Technology of Business

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Binance hackers deploy 'never-before-seen' laundering tactics to hide $6.3bn theft

Hackers behind Binance's record $6.3 billion theft are using never-before-seen money-laundering techniques to hide stolen funds. Chainalysis identified automated systems obscuring asset movements, while North Korean actors are suspected. Markets have reacted sharply, with Bitcoin falling through ...

10 min read

Cryptocurrency Explained: A Guide to Bitcoin, Blockchain and Digital Assets

A comprehensive guide to cryptocurrency terminology, from Bitcoin and blockchain to exchanges and stablecoins, explaining how digital assets work and their role in modern finance.

7 min read

Binance Recovering Half of $6.3bn Stolen in Record Crypto Hack Linked to North Korea

Binance has secured $3bn of the $6.3bn stolen in a record cryptocurrency hack attributed to North Korean hackers. The exchange promises to cover all customer losses, though experts warn this may not be legally binding. The US Secret Service is working to trace and recover the remaining funds.

7 min read

Google's AI pivot costs $500bn in value as search ads falter

Alphabet's stock plummeted 12.6% after reporting that AI-powered search summaries are reducing ad revenue, erasing $500bn in market value. The company posted negative free cash flow exceeding $9bn as AI spending surges.

4 min read

Microsoft Reports $36.6bn Profit While Cutting 25% of Workforce

Microsoft reported quarterly profits of $36.6bn while announcing voluntary buyouts for 60,000 workers. The cost-cutting move reflects the tech giant's strategy to fund massive AI infrastructure investments amid investor scrutiny over spending sustainability.

3 min read

Musk's xAI Offers to Buy Homes in Mississippi Neighborhood if Residents Drop Noise Lawsuit

Residents of a Mississippi neighborhood face a choice: sell their homes to Musk's xAI company and drop a noise lawsuit, or stay and endure relentless gas turbine pollution. The company targets 418 homes in Colonial Hills.

8 min read

Jio's $3.2bn IPO Could End India's Era of Cheap Mobile Internet

Jio Platforms' $3.2bn IPO, India's largest share sale ever, could end the era of ultra-cheap mobile data that transformed the nation's digital economy. Analysts warn that listing could trigger tariff increases affecting millions of consumers.

6 min read

Anthropic's IPO Filing Reveals Five Striking Realities Behind AI's Biggest Debut

Anthropic's 335-page IPO filing reveals the AI company lost $80.7bn in the first half of 2026 but holds $131.6bn in cash. Five key insights: existential AI risks, massive losses offset by reserves, customer concentration, and promised benefits spanning healthcare to energy.

6 min read

Anthropic Files for Record Stock Market Debut, Valuation Expected to Exceed $1.8 Trillion

Anthropic has filed for a historic stock market debut expected to exceed $1.8 trillion in valuation, making it the first pure AI company to go public. The company reported $16.8 billion in quarterly revenue and plans to commit shares to a public benefit fund.

4 min read

Musk warns of 'guppy-level death' for AI cloud firms as lending freezes

Elon Musk warns that over 200 AI cloud infrastructure companies face collapse or consolidation as debt markets freeze lending to firms dependent on data centre revenue. SpaceX secured $40 billion in debt for chip purchases, though Bloomberg reports pricing discussions remain ongoing.

4 min read

Bradford launches £2m green vehicle fund for small businesses

Bradford Council has launched a £2 million fund to help small businesses and charities switch to zero-emission vehicles, offering up to £16,000 per heavy-duty vehicle and £4,500 for light-duty models as part of its Clean Air programme.

3 min read

Meta Shields Zuckerberg From California Billionaire Tax With Stock Deal

Meta has agreed a deal with Mark Zuckerberg allowing him to sell shares without losing control of the company if he needs to pay a tax bill under California's proposed billionaire wealth tax. The arrangement centres on a two-for-one stock split creating non-voting shares.

5 min read