Tesla says it will start selling Cybercabs by end of year
Tesla said Wednesday it will start selling its Cybercab to customers by the end of the year, even as federal regulators investigate whether the vehicle meets vehicle safety standards. The gold-hued, autonomous two-seater lacks a steering wheel and other traditional controls. During the company’s third-quarter earnings call, Lars Moravy, vice president of engineering at Tesla,…
Bitcoin ETF News: Switzerland Opens Retail Access as BlackRock Sees $665M Inflow
Switzerland has approved its first spot Bitcoin ETF for retail investors, opening another regulated route into Bitcoin just as BlackRock’s flagship fund attracts $665 million in daily inflows. The Swiss Financial Market Supervisory Authority (FINMA) announced the approval late yesterday, marking a milestone for the country’s crypto investment market. The fund will invest directly in…
JPMorgan Predicts Bitcoin Will Outperform US Stocks, Gold and Real Estate Over the Next Decade
JPMorgan Asset Management expects Bitcoin to deliver stronger long-term returns than US large-cap stocks, gold and real estate investment trusts, adding to the cryptocurrency’s growing recognition among traditional financial institutions despite persistent concerns about its volatility. The firm’s 2027 Long-Term Capital Market Assumptions project Bitcoin (BTC) to generate a 10% annualized compound return over the…
Australia Prepares to Sue Meta, TikTok Over Under-16 Social Media Ban
Australia is preparing legal action against Meta, TikTok, Snap, and Google over alleged breaches of its under-16 social media ban. Here’s what could happen next. The post Australia Prepares to Sue Meta, TikTok Over Under-16 Social Media Ban appeared first on TechRepublic. Source link
Trump to Address Foreign Crypto Scams at White House Event
Americans filed over a million internet scam complaints with the FBI last year, a 17% increase from 2024, and reported the highest losses. President Donald Trump will use a White House event on Wednesday to spotlight his administration’s efforts against foreign criminal networks that lure Americans into fraudulent crypto investments, a White House official…
Cathie Wood’s ARK Sees Tesla at $4,400 With $225B AI Spending Forecast
Key Takeaways ARK expects robotaxis to contribute 80% of Tesla’s enterprise value in 2031. Its $4,400 target is about 1,039% above the Oct. 21 close. The model incorporates share dilution from Musk’s stock-based compensation. AI Spending Assumptions Support the $4,400 Tesla Forecast Cumulative AI infrastructure spending at Tesla would rise from approximately $7 billion at…
Robert Downey Jr. joins Snap’s Specs AR glasses business
Robert Downey Jr. spent years playing a tech billionaire who could summon digital displays with a wave of his hand. Now, his latest role brings a little of Tony Stark’s world to life. The actor has joined Specs, Snap’s augmented reality glasses business, as its honorary chief customer experience officer. Announced Oct. 20, the partnership…
Stablecoin shopping draws gacha pitch as SP3ND plans randomized purchases
Stablecoin shopping has drawn a pitch for randomized retail purchases after Peter of 1kx predicted a $10 billion-plus business opportunity and Josip Volarević described SP3ND’s work on a gacha buying experience. Summary SP3ND’s published rules require identity checks for orders worth $10,000 or more. Josip Volarević described randomized shopping as development work, without providing a…
Mark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure
Meta CEO Mark Zuckerberg has agreed to keep living in Silicon Valley for eight years, potentially exposing himself to billions of dollars in one-time taxes if California voters approve a contentious ballot measure next month, according to a company regulatory filing released Wednesday. During a dinner with Meta board members on September 9, Zuckerberg informed…
J.P. Morgan Projects 10% a Year for Bitcoin: The Bank’s Own Bear Case Points to $25,000
J.P. Morgan Asset Management projected a 10% annual return for Bitcoin over the next decade in its 2027 Long-Term Capital Market Assumptions, published on Monday, October 19. This is the first time the 31-year-old report has put a number on BTC USD. Michael Saylor read it as Wall Street doing the math. The bank’s own…
