Bitcoin and other digital coins tanked on Monday, wiping some $200 billion off the cryptocurrency market. CNBC reports: The market capitalization or value of the cryptocurrency market was $880 billion at 9:20 a.m. ET, down from $1.08 trillion a day earlier, according to Coinmarketcap. Bitcoin, the largest cryptocurrency, fell over 12% from a day earlier to $32,576, according to Coin Metrics…
Tag: investors
Intel Talks With TSMC, Samsung To Outsource Some Chip Production
Intel has talked with TSMC and Samsung about the Asian companies making some of its best chips, but the Silicon Valley pioneer is still holding out hope for last-minute improvements in its own production capabilities. Bloomberg reports: After successive delays in its chip fabrication processes, Santa Clara, California-based Intel has yet to make a final decision less than two weeks ahead…
Bitcoin Soars To $40,000, Doubling in Less Than a Month
Bitcoin surged to $40,000 for the first time, doubling in value in less than a month and pushing the total market value of cryptocurrencies beyond $1 trillion. From a report: Cryptocurrencies hit the milestone after a fivefold climb in market value in the past year, data from tracker CoinGecko shows. Strategists have cited demand from speculative retail traders, trend-following quant funds,…
NYSE Abruptly Reverses Plan To Delist Three Chinese Telecoms
The New York Stock Exchange has abruptly reversed plans to delist three major Chinese telecommunications companies after consulting regulators about an investment ban ordered by President Donald Trump. From a report: Coming days before the companies were to be delisted — and just over two weeks before Trump is to leave the White House — the U-turn avoids a step that…
G.E. Wind Turbine Prototype: 853 Feet Tall, Can Generate 13 Megawatts
Long-time Slashdot reader fahrbot-bot shares a report from the New York Times: Twirling above a strip of land at the mouth of Rotterdam’s harbor [in the Netherlands] is a wind turbine so large it is difficult to photograph. The turning diameter of its rotor is longer than two American football fields end to end. Later models will be taller than any…
EFF Reveals Behind-the-Scenes Account of the Fight to Save .ORG
As part of its “Year in Review” series, the EFF shares their dramatic behind-the-scenes details about 2020’s fight over the future of .org domains. It begins when the Internet Society (ISOC) announced plans to sell the Public Interest Registry — which manages the .org top-level domain (TLD) — to private equity firm Ethos Capital. “If you come at the nonprofit sector,…
Bitcoin Surges 50% in Just One Month. CNN Ponders ‘Insane’ Record Run
The price of Bitcoin increased 50% — in the last four weeks. Now priced at $26,579, “Bitcoin is crashing — upward,” quips CNN Business: The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It’s worth more than Visa or Mastercard. Or Walmart… Its rapid rise has been remarkable — or insane, depending on…
What Happened When Finland Tried to Lure the World’s Remote Tech Workers?
As 2020 came to a close, the city of Helsinki, Finland tried offering “City as a Service” to attract new workers to its growing technology hub. “We will provide selected applicants with a free 90-day relocation package for the entire family,” explained the web site for the program (which is now no longer accepting applications). “We’ll arrange your housing, daycare, schooling,…
Can mRNA Biotechnology be Adapted to Improve Flu Vaccines and Fight Cancer?
Reuters notes the “miraculous speed” of mRNA vaccines, while also calling it “a glimpse of what’s possible if it can be applied post-pandemic to treat cancer or rare diseases.” The vaccine market alone is worth about $35 billion each year, and investors apparently believe mRNA companies will capture around two-third of that, leading market researcher Bernstein to evalaute the combined worth…
Cyberpunk Maker CD Projekt Sued by Investor Over Botched Launch
CD Projekt SA, the Polish video-game publisher of Cyberpunk 2077, was sued by an investor who claims the company misled him about the potential of the error-plagued game whose botched release this month caused shares to dive. From a report: Andrew Trampe sued Thursday in federal court in Los Angeles and seeks to represent other investors who bought the company’s securities….