Echo Base formed an ad hoc committee on Sept. 2 to represent BitMart customers whose assets are frozen after the crypto exchange announced its wind-down. The committee, which includes significant claimholders, is exploring bankruptcy, regulatory, and other recovery options after BitMart ignored a $10 million restructuring offer from Echo Base. BitMart initially planned a full shutdown but is now considering a phased reopening and creditor payouts, with a promised update due by Sept. 9. The committee is also evaluating potential court actions to protect customer asset rights, which remain legally unclear as no court has ruled on ownership of assets held through BitMart accounts.
Alphabet is predicted to announce that its Google Cloud division will achieve revenue growth exceeding 100% in its upcoming report on October 28. This significant growth highlights the expanding importance of cloud services in Alphabet's business str...
Chery Auto is showcasing its purpose-built Level 4 (L4) self-driving Robotaxi at its 2026 Global User Summit in Wuhu, China, and signing a strategic cooperation agreement with UAE-based company K2. The Robotaxi, designed from the ground up for autono...
Richard James Schueler, known as Richard Heart and founder of Hex and PulseChain, was arrested in Istanbul on October 14, 2026, for alleged cryptocurrency fraud totaling around $1 billion involving the US and Finland. The operation, led by Turkish au...
U.S. spot Bitcoin ETFs experienced net outflows totaling about $910 million over two weeks, turning October's net inflows of $293 million into roughly $615 million in net outflows. This reversal follows a significant $729 million withdrawal earlier i...
Databricks is expanding its office space at 5 Bryant Park in New York City to 120,000 square feet across five floors, aiming to grow its engineering and research teams. The company views Manhattan as a key hub for developing world-class AI, especiall...
