Author: News Room

By Anirban Sen, Supantha Mukherjee and Alexandra Alper NEW YORK (Reuters) – Saudi Aramco (TADAWUL:)’s digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about $3 billion, people familiar with the matter told Reuters on Friday. Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said, cautioning that a transaction is not guaranteed. Mavenir is working with investment bank Evercore on its talks…

EIP 7805 introduces enforced inclusion lists to prevent transaction censorship in Ethereum block production. Two entities currently control 95% of Ethereum blocks, raising centralization and censorship concerns. The upgrade shifts power from block builders to validators, enhancing Ethereum’s decentralization. The second largest blockchain, Ethereum (ETH), is facing concern over over centralization in block production, where two block producers control 95% of blocks. This centralization could result in probable transaction censorship utilizing sophisticated techniques in Maximal Extractable Value (MEV). The proposed Ethereum improvement proposal (EIP) 7805 aims to eliminate this problem and improve the blockchain’s censorship resistance. Centralization in Block Production…

Coding languages are a foundational element of any tech job, but not all are made equal.Python and SQL are among the most popular languages; C++ and Tableau are more specialized.Business Insider spoke with recruiters and tech workers to identify the top eight languages to know.Big Tech firms like Apple and Amazon have signaled a move away from the complicated coding language C++, but there’s still a place for engineers who know the coding language on Wall Street.Apple created Swift to replace its use of C++, the company’s primary coding language for its devices. Amazon recently awarded a Stony Brook University…

Interest in secondary passports for Americans has surged since Trump’s reelection.Global citizenship firms said clients are especially concerned about LGBTQ+ rights and the economy.They also said that they often see spikes in interest around elections.American interest in secondary passports has been on the rise over the last year — and global citizenship firms have reported another surge since Donald Trump’s reelection.”We are beyond busy at the moment,” Judi Galst, who manages global citizen firm Henley & Partners’ New York office, told Business Insider the day after the election.Phone calls and online inquiries to the firm were “constant” on the morning…

By Lawrence Delevingne and Carolina Mandl BOSTON/NEW YORK (Reuters) – As a money manager, Scott Bessent’s years of inconsistent performance have contributed to a nearly 90% decline in his hedge fund’s assets. Now, with some clients gone, he is scoring on perhaps his biggest bet yet: President-elect Donald Trump. Bessent spotted what he called an anomaly in the market: that political and market analysts were too negative on what a Trump victory would mean, according to a letter to clients in January seen by Reuters. His Key Square Capital Management put on bets that U.S. stocks and the dollar would…

By Dhara Ranasinghe and Tom Westbrook LONDON (Reuters) -Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. It has more than doubled in value this year and is up about 45% since Trump’s sweeping election victory on Nov. 5, which has also seen a slew of pro-crypto lawmakers being elected to Congress. The cryptocurrency’s gains though were more measured on Friday. After touching a fresh record high above $99,000, bitcoin pulled…

Mexican Peso ignores upbeat growth data as inflation dip hints at lower interest rates. INEGI reports Q3 GDP growth exceeding expectations and a drop in mid-month November inflation, suggesting room for Banxico to ease policy further. US economic data, including better-than-expected S&P Global Flash PMIs and UoM Consumer Sentiment, bolstered the US Dollar. The Mexican Peso retreats for the third straight day versus the US Dollar, although economic data suggests the country’s economy grew in the third quarter while inflation edged lower. However, upbear US data coupled with risk aversion boosted the USD/MXN higher, trading at 20.45, gaining 0.27%. In…

AILayer has revealed its groundbreaking partnership with CycleX. AILayer is a leading force in Web3 technology while CycleX is a pioneering platform specializing in Real-World Assets (RWA). this collaboration is a significant milestone in bringing blockchain innovation with real-world applications. 🤝 #AILayer is thrilled to announce our partnership with @CycleXTeam!CycleX is an innovative platform dedicated to RWA (Real-World Assets), offering a comprehensive suite of features, including real-time RWA market data, tokenized fund issuance, and advanced DEX trading.… pic.twitter.com/gUtsNOjSW5 — AILayer (@AILayerXYZ) November 22, 2024 CycleX’s renowned and advanced platform offers real-time RWA market data. It also provides tokenized fund issuance…

Planned Parenthood is preparing to fight the Department of Government Efficiency.Elon Musk and Vivek Ramaswamy want to use DOGE to cut federal spending.They named Planned Parenthood as something that could be targeted for cuts.Planned Parenthood is preparing to face off with Elon Musk’s Department of Government Efficiency after it identified the reproductive health provider as fat to be trimmed.Musk and his co-lead, former GOP presidential candidate Vivek Ramaswamy, have been laying out their plans for their federal budget-trimming effort in recent weeks. Musk and Ramaswamy said in an op-ed this week that they are eying everything from “$1.5 billion for…

Drake and Kendrick Lamar have exchanged nine diss tracks since “Like That” dropped in March.Hip-hop writers and critics favor Lamar in the feud, praising his songs as more persuasive.Lamar has extended his victory lap by surprise-releasing a new album, “GNX.”Drake and Kendrick Lamar were once considered collaborators, perhaps even friends.Both rappers lent features to the other’s 2011 albums (“Take Care” and “good kid, m.A.A.d city,” respectively) and even teamed up with A$AP Rocky for the 2012 hit “F**kin’ Problems.”Over the years, however, Drake and Lamar came to represent very different versions of hip-hop greatness: the former is a commercial juggernaut, racking…