Three Arrows Capital has defaulted on a loan worth more than $670 million, failing to repay a loan of $350 million in the U.S. dollar-pegged stablecoin, USDC, and 15,250 bitcoin, worth about $323 million at today’s prices.
European Union (EU) regulators said on Saturday that metaplatform social media sites Facebook and Instagram will be investigated for allegedly violating online content rules related to child safety risks. The investigations could lead to hefty fines, according to the company.
In a regulatory filing, chip design software maker Synopsys said that the State Administration of Market Regulation (SAMR) will require regulatory approval before it can proceed with its acquisition of Ansys.
A British consortium, with funding from the UK government, has successfully tested what it calls "un-jammable" quantum navigation technology in flight.
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