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for: Thursday, March 05, 2026



Crypto billionaire Justin Sun settles US fraud case for US$10 million

scmp - The US Securities and Exchange Commission has agreed to settle its civil fraud case against Chinese cryptocurrency entrepreneur Justin Sun, with one of Sun’s companies paying a US$10 million penalty, a court filing showed on Thursday.The SEC sued Sun and …

#crypto #government #business #finance #law #litigation #sec #crypto

31 hrs / scmp


Back to Top / Thursday, March 5, 2026, 5:21 pm / permalink 20234 / 5 stories in 30 hrs


Crypto-friendly fintech giant Revolut files for U.S. banking license

Francisco Rodrigues / coindesk - The license would allow the firm to operate like a traditional bank and gain direct access to payment networks like Fedwire and ACH.

#startups #fintech #banking #business #finance #jobs #us #payments #technology

41 hrs / sifted


Back to Top / Thursday, March 5, 2026, 8:21 am / permalink 20190 / 7 stories in 39 hrs


FIRSTPICK Launches €25M Fund To Support Early-Stage Baltic Founders

Kailee Rainse / startuprise - FIRSTPICK, a Vilnius-based first-check venture capital fund, has launched a new €25 million fund to invest in early-stage Baltic startups. The fund targets founders who don’t fit the traditional VC profile, welcoming entrepreneurs without FAANG experience…

#startups #vc #innovation #business #finance #europe #economy #eu

Back to Top / Thursday, March 5, 2026, 4:21 am / permalink 20176 / 4 stories in 43 hrs


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U.S. prepares strict export controls on AI accelerators, curbing foreign sales

U.S. authorities are drafting new export rules requiring government approval for certain AI accelerators before overseas sales, aiming to limit adversaries’ access to advanced chips. The Commerce Department confirmed a tough approach that stops short of prior proposals but signals significant restrictions, forcing vendors and customers to navigate fresh geopolitical red tape. More...


Pentagon labels Anthropic a supply‑chain risk; company vows legal fight

The Pentagon has designated Anthropic and its products as a “supply‑chain risk,” prompting the company to announce a court challenge. Experts warn the move could chill collaboration and talent flows into AI, while Anthropic insists it will contest the determination to protect its operations and customers. More...


Oracle and OpenAI scrap Texas data-center expansion; Meta eyes the spare capacity

Oracle and OpenAI have abandoned plans to expand a flagship Texas data center, leaving substantial compute capacity up for grabs. Nvidia reportedly brokered interest from Meta to take the unused slots as OpenAI downscales that particular buildout, a move that rattled markets and highlights shifting demand for large-scale on-prem AI infrastructure. More...


SoftBank seeks massive $40B loan to back OpenAI investment, courting big risk

SoftBank is reportedly seeking up to a $40 billion loan to finance its planned stake in OpenAI, an audacious use of leverage to double down on the AI boom. The move would be one of the largest single‑company financing gambits in recent memory, raising questions about balance‑sheet strain versus potential upside. More...


OpenAI launches Codex Security agent to automatically detect software vulnerabilities

OpenAI rolled out Codex Security, an AI agent that scans codebases to find complex vulnerabilities, suggests actionable fixes, and uses sandbox testing to limit false positives. The tool has already flagged issues in major projects and aims to compete with traditional application security tooling by automating deep, contextual code review. More...



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