A suspected hack at Binance prompted cryptocurrency firms to freeze about $3 billion in assets, the company said on Thursday. The exchange, which described the situation as a “security issue,” has temporarily suspended deposits and withdrawals while it “conducts security checks, freezes funds, and works with law enforcement.” It vowed to cover all losses. “It…
Utah is bringing criminal charges against Kalshi and two of the company’s top executives, alleging they illegally profited from promoting and offering online gambling within the state. The prediction market platform, alongside CEO Tarek Mansour and chief operating officer Luana Lopes Lara, is facing 13 felony counts and one misdemeanor count, according to a recent…
{beacon} Technology Technology The Big Story Meta, Snap head back to LA court in social media addiction trial Social media giants Meta and Snap, the company behind Snapchat, are heading back to court this week for the latest trial in a lawsuit alleging their platforms were intentionally designed to be addictive for young users. …
Kalshi argued Tuesday that its VIP program and platform are “fundamentally different” from those offered by sportsbooks, after several Democratic lawmakers expressed concerns over loyalty programs at both prediction markets and sportsbooks. In a letter shared first with The Hill, the company suggested Kalshi Platinum has no “predatory incentives” because of its distinct business model.…
The Democratic Congressional Campaign Committee (DCCC) is pushing for advertising targeting Republican candidates over their record on AI and data centers in dozens of key House races, as technology-related issues take on new significance in the midterm elections. In a report shared first with The Hill, the Tech Oversight Project noted that House Democrats’ official…
Texas Attorney General Ken Paxton (R) sued OpenAI and its CEO Sam Altman on Friday, accusing the company of failing to warn consumers about the potential dangers from its AI models. The lawsuit alleges the ChatGPT maker is running afoul of a Texas consumer protection law and kids’ online safety law, underscoring warnings about the…
Tech mogul Elon Musk has spent more than $442 million in the midterm elections, after pouring another $76.8 million into his super PAC over the past month, campaign finance filings show. America PAC, which Musk launched during the 2024 elections, received the influx of cash from the SpaceX and Tesla CEO over the course of…
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