Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC) during its bankruptcy. Since July 2022, Celsius Networks stands at the crosshair of United States officials after reports of bankruptcy surfaced, which risks
Month: August 2022
Ethereum (ETH) is all set to transition to a proof-of-stake (PoS) network by Sept. 15-16 that would see an end to its current proof-of-work (PoW) chain. This event would eliminate PoW mining from the Ethereum ecosystem. The terminal total difficulty has been set to 58750000000000000000000. This means the ethereum PoW network now has a (roughly) fixed number
The professional American football team the Houston Texans revealed that it has entered an exclusive partnership with the company Bitwallet. The deal will give Houston Texans fans the ability to purchase single game suites with cryptocurrencies. Bitwallet Becomes the ‘Official Digital Currency Wallet of the Houston Texans,’ NFL Team Accepts Crypto Assets for Single Game
EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021. Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like Bitcoin (BTC) and Ether (ETH), which gained over 2% and 3.75%, respectively. But, the upside move was also
Apple’s suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter. Apple’s Chinese suppliers Luxshare Precision Industry and iPhone assembler Foxconn have started test production of Apple Watch and MacBook in Northern Vietnam, the report added. Apple has
The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS) to serve a John Doe summons on SFOX, a Los Angeles-based cryptocurrency prime dealer. The IRS filed suit to receive the order, which directs SFOX to reveal the identities of customers who are U.S. taxpayers
John Haar, a former asset manager at financial institution Goldman Sachs believes the lack of support from “legacy finance” for Bitcoin stems from a poor understanding of the cryptocurrency. Haar’s views were expressed in an essay on Aug. 14, which was originally sent to private clients of Bitcoin brokerage platform Swan Bitcoin. Haar previously spent 13
An Ethereum whale wallet that participated in the genesis initial coin offering (ICO) and obtained about 150,000 Ether (ETH) in 2014 was activated again on Aug. 14 after three years of dormancy. The whale address transferred 145,000 ETH to multiple wallets as the price of Ether surged to a new three-month high of over $2,000. The transfers
FIFA 23 has partnered with Marvel for Ultimate Team. EA Sports confirmed in a blog post that the two companies have collaborated to bring iconic footballers back to the pitch in FIFA 23. It will bring some iconic stars from around the world, reimagined as legends from the Marvel comic books. Recognising their memorable careers
Sony XR-85X95K Ultra-HD Mini LED TV has been launched in India, priced at Rs. 6,99,990. The television is part of Sony’s flagship X95K TV range, and is the company’s first Mini LED TV series to launch in India. The television is powered by the Cognitive Processor XR by Sony, and has XR Backlight Master Drive
Ratan Tata, the octogenarian industrialist who steered the $128 billion (roughly Rs. 10,13,200 crore) Tata Group for decades, has backed a startup that connects senior citizens with young graduates for meaningful friendships. Goodfellows, which promotes “inter-generational friendships” said on Tuesday that it received a seed investment of an undisclosed sum from Tata, the influential chairman emeritus of
In this article AAPL Meta Apple and Facebook parent Meta are expected to release mixed reality headsets in the coming year that could finally fulfill the industry’s promise to turn head-worn devices into the next big shift in personal computing. But there’s one major potential snag: sticker shock. The best-selling virtual reality headset, the Meta
Apple supplier BOE Technology Group will “make adjustments” at its operations in Sichuan due to power rationing in the region, it said in a stock market filing on Tuesday. The company said that it was communicating with authorities and expected “no major impact on its overall operating performance”. It added that it has four production
Elliott Management, the hedge fund that pushed for big changes at Twitter two years ago, exited the stock during the second quarter, soon after Elon Musk announced plans to buy the social media company, a regulatory filing shows. The filing on Monday, showed that Elliott no longer owned any common stock in Twitter on June
A group of researchers has revealed details of a new vulnerability affecting Intel CPUs that enables attackers to obtain encryption keys and other secret information from the processors. Dubbed ÆPIC Leak, the weakness is the first-of-its-kind to architecturally disclose sensitive data in a manner that’s akin to an “uninitialized memory read in the CPU itself.”
Solana (SOL) price rallied by approximately 75% two months after bottoming out locally near $25.75, but the token’s splendid upside move is at risk of a complete wipeout due to an ominous bearish technical indicator. A major SOL crash setup surfaces Dubbed a “head-and-shoulders (H&S),” the pattern appears when the price forms three consecutive peaks
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