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Friday, November 21, 2025
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What are stablecoins & why has their use increased?

Like all cryptocurrencies, stablecoins can be used for illicit activities such as money laundering, sanctions evasion, and fraud. Strengthening compliance measures is crucial.

Musk’s social media firm X bought by his AI company, valued at $33 billion

By Greg Bensinger (Reuters) -Elon Musk's xAI has acquired X in a deal that values the social media platform at $33 billion and allows the value of his artificial intelligence firm to be shared with

Trump pardons BitMEX co-founders, White House official says

(Reuters) -U.S. President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, a White House official said on Friday. In addition, former employee Gregory Dwyer and an

Musk’s xAI buys Musk’s X social media platform for $33 billion

By Greg Bensinger (Reuters) -Elon Musk's xAI artificial intelligence firm has acquired Musk's X, the social media outfit formerly known as Twitter for $33 billion. The all-stock deal announced on

FBI investigating cyberattack at Oracle, Bloomberg News reports

(Reuters) - The Federal Bureau of Investigation is probing the cyberattack at Oracle as the hackers broke into the cloud computing company's computer systems and stole patient data, Bloomberg News

CoreWeave valued at $23 billion in muted Nasdaq debut

By Echo Wang, Krystal Hu, Niket Nishant and Manya Saini (Reuters) -CoreWeave's shares closed flat after opening nearly 3% below their offer price in its Nasdaq debut on Friday, giving the

Exclusive-Blackstone mulls small stake in US TikTok spinoff, sources say

By Dawn Chmielewski, Katie Paul and Kane Wu (Reuters) -Private equity firm Blackstone is evaluating making a small minority investment in TikTok's U.S. operations, according to two people familiar

OpenAI must complete for-profit transition by year-end to raise full $40 billion

By Krystal Hu and Jaspreet Singh (Reuters) - OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank it is in the final stages of

Elon Musk must face fraud lawsuit over disclosure of Twitter stake

NEW YORK (Reuters) - A U.S. judge on Friday rejected billionaire Elon Musk's bid to dismiss a lawsuit claiming he had defrauded former Twitter shareholders by waiting too long to disclose his initial

Scale AI seeking valuation as high as $25 billion in potential tender offer, Business Insider reports

(Reuters) - Artificial intelligence startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it looks to capitalize on the booming demand for the technology,

On Camera

Trump’s 28 points for Ukraine add up to a no-go at peace

Two questions are pertinent: Why does the Trump administration keep making the same mistakes on the peace proposal? And what does a hurried peace plan mean on the ground?

At Charcha 2025: Local entrepreneurship, not just big IT, will drive next wave of distributed AI work

While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.

Tejas fighter aircraft crashes at Dubai Air Show, IAF confirms pilot’s death

This is the second such incident after a Light Combat Aircraft (LCA) Tejas had crashed into a hostel on the outskirts of Jaisalmer in March last year.

INDIA has a Congress-sized hole. And the fix begins with a little humility

Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.