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Digital Currency Revolution

400,000 Bitcoin: BlackRock’s Staggering Crypto Stash Fuels Speculation Over Market Control

Oct 27, 2024 22:17 pm UTC| Digital Currency Technology Business

BlackRocks Bitcoin accumulation has hit a landmark 400,000 BTC, totaling $27 billion in holdings after a recent acquisition of 34,085 BTC. This massive position raises questions about how BlackRocks deepening crypto...

Digital Currency Revolution

Shiba Inu’s Golden Cross Hopes Survive Market Slump: SHIB Eyes Major Price Rebound

Oct 27, 2024 22:02 pm UTC| Digital Currency Technology Business

Amid a steep market decline driven by macroeconomic and geopolitical strains, Shiba Inus SHIB token maintained its resilience, nearing the coveted golden cross. With bullish support at key price levels, SHIB shows...

Apple’s Bold Effort Rescues Engineer’s Grandmother from Ukraine Amid Conflict

Oct 27, 2024 19:14 pm UTC| Technology

Apple and CEO Tim Cook launched a coordinated effort to assist an Apple engineers grandmother in escaping Ukraine amidst the ongoing conflict. Involving security contractors, translators, and drivers, the operation led to...

Tesla’s 22% Stock Surge Wipes Out 2024 Short Seller Gains in a Single Day

Oct 27, 2024 19:06 pm UTC| Technology Business

Teslas market cap soared by $150 billion as the stock jumped 22% on October 25 following strong Q3 earnings, leading to a $3.5 billion loss for short sellers. The massive rally wiped out short sellers 2024 gains in just...

TSMC Halts Shipments to Chinese Firm After Chip Found in Huawei AI Processor

Oct 27, 2024 19:02 pm UTC| Technology

Taiwan Semiconductor Manufacturing Company (TSMC) has halted shipments to the Chinese chip designer Sophgo after a TSMC-manufactured chip was identified in Huaweis AI processor, ascend 910B, raising potential concerns over...

Ford, LG to Bring Mustang Mach-E Battery Production to Michigan, Eyeing IRA Tax Breaks

Oct 27, 2024 06:11 am UTC| Technology Business

In a major move for U.S. EV production, Ford and LG Energy Solution will relocate Mustang Mach-E battery manufacturing from Poland to Michigan by 2025. The shift aligns with IRA tax incentives, designed to encourage...

Digital Currency Revolution

Bitcoin: The Next Reserve Asset? Central Banks Encouraged to Adopt for Stability

Oct 27, 2024 05:52 am UTC| Digital Currency Technology Business

A new report from the Bitcoin Policy Institute suggests that Bitcoin could serve as a vital reserve asset for central banks. Economist Matthew Ferranti emphasizes that Bitcoins weak correlation with traditional assets and...

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Economy

Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals

Gold prices reversed early gains and moved lower during Asian trading on Thursday, pressured by a strengthening U.S. dollar and reduced demand for safe-haven assets. Investor focus has shifted toward upcoming central bank...

Thailand Inflation Remains Negative for 10th Straight Month in January

Thailands annual headline inflation rate stayed in negative territory for the tenth consecutive month in January, underscoring continued price pressures driven largely by lower energy costs and government measures aimed at...

Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off

Silver prices tumbled sharply during Asian trading on Thursday, leading a broad sell-off across the precious metals market and erasing most of the short-lived rebound seen earlier this week. The steep decline highlighted...

South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks

South Koreas efforts to stabilise its currency are facing a growing domestic challenge as retail investors continue to pour record amounts of money into U.S. stocks, driving strong demand for dollars while the won trades...

Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady

Federal Reserve Governor Lisa Cook emphasized the importance of protecting the central banks credibility by ensuring inflation returns to its long-term target, signaling continued caution on monetary policy despite recent...

Politics

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Trump Endorses Clay Fuller in Georgia Special Election to Replace Marjorie Taylor Greene

President Donald Trump has thrown his weight behind conservative prosecutor Clay Fuller in the upcoming Georgia special election to replace Marjorie Taylor Greene, signaling a major shift in the political dynamics of...

CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences

Hong Kong-based conglomerate CK Hutchison has initiated international arbitration proceedings against the Panamanian government after Panamas Supreme Court annulled licences held by its subsidiary, Panama Ports Company, to...

Trump Stays Neutral on 2028 GOP Successor as Vance and Rubio Emerge as Top Contenders

President Donald Trump has declined to take sides in early speculation over who could succeed him as the Republican presidential nominee in the 2028 election, as Vice President JD Vance and Secretary of State Marco Rubio...

U.S. Justice Department Removes DHS Lawyer After Blunt Remarks in Minnesota Immigration Court

The U.S. Justice Department has removed a government lawyer from a high-pressure assignment in Minnesota following blunt comments made in federal court about her workload and the governments failure to comply with judicial...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...

SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO

Elon Musks SpaceX is reportedly exploring ways to secure early inclusion in major stock market indexes ahead of its highly anticipated initial public offering, a move aimed at boosting liquidity and stabilizing its share...