Bitcoin has rebounded above the $81,000 mark, extending a sharp recovery that has lifted the broader cryptocurrency market and triggered a strong rally in crypto-linked stocks. The world’s largest cryptocurrency climbed more than 5% on Friday, surging as high as $81,204, while shares of companies including Coinbase, Strategy and Robinhood posted double-digit or near-double-digit gains. […] The post Bitcoin Retraces Above $81,000 as Crypto-Linked Stocks Rebound Sharply appeared first on Tekedia.

Saudi Aramco has told at least two European refining customers that they will receive no Saudi crude oil next month, Bloomberg News reported on Friday, as an attack on the kingdom’s critical East-West pipeline disrupts established supply flows and forces refiners to search for replacement barrels. The development represents a further escalation of the disruption […] The post Aramco Cuts Crude Supplies to European Refiners After Saudi Pipeline Attack, Opening Opportunity for Dangote appeared first on Tekedia.

U.S. consumer prices accelerated in August, adding another layer of uncertainty to the country’s inflation outlook as households confronted sharply higher gasoline costs. The Consumer Price Index (CPI) rose 0.4% in August, following a 0.1% increase in July, while prices were 3.4% higher than a year earlier, according to the U.S. Bureau of Labor Statistics. […] The post U.S. Inflation Reaccelerates in August as Gasoline Drives Consumer Prices Higher appeared first on Tekedia.

The layoffs at Uber are raising a broader question about the changing relationship between artificial intelligence and human work. Some former employees say AI had already begun playing a larger role in their day-to-day responsibilities in the period leading up to the cuts, suggesting that the technology was not simply an experiment at the edges […] The post Uber Layoffs Highlight Growing Concerns over AI’s Expanding Role in Daily Workflows appeared first on Tekedia.

The latest moves from OpenAI and Anthropic point to a deeper shift in artificial intelligence: the leading AI companies are no longer competing only to build smarter chatbots. They are building systems designed to organize professional work, understand specialized domains and execute increasingly complex tasks. OpenAI has launched Astra for Law, a legal-focused configuration of […] The post OpenAI Astra for Law vs Claude Projects: How AI Is Evolving Into Professional Workflows appeared first on Tekedia.

SK Hynix subsidiary Solidigm is considering building a NAND flash memory factory in the United States, with upstate New York emerging as a leading candidate, as pressure from the Trump administration pushes South Korean chipmakers to expand semiconductor production on American soil. Three people familiar with the matter told Reuters that Solidigm is evaluating the […] The post SK Hynix Considers US NAND Factory as Trump Pushes Korean Chipmakers to Reshore Production appeared first on Tekedia.

The launch of World Money marks another step in the evolution of stablecoins from crypto-native instruments into consumer-facing financial infrastructure. World, the digital-identity project developed by Tools for Humanity, a company co-founded by Sam Altman and Alex Blania, has begun rolling out the self-custodial financial application across more than 150 countries. The product combines stablecoin […] The post Sam Altman-Backed World Expands Stablecoin Payments With World Money appeared first on Tekedia.

OpenAI is offering robotics engineers base salaries of up to $500,000 a year as the artificial intelligence company accelerates efforts to build robots capable of operating in the physical world. The company now has 27 robotics-related positions listed on its careers page, up from 11 in May, according to a review by Business Insider. The […] The post OpenAI Offers Up to $500,000 Salaries to Engineers as It Expands Robotics Push appeared first on Tekedia.

Bitcoin has reclaimed the $80,000 level as the crypto market digests the Federal Reserve’s latest rate decision, with a sharp squeeze in bearish positions helping to accelerate the rebound. More than $218 million in crypto shorts were liquidated as Bitcoin strengthened, while several major altcoins recorded gains exceeding 20% during the day. The move highlights […] The post Bitcoin Holds $80K Despite Fed Rate Hike as Grayscale Downplays Policy Risk appeared first on Tekedia.

The U.S. securities market is entering a period in which the distinction between traditional finance and blockchain infrastructure is becoming increasingly difficult to maintain. On September 17, the Securities and Exchange Commission took a significant step toward that convergence, granting conditional, five-year exemptive relief to certain tokenized securities venues and liquidity providers. At almost the […] The post SEC Opens Five-Year Path for Tokenized Securities as Congress Reconsiders CLARITY Act appeared first on Tekedia.

We begin tomorrow at Tekedia Mini-MBA to solve the equations of markets: Great Company = Awesome Products + Superior Execution Innovation = Invention + Commercialization For the next twelve weeks, from Oriendu Market in Ovim to the trading floors of Wall Street, we will explore the mechanics of firms. Together, we will examine how businesses […] The post We Begin at Tekedia Mini-MBA to Solve the Equations of Markets appeared first on Tekedia.

Saudi Arabia has sold about 60 million barrels of crude from its Ras Tanura export terminal inside the Strait of Hormuz for loading through ship-to-ship transfers at Oman’s Sohar port this month and next, according to multiple trade sources cited by Reuters, providing Asian refiners with an alternative route for securing Saudi oil amid disruptions […] The post Saudi Aramco to Ship 60m Barrels of Gulf Crude Via Oman as Hormuz Disruptions Reshape Oil Flows appeared first on Tekedia.

The Bank of Japan raised its policy rate by 25 basis points to 1.25% on Friday, taking borrowing costs to their highest level since 1995, but a split decision and limited guidance on further tightening sent the yen sharply lower. The increase was widely anticipated, with nearly 90% of economists surveyed by CNBC expecting the […] The post BOJ Raises Rates to 1.25%, 31-year High, as Split Vote Sends Yen to Two-Week Low appeared first on Tekedia.

Data center developer Crusoe has raised $3.9 billion in a new funding round, giving the company a valuation of $30.9 billion and underscoring the enormous capital flowing into infrastructure needed to support the artificial intelligence boom. The eight-year-old company said Thursday that its Series F round was co-led by Atreides Management, Mubadala Capital and Valor […] The post Crusoe’s $3.9 Billion Raise Values AI Data Center Developer at $30.9 Billion appeared first on Tekedia.

JPMorgan analysts have argued that Bitcoin could receive more relative price support than gold if hedging demand around Bitcoin exchange-traded funds declines. In a recent research note led by managing director Nikolaos Panigirtzoglou, the bank highlighted differences in investor positioning between the two assets that could favor Bitcoin under the right conditions. Both Bitcoin and […] The post JPMorgan Says Bitcoin Could Gain Stronger Support Than Gold if ETF Hedging Eases appeared first on Tekedia.

Egypt’s bourse has granted a temporary listing to MNT Tech Holding for Financial Investments, the parent of fintech unicorn MNT-Halan, clearing the main regulatory hurdle before a Cairo debut. The EGX listing committee signed off at its 14 September meeting, covering issued capital of EGP160 million (about $3 million) split into 1.6 billion shares at […] The post MNT-Halan has six months to pull off Egypt’s biggest tech IPO appeared first on Tech In Africa.

Africa’s technology ecosystem is receiving fresh attention as new investments target artificial intelligence, entrepreneurship, and climate innovation. In South Africa, 22 On Sloane has unveiled an AI-focused platform alongside a $63 million startup fund aimed at supporting entrepreneurs and expanding opportunities for emerging technology companies. The initiative is expected to provide founders with greater access […] The post African Startups Gain Momentum as AI and Climate-Tech Investments Rise appeared first on Tech In Africa.