International
IBM’s biggest division ends most US foreign worker sponsorships
Announcement follows Trump administration crackdown on visa programmes for skilled foreign workers.
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Crypto
Cushing crude stocks rise 5.1M barrels, WTI prices dip 2%-5%
Increased Cushing crude stocks suggest potential for sustained lower WTI prices, impacting market dynamics and future production strategies. The post Cushing crude stocks rise 5.1M barrels, WTI prices dip 2%-5% appeared first on Crypto Briefing.
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Crypto
Bitcoin Could Rally Before Rate Cuts Begin, Binance Research Says
Binance Research suggests slowing global monetary tightening could improve bitcoin’s outlook before central banks begin cutting interest rates, while growing use of tokenized equities in decentralized finance (DeFi) points to a new phase of blockchain adoption. Slowing Global Monetary Tightening Could Signal Bitcoin Recovery Bitcoin (BTC) could benefit from an easing in the pace of […]
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Crypto
CoreWeave posts $4B revenue, faces $47B debt and $1B interest expenses
CoreWeave's high debt and interest expenses raise concerns about financial stability, potentially leading to bankruptcy risks despite revenue growth. The post CoreWeave posts $4B revenue, faces $47B debt and $1B interest expenses appeared first on Crypto Briefing.
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Crypto
POLITICO: The CFTC may file charges against Kalshi involving the filing of dozens of prediction market contracts
According to POLITICO, the U.S. Commodity Futures Trading Commission (CFTC) is investigating whether prediction market platform Kalshi failed to comply with regulatory notification procedures for dozens of proposed new contracts and has issued a warning to Kalshi about possible enforcement actions. Kalshi responded that the issues involved procedural errors in the submission process for a small number of contracts, many of which have not yet gone live, and that the company is working to resolve them. The investigation has lasted for several months and focuses on the self-certification mechanism for new contracts in prediction markets. Under current regulations, exchanges only need to declare to the CFTC that new products meet relevant regulatory requirements, and they can go online for trading as soon as the next day without obtaining explicit approval. The CFTC warned prediction market operators in July not to use overly broad language in new product certifications. Meanwhile, the CFTC is also investigating whether Polymarket violated requirements in a 2022 settlement that restricted U.S. users from using its platform. U.S. prediction markets are facing heightened regulatory scrutiny as Democrats prepare to step up oversight of the industry after the midterm elections.
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Crypto
CoreWeave beats earnings estimates, raises 2026 forecast despite capital concerns
CoreWeave's earnings success and forecast boost suggest stability, but future capital challenges could strain long-term financial health. The post CoreWeave beats earnings estimates, raises 2026 forecast despite capital concerns appeared first on Crypto Briefing.
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International
How having imaginary friends helps us in real life: 'We were inseparable'
From invisible ballerinas to talking milk cartons, imaginary friends can bring benefits into adulthood and help face difficult everyday situations, according to studies.
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Crypto
Trump Media Posts $410 Million Profit. Bitcoin Gains Did the Heavy Lifting
Truth Social’s parent booked $409.7 million in quarterly income largely from crypto investments, even as its stock remained more than 94% below its March 2024 peak.
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Crypto
OpenAI revenue hits $10 billion in Q3 as enterprise demand surges
OpenAI's rapid revenue growth underscores the increasing reliance on AI technologies by enterprises, influencing tech market dynamics significantly. The post OpenAI revenue hits $10 billion in Q3 as enterprise demand surges appeared first on Crypto Briefing.
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Crypto
Can crypto trust firms compete with banks in US derivatives settlements?
Crypto custodians are moving into a market handling billions in daily settlements, but regulatory relief and a shift in congressional control leave questions over their long-term role.
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Breaking
LNbits Releases 1.7.0 Urgent Security Update After November 8 Attacks Drain Funds
Bitcoin Magazine LNbits Releases 1.7.0 Urgent Security Update After November 8 Attacks Drain Funds LNbits released version 1.7.0 on November 10 as an urgent security update following active attacks that began November 8. Operators must upgrade before restarting servers as prior versions put funds at risk of theft. This post LNbits Releases 1.7.0 Urgent Security Update After November 8 Attacks Drain Funds first appeared on Bitcoin Magazine and is written by Juan Galt.
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Crypto
Across Protocol warns users to avoid app amid reports of drained wallets
The protocol is investigating a potential security incident affecting its domain, while several users have reported losing funds after interacting with the platform.
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