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Bybit, a major cryptocurrency exchange, has lost $1.5 billion in a hack, marking one of the biggest online thefts ever.
Published on: February 22, 2025, 01:00 PM UTC
Akamai (AKAM) stock dropped 20.3% after reporting weak Q4 results, with revenue guidance signaling a slowdown in demand. Revenue grew only 3% YoY, overshadowed by an 18% drop in delivery revenue. Adjusted operating profits and earnings beat expectations, but the full-year outlook implies only 2.7% revenue growth.
Published on: February 21, 2025, 09:00 PM UTC
Europe's defense spending surge amid US uncertainty fuels investor interest in defense stocks. The STOXX Europe Total Market Aerospace & Defense index has reached an all-time high, with companies like Rheinmetall, Thales, and Leonardo seeing significant gains. Investors anticipate increased revenues as European countries ramp up military spending to enhance their security.
Published on: February 21, 2025, 06:04 PM UTC
Stellantis' lawsuit against Autoliv and ZF/TRW for alleged cartel involvement in safety equipment pricing dismissed by London tribunal.
Published on: February 21, 2025, 03:00 PM UTC
Estonia, a tech hub, leads defense funding surge in central and eastern Europe prompted by Russia's invasion of Ukraine. Startups and venture capital firms invest in AI, cyber security, and drone technology to enhance national security.
Published on: February 21, 2025, 07:00 AM UTC
The SEC has decided to withdraw its appeal of a court decision vacating an overhaul of Treasury dealer rules, citing concerns about reduced liquidity and increased volatility in Treasury markets.
Published on: February 20, 2025, 08:00 PM UTC
The US SEC is closing down its crypto enforcement unit and replacing it with a broader cyber-fraud team. The new unit will focus on fraud involving social media, AI, machine learning, and blockchain. The change signals a shift in the SEC's approach to digital assets.
Published on: February 20, 2025, 04:00 PM UTC
TikTok lays off trust and safety staff as part of restructuring
Published on: February 20, 2025, 10:01 AM UTC
Blockaid, a crypto security firm, has raised $50 million in Series B funding led by Ribbit Capital to tackle rising cyber-crime risks in the digital asset space.
Published on: February 18, 2025, 03:01 PM UTC
The UK must re-arm as part of a commitment to step up European security, Defence Secretary John Healey said, announcing the establishment of a unit within his department to oversee £20 billion ($25 billion) of military spending.
Published on: February 18, 2025, 01:05 PM UTC