Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla’s deliveries fell more than expected in the first three months of this year, marking its worst quarter since 2022, as the electric-vehicle maker faced a consumer backlash in Europe and weak demand in China. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk is, among other things, the king of the related party transaction. Almost a decade ago, Tesla bought SolarCity, a clean energy start-up backed by Musk and his brother. Now, the tech billionaire is … Read more
A rogue actor operating from an Ethereum wallet ‘BornTooLate.Eth’ has engaged in a governance attack on UMA, a decision-making oracle used by Polymarket, to attack the outcome of a Ukraine-themed contract by becoming one of the largest holders of UMA tokens. UMA is a decentralized “optimistic” oracle protocol that resolves disputes in prediction markets by … Read more
A billion-dollar bank is warning customers after a cybersecurity breach affecting thousands of customers. In a filing with the Office of the Maine Attorney General, Western Alliance Bank says an unauthorized actor exploited a vulnerability in a third-party file transfer software system it uses. The breach, which was discovered in late January and happened in … Read more
Widening impact assessment The tj-actions developers had previously reported they could not determine exactly how attackers gained access to their GitHub personal access token. This new finding from Wiz provides the missing link, suggesting that the initial reviewdog compromise was the first domino in this cascading attack chain. Beyond the confirmed compromise of reviewdog/action-setup@v1, the … Read more
Ever since the Tesla Cybertruck launched, people have been putting the truck through its paces with hilarious, and often catastrophic, results. Tech YouTuber JerryRigEverything — mostly known for his smartphone durability test — put a Cybertruck through a different kind of test by loading the truck’s hitch up to its 11,000-pound tow limit to see … Read more
Major Cardano (ADA) whales sell their tokens intensely, creating investment anxiety during this period. Cardano’s price decline reached 14.6% to $0.93 because large investors shifted their capital towards Mutuum Finance (MUTM) which is experiencing rising success. The sales of Mutuum Finance (MUTM) tokens continue growing strong at current prices of $0.015 before confirmed future value … Read more
A billion-dollar bank says sensitive data belonging to thousands of customers is at risk of exposure following a major data breach. In a new filing with the Office of the Maine Attorney General, the Massachusetts-based lender Reading Cooperative Bank (RCB) says a phishing-related cyberattack is impacting 24,041 customers. The incident is believed to have occurred … Read more
Papa Johns (PZZA) , which is famous for its “Better Ingredients. Better Pizza. Papa Johns” slogan, is on a mission to revamp its business after it recently faced a slump in sales. In Papa Johns fourth-quarter earnings report for 2024, the pizza chain’s comparable sales in the U.S. declined by roughly 4% year over year during … Read more
Bitcoin’s (BTC) prolonged range play above $90K has concluded bearishly this week, and how? The 12.6% drop observed in the first three days of the week (per UTC hours) marks the largest decline since the FTX bankruptcy in November 2022, according to data from TradingView. The sell-off is consistent with CoinDesk’s analysis earlier this month, … Read more