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crypto market

$270 billion wiped off crypto market as bitcoin falls below $40,000 for first time in 14 weeks

$270 billion wiped off crypto market as bitcoin falls below $40,000 for first time in 14 weeks Via CNBC.com: Bitcoin fell sharply on Tuesday, continuing a major sell-off that began a week ago. The digital currency fell over 13% to hit an intraday low of $38,585.86 at around 12:54 a.m. ET, according to CoinDesk data. It was the lowest level since Feb. 9, the last time it dropped below $40,000. As […]

today05/19/2021 6

Microsoft

Microsoft reportedly investigated Bill Gates for a prior romantic relationship

Microsoft reportedly investigated Bill Gates for a prior romantic relationship Via CNBC.com: Board members at Microsoft made a decision in 2020 that it wasn’t appropriate for its co-founder Bill Gates to continue sitting on its board as they investigated the billionaire’s prior romantic relationship with a female Microsoft employee that was deemed inappropriate, according to a report in The Wall Street Journal. Citing unnamed sources, the Journal reported online Sunday that board members looking into […]

today05/17/2021 9

warrantless surveillance

Pentagon (unsurprisingly) accused of warrantless surveillance

Pentagon (unsurprisingly) accused of warrantless surveillance Via Reclaim The Net: The pentagon might be surveilling Americans without a warrant, a letter by a senator to the Department of Defense revealed. The letter was sent after reports indicated that special forces units were purchasing location data. Last November, Motherboard published a report about special forces units purchasing location data. In response, Sen. Ron Wyden wrote a letter to the Department of […]

today05/15/2021 3

Chip shortage

Chip shortage expected to cost auto industry $110 billion in revenue in 2021

Chip shortage expected to cost auto industry $110 billion in revenue in 2021 Via CNBC.com: The ongoing semiconductor chip shortage is now expected to cost the global automotive industry $110 billion in revenue in 2021, according to consulting firm AlixPartners. The forecast is up by 81.5% from an initial forecast of $60.6 billion, which the New York-based firm released in late January when the parts problem started causing automakers to cut […]

today05/14/2021 5

Dogecoin

Dogecoin rallies on Elon Musk tweet, anticipated Coinbase listing

Dogecoin rallies on Elon Musk tweet, anticipated Coinbase listing Via CNBC.com: Dogecoin soared early Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency. The price of dogecoin rose to an intraday high of around 56 cents at 3 a.m. ET, according to data from Coin Metrics. As of 4:30 a.m., dogecoin was up 36% at 52 cents per coin. It’s still down about 20% from […]

today05/14/2021 4

Boeing

Boeing wins FAA approval for 737 Max electrical fix and notifies airlines

Boeing wins FAA approval for 737 Max electrical fix and notifies airlines Via CNBC.com: Boeing on Wednesday won approval from U.S. regulators for a fix of an electrical grounding issue that had affected about 100 737 Max airplanes, clearing the way for their quick return to service after flights were halted in early April, the planemaker said. An FAA official confirmed that the agency had approved the service bulletins and associated […]

today05/13/2021 9

Tesla

As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin

As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin Via CNBC.com: Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin. At around 6:06 a.m. Singapore time on Thursday when Musk made the announcement, the value of the whole cryptocurrency market stood at around $2.43 trillion, according […]

today05/13/2021 8

chip shortage

The global chip shortage could last until 2023

The global chip shortage could last until 2023 Via CNBC.com: Semiconductors will be in short supply for some time to come yet, according to analysts that monitor the industry. Today, chips are in everything from PlayStation 5s and toothbrushes to washing machines and alarm clocks. But there’s not enough to go around — it’s a multifaceted issue that shows no signs of abating, leading some to call the current crisis “chipageddon.” […]

today05/12/2021 11

Ethereum

Ethereum, the world’s second-largest cryptocurrency, soars above $4,000

Ethereum, the world’s second-largest cryptocurrency, soars above $4,000 Via CNBC.com:  Ether surged past $4,000 Monday to hit a new record high, extending a stunning rally for the world’s second-largest cryptocurrency. Ether, the digital token of the Ethereum blockchain, rose nearly 7% over the last 24 hours to $4,141.99 by 3:40 a.m. ET, according to Coin Metrics. It now has a total market value of $476.3 billion, less than half bitcoin’s $1.1 trillion. […]

today05/10/2021 5

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