New York City Bans TikTok on Government Devices
New York last Wednesday, August 16, decided to ban the use of the TikTok app on government devices.
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IBM Develops Prototype Brain-Like Chip
The technology giant IBM is currently developing a prototype of a chip similar to a human brain and states that within the framework of this project, the issue of improving the energy efficiency of artificial intelligence is being solved.
Coinbase to Offer Crypto Futures to US Customers
Coinbase gained regulatory approval to operate a Futures Commission Merchant (FCM) and offer eligible US customers access to crypto futures
Intel Abandons Its Attempt to Acquire Tower Semiconductor
Intel Corporation announced the termination of attempts to acquire the Israeli company Tower Semiconductor.
US Retail Spending Shows Growth
American retail chains reported that by the end of July, an increase in consumer spending in this trading sector was recorded.
Fitch Warns of Possible Downgrade of Dozens of Banks
An analyst at Fitch Ratings warned that the US banking sector is currently on the way to a new downgrade, which could potentially affect dozens of lenders, including industry giants such as JPMorgan Chase.
UBS to Pay Over $1 Billion to Settle Fraud Claims
It became known that the Swiss bank UBS agreed to pay $ 1.4 billion as part of the settlement of claims of involvement in fraudulent activities in the United States, which became a kind of premise of the financial crisis that broke out in 2008.
Coinbase Launches Stand With Crypto Alliance
The crypto exchange Coinbase has launched Stand with Crypto initiative that unites global crypto advocates
Disney Introduces New Subscription Solutions
Experts say that changes in Disney’s policy regarding subscription decisions may signal that the company has decided to follow the path of Netflix.
Lender Better.com Plans SPAC Listing in August
Digital Mortgage Lender Better.com plans to become a public company by the end of August.
US Government Gives Green Light to First National Direct Air Capture (DAC) Projects
The Project Cypress by Battelle and clean technology developers Climeworks and Heirloom received Notification of Selection from the U.S. Department of Energy (DOE) for the Bipartisan Infrastructure Law’s Regional Direct Air Capture (DAC) Hubs program
Cartwheel Integrates With Toast Partner Ecosystem
Cartwheel, the on-demand delivery management platform, announced integration with the Toast partner ecosystem.
Crypto Company Circle to Expand Its Product Line
The Circle Internet Financial crypto company hopes that its $1 billion cash reserve will allow it to withstand the process of competition from so-called non-crypto firms like PayPal Holdings.
Marketplace Instacart Expands SNAP Payment Acceptance
Instacart, an online grocery store, announced the start of accepting electronic payments under the Electronic Benefits Transfer for Supplemental Nutrition Assistance Program (EBT SNAP) throughout the United States.
Serve Robotics Raises $30 Million
The company Serve Robotics announced the completion of a public deal and the raising of $30 million in financing.
USA to Restrict Investments in Chinese Technology Sector
The administration of US President Joe Biden last Wednesday, August 9, announced its intention to introduce restrictive measures concerning the investment of American venture capital, private companies, and joint ventures in the Chinese technology sector.
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