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Report: 47% of traditional hedge funds have crypto investments, up from 29% in 2023; among who already invested in crypto, 33% plan for more by the end of 2024 (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg: Report: 47% of traditional hedge funds have crypto investments, up from 29% in 2023; among who already invested in crypto, 33% plan for more by the end of 2024  —  – That’s up from 29% last year, per new AIMA and PwC report  — Many traditional hedge funds are active in

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ByteDance confirms laying off hundreds of TikTok content moderators in Malaysia and plans to invest $2B in 2024 on trust and safety; sources: 700 were laid off (Norman Goh/Nikkei Asia)

Norman Goh / Nikkei Asia: ByteDance confirms laying off hundreds of TikTok content moderators in Malaysia and plans to invest $2B in 2024 on trust and safety; sources: 700 were laid off  —  KUALA LUMPUR — ByteDance, the parent company of social media platform TikTok, confirmed on Friday that it will be laying off hundreds

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AI is killing cloud sustainability

Sustainability was once a highly touted advantage in public cloud computing. Enterprises and cloud providers flaunted their green initiatives, promoting data centers powered by renewable energy that would reduce carbon footprints. This topic has quietly slipped off the radar in recent months. The culprit? The insatiable demand for artificial intelligence capabilities that is pushing the

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Ubuntu 24.10 ‘Oracular Oriole’ Released, Celebrating 20 Years of Ubuntu

Ubuntu 24.10 ‘Oracular Oriole’, the latest version of the popular Linux distro, introduces several enhancements including a revamped GNOME Initial Setup for ARM64 devices, updated file management features, and a more seamless experience with dialog boxes that adjust to aspect ratios. Celebrating Ubuntu’s 20th anniversary, this release also “offers a few touches for those who

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The FBI Secretly Created a Coin To Investigate Crypto Pump-and-Dump Schemes

The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets, the government revealed on Wednesday. From a report: The FBI’s Ethereum-based token, NexFundAI, was created with the help of “cooperating witnesses.” As a result of the investigation, the Securities and Exchange Commission charged three “market makers” and nine people

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