Top tech news today: November 18, 2024

1. US scales back cryptocurrency prosecutions

The Manhattan US Attorney’s office plans to reduce cryptocurrency cases, reflecting a shift in enforcement priorities amid evolving market conditions.

Source: Reuters

2. Top hedge funds embrace Bitcoin ETFs

Millennium, Capula, and Tudor add Bitcoin ETFs to their portfolios, signaling a growing institutional acceptance of cryptocurrency investments.

Source: Kalkine

3. El Salvador cheers Trump-powered Bitcoin rally

El Salvador’s crypto investors celebrate a Bitcoin rally driven by renewed enthusiasm following Trump’s return to the presidency.

Source: Economic Times

4. Bitcoin crosses $90K after Trump win

Bitcoin surges past $90,000, buoyed by optimism linked to Trump’s political resurgence and favorable market dynamics.

Source: Reuters

5. Larry Harmon charged in Bitcoin laundering case

US authorities charge Larry Harmon for laundering over $300 million in cryptocurrency through a darknet mixing service.

Source: The Verge

6. SEC clarifies state roles in crypto regulation

The SEC issues guidance outlining states’ roles in cryptocurrency oversight to streamline federal and local jurisdictional responsibilities.

Source: The Verge

7. Zopa eyes current account launch in 2025

UK fintech Zopa plans to launch current accounts in 2025 following a year of doubled profits, highlighting its expansion strategy.

Source: CNBC

8. Sift enhances fraud detection with new metrics

Sift unveils advanced metrics for its fraud detection tool, providing actionable insights for businesses to strengthen security strategies.

Source: FinTech Global

9. SocGen integrates stablecoin on XRP Ledger

French banking giant Société Générale launches its first stablecoin on the XRP Ledger, enhancing its blockchain-based payment capabilities.

Source: Finextra

10. RIPE NCC releases 2025 billing procedure

The RIPE NCC announces its updated billing procedure for 2025, introducing streamlined processes for its members across the region.

Source: RIPE NCC

11. SpaceX plans $250B valuation with tender offer

SpaceX plans a tender offer that could value the company at $250 billion, reflecting Musk’s ambition to expand its financial horizons.

Source: Investopedia

12. Exploration Company raises $160M for spacecraft

Europe’s Exploration Company secures $160 million to develop a rival spacecraft to SpaceX’s Dragon, advancing its space innovation goals.

Source: TechCrunch

13. T-Mobile suffers massive Chinese cyber breach

T-Mobile falls victim to a sophisticated cyberattack allegedly orchestrated by Chinese hackers, exposing critical telecommunications data.

Source: Wall Street Journal

14. MTN revenue impacted by Nigerian regulations

MTN Group’s service revenue sees a dip due to stricter regulatory challenges in Nigeria, affecting its operations in the region.

Source: Wall Street Journal

15. Swisscom and Ericsson launch private 5G network

Swisscom partners with Ericsson to launch a standalone private 5G network for enterprise customers, expanding their digital solutions.

Source: Capacity Media

16. Telcos join forces for Spanish network API lab

Spanish telecom operators collaborate on a new API lab to accelerate innovation in network services and optimize digital infrastructure.

Source: Telecoms

17. Which? sues Apple for $3B over iCloud lock-in

Consumer group Which? files a $3 billion lawsuit against Apple, claiming the tech giant locks users into iCloud services unfairly.

Source: Telecoms

18. FTC scrutinizes Microsoft’s cloud business practices

The US Federal Trade Commission investigates Microsoft’s cloud practices, with potential implications for competition in the industry.

Source: Computerworld

19. US finalizes $6.6B chips award for TSMC

The US government finalizes a $6.6 billion award for TSMC, advancing its semiconductor manufacturing capabilities as Trump prepares for a return to office.

Source: CNBC

20. Swiss tech firm brings blockchain to digital assets

Swiss firm SocGen brings a blockchain-based stablecoin to the XRP Ledger, enhancing cross-border payments with blockchain innovations.

Source: Finextra

Vionna-Fiducia Theja

Vionna Fiducia Theja

Vionna Fiducia Theja is a passionate journalist with a First Class Honours degree in Media and Communication from the University of Liverpool. A storyteller at heart, she delves into the vibrant worlds of technology, art, and entertainment, where creativity meets innovation. Vionna believes in the power of media to transform lives and spark conversations that matter. Connect with her at v.zheng@btw.media.

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