Tag: Bitcoin
Bitcoin hits high of $69,202, Apple iPhone sales in China fall 24%
The value of the best-known cryptocurrency, Bitcoin, has reached a new high. For the first time ever one Bitcoin bought $69,202 (£54,404) on Tuesday afternoon, surpassing the previous high just below $69,000 (£54,242) recorded in November 2021. It comes, as the previous high did, as a 'halving' event approaches, whereby Bitcoin production is cut by…
Facebook to shut news section entirely, new Macbook Air models promised for March
Facebook will stop paying newspaper publishers and will shut down its news section entirely, saying that people do not come to the social network for news or political content. Meta, Facebook’s parent company, said it would wind down deals with US and Australian publishers and remove a news tab that had served users a feed of…
Apple ditches electric car project, Bitcoin hits $60,000 – first time since 2021
Apple is canceling its plans to build an electric car, according to multiple outlets, ending a secretive project that has consumed immense resources over the past decade. Executives from the company made the unexpected announcement during an internal team meeting on Tuesday, forecasting layoffs and telling employees that many of them would shift to working on…
Tech-Driven Payment Innovations Transforming the Casino Industry
Digital payment companies will generate $31.5 billion in 2024, four times the industry’s revenue in 2020. Fintech's unprecedented growth in the past few years is the result of innovation and increased adoption by fast-growing industries such as online gambling, e-commerce, and digital healthcare. In this article, we’ll focus on Fintech innovations disrupting the online casino…
Bitcoin Investment Progress in Florence
In recent years, Florence has become a hotspot for Bitcoin investments. As a city renowned for its progressive attitude towards technology, it comes as no surprise that it is leading the way in adopting this new form of digital currency. The growing acceptance of Bitcoin by businesses and individuals alike is a testament to the…
Cybercriminals loot over $600 million from crypto projects in first half 2023
According to analysis from the Atlas VPN team, various crypto projects and their clients lost a whopping $666,354,302 to 125 cyberattacks in the first half of 2023. Nevertheless, compared to the same period last year, crypto-related cyber incidents and losses are declining. The Binance Smart Chain (BSC) ecosystem experienced the highest number of incidents, totaling 30,…
Tech Digest daily roundup: Cryptocurrency should be regulated as type of gambling, UK government told
UK authorities should regulate cryptocurrency trading as a form of gambling rather than a financial service, parliament’s Treasury committee has said after a fresh inquiry into the industry. The government must avoid wasting more taxpayer funds promoting tech innovations such as digital tokens, without demonstrating the clear benefits to the public, MPs said in a report…
Tech Digest daily roundup: Google to launch ChatGPT rival called Bard
Google is launching an Artificial Intelligence (AI) powered chatbot called Bard to rival ChatGPT. Bard will be used by a group of testers before being rolled out to the public in the coming weeks, the firm said. Bard is built on Google's existing large language model Lamda, which one engineer described as being so human-like…
How to Choose the Best Crypto Mining Hardware?
Some cryptocurrencies are produced through mining. In the early days of Bitcoin (BTC) and other cryptocurrencies, mining crypto was relatively easy, even the central processor (CPU) of a laptop was enough. However, as the difficulty for many mining algorithms increases as mining activity and demand increases, the need for more powerful hardware has also increased…
Is Ethereum the Future Now it Has Dropped its Energy Consumption?
There has long been a debate on what the future of cryptocurrency could be, with there being various different options that could emerge as major players in the future. However, most people believe it will come down to either Bitcoin or Ethereum. They are the modern-day equivalent of VHS and Betamax, or Mp3 and the minidisc.…
