Coinbase Bets Big on Prediction Markets with New Acquisition
Coinbase is making a major push into prediction markets. The crypto exchange is acquiring The Clearing Company, a platform that lets users trade on real-world events.
Category: Business
Italy fines Apple $115M over “burdensome” App Store privacy rule
Apple has been fined €115 million (about $115M) by Italy’s competition authority. The regulator says Apple’s App Tracking Transparency policy created an “extremely burdensome” double-consent process that harmed developers while boosting Apple’s own ad business.
The Risky Debt Machine Fueling Nvidia’s AI Boom
A new report details how “neocloud” companies like CoreWeave are taking out massive loans using Nvidia GPUs as collateral, turning $1 of Nvidia investment into $5 of purchases. This creates a dangerous feedback loop that could crash if the AI boom slows.
The Commerce Predictions That Actually Came True
A look back at venture capital predictions for commerce reveals which forecasts actually materialized. The winners weren’t the flashy trends, but fundamental shifts in AI, resale, supply chains, and marketing driven by real problems and clear ROI.
AI in Accounting: 5 Surprising Shifts Coming by 2026
The accounting profession is on the cusp of a major AI-driven transformation. According to new analysis, the role of the accountant is set to evolve dramatically, shifting from number-cruncher to strategic advisor.
Europe’s Cloud Sovereignty Push Hits a Legal Wall
A handful of European public bodies are actively migrating away from US cloud infrastructure, driven by an irreconcilable legal clash between the US CLOUD Act and EU GDPR. Their efforts reveal a blueprint for sovereignty and the steep challenges of cutting the digital umbilical cord.
Tech Giants Warn Visa Workers: Don’t Travel, You Might Not Get Back
Major tech companies are scrambling as new U.S. visa screening rules cause appointment delays of up to a year. Internal memos warn H-1B holders that traveling could strand them outside the country for months.
Wall Street’s AI Blind Spot Is a Huge Red Flag
A new analysis shows Wall Street is obsessed with asking tech companies about AI but barely questions other S&P 500 firms. This disconnect is happening even as businesses spend billions on the tech, creating a risky information gap for investors.
Mercury Wants to Be a Bank. That’s a Big Deal.
Mercury, the FinTech serving over 200,000 companies, has officially applied to become a nationally chartered bank. The move, announced December 19, aims to provide greater stability and could reshape its competition with traditional banks.
Zuckerberg’s Charity Cuts Immigration Group Ties Under Trump
The Chan Zuckerberg Initiative has severed ties with the immigration advocacy group FWD.us, which Mark Zuckerberg co-founded in 2013. This follows a meeting between Zuckerberg and Trump adviser Stephen Miller and a series of policy shifts at Meta aligning with the new administration’s stance.