Crypto prices have rebounded following a significant dip earlier in the week, with bitcoin achieving a new peak for the year on Friday. According to Coin Metrics, bitcoin registered a 1.42% increase, reaching $37,862.76, a level not seen since May 2022. The cryptocurrency is poised to conclude the week with ...
Read More »October Marks a Rebound in Global Smartphone Sales Following Over Two Years of Decline
After experiencing a continuous decline for 27 consecutive months on a year-on-year basis, global smartphone sales saw a notable uptick in October, as revealed by data from Counterpoint Research. This resurgence was primarily driven by a recovery in emerging markets. The report indicates a 5% year-on-year growth in sell-through transactions, ...
Read More »White House Criticizes Elon Musk for Endorsing ‘Antisemitic and Racist Hate’
On Friday, the White House strongly condemned Elon Musk for endorsing what they termed as “Antisemitic and racist hate.” The criticism came in response to a statement by the Tesla CEO and owner of X Corp., where he expressed agreement with a social media post accusing “Jewish communities” of promoting ...
Read More »Web Summit CEO Steps Down Following Apology for Israel-Hamas War Remarks
Paddy Cosgrave, a well-known figure as the CEO and co-founder of the annual tech conference Web Summit, has taken a significant step by resigning from his post due to the backlash he received for his comments regarding the Israel-Hamas war. This incident also had far-reaching consequences, with major tech giants ...
Read More »Tether Locks Down 32 Crypto Wallets Holding $873,118 Linked to Terrorism and Conflict in Israel and Ukraine
In a press release issued on Monday, Tether announced the freezing of 32 virtual wallets associated with cryptocurrency-financed activities related to terrorism and conflicts in Israel and Ukraine. Tether, the issuer of the world’s largest stablecoin by the same name, revealed its ongoing collaboration with Israel’s National Bureau for Counter ...
Read More »Qualcomm Announces Reduction of Approximately 1,258 California Jobs
Recent filings with the California Employment Development Department reveal that Qualcomm is set to reduce its workforce by approximately 1,258 positions across two of its California offices. As of its last annual financial filing in September 2022, the company employed roughly 51,000 individuals, signifying that this reduction accounts for approximately ...
Read More »SEC Files Lawsuit to Compel Elon Musk’s Testimony in Twitter Investigation
On Thursday, the U.S. Securities and Exchange Commission (SEC) took legal action against Elon Musk, aiming to enforce his testimony regarding his acquisition of Twitter in the previous year. Legal representatives from the SEC asserted in a court filing, made public in the Northern District of California, that Musk did ...
Read More »Neuralink, Led by Elon Musk, Initiates Recruitment for Its Inaugural Human Trial
Elon Musk’s pioneering neurotechnology firm, Neuralink, has unveiled its plans to commence patient recruitment for its inaugural in-human clinical trial, as disclosed in an official blog post. This pivotal study, known as the PRIME Study, marks a significant milestone for Neuralink, having secured the green light from an independent institutional ...
Read More »Mastercard Cuts Ties with Binance Card in the Latest Setback for Crypto Leader
Binance, a cryptocurrency exchange facing various challenges, has experienced a reduction in its collaboration with payment card giants Mastercard and Visa. This occurrence underscores the increasing cautiousness of conventional financial institutions regarding partnerships with Binance. The exchange is currently under significant regulatory examination, and broader apprehensions about financial adherence within ...
Read More »Bitcoin Emerges from Two-Week Trading Stagnation amid Moody’s Downgrade Impact on U.S. Banking Sector
On Tuesday, cryptocurrencies experienced a collective increase in value, contrasting with the stock market’s performance. This shift coincided with the actions of ratings agency Moody’s, which placed the U.S. banking sector under scrutiny. Bitcoin made a gain of approximately 2.5% and was recently valued at $29,785.88, as reported by Coin ...
Read More »