News & Articles By Sterling Ashworth
09/21/2026
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By Sterling Ashworth
Polymarket Faces Alleged $10M Stolen-Card Fraud; CFTC Said to Investigate
Polymarket US, the federally regulated prediction market operated by QCX LLC, became the target of a stolen debit-card scheme in February that involved at least $10 million in attempted illicit withdrawals and wagers, according to a Sept. 19 report by The Wall Street Journal. The $10 million figure refers to the attempted movement of funds […]
09/17/2026
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By Sterling Ashworth
Economists Warn AI Bubble Shows Late-Stage Signs
The Western world economy is mired in a “late-stage bubble” driven by a massive misallocation of capital into artificial intelligence, according to an analysis by London-based research firm Capital Economics published this week and reported by Fortune. James Reilly, senior markets economist at Capital Economics, surveyed eight types of market indicators and found the vast […]
09/08/2026
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By Sterling Ashworth
Liquid Network Sidechain Targeted By Alleged White-Hat Hackers
The Liquid Network – a federated sidechain of Bitcoin founded by Blockstream – reported Sunday, Sept. 6 that purported white-hat hackers withdrew approximately 4,000 bitcoin from the federation wallet that backs its L-BTC token, according to reports. The stolen amount was worth about $320 million at the time of the transaction. The official Liquid Network […]
08/25/2026
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By Sterling Ashworth
Nvidia Price Hikes Hit Hyperscalers as Memory Costs Surge, Driving AI Infrastructure Inflation
Nvidia has informed its largest hyperscaler customers – including Microsoft, Google and Oracle – of a planned 15% price increase on Vera Rubin and Grace Blackwell processors, according to sources cited by Bloomberg. The increase, reported to take effect next year, is being driven by rising memory costs and supply constraints at Taiwan Semiconductor Manufacturing […]
08/16/2026
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By Sterling Ashworth
Bloomberg: Phoebe Gates Knew About Shopping App’s “Cookie Stuffing” Scheme
Phoebe Gates, daughter of Microsoft co-founder Bill Gates, was aware for months that her shopping startup Phia was collecting affiliate commissions on sales it did not generate, according to Bloomberg. Internal Slack messages and source code reportedly showed that the younger Gates and co-founder Sophia Kianni knew about the practice, known as “cookie stuffing,” before […]
08/16/2026
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By Sterling Ashworth
White House Allows TikTok on Government Devices, Reversing 2022 Ban
Federal employees can once again use TikTok on their government-issued devices, according to a Department of Justice (DOJ) memorandum released July 17 [1]. On Aug. 10, the Office of Management and Budget (OMB) issued a memorandum to heads of executive departments and agencies stating that “TikTok may be used on government devices,” according to The […]
08/15/2026
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By Sterling Ashworth
Chinese AI Models Outperform Restricted U.S. Systems in Bitcoin Security Work, Developers Say
Bitcoin developers and company leaders say they are relying on Chinese open-source artificial intelligence (AI) models because OpenAI and Anthropic restrict legitimate defensive security work, according to statements cited by Bitcoin Magazine. Rob Hamilton, CEO of Bitcoin self-custody insurance company AnchorWatch, said he was blocked from further analysis after integrating OpenAI’s trusted cyber program. “It […]
07/27/2026
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By Sterling Ashworth
Big Tech’s $1.65 Trillion in Off-Balance-Sheet AI Debt: A Closer Look at the Hidden Leverage
Alphabet, Microsoft, Amazon, Meta, and Oracle collectively carry $1.65 trillion in off-balance-sheet debt tied to AI infrastructure, according to a Nikkei study cited by The Next Web. That figure is roughly eight times what it was four years ago and exceeds the $1.35 trillion the five companies report on their balance sheets. The debt is […]
07/17/2026
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By Sterling Ashworth
Copper Crisis Deepens: IEA Warns of Acid Shortfall, Supply Cuts, and a 25% Deficit by 2035
The International Energy Agency’s Global Critical Minerals Outlook 2026 states that the short- and medium-term copper supply outlook has worsened considerably, driven by a copper supply shortage that threatens over 15% of global copper output produced via leaching. The Paris-based agency warned that the copper market faces a strong set of near-term challenges despite a […]
07/09/2026
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By Sterling Ashworth
Washington’s Trade Deficit Hit $77.6B in May Amid Increase of AI Component Imports
The U.S. Department of Commerce (DOC) reported on Tuesday, July 7, that the country’s trade deficit widened sharply in May 2026 – amid a surge of imports of semiconductors, computer accessories and other artificial intelligence (AI) components. Exports fell 3.2% while imports rose 3.3%, according to the report. The swing reflects strong U.S. demand for advanced electronics, particularly […]
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