March 29, 2024
Loans

Intel awarded up to $8.5 billion from CHIPS Act, with loans available

The money will help “leading-edge semiconductors made in the United States” keep “America in the driver’s seat of innovation,” U.S. Secretary of Commerce Gina Raimondo said on a call with reporters. Intel and the White House said their agreement is nonbinding and preliminary and could change. Intel has long been a stalwart of the U.S.

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Crypto

Crypto VC funding climbs for first time in 2 years after bitcoin rally

Jonathan Raa | Nurphoto | Getty Images It’s a welcome stat for crypto entrepreneurs who’ve been bruised by the last couple of years of the so-called “crypto winter,” which made it much harder for founders to raise money. Venture funding for crypto firms slumped significantly in 2022 after a rise in interest rates from major

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Investors

Meta shares surge 17% in premarket trade as investors cheer first-ever dividend

Sopa Images | Lightrocket | Getty Images Revenue jumped 25% in the fourth quarter for Meta, from $32.2 billion a year earlier. That’s the fastest rate of growth for any period since mid-2021, and comes amid a rebound in the online ad market. Meta’s net income more than tripled, to $14 billion from $4.65 billion

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Investment

Trimble announces share buyback, two new directors after Jana stake

The Trimble logo is displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Industrial technology company Trimble announced on Tuesday it would buy back up to $800 million worth of shares and add two directors to its board, just a few weeks after activist investor Jana Partners disclosed a stake

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Crypto

Crypto entrepreneur charged in $150 million scam

Authorities said they arrested Jicha and unsealed an indictment containing four charges against him — securities fraud and conspiracies to commit securities fraud, wire fraud and money laundering — after he entered the U.S. for the first time in more than five years on Dec. 23, heading to Miami for vacation. He was arraigned in

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Crypto

Winklevoss’ crypto exchange Gemini gets nod to launch in France

Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Joe Raedle | Getty Images Cryptocurrency exchange Gemini has been awarded crypto registration to launch its services in France, the company told CNBC exclusively. The firm, which was founded and is owned by twins

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Crypto

Bitcoin ETFs threaten Coinbase after stock rose almost 400% in 2023

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images While custody revenue presents a big growth opportunity for Coinbase in the near term, some industry analysts are concerned that the company’s core transaction business

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Crypto

Crypto ‘dark money’ lobbies as industry aims to influence 2024

Jtsorrell | Istock | Getty Images A new mysterious nonprofit group backed by the crypto industry has set up a mailing address about 100 miles away from Washington, D.C., and is making movies to exert power in the nation’s capital. The Cedar Innovation Foundation, a 501(c)(4) that was incorporated in Delaware in April, has launched

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Crypto

EU laws approved but US is top cop

Here’s the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. The U.S. has proven to be one of the most active enforcers of penalties and legal action against crypto companies this year, as authorities looked to counter bad practices in the industry

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