Company

Resignation announced of Jai Patel, whose liquidated crypto firm was relaunched as Stack BTC this yearThe chief executive of a bitcoin company promoted by Nigel Farage has left his role as the venture attempts to convince investors that it is going to deliver “long-term value” for shareholders.Stack BTC was launched to much fanfare in March this year, with Farage and former chancellor Kwasi Kwarteng becoming some of its first shareholders. The company says its founder is Paul Withers, a friend of the Reform UK leader who owns a gold bullion company that Farage has also promoted, Direct Bullion. Continue reading...

Justin Sun said World Liberty Financial built a ‘backdoor blacklisting function’ that froze his account. ‘We have the truth. See you in court,’ the company respondedSign up for the Breaking News US email to get newsletter alerts in your inboxThe largest investor in Donald Trump’s crypto venture has claimed that the firm “secretly” implemented a tool to unilaterally freeze his holdings of its cryptocurrency. He claimed the company could do the same to any other user.In posts on social media platform X on Sunday, crypto entrepreneur Justin Sun said, without offering evidence, that World Liberty Financial had embedded what he described as a “backdoor blacklisting function” in the blockchain-based contracts used for the WLFI tokens. Continue reading...

TMTG drops defamation claim over report that prosecutors were investigating payments received as possible money launderingDonald Trump’s media corporation has dropped a defamation claim against the Guardian and two other defendants over a report that federal prosecutors were investigating $8m in payments the company received from entities with ties to Vladimir Putin as possible money laundering.A filing in the 12th judicial circuit in Sarasota county, Florida, on Friday confirms that Trump Media and Technology Group (TMTG), the parent company of the president’s Truth Social platform, was withdrawing its claims without prejudice, meaning it could refile the lawsuit at a later date. Continue reading...

Exclusive: Documents viewed by Guardian Australia reveal private prison contractor told staff ‘restraints must be used’ for all risk levelsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe American private prison company running Australia’s onshore immigration detention system has ordered that all detainees be handcuffed while travelling – regardless of whether they pose a risk – after a string of security lapses.More than a dozen escapes or attempted escapes have taken place since the Management and Training Corporation (MTC) began operating the immigration detention centres last March, having won a $2.3bn contract with the Department of Home Affairs. Continue reading...

• OpenAI testified in support of an Illinois bill that shields AI labs from liability for products causing 'critical harm,' including potential mass deaths or catastrophic financial losses. • The legislation is part of a broader industry push amid ramped-up state and federal AI enforcement, such as Florida's probe into OpenAI for potential criminal harm. • Similar liability-limiting measures are under consideration in at least three other states, according to policy trackers monitoring AI legislation.

Expert said federal law bars officials from taking actions in their jobs that benefit their own financial interestsA high-profile US defense department official who oversees the agency’s artificial intelligence efforts made a profit of up to $24m selling a private investment he held in Elon Musk’s AI company earlier this year, according to government ethics records released this month. The value of his stake totaled a maximum of a million dollars when he joined the department.Emil Michael, who is the Pentagon’s under secretary for research and engineering under the Trump administration, oversees negotiations with AI companies and has been pushing the defense department to rapidly increase the widespread use of AI. Continue reading...

• Shield AI, a U.S.-based developer of autonomous pilot platforms, secured $1.5 billion in Series G funding as part of a $2.25 billion capital package on April 4, 2026. • The round values the company at $12.7 billion, a 140% increase in one year, with its Hivemind platform selected by the U.S. military for defense applications. • This funding underscores surging investor confidence in AI-driven defense tech amid rising geopolitical tensions.