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3 Jun 2026, 01:38
Meta retreats on employee mouse-tracking after weeks of staff revolt
Meta is pulling back parts of its controversial plan to record employee mouse movements and keystrokes for AI training. The retreat was disclosed on Tuesday in an internal memo by Stephane Kasriel, a vice president in Meta’s Superintelligence Labs. It follows a protest campaign that saw employees circulate petitions, post physical flyers in conference rooms and on vending machines, and openly compare the company to an “Employee Data Extraction Factory.” How the protest unfolded at Meta The monitoring program was initially launched by Meta on April 22 by loading the software into the laptops of U.S.-based employees, enabling it to track the movements of the mouse, clicks, and keystrokes. It emphasized that such a program is vital in training AI agents to complete computerized tasks independently. “If we’re building agents to help people complete everyday tasks using computers, our models need real examples of how people actually use them,” a Meta spokesperson said. Across the Atlantic, UK-based Meta employees have begun organizing with United Tech and Allied Workers (UTAW), a division of the Communication Workers Union. Speaking against the move by Meta, an organizer with the UK-based United Tech and Allied Workers union (UTAW), Eleanor Payne said: Meta’s workers are paying the price for management’s reckless and expensive bets. They are facing devastating job cuts, draconian surveillance, and the cruel reality of being forced to train the inefficient systems being positioned to replace them. Employees were not given the option to opt out, which fueled privacy concerns and raised fears they were training AI systems designed to eventually replace them. The backlash escalated quickly, with flyers appearing across multiple U.S. offices, in meeting rooms, on vending machines, and in restrooms. The pamphlets directed colleagues to an online petition opposing the rollout. Both the flyers and petition cited the National Labor Relations Act, noting that workers are legally protected when organizing to improve working conditions. Hundreds of employees also voiced opposition on internal channels, according to a New York Times report. The pushback worked, as Meta makes changes Employee anger at AI-driven restructuring has been common across the tech industry in 2026. But what has not been commonplace is concessions. As Cryptopolitan reported in March, more than 30,000 tech jobs were cut in early 2026 as companies including Amazon, Meta, and Crypto.com cited AI efficiency, with Meta alone eliminating over 1,000 positions in its AI division. In most of those cases, worker objections made no difference. In this case, Meta staff pushed back and got a measurable result. The company did not cancel the program in its entirety, but it made adjustments. Stephane Kasriel said in the memo: While we remain confident in the privacy protections we put in place at launch, which went through several layers of risk review, we have heard your concerns about personal data on work devices, battery life, and wanting more control over when capturing happens Employees will now be able to pause the tracking software for up to 30 minutes at a time and request full exemptions from the program. The team also said it had optimized the software to reduce battery drain and home internet usage spikes, two complaints that had been raised repeatedly on internal company channels. As of the time of writing, Meta has yet to comment on the memo. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
3 Jun 2026, 01:23
UK stablecoin rules spark debate as strict requirements draw fire! What does the latest report reveal?
🚨 Tougher UK stablecoin requirements trigger industry pushback.Proposed rules on reserves and yield draw criticism for stifling $USDC rivals anchored to GBP.📊 The House of Lords committee urges pragmatic, growth-oriented regulation. Continue Reading: UK stablecoin rules spark debate as strict requirements draw fire! What does the latest report reveal? The post UK stablecoin rules spark debate as strict requirements draw fire! What does the latest report reveal? appeared first on COINTURK NEWS .
3 Jun 2026, 01:22
Cardsmiths' New America250 Trading Cards Have Real Bitcoin, Dogecoin Up for Grabs
Cardsmiths’ latest Currency trading card series tackles American history—and some packs include codes for real Bitcoin, Ethereum, and more.
