Governance

Top tech news stories today: June 21, 2024

Crypto 1. Gemini launches campaign finance initiative for pro-crypto candidates Gemini Exchange launches a campaign finance project to back pro-crypto candidates before the U.S. Presidential election. This follows substantial donations to former President Trump’s campaign by the Winklevoss twins, hi…

AuthorSylvia Shen

Reading Time4 min

PublishedJune 21, 2024

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Headline

Context

Gemini Exchange launches a campaign finance project to back pro-crypto candidates before the U.S. Presidential election. This follows substantial donations to former President Trump’s campaign by the Winklevoss twins, highlighting increased political involvement from the crypto industry amid regulatory scrutiny and political debates. ( Cointelegraph ) The CFTC is investigating Jump Trading’s crypto activities, though this doesn’t imply wrongdoing or pending charges. Jump has long been active in crypto and blockchain research. ( Yahoo!Finance )

Evidence

Pending intelligence enrichment.

Analysis

Singapore-based Silicon Box plans a $3.4 billion chip factory in Novara, Italy, focusing on advanced chiplet packaging. This government-backed investment aims to generate 1,600 direct jobs and enhance Italy’s tech industry appeal. ( Yahoo!Finance ) CDK Global, serving nearly 15,000 North American car dealerships, is experiencing a multi-day outage due to a cyberattack. The disruption has forced dealerships to revert to manual processes. ( The Verge ) YouTube is canceling subscriptions of users who used VPNs to obtain cheaper Premium rates in other countries, like paying $1.05 in Argentina instead of $13.99 in the US. ( The Verge ) Oracle will invest over $1 billion in AI and cloud computing in Spain over the next decade. This includes establishing a new cloud region in Madrid, their third in the city, in partnership with Telefonica España. ( Reuters )