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Robinhood, the popular stock-trading app, is making a significant move into the cryptocurrency market with the acquisition of crypto exchange Bitstamp. On Thursday, Robinhood announced that it expects the final transaction value to be around $200 million, with the deal anticipated to close in the first half of 2025. Known primarily for its stock-trading services, Robinhood has been progressively expanding into the crypto sector over the past few years. The company has introduced support for numerous leading cryptocurrencies, including Bitcoin, though it restricted some of its crypto offerings last year due to increased regulatory scrutiny in the U.S. Crypto…
Microsoft has officially launched its AI-powered Designer app, now available to all users on iOS and Android. This Canva-like app allows users to generate images and designs using text prompts, creating items such as stickers, greeting cards, invitations, collages, and more. The Designer app, accessible in over 80 languages on the web, is now available as a free mobile app and as an application within Windows. One of the standout features of Designer is its “prompt templates,” which help kickstart the creative process. These templates include various styles and descriptions that users can experiment with and customize. Additionally, users can…
Russian cybersecurity firm Kaspersky will lay off dozens of employees and exit the U.S. market following a U.S. government order banning the sale of its software, citing security risks. Kaspersky announced it will “gradually wind down” its U.S. operations starting July 20, when the ban comes into effect, stating that its U.S. business is “no longer viable.” Independent journalist Kim Zetter first reported the news on Monday, noting that fewer than 50 employees in the United States will be affected by the layoffs. Kaspersky spokesperson Sawyer VanHorn confirmed the company’s statement and the layoffs. VanHorn was also among those laid…
Elon Musk’s X, formerly known as Twitter, is working on a downvoting feature to improve reply rankings. Although the company hasn’t officially announced its plans, recent findings suggest the downvote feature may resemble a “dislike” button rather than a traditional downvote icon. Code references found in the X iOS app now show a button that appears as a broken heart icon next to X’s heart-shaped “like” button, along with direct references to a “downvote” feature. As Twitter, the company tested downvoting in 2021, before Musk’s acquisition. During the original experiment, Twitter tested both upvoting and downvoting buttons across all posts.…
Customer Service Emails Dating Back to 2014 Exposed in May Breach A significant data breach at mSpy, a phone surveillance operation, has compromised millions of its customers’ data, exposing personal information accumulated over the past decade. The breach also affected the Ukrainian company behind mSpy. In May 2024, unknown attackers stole millions of customer support tickets, including emails, personal documents, and other sensitive information, from mSpy. While hacks of spyware companies are becoming more common, they are particularly concerning due to the highly sensitive nature of the data involved. The stolen data includes customer service records dating back to 2014,…
The comprehensive EU AI Act, which aims to regulate artificial intelligence based on risk, has been officially published in the European Union’s Official Journal. Starting from August 1, the new law will come into force, marking the beginning of a phased implementation process. By mid-2026, most provisions will be fully applicable to AI developers. However, various deadlines are set between now and then, with some extending even further as different legal requirements gradually take effect. EU lawmakers reached a political agreement on the AI rulebook in December of last year. The framework imposes different obligations on AI developers based on…
India’s leading cryptocurrency exchange, CoinDCX, is making a significant international move by acquiring BitOasis, a digital asset platform based in the Middle East and North Africa. The announcement was made on Wednesday by both companies. CoinDCX, headquartered in Bengaluru, stated that the BitOasis team would be joining their ranks. The original leadership of BitOasis will continue to manage the platform, which currently offers trading in over 60 tokens. Despite the acquisition, BitOasis will retain its branding. BitOasis, based in Dubai, has secured over $40 million in funding over its eight-year history. While the financial terms of the deal were not…
Starting in 2026, cryptocurrency platforms will be required to report transactions to the Internal Revenue Service (IRS). However, decentralized platforms that do not hold assets themselves will be exempt from these regulations. These regulations, finalized by the IRS and the U.S. Department of Treasury on Friday, implement a provision of the Biden administration’s Infrastructure Investment and Jobs Act, enacted in 2021. While gains from selling cryptocurrencies and other digital assets are already taxable, there has been no standardized method for reporting these gains to investors and the government. Beginning in 2026, covering transactions from 2025, crypto platforms must provide a…
On Tuesday, health tech services provider HealthEquity revealed in a filing with federal regulators that it had experienced a data breach, resulting in hackers stealing the “protected health information” of some customers. In an 8-K filing with the SEC, the company reported detecting “anomalous behavior by a personal use device belonging to a business partner.” HealthEquity concluded that the partner’s account had been compromised and used to access members’ information. On Wednesday, HealthEquity provided more details of the incident. HealthEquity spokesperson Amy Cerny stated in an email that this was “an isolated incident” and not connected to other recent breaches,…
Last week, a hacker claimed to have stolen 33 million phone numbers from U.S. messaging giant Twilio. On Tuesday, Twilio confirmed that these “threat actors” were able to identify the phone numbers of people who use Authy, a popular two-factor authentication app owned by Twilio. In a post on a well-known hacking forum, the hacker or group known as ShinyHunters claimed they had hacked Twilio and obtained the cell phone numbers of 33 million users. Twilio spokesperson Kari Ramirez stated that the company “detected that threat actors were able to identify data associated with Authy accounts, including phone numbers, due…