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Top tech news stories today: July 24, 2024

Fintech 1. US spot ether ETFs make market debut in another win for crypto industry U.S. exchange-traded funds (ETFs) tied to the price of ether enjoyed a strong debut on Tuesday, with $1.07 billion of shares changing hands in the products, according to CF Benchmarks, a digital asset index provider, …

AuthorTuna Tu

Reading Time3 min

PublishedJuly 24, 2024

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U.S. exchange-traded funds (ETFs) tied to the price of ether enjoyed a strong debut on Tuesday, with $1.07 billion of shares changing hands in the products, according to CF Benchmarks, a digital asset index provider, Bitwise Asset Management and traders. ( Reuters ) It was earlier reported that Google’s parent company Alphabet was in advanced talks to acquire the firm. Wiz CEO: ‘While we are flattered by offers we have received, we have chosen to continue on our path to building Wiz’. ( HAARETZ )

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Almost 10-12% of the Apple iPhones are imported each year into India and a 5% reduction in tax on the devices will result in a $35-50 million annual benefit to Apple. ( Business Standard ) After years of deliberation, Google’s “Privacy Sandbox” initiative announced it will not be phasing out third-party cookies from its Chrome browser. The cookies allow advertisers to collect user information. ( DW ) Apple is likely to introduce its foldable iPhone as early as 2026, the Information reported on Tuesday, that could mark the biggest hardware design revamp for the company’s most popular product. ( Khaleej Times ) General Motors’ Cruise self-driving unit will focus its development efforts on a next-generation Chevrolet Bolt as it indefinitely delays its planned Origin vehicle that would not have a steering wheel, the automaker said on Tuesday. ( MSN )