Lacey@GCS, Author at BillionDollarClub

TuesdayMar 18, 2025 9:00 am

As Tesla Sales Tumble, BMW Hopes to Take Advantage

Tesla, once the leader in the electric vehicle (EV) industry, is now struggling with falling sales. The situation has led to competitors like BMW to grow their share in the EV market. With a strong lineup of battery-electric vehicles (BEVs), new technology, and a strategy that includes different types of vehicles, BMW is positioning itself as a major player in the EV industry. Despite economic challenges, BMW’s EV sales are rising. In 2024, the company increased its BEV sales by 13%, with these cars making up 17% of total sales. Meanwhile, its MINI BEVs saw a 24% increase in sales…

FridayMar 14, 2025 9:00 am

Crypto Storage Tips in the Wake of the Hack on Bybit

The recent $1.5 billion hack on Bybit, one of the world’s largest crypto exchanges, has shaken the crypto community. This attack, the largest crypto heist in history, highlights serious security vulnerabilities in centralized exchanges. If you store your assets on an exchange, this incident should serve as a reminder to rethink how you store cryptocurrency safely. Bybit, like most major exchanges, secures funds using a multi-signature cold wallet system. The majority of its assets are kept offline, while smaller amounts are transferred to hot wallets for daily transactions. However, hackers found a way to bypass this security. The attackers compromised…

ThursdayMar 13, 2025 9:00 am

Report Warns That Crypto Deregulation in the US Poses Significant Risks

A new report from the Center for Political Accountability (CPA) warns that cryptocurrency companies are gaining too much political influence in the United States. The report highlights how these companies have increased their political spending while benefiting from reduced government oversight under the Trump administration. With Trump now actively supporting cryptocurrency, the report raises concerns about risks to investors, financial stability, and public trust. Cryptocurrency companies have become a major force in U.S. elections. In the 2024 election cycle alone, these companies spent more than $134 million on political contributions. Their financial influence was particularly strong in key races, such…

TuesdayMar 11, 2025 9:00 am

5 Trends Likely to Redefine Ecommerce in Years to Come

Ecommerce is changing fast. New technology, shifting consumer habits, and innovative business strategies are shaping the future of online shopping. As more people turn to digital platforms for their shopping needs, businesses must stay ahead of trends to remain competitive. Here are five key trends that are expected to redefine ecommerce in the coming years. Social Shopping Will Dominate Online Retail Social shopping is becoming a major force in online retail. Social media platforms like Instagram, TikTok, and YouTube are now more than just places to connect with friends. They have become shopping destinations where users can discover, review, and…

FridayMar 07, 2025 10:45 am

D-Wave Quantum Inc. (NYSE: QBTS), Staque Develop Hybrid Quantum Application to Optimize Autonomous Agriculture Vehicles

The companies expect the application to accelerate autonomy in agriculture, streamlining agricultural operations. The technology aims to enhance efficiency in large-scale farming by providing real-time optimization solutions. The initiative is part of a broader strategic partnership between D-Wave and Staque to accelerate commercial adoption of annealing quantum computing. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, and the first supplier of production-grade quantum computers, and Staque, a leading consulting and development practice in AI, blockchain and quantum computing, collaborated to develop a hybrid-quantum system designed to optimize the movements of autonomous agricultural vehicles…

FridayMar 07, 2025 10:00 am

UK to Launch Investigation into the Use of Children’s Personal Information on Video Sharing Platforms

The UK Information Commissioner’s Office (ICO) has launched a series of investigations into the handling of children’s personal information on social media and video-sharing platforms. The move targets three major platforms—TikTok, Reddit, and Imgur—raising concerns about data privacy, age verification, and exposure to inappropriate content for young users. Among the platforms under investigation, TikTok is facing particular scrutiny regarding how it collects and processes the personal data of users aged 13–17. The ICO is assessing how the platform’s recommendation algorithms use this information to serve content to young audiences. With increasing concerns about the influence of social media on children,…

ThursdayMar 06, 2025 10:00 am

Las Vegas Woman Used Dating Apps to Lure Older Men and Steal from Them

A shocking case of fraud and deception has emerged as authorities investigate a Las Vegas woman accused of using dating apps to lure unsuspecting men into a dangerous trap. Aurora Phelps, 43, is currently in custody in Mexico and faces multiple charges including wire fraud, identity theft, and even kidnapping. The FBI has described Phelps’ scheme as a “romance scam on steroids.” Using popular dating platforms such as Tinder, Hinge, and Bumble, she allegedly targeted older men, building trust before persuading them to meet her in Mexico. Once there, she reportedly drugged them with prescription sedatives, allowing her to steal…

TuesdayMar 04, 2025 10:00 am

Proposed Senate Bill Seeks to Combat Crypto Scams

Cryptocurrency ATMs are now a common sight at gas stations and grocery stores across the U.S. While they provide convenient access to digital currency, they have also become a tool for scammers—especially targeting older adults. Illinois Senator Dick Durbin has proposed the Crypto ATM Fraud Prevention Act to combat fraud and enhance consumer protection. The bill proposes new transaction limits to prevent large-scale scams. If passed, new users would be restricted to spending $2,000 per day and $10,000 over 14 days at crypto ATMs. Additionally, companies would be required to speak directly with new users attempting to conduct transactions over…

FridayFeb 28, 2025 12:20 pm

Forschungszentrum Jülich Becomes First High-Performance Computing Center to Own a D-Wave Quantum Inc. (NYSE: QBTS) Advantage System

Forschungszentrum Jülich scientists have already leveraged D-Wave's technology for research on protein folding, electron interactions and quantum physics. The Advantage™ system features over 5,000 qubits and 15-way connectivity, advancing quantum optimization research. The quantum system will be linked to JUPITER, Europe’s first exascale supercomputer, potentially enabling novel computational applications. The system will be upgraded to D-Wave’s next-generation Advantage2™ quantum processor when available, which D-Wave expects will deliver doubled coherence time, higher qubit connectivity and 40% improvement in energy scaling. The collaboration is anticipated to take the use of quantum technology to a new level, according to Prof. Kristel Michielsen, head…

FridayFeb 28, 2025 10:00 am

Big Tech, Crypto Start Seeing Electoral Investment Gains as Trump Makes Friendly Decisions

The millions of dollars that Big Tech and cryptocurrency firms used to support Donald Trump’s re-election campaign are now yielding substantial returns. Ever since he took office, the government led by Trump has rolled out a series of tech-friendly directives, among them being deregulation, lawsuit dismissals, and policy rollbacks that benefit major industry players. The current administration has adopted a hands-off regulatory approach, reversing many policies that previously sought to hold tech giants accountable. Among the biggest beneficiaries of these moves are artificial intelligence (AI), cryptocurrency, and social media firms, many of which contributed significantly to Trump’s campaign. The shift…

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Author: Lacey@GCS