Tesla Chief Executive Office Elon Musk speaks at his company’s factory in Fremont, California. Noah Berger | Reuters Elon Musk, the CEO of SpaceX, Tesla and Twitter, accused “the media” and “elite colleges and high schools” of being “racist” against white and Asian people, espousing his views without providing evidence on Sunday. Musk posted his
Month: February 2023
Apple supplier Foxlink has halted production at its assembly facility in the Southern Indian state of Andhra Pradesh and evacuated 400 of its employees after a massive fire on Monday, two local government officials told Reuters. Foxlink makes cables for iPhones. Roughly 50 percent of the machinery at the facility was damaged and half of
The RIG exploit kit (EK) touched an all-time high successful exploitation rate of nearly 30% in 2022, new findings reveal. “RIG EK is a financially-motivated program that has been active since 2014,” Swiss cybersecurity company PRODAFT said in an exhaustive report shared with The Hacker News. “Although it has yet to substantially change its exploits
Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors’ hope for a soft landing and the possible aversion of a recession
Some cryptocurrencies are inflationary because the supply of coins increases over time. Inflationary cryptocurrencies use a combination of predetermined inflation rates, supply constraints, and mechanisms for distributing tokens to maintain the supply and incentivize participation in the network. Looking at their monetary systems, cryptocurrencies have various coin-creation and supply mechanisms. Inflationary cryptocurrencies have a steadily
Last week was relatively calm regarding enforcement news but brought some peculiar local developments in regulation. United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency (CBDC). According to the Minnesota lawmaker, the bill could prohibit the Fed from
Bitcoin (BTC) and the United States equities markets are trying to start the week on a positive note but some analysts are skeptical about the short-term prospects of the markets. According to Bloomberg Intelligence senior macro strategist Mike McGlone, Bitcoin will face significant resistance at $25,000. McGlone believes that it “may be a while before buy-and-hold
Shiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high. Shiba Inu (SHIB) Shiba inu (SHIB) continued to move away from a recent support
Xiaomi Wireless AR Glass Discovery Edition, the company’s latest augmented reality (AR) wearable device, was unveiled at the Mobile World Congress (MWC) 2023 at Barcelona. These AR glasses are a prototype of the company’s latest innovation in AR and VR technology and is powered by Qualcomm’s most recent XR platforms. It is equipped with advanced “retina-level”
Social media firm Snap said on Monday it is rolling out an experimental chatbot feature running on OpenAI’s GPT technology for some users of its photo messaging app Snapchat. The feature dubbed as My AI will be running the latest version of OpenAI’s GPT technology which has been customised for Snapchat. The AI chatbot will
Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallets by producing its own wallet silicon chips. Trezor officially announced on Feb. 27 that the firm will start facilitating the production of its own key component, the chip wrapper, in its flagship product, Trezor Model T. The move aims to significantly optimize Trezor
Liquid staking protocol Lido Finance activated a protocol safety feature called “staking rate limit” after more than 150,000 Ether (ETH) was staked with the protocol in a single day. Lido is a liquid staking solution for digital assets, allowing users to stake Ether without them needing to have their tokens locked. When a user deposits Ether,
Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittances and fund transfers in cooperation with local fintech firm Berkah Digital Pembayaran. Announcing the news on Feb. 27, Alchemy Pay noted that Bank Indonesia issued the licenses jointly to Alchemy Pay and Berkah Digital’s platform BDPay, enabling the firms to
Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most popular use case for the stablecoin involves its purchase for devaluation shielding purposes, a handful of companies are also harnessing it in this way. Companies
OnePlus 11 Concept phone was unveiled by the company on Monday at the ongoing Mobile World Congress (MWC) 2023. This concept smartphone from OnePlus is equipped with a miniaturised active liquid cooling system that is built into the smartphone’s rear panel. At MWC 2023, the company is also showcasing its recently launched flagship smartphone, the OnePlus 11
In this article .FKRX300 JOBY Follow your favorite stocksCREATE FREE ACCOUNT BARCELONA, Spain — South Korean telecommunications giant SK Telecom is planning to launch a flying taxi service in 2025 and expects it to generate “significant” revenue going forward, a senior executive told CNBC. Last year, SK Telecom and U.S. firm Joby Aviation inked a
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