CLAUDE
SAP Announces 2 Billion Euro Restructuring Plan Affecting 8,000 Jobs
SAP SE announces a major restructuring plan, allocating €2 billion to reorient 8,000 roles towards AI-driven business areas, in response to the rapidly evolving tech industry landscape.
IBM and SAP Partner to Enhance Consumer Industries with AI-Driven Solutions
IBM and SAP collaborate to revolutionize consumer industries using WatsonX AI, aiming to optimize supply chains, enhance retail operations, and achieve greener deliveries.
Coinbase Launches Crypto Transactions via WhatsApp, Telegram, and Other Messaging Platforms
Coinbase introduces a new feature in its Wallet app, allowing users to send crypto via WhatsApp, Telegram, and other platforms with no fees and instant settlement.
ProShares Unveils World's First Short Ether-Linked ETF
ProShares introduces ProShares Short Ether Strategy ETF (SETH), the world's first short ether-linked ETF, aiming to profit investors during ether price downtrends, reaffirming the firm's innovative approach.
U.S. Prosecutors Aim to Sideline Asset Recovery Talks in Bankman-Fried Trial
U.S. prosecutors in Samuel Bankman-Fried’s trial have urged the court to disallow any arguments concerning the recovery of misappropriated FTX customer assets invested in AI startup Anthropic. This development arises as Bankman-Fried's investment could now be of higher value, potentially affecting the recovery prospects for FTX customers amidst the ongoing bankruptcy process.
ProShares to Launch First Ether ETF and Blended Crypto Funds
ProShares is set to launch the first-ever ETF focused on ether, along with two blended ETFs that offer exposure to both bitcoin and ether, on October 2, 2023. These new ETFs aim to provide a more accessible and regulated avenue for investors to gain exposure to cryptocurrencies, without the need for a separate crypto custodian or wallet.
Former Banker Charged with Crypto Investment Fraud
Rashawn Russell, a former investment banker and registered broker, has been charged in federal court for defrauding investors with fake cryptocurrency investments and misappropriating funds to finance his lifestyle.
Federal Judge Refuses to Consolidate Class-Action Lawsuits Against FTX Exchange
A federal judge has denied a request to consolidate five proposed class-action lawsuits against the bankrupt crypto exchange FTX. The plaintiffs, including Julie Papadakis, Michael Elliott Jessup, Stephen Pierce, Elliott Lam, and Russell Hawkins, accuse former FTX CEO Sam Bankman-Fried and other executives of misappropriating assets. While all the plaintiffs are pursuing Bankman-Fried, the cases also involve various other defendants, including outside auditors and exchange promoters. The judge pointed out that not all defendants had the opportunity to respond yet, and there's no need to consolidate before hearing their side.
Sam Bankman-Fried's Lawyers Reach Agreement with Federal Prosecutors
Sam Bankman-Fried may still use non-encrypted texting and phone services, save WhatsApp, which he can use under supervision.
WhatsApp to Test Crypto Payments in U.S. by Using Novi Digital Wallet
WhatsApp is getting into the payments game with a new pilot test for sending and receiving cryptocurrency in its mobile app.