It’s a big surprise. MicroStrategy, the company of Michael Saylor, one of the most fervent evangelists of Bitcoin, has sold the king of cryptocurrencies. The move was made recently, according to...
Tag: Technology
FTX Japan users will be able to start withdrawing funds from February
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images Japanese FTX users will be able to start moving their funds out of the collapsed cryptocurrency exchange starting in Februa...
Bahamas regulator seized $3.5 billion of FTX crypto assets
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency from collapsed crypto exchange...
BMW decides to incorporate blockchain technology for a loyalty program
Of late, it has been observed that many prime manufacturing companies were beginning to lean towards the overall NFT arena. Now, it is the turn of the absolute top-of-the-line car manufacturing compan...
Elon Musk Urges Tesla Workers Not to Worry About Share Price
Elon Musk told employees at Tesla not to worry too much about the company’s stock market dive over the past few days. “Don’t be too bothered by stock market craziness,” Musk wrote in an email to staff...
Cash Flow Will Be Key in 2023 for Ford, GM, and Tesla Investors
Headed into 2023, automotive investors have a lot to worry about including rising interest rates, vehicle affordability, car pricing, supply chains, inventories, and, of course, the possibilities of a...
BMW Revamps Operations With Blockchain Technology From Coinweb And BNB Chain
Coinweb, a layer-2 cross-chain computation platform, announced on December 29 that it has entered into a partnership with BMW to integrate blockchain technology into the automaker’s infrastructure in ...
Europe Web 3.0 Blockchain Market Report 2022: Featuring Web3 Foundation, Polygon Technology, Kusama Network & More – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Europe Web 3.0 Blockchain Market Size, Share & Industry Trends Analysis Report by Application, Blockchain Type, End-use (BFSI, IT & Telecom, Media & Entertainme...
The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.
This was the year the White House embraced the idea of mass student-loan forgiveness, but 2023 will likely be the year when borrowers will find out whether the policy will actually impact their wallet...
ChatGPT is called ‘an iPhone moment in AI,’ but will it make money like the iPhone?
ChatGPT is the latest product of artificial intelligence to take away Silicon Valley’s breath (and venture-capital investments), but it is also yet another AI advancement that has not proved its abili...
FTX used $200 million of customer funds for two venture investments
FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, 2022. Ed Jones | AFP | Getty Images Of the billions of dollars in customer deposits that disappeared fro...
Apple Stock at 52-Week Lows: Here’s the Trade.
Apple (AAPL) – Get Free Report stock isn’t joining Tesla’s (TSLA) – Get Free Report epic stock-price unraveling. But it is joining it on the 52-week-low list. This is not too surp...
The Dramatic Fall of Carvana, “The Amazon of Used Cars”
It is a buoyant red in the portfolio of the shareholders of Carvana, the online used car platform. In one year, their shares have lost most of their value, no doubt giving them the impression that the...
Bitcoin Price Targets for 2023 Are in—and They Are Grim. Brace for a 50% Fall.
How low will Bitcoin go? After an abysmal year, analysts are making their best guesses for where the largest cryptocurrency is headed in 2023—and the price targets are mostly grim. Digital assets have...
Kala Pharmaceuticals stock rockets nearly 300% after FDA OKs IND application for PCED treatment
Shares of Kala Pharmaceuticals Inc. KALA, +219.90% quadrupled in very volatile trading Wednesday, after the biopharmaceutical company said the Food and Drug Administration accepted its investigational...
A reckoning is upon us. Here’s what to expect
Partygoers with unicorn masks at the Hometown Hangover Cure party in Austin, Texas. Harriet Taylor | CNBC Bill Harris, the former PayPal CEO and veteran entrepreneur, strode onto a Las Vegas stage in ...
Crypto exchange Kraken to close Japan operations after mass job cuts
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Digital currency exchange Kraken will close down its operations in Japan next month, in a...
Tesla Stock Extends 2022 Crash With Elon Musk ‘Asleep At The Wheel’
Updated at 3:55 pm EST Tesla (TSLA) – Get Free Report shares slumped to the lowest levels in more than two years Tuesday, extending declines in its worst annual performance on record, following...
Cathie Wood Feels Investors’ Pain, Foresees Gains
Popular money manager Cathie Wood of Ark Investment Management has seen her young-technology-stock funds hit the skids this year amid weak earnings. Wood’s flagship Ark Innovation ETF (ARKK) – ...
5 things not to buy in 2023
It’s been a year of contradictions. The recession drum beats on, interest rates are rising, and the stock market has taken a tumble, and yet retail sales have risen 6.5% in the last 12 months, trailin...
20 EV stocks that could rebound the most in 2023
Even as electric-vehicle sales have been gaining traction, associated stocks have been crushed during 2022, led by Tesla. Below is a screen of stocks of companies involved in the development, producti...