3 Jun 2026, 01:20
Standard Chartered: Strategy’s Bitcoin Sale Signals Start of Major Ethereum Outperformance
BitcoinWorld Standard Chartered: Strategy’s Bitcoin Sale Signals Start of Major Ethereum Outperformance A Bitcoin sale by Strategy, the corporate treasury firm formerly known as MicroStrategy, marks the beginning of a structural market rotation in which Ethereum is poised to significantly outperform Bitcoin, according to a new analysis from investment bank Standard Chartered. Analyst sees structural reversal in ETH/BTC ratio Geoffrey Kendrick, Standard Chartered’s head of digital asset research, told CoinDesk that Ethereum has already demonstrated relative strength, gaining more than 5% against Bitcoin since news of the sale became public. Kendrick views this as the early stage of a more lasting shift in investor sentiment and capital flows. He predicts the ETH/BTC ratio will rise to 0.04 by the end of this year, a level that implies Ethereum would need to outperform Bitcoin by at least 40% from current levels. The ratio, which measures the price of Ethereum relative to Bitcoin, has been in a prolonged downtrend for much of the past two years. What the Strategy sale means for the market Strategy has been the largest publicly known corporate holder of Bitcoin, and any sale of its holdings is closely watched by institutional investors. The firm’s decision to reduce its Bitcoin position has been interpreted by some market participants as a signal that capital may rotate into alternative digital assets, particularly Ethereum, which offers additional utility through smart contracts and decentralized applications. Standard Chartered’s analysis suggests that the sale is not merely a one-off event but a catalyst for a broader reallocation. Kendrick noted that the move could encourage other large holders to reconsider their allocations, potentially accelerating the rotation. Implications for crypto investors For investors, the key takeaway is that the traditional dominance of Bitcoin in institutional portfolios may be facing its most serious challenge in years. If the ETH/BTC ratio reaches 0.04 as predicted, it would represent a significant reversal of the trend seen since the 2022 bear market, when Bitcoin consistently outperformed Ethereum. The analysis also underscores a growing divergence in how the two largest cryptocurrencies are valued. Bitcoin is increasingly viewed as a store of value and inflation hedge, while Ethereum’s value proposition is tied to its role as a foundational layer for decentralized finance, tokenization, and other blockchain applications. Conclusion Standard Chartered’s call adds a major institutional voice to the growing narrative that Ethereum may be entering a period of structural outperformance relative to Bitcoin. While the prediction depends on continued market rotation and broader adoption of Ethereum-based applications, the initial reaction to Strategy’s sale provides early evidence that capital is beginning to shift. Investors should monitor the ETH/BTC ratio closely in the coming months as a key indicator of this trend. FAQs Q1: Why does Standard Chartered believe Ethereum will outperform Bitcoin? The bank’s analysis points to Strategy’s Bitcoin sale as a catalyst for a structural rotation. Ethereum has already gained over 5% against Bitcoin since the sale, and analyst Geoffrey Kendrick sees this as the start of a lasting shift in capital flows toward Ethereum. Q2: What is the ETH/BTC ratio and why does it matter? The ETH/BTC ratio measures the price of one Ethereum in terms of Bitcoin. A rising ratio means Ethereum is outperforming Bitcoin. Standard Chartered predicts the ratio will reach 0.04 by year-end, implying at least 40% outperformance. Q3: Is this prediction guaranteed to happen? No. The prediction is based on current market signals and institutional analysis. Market conditions, regulatory changes, and broader economic factors could alter the trajectory. The prediction should be viewed as an informed outlook, not a certainty. This post Standard Chartered: Strategy’s Bitcoin Sale Signals Start of Major Ethereum Outperformance first appeared on BitcoinWorld .
3 Jun 2026, 01:14
Bitcoin Price In Freefall As Panic Sweeps Through The Market
Bitcoin price started a fresh decline below the $70,000 zone. BTC is consolidating and might continue to move down if it dips below $66,000. Bitcoin failed to stay above $70,500 and extended losses. The price is trading below $70,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $67,500 and $68,500 levels. Bitcoin Price Nosedives Bitcoin price failed to stay above the $72,000 support zone . BTC remained in a bearish zone and extended losses below the $70,500 level. There was a move below the $70,000 level. The price even dipped below $67,200. A low was formed at $66,111 and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $74,070 swing high to the $66,111 low. Bitcoin is now trading below $70,000 and the 100 hourly simple moving average . If the price remains stable above $66,000, it could attempt a fresh increase. Immediate resistance is near the $68,000 level. There is also a bearish trend line forming with resistance near $68,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $68,500 level. A close above the $68,500 resistance might send the price further higher. In the stated case, the price could rise and test the $70,000 resistance and the 50% Fib retracement level of the downward move from the $74,070 swing high to the $66,111 low. Any more gains might send the price toward the $71,500 level. The next barrier for the bulls could be $72,000. Downside Acceleration In BTC? If Bitcoin fails to rise above the $70,000 resistance zone, it could start another decline. Immediate support is near the $66,200 level. The first major support is near the $66,000 level. The next support is now near the $65,000 zone. Any more losses might send the price toward the $64,200 support in the near term. The main support now sits at $63,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $66,000, followed by $65,000. Major Resistance Levels – $68,000 and $70,000.
3 Jun 2026, 01:13
Bnb transaction fees fall below $0.01 after four upgrades
🚀 BNB Chain transaction fees fell below $0.01 after four protocol upgrades. Block time is now down to 0.45 seconds, boosting daily activity to record highs at 31 million transactions. 🔥 Over $1 billion worth of BNB was burned in Q1 2026 through the BEP-95 system. 💡 Real world assets and stablecoins like $BNB are fueling ecosystem growth. Continue Reading: Bnb transaction fees fall below $0.01 after four upgrades The post Bnb transaction fees fall below $0.01 after four upgrades appeared first on COINTURK NEWS .
