Governance
Top tech news stories today: June 26, 2024
Samsung’s July 10 Unpacked event in Paris promises updates for Galaxy ecosystem, with anticipation high for the health-focused Galaxy Ring.
Headline
Samsung’s July 10 Unpacked event in Paris promises updates for Galaxy ecosystem, with anticipation high for the health-focused Galaxy Ring.
Context
FTX has received court approval to solicit creditor votes on a liquidation plan to repay customers in cash. Despite objections demanding higher repayments reflecting recent cryptocurrency value increases, the court ruled in favor of the cash-based plan. ( Yahoo!News ) Bitcoin (BTC) remains stable above $61,000 after a dip to $59,200. It is down 2% in the past 24 hours and 6% over the last week, with significant sell pressure due to Mt. Gox redemptions and miner sales. ( CoinDesk )
Evidence
Pending intelligence enrichment.
Analysis
Shopee agreed to modify its services in Indonesia following admissions of violating anti-monopoly rules. The changes, proposed after KPPU investigations, aim to comply with regulations and improve user experience. ( Reuters ) Waymo’s Waymo One autonomous ride-hailing service now serves all of San Francisco, expanding from Phoenix after strong demand with 300,000 sign-ups. ( The Star ) Rystad Energy forecasts a 300 terawatt-hour rise in U.S. power demand by 2030, akin to Turkey’s annual consumption, driven by data centres and electric vehicles. Despite grid vulnerability, plans for 237 GW of solar and 78 GW of wind capacity additions aim to sustainably meet this escalating demand. ( Aol. ) Reddit is updating its robots.txt file to block most automated bots from accessing its public data, requiring licensing agreements for commercial use and model training purposes. ( The Verge )
Key Points
- Crypto
- 1. FTX seeks creditor votes on bankruptcy wind-down payments
- 2. Bitcoin holds $61K after a brief nosedive
- Fintech
- 3. E-commerce firm Shopee to adjust services in Indonesia after antitrust violation
Actions
Pending intelligence enrichment.
