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Stablecoin company Rain said on Friday it raised $250 million in a Series C funding round led by ICONIQ, valuing the firm at $1.95 billion, as investor appetite for crypto-related businesses continues to strengthen. Stablecoins — cryptocurrencies pegged to assets such as the U.S. dollar — have gained traction among consumers, investors and major financial […]
The U.S. Commerce Department said on Friday it has dropped plans to impose new restrictions on Chinese-made drones aimed at addressing national security concerns, stepping back from a proposal that followed an earlier crackdown on passenger cars and trucks. The decision comes after the Federal Communications Commission last month barred imports of new models of […]
Governments and regulators across Europe, Asia and Oceania have condemned — and in some cases launched investigations into — sexually explicit images generated by Grok, the chatbot developed by xAI and integrated into X. The backlash has intensified pressure on the platform to demonstrate how it prevents and removes illegal content. Late on Thursday, Grok […]