Bitcoin (BTC), the world’s leading cryptocurrency, witnessed a price correction after brushing against a new all-time high earlier this week. As of March 12, 2024, it dipped below $69,000, following a 5.08% decline over the previous 24 hours. This comes shortly after Bitcoin briefly reached an astronomical peak of $69,000 on Wednesday, driven by investor … Read more
In a significant surge, Bitcoin, the world’s leading cryptocurrency, crossed the $71,000 mark earlier today, marking a new high. This comes with a 2.51% increase over the past 24 hours, according to data from Binance. This news comes amidst a positive trend for Bitcoin in recent weeks. Analysts attribute this rise to several factors, including … Read more
On March 5, 2024, millions of users worldwide were left frustrated and perplexed as Meta’s suite of services, including Facebook, Instagram, and Messenger, experienced a widespread outage. The disruption began at 11:30 AM US Eastern Time and persisted for several hours, affecting users across various regions. Meta, the parent company of these popular social media … Read more
The landscape of Artificial Intelligence (AI) is swiftly reshaping our digital interactions and work processes. Among the standout advancements in this domain is ChatGPT, an innovation by OpenAI, engineered to simulate human-like text generation while efficiently handling tasks such as information processing and query responses. Moreover, the influence of AI extends into the realm of … Read more
The news of Apple’s electric vehicle project, Project Titan, grinding to a halt sent ripples through the tech and automotive worlds. While the project’s cancellation undoubtedly signifies the end of a long-held dream for some at Apple, it’s crucial to understand that this decision doesn’t translate to a financial catastrophe for the company. Let’s delve … Read more
In recent months, China’s accelerated reduction of its holdings in U.S. Treasurys has raised eyebrows and ignited speculations about potential repercussions for the U.S. economy, with some analysts expressing concerns about the possible impact on the stock market. As of August, China’s stockpile of U.S. government debt reached its lowest level in 14 years, marking … Read more
In a significant turn of events, the iShares Semiconductor ETF (SOXX) has experienced a notable surge, climbing from $470 to $550 within the span of just one month. This unexpected upswing has resulted in substantial losses for renowned investor Michael Burry, who had previously taken a bearish stance on semiconductor stocks. Recent data reveals that … Read more
In a recent event that sent shockwaves across the tech and business spheres, Elon Musk, the outspoken entrepreneur behind Tesla and SpaceX, unleashed a profanity-laced tirade against advertisers abandoning the platform formerly known as Twitter, X. Musk’s impassioned outburst, laden with expletives, served as a stark warning, indicating potential peril for the social media giant … Read more
“Sam Bankman-Fried, the former billionaire in the crypto world, is adapting swiftly to the economic dynamics within New York’s Metropolitan Detention Center as he awaits sentencing on several felony charges including wire fraud and money laundering conspiracy related to his crypto exchange FTX. Engaging actively within the facility, Bankman-Fried has been utilizing food items to … Read more
Nvidia (NVDA) unveiled its third-quarter earnings post-market on Tuesday, surpassing Wall Street’s projections and maintaining the spotlight on artificial intelligence as a prime focus for investors. Earnings stood at $4.02 per share with revenue hitting $18.12 billion, outperforming analyst forecasts. Bloomberg data had anticipated earnings at $3.36 per share with revenue around $16.1 billion. Projections … Read more