAQ:REE) Q4 2023 Earnings Conference Call March 27, 2024 8:30 AM ET Company Participants Kamal Hamid – Vice President of Investor RelationsDaniel Barel – Co-Founder, Chief Executive Officer & DirectorJosh Tech – Chief Operations OfficerTali Miller – Chief Business OfficerYaron Zaltsman – Chief Financial Officer Conference Call Participants Michael Shlisky – D.A. Davidson & CoJeff Osborne – TD CowenCraig Irwin – ROTH MKM Operator Good day and thank you for standing by. Welcome to the REE Automotive Fourth Quarter 2023 Full Year Financial Results. [Operator Instructions] Please be advised that today’s conference is being recorded. I would…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Disney settled a lawsuit over the governance of the company’s Orlando theme parks stemming from last year’s takeover of the district’s board by Ron DeSantis, the governor of the US state of Florida.The settlement with the board, known as the Central Florida Tourism Oversight District, resolves one of the big legal fights that followed DeSantis’ move to end the company’s 50-year-old right to in effect run its own government around Walt Disney World amid a dispute over the state’s so-called Don’t Say…
Israeli Prime Minister Benjamin Netanyahu’s office has agreed to reschedule a planned meeting with US and Israeli officials to discuss a possible operation in Rafah, the White House confirmed Wednesday, just days after Netanyahu canceled the delegation. “The Prime Minister’s Office has agreed to reschedule the meeting dedicated to Rafah,” White House press secretary Karine Jean-Pierre said. “So, we’re now working with them to set to find a convenient date that’s obviously going to work for both sides, but his office has agreed to reschedule that meeting which would be dedicated to Rafah, which is a good thing.” CNN reported…
In a recent move that caught the attention of market watchers, an insider at KULR Technology Group, Inc. (NYSE:KULR) has sold a significant amount of stock. Timothy Ray Knowles (NYSE:), known for being a ten-percent owner of the company, divested a total of 970,635 shares over two consecutive days. The transactions took place on March 21 and March 22, 2024, with 510,598 shares sold on the first day and 460,037 shares on the following day. The price at which these shares were sold varied slightly, ranging between $0.22 and $0.23 per share. The total value of the shares sold amounted…
Investing.com — U.S. crude stockpiles increased less than expected, the API reported Tuesday, pointing to a pick-up in demand following weeks of much stronger-than-expected increases.. , the U.S. benchmark, traded at $78.45 a barrel following the report after settling down 0.9% at $78.02 a barrel. rose by about 423,000 barrels for the week ended Mar. 1, compared with a build of 8.4M barrels reported by the API for the previous week. Economists were expecting an increase of about 2.6M barrels. The API data also showed that gasoline inventories fell by about 2.8M barrels, and distillate stockpiles fell by 1.8M barrels,…
Investing.com — The euro will likely continue to struggle against the dollar as weaker economic growth and a faster pace of deflation in the European Union could likely force the European Central Bank to cut rates more aggressively than the Federal Reserve. fell 0.52% to $1.0862. “We continue to expect EUR/USD to decline,” Morgan Stanley said in a recent note, highlighting several factors that will expand the divergence between US interest rates and EU rates including faster pace of deflation in EU and slower economic growth. The deceleration in European inflation, Morgan Stanley forecasts, will “happen faster and from…
