Author: Emirates Insight

Bithumb CEO admited past mistakes following the latest 620,000 BTC blunder which has prompting further investigations into system flaws. South Korea’s financial authorities are facing criticism after failing to spot major flaws in Bithumb’s systems that led to an unprecedented Bitcoin error. Despite repeated inspections by the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), a vulnerability remained that allowed a single employee to trigger massive coin transfers without detection. Bithumb Crypto Mishap According to Rep. Kang Min-guk of the People Power Party, the FSC reviewed Bithumb once in 2022 and twice in 2025, while the FSS…

A new study published in Nature has found that X’s (formerly Twitter) algorithm – the hidden system or “recipe” that governs which posts appear in your feed and in which order – shifts users’ political opinions in a more conservative direction. Led by Germain Gauthier from Bocconi University in Italy, it is a rare, real-world randomised experimental study on a major social media platform. And it builds on a growing body of research that shows how these platforms can shape people’s political attitudes. Two different algorithms The researchers randomly assigned 4,965 active US-based X users to one of two groups.…

Coliseum Capital Management, LLC, an investment firm and a 10% Owner of Sonos (NASDAQ:SONO), disclosed the purchase of 647,210 shares in multiple open-market transactions between Feb. 12, 2026 and Feb. 17, 2026, valued at approximately $10.18 million, according to a SEC Form 4 filing. Metric Value Shares traded 647,210 Transaction value $10.2 million Post-transaction shares (indirect) 16,310,563 Transaction value based on SEC Form 4 weighted average purchase price ($15.73). How was the purchase structured, and which entities were involved?The acquisition was executed by Coliseum Capital Management and numerous affiliate entities. How does the transaction price compare to recent market levels?The…

Scrolling through Instagram or YouTube, it’s easy to assume content creation is a low-cost side hustle: Post a few videos, land a brand deal and watch the money roll in. But as more Americans test the waters as creators, many are discovering that earning online income comes with very real tax responsibilities. The IRS treats most influencers, streamers and creators as self-employed. That means taxes aren’t automatically withheld from payments, and the rules can be more complex than a traditional W-2 job. “Being self-employed introduces complexity compared to reporting W-2 income as an employee,” Richard Pianoforte, managing director of tax…

Here’s who has been buying and who has been selling throughout BTC’s most recent retracement. Bitcoin’s price movements since early October can safely be categorized as bearish, given the fact that the asset shed over 50% of its value from its all-time high to its multi-year low of $60,000 marked on February 6. Although it has recovered some ground since then, the cryptocurrency is deep in the red even on a year-to-date scale. Santiment investigated which investor group sold off during the months-long correction, and which increased their positions. Who’s Selling and Buying? The post from the analytics company…

Sorting the truth from AI-generated hallucinations is getting harder if you’re trying to find the truth in the latest news. That’s why it’s more important than ever to engage with news sources you trust. Startup Daily has been bringing you the latest and most important startup and tech news since 2012. And now, in one quick and easy step you can take to ensure Startup Daily – from the latest raises to founders sharing lessons they learned building great companies, and government tech policy, plus insights and advice from experts – is at the forefront of where you find the best…

Walmart Inc. (NASDAQ:WMT) is included among the 16 Best Dividend Stocks with Rising Payouts. Walmart (WMT) Gets Price Target Boost from Rothschild & Co Redburn on Digital Momentum Niloo / Shutterstock.com On February 17, Rothschild & Co Redburn raised its price recommendation on Walmart Inc. (NASDAQ:WMT) to $150 from $110. The firm reiterated a Buy rating on the shares. In a research note, the firm said Walmart’s digital initiatives could support 14% annual earnings growth through 2028. The analyst also said the company has “multiple levers” to drive that expansion, with AI offering additional upside over time. During Walmart’s Q4…

The United Arab Emirates‘ gross domestic product (GDP) expanded 5.1 percent year-on-year in the first nine months of 2025, reaching approximately AED1.4 trillion, Minister of Economy and Tourism Abdulla bin Touq Al Marri said on Friday. Growth was driven by a robust non-oil sector, which grew 6.1 percent during the same period to exceed AED1 trillion, according to data from the Federal Competitiveness and Statistics Centre (FCSC). The minister attributed the performance to the country’s shift toward a diversified, knowledge-based economy and a competitive legislative and business environment, in line with the “We the UAE 2031” vision, which aims to…

Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, reaffirmed the UAE’s commitment to advancing meaningful and effective global dialogue on artificial intelligence, in line with the leadership’s vision to harness advanced technologies in the service of societies and sustainable development. During a session titled “The Global Vision for Artificial Intelligence” as part of the AI Impact Summit hosted in New Delhi, Al Olama highlighted that the UAE’s co-chairing of the upcoming summit alongside Swaziland, as well as its hosting of the following edition, represents a strategic opportunity to strengthen international cooperation, ensure…

“In a space that is just completely flooded with bulls**t and with fakers and self-promoters, I think that has actually been a superpower.” Crypto venture capital firm Dragonfly Capital has closed its fourth fund at $650 million. The fund comes as the broader cryptocurrency market faces a severe downturn, with token prices declining and investor enthusiasm weakened. $650 Million Fund Dragonfly’s previous fund, its third, deployed $500 million into startups such as Polymarket, Rain, and Ethena. The new $650 million vehicle aims to continue that trajectory and will provide capital for the firm to pursue early-stage investments at a…