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Block Ordered to Pay $120M CFPB Restitution for Cash App Fraud Failures
Block must pay $45M to states and $75M-$120M to Cash App users via CFPB restitution for fraud failures, account security gaps, and inadequate customer support.
Hong Kong Court Convicts Tiananmen Vigil Organizers on August 21
Hong Kong court convicts Lee Cheuk-yan and Chow Hang-tung of inciting subversion for organizing Tiananmen vigils. Both face up to 10 years in prison. Sentencing delayed to next week.
Origin Energy Data Breach Exposes 900,000 Australians’ Details on August 22
Origin Energy confirms 60 customers had full bank account numbers stolen in July 2 breach affecting 900,000 Australians. Company enhances security and works with federal police.
Bitcoin Price Today: BTC Soars 8% to $74,982 as Crypto Rally Explodes; Ethereum, XRP Surge
Bitcoin surged 8% to $74,982 on Friday, August 21, 2026, extending a powerful weekly rally. The cryptocurrency has now climbed nearly 20% since Monday, fueled by a surprise US Treasury policy shift. Ethereum jumped toward $2,300, gaining roughly 18% in 24 hours, while XRP surged past $1.25. Total crypto market capitalization reached $2.56 trillion, up…
AI Investment Gets Boost as South Korea Plans New Fund From Chip Boom
South Korea is looking to turn its semiconductor boom into a new source of AI investments. On August 21, 2026, the government announced plans for a Future Response Fund that would use excess tax revenue from the chip industry to support AI and other future technologies. Local media estimates put the potential size of the…
Tech Stocks to Watch: Alphabet Lifts 2026 Capex Forecast to $195B-205B
Alphabet is spending more to keep up with demand for artificial intelligence. On July 22, 2026, the Google parent raised its 2026 capital expenditure forecast to $195 billion-$205 billion, up from $180 billion-$190 billion. The increase comes as Google Cloud revenue jumped 82% to $24.8 billion in the second quarter. As AI demand drives higher…
5.3 Million Australians Get Centrelink Boost From September 20
More than 5.3 million Australians will receive higher Centrelink payments from September 20, 2026, including pension, JobSeeker, and Youth Allowance increases. Deeming rates also rise.
French Rafale Intercepts Russian FSB Command Plane Over Baltic Sea on August 20
French Rafale fighters intercepted a Russian Tu-214PU command aircraft over the Baltic Sea during NATO’s air policing mission. The aircraft, used by FSB leadership, was equipped with advanced defensive systems.
Jennifer Hegseth’s Pentagon Role Sparks Controversy on August 20
Jennifer Hegseth, Defense Secretary Pete Hegseth’s wife, has become his most influential Pentagon adviser, attending sensitive meetings and helping shape press policies. Former Pentagon officials call her role unprecedented and concerning.