President Trump is endorsing federal tax credits to support film and television production inside the United States. He reached the position after consulting actor Jon Voight, reports The Wall Street Journal. In a post on Truth Social, Trump says that tax incentives would offset their cost through increased economic activity and he calls for bipartisan …
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A ransomware group is posting files it says it stole from a Justice Department agency that investigates guns, explosives, and arson. The Bureau of Alcohol, Tobacco, Firearms and Explosives says it is aware of claims that records from its CALEA system are online. That system is used to collect phone and other communications records for …
A billionaire hedge fund chief has abruptly dumped the fastest-growing major U.S. stock of the year, while dramatically boosting his fund’s AI exposure. David Tepper’s Appaloosa sold every SanDisk share in the second quarter. At the same time, about 77% of the fund’s invested assets sat in companies where AI is a core growth driver. …
A pharmaceutical distributor is confirming unauthorized access to its cloud systems that resulted in data exfiltration. McKesson says it discovered the incident on August 25th, involving unauthorized access to third-party applications. The company says the affected data relates to a subset of customers in its oncology and multispecialty division as well as its medical-surgical unit. …
Crypto wallets linked to the OFAC-sanctioned Lazarus Group moved $30 million in digital assets through Hyperliquid, weeks after regulators said they were working on a path to introduce the exchange into US markets. Crypto wallet addresses linked to the North Korean state-affiliated hacker collective Lazarus Group moved $30 million in digital assets through the decentralized …
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The London bourse operator is seeking to offer 24/5 exposure to UK-based tokenized equities, as more TradFi institutions explore tokenized equities offerings. The London Stock Exchange (LSE) and cryptocurrency exchange Kraken are reportedly launching tokenized stock trading on the stock market operator’s new night-time trading venue. The LSE has partnered with Kraken’s parent company, Payward, …
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Five equity-backed notes issued through Luxembourg’s ORO II fund will trade against dollars, USDT and Bitcoin for eligible non-US investors. Bitfinex Securities, the tokenized investment platform associated with crypto exchange Bitfinex, has listed five tokenized notes giving eligible investors exposure to Strategy, Metaplanet and other publicly traded Bitcoin treasury companies. The trading platform announced that …
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Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, revisiting its earlier decision to restrict the framework to domestic issuance. The Monetary Authority of Singapore (MAS) is reconsidering its earlier restriction on stablecoins issued across multiple jurisdictions, proposing a route for some jointly issued tokens to qualify under its regulatory framework. MAS …
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Russia’s new digital asset law came into force on September 1, legalizing regulated crypto trading nationwide while capping retail investors at roughly $3,700 a year through licensed intermediaries. A Regulated Lane Opens News of the law’s start spread quickly earlier today. The legislation, formally Bill No. 1194918-8, cleared the State Duma in its second and …
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Binance, the largest exchange by traded volume, received over $15.7 billion in inflows in August, as bitcoin’s price and the crypto market valuations rebounded. The exchange dwarfed its competitors, managing to overshadow them by gathering over 75% of the digital assets ecosystem inflows. Binance Maintains Leadership, Registers Record Inflows In August As one of the …
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If you’re looking to the next CEO, John Ternus, for clues about how crypto asset-related strategy might change at the multi-trillion-dollar tech giant Apple, you need to look elsewhere too. August 31 is Tim Cook’s last day at the company as CEO, after serving in this position for 15 years and now moving into the …
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Vietnam is launching a national pilot framework to regulate crypto assets, focusing on real-world asset tokenization to attract foreign investment and spur economic growth. Framework and Foreign Access Vietnam is opening a new channel for capital raising and strengthening investor safeguards through a pilot framework for crypto assets, aligning with global trends as international markets …
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Meta is removing dozens of Facebook and Instagram advertisements that used sexually explicit material to promote malicious Android apps designed to steal banking credentials. The tech giant’s ad removal comes after the Indian government identified the scam pattern and after Reuters inquired about at least 39 of the scam ads that were still active, reports …
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The European Commission has placed ChatGPT, Reddit and Roblox under direct supervision, requiring each to assess and mitigate the risks its systems create within four months of notification of their designations. Breaches can cost 6% of global annual turnover. Why the Commission Classified ChatGPT as a Search Engine The European Commission designated ChatGPT, Reddit and …
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Grayscale expects artificial intelligence to intensify financial privacy concerns by making public blockchain activity easier to connect with real-world identities. The crypto asset manager says Zcash’s shielded transactions could gain importance as users seek stronger protections. Grayscale Predicts a Third Wave of Financial Privacy Demand Artificial intelligence could strengthen demand for Zcash privacy features as …
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