Tether says it has $66.4bn in reserves, down from $82.4bn at the end of March as coin holders cash out amidst volatility in cryptocurrencies
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Bitcoin, Cryptocurrencies Wracked By Fresh Volatility
Bitcoin, other cryptocurrencies in sudden plunge following gradual recovery from June, when Bitcoin dropped 37 percent in a single month
Expert Questions Musk Twitter Bot Figures Amidst Legal Battle
Bot figure given by Elon Musk in legal battle over attempt to pull out of Twitter buy 'doesn't mean anything', says leading expert
FTC Investigates Amazon Prime, But Firm Hits Out At FTC Staff Conduct
E-commerce giant accuses Federal Trade Commission of harassing Jeff Bezos,and Andy Jassy, in probe of Amazon Prime service
Amazon Warehouse Staff In Upstate NY Seek Union Election
Workers in upstate New York Amazon warehouse file a petition to form a trade union, National Labor Relations Board confirms
Tesla Allowed To Continue Autonomous Driving Advertising In Germany
German court allows Tesla to continue referring to autonomous driving capabilities in its advertising, after industry body complaint
Google Defamation Ruling Overturned By Australian High Court
Notable intervention in Australian libel laws, after High Court overturns ruling against Google, over hyperlink to allegedly defamatory newspaper article
Snapchat Hits 1 Million Paid Users Amidst Weak Ad Market
Snapchat parent Snap says paid subscription service reaches 1 million subscribers as weak ad market prompts search for alternate revenue sources
Facebook Tests Default End-to-End Encryption For Messenger
Privacy move. Platform tests secure storage of people's chats on Messenger, in a move sure to provoke pushback from law enforcement
Elon Musk Wants Staff Names Of Twitter’s Bot Counters
Fight with Twitter, sees Elon Musk's legal team requesting names of those employees who calculate bot or spam account numbers
Former Twitter Executive Convicted Of Spying For Saudi Arabia
Spying scandal. Former Twitter executive found guilty in San Francisco courtroom of spying for Saudi Arabia and accessing account data
Meta Raises $10 Billion In Bond Offering
First ever bond offering sees Facebook parent Meta Platforms raise $10 billion, as it seeks to bolster finances, amid heavy Metaverse spending
Elon Musk Sells Tesla Shares Worth $6.9 Billion
Tesla CEO Elon Musk admits he could need the funds if he loses legal showdown with Twitter and is forced to purchase the platform
Facebook At Centre Of US Teenager Home Abortion Case
Court documents show Facebook provided police in the US state of Nebraska with a teenager's private chats about her at home abortion
WhatsApp Update To Allow Users To Leave Groups Silently
Privacy changes to WhatsApp. No more blanket notifications to a group if a user decides to exit the group chat, as well as other changes
Information Commissioner To Investigate Targeted Gambling Ads
Information Commissioner's Office examines complaint alleging gambling industry makes use of profiles to target gambling addicts
Deezer ‘Set For German Expansion’ After IPO Slump
Deezer to use funds from July IPO in Paris to expand into Germany in partnership with RTL as it seeks to replicate success in France and Brazil
Dorsey’s Block To Cut Expenditures After Crypto Loss
Jack Dorsey-led Block, formerly Square, to cut hiring and investment target after Bitcoin volatility and slowing consumer demand drives down profits
Tinder Ditches Metaverse, Digital Coin Plans As Investors Swipe Left
Tinder parent Match Group suspends plans to develop metaverse-based dating and Tinder Coins after announcing disappointing third-quarter expectations
Amazon Staff In Essex Halt Work Over 3 Percent Pay Rise
GMB Union claims 700 Amazon staff in Tilbury warehouse stopped work in response to a 3 percent (35 pence) pay rise from the firm
Twitter Labels Elon Musk’s Counterclaim ‘Factually Inaccurate’
Elon Musk's lawsuit counterclaims are “factually inaccurate, legally insufficient, and commercially irrelevant”, says Twitter
UK Parliament Shutters TikTok Account Over Security Fears
Fears over China's data collection law prompts UK Parliament to close down its TikTok account, after just one week of operation
Instagram Head To Relocate To London After Backlash
Head of Instagram Adam Mosseri to be based in Kings Cross offices, and will reportedly be seeking to hire more staff in the British capital
Bankrupt Celsius Network To Pay CFO $90,000 Per Month – Report
Cash strapped cryptocurrency lender Celsius Network wishes to bring back former CFO Rod Bolger and pay him $92,000 per month
Twitter Seeks Financial Evidence Against Elon Musk And Subpoenas Banks
Dozens of subpoenas issued by Twitter to a number of banks, to determine if Elon Musk allegedly conspired to scupper his $44bn deal
Alibaba Will ‘Strive’ To Maintain New York Listing
Alibaba says it will 'strive' to maintain its New York Stock Exchange listing after SEC adds it to list of Chinese companies facing delisting
SEC Charges Founders Of Crypto Group Forsage With Fraud
US SEC complaint says 11 associated with 'smart contract' firm Forsage, including founders, ran fraudulent pyramid and Ponzi scheme for more than two years
SEC Says Alibaba Could Be Delisted In New York
US financial regulator SEC says Chinese tech giant Alibaba at risk of delisting in New York over demand for compliance with US financial standards
Twitter Hikes Price Of Subscription Service
Twitter raises price of Twitter Blue service amidst revenue slump and uncertainty over suspended Elon Musk buyout, as it begins testing Status feature
Elon Musk Files Countersuit Against Twitter Over Deal
Delaware judge assigns 17 October start date for fast-tracked five-day trial as Twitter seeks to force Musk to follow through on deal