Long-awaited Arbitrum token generates $1.8B in 2 hours
The less-than-day-old cryptocurrency is already one the top 50 most valuable tokens by market cap. Read More
‘There were a couple of Tweets and then this thing went down’: Citigroup CEO Jane Fraser says a social media bank run on SVB is a ‘complete game changer’
Banking crises have happened before, but this may be the first one accelerated by mobile banking and social media. Read More
That photo of Trump being tackled by police isn’t what you think it is as the internet enters a new era of AI disinformation
While the ability to manipulate photos and create fake images isn’t new, AI image generator tools by Midjourney, DALL-E and others are easier to use. […]
The co-founder of a Canadian private equity firm explains why he just acquired the internet’s biggest adult entertainment site
Solomon Friedman of Ethical Capital Partners tells Fortune he sees big potential in the site—and even more in the tech that powers the sites. Read […]
What you need to know about treasury bills
Experts say investors may be able to generate attractive, short-term returns as the Fed continues to raise rates Read More
Why nervous people in power want to stop you from using TikTok, according to a longtime cybersecurity researcher
People in power, whether politically or in a company, fear data and information could be compromised. But banning TikTok would be hard. Read More
A banking crisis means the Fed has a new inflation ally that it never wanted: A credit crunch
Fewer loans would mean less spending by consumers and businesses. Read More
The woman charged with stealing Nancy Pelosi’s laptop during the Jan. 6 riot is going to prison
Riley June Williams was an ardent supporter of the white nationalist “Groyper” movement led by internet personality Nick Fuentes. Read More
Striking French workers are literally refusing to roll out the red carpet for Britain’s King Charles as he visits Macron during mass protests
“It’s very bad timing. Normally the French would welcome a British king. But in this moment, people protesting are on high alert for any sign […]
Accenture to cut 19,000 jobs in a huge escalation of downsizing by consulting firms amid the economic turmoil
Last month, McKinsey said it plans to axe 2,000 jobs while KPMG announced it had cut almost 700 professionals. Read More