On Monday, Musk's social media platform "X" received reports of malfunctions from thousands of users in the United States and the United Kingdom. In the first outage, more than 21,000 people in the United States reported problems with the platform, and 10,800 people in the United Kingdom reported problems with the platform, according to the glitch-tracking website Downdetector.com. By about 2:30 a.m. Pacific time, the platform seemed to be back to normal. Overall, X was down for about 45 minutes...
On Monday, Musk's social media platform X received reports of malfunctions from thousands of users in the United States and the United Kingdom. In the first outage, more than 21,000 people in the United States reported problems with the platform, and 10,800 people in the United Kingdom reported problems with the platform, according to the glitch-tracking website Downdetector.com. By about 2:30 a.m. Pacific time, the platform appeared to be back to normal. Overall, X was down for about 45 minutes...
According to a series of recent patent applications filed by Ford and Toyota, the two automotive companies continue to lead the way in the development of blockchain-based automotive technologies. Together, Ford and Toyota filed at least 43 blockchain-related patents in the second quarter of 2024. Overall, fewer patents were filed in the industry in the second quarter than in the previous quarter. However, according to GlobalData...
The Federal Reserve and other regulators are preparing sweeping changes to a series of proposed bank capital base rules in an attempt to overcome industry backlash, according to people familiar with the matter.
Federal Reserve Governor Paul Waller said on Friday that the "time has come" to start a series of interest rate cuts this month, adding that he was open to the size and speed of the cuts. "If the data support a series of rate cuts, then I think a series of rate cuts is appropriate. If the data shows that a larger rate cut is needed, then I will also support it." Federal Reserve Chairperson Jerome Powell said at the annual meeting of global central banks two weeks ago that given the rise in infla...
Vice President Kamala Harris is pushing a wide range of economic proposals that would provide new tax breaks and lower the cost of living for Americans, aiming to address voters' top financial concerns.
MakerDAO has approved and implemented a series of proposals yesterday, including a proposal to reduce the size of WBTC collateral. Under the proposal, the Core Vault will reduce WBTC-A DC-IAM (maximum collateral) from 500 million to 0, WBTC-B DC-IAM (maximum collateral) from 250 million to 0, WBTC-C DC-IAM (maximum collateral) from 500 million to 0, WBTC-C DC-IAM (maximum collateral) from 500 million to 0, WBTC lending is disabled in SparkLend, and WBTC LTV is reduced from 74% to 0%. The proposa...
For all the unprecedented events of this year's US Presidential Election, donations have continued to pour into campaign coffers. Since his failed assassination attempt on Saturday, Mr. Trump has piled on billions of dollars, with Mr. Musk, the billionaire, pledging $45 million a month to a super-PAC focused on Mr. Trump's campaign in swing states.