Governance
Top tech news stories today: June 13, 2024
Riot Platforms made a bid for Bitfarms. Apple introduced Tap to Cash, and Oracle’s cloud surged with AI. Samsung plans to expedite AI chip production, and South Korea’s Rebellions-Sapeon merger aims to challenge Nvidia. Crypto 1. Bitcoin miner Riot Platforms attacks takeover target Bitfarms over poi…
Headline
Riot Platforms made a bid for Bitfarms. Apple introduced Tap to Cash, and Oracle’s cloud surged with AI. Samsung plans to expedite AI chip production, and South Korea’s Rebellions-Sapeon merger aims to challenge Nvidia. Crypto 1. Bitcoin miner Riot Platforms attacks takeover…
Context
Riot Platforms made a bid for Bitfarms. Apple introduced Tap to Cash, and Oracle’s cloud surged with AI. Samsung plans to expedite AI chip production, and South Korea’s Rebellions-Sapeon merger aims to challenge Nvidia. Riot Platforms Inc. made a $950 million unsolicited offer to acquire Bitfarms Ltd. for $2.30 per share, in cash and stock, representing a 20% premium over Bitfarms’ pre-offer trading price. ( Bloomberg )
Evidence
Pending intelligence enrichment.
Analysis
Terraform Labs reached a $4.47 billion civil settlement with the SEC after defrauding cryptocurrency investors. The settlement includes $4.05 billion of disgorgement and a $420 million fine. (Yahoo!Tech) During its WWDC 2024 keynote, Apple unveiled Tap to Cash, a feature enabling secure Apple Cash transfers by holding two iPhones together. Apple Pay also received updates, including reward redemption and instalment loan access. ( The Fintech Times ) The IAB seeks nominations for the IETF liaison to the ICANN Board of Directors, closing on July 9, 2024. The two-year term starts in November 2024. Harald Alvestrand, serving since 2018, is willing to continue. ( IAB ) Oracle shares surged 9% on Wednesday, driven by strong demand for its cloud infrastructure services for AI applications. The company collaborates with OpenAI and Google Cloud to enhance its cloud infrastructure. ( Reuters )
Key Points
- Crypto
- 1. Bitcoin miner Riot Platforms attacks takeover target Bitfarms over poison pill
- 2. SEC reaches $4.47B settlement with now-bankrupt crypto firm Terraform Labs
- Fintech
- 3. Apple’s new tap to cash feature lets people pay by touching iPhones
Actions
Pending intelligence enrichment.
