Crypto Mining Is Allegedly Causing Blackouts in Iran
Iran has faced major power blackouts in its capital, Tehran, and neighboring provinces throughout October and November. While officials cite various causes, crypto mining has emerged as a significant ...
How North Korea’s IT army scammed $88M from U.S. firms
A federal court in St. Louis indicted 14 North Korean nationals for their involvement in an extensive fraudulent scheme, utilizing false identities to pose as remote information technology workers for...
Adobe’s $400 million shortfall sparks Wall Street panic
Adobe shares fell 14% on December 12, 2024, after the company issued disappointing annual revenue guidance for 2025. Analysts had anticipated revenue of $23.8 billion, but Adobe’s forecast is approx...
Broadcom stock climbs 13%: The AI boom investors can’t ignore
Broadcom Inc. reported a record revenue of $51.6 billion for fiscal year 2024, driven by a 220% surge in AI revenue and a 51% increase in quarterly revenue. The company noted significant growth in bot...
