Samsung held an event in the metaverse

Samsung held an event Samsung held a launch event for its new Galaxy smartphones in a metaverse this week but many people struggled to gain access as they encountered technical difficulties. The South Korean tech giant hosted the event Wednesday on Decentraland, a cryptocurrency-focused virtual world that users can create, explore and trade in. ...

Read More »

Renewable energy vs. fossil fuels

Renewable energy vs. fossil fuels? It’s a false choice, says John Doerr As Russia’s war in Ukraine led to a spike in oil prices, energy shortages in Europe, and fears that the natural gas situation will get worse, there’s been a mounting backlash against renewable energy and the idea the ...

Read More »

Jobless claims edge up to highest since January

Jobless claims edge up to highest since January; planned layoffs soar Weekly jobless claims nudged higher while the U.S. trade deficit hit its lowest level of the year in May as Covid-related shutdowns gripped China, according to economic data released Thursday. Initial filings for unemployment benefits totaled 235,000 for the week ...

Read More »

Samsung’s ‘better than feared’ earnings spur chip stock rally

Samsung’s ‘better than feared’ earnings spur chip stock rally Samsung shares rose on Thursday, dragging Asian chipmakers higher after the South Korean technology giant posted “better than feared” earnings guidance for the second quarter. The numbers assuaged investors’ concerns about rising inflation, deteriorating consumer demand and higher material costs for semiconductor ...

Read More »

Bitcoin bounces back after falling to new 2022

KEY POINTS Over the weekend, bitcoin had fallen as low as $17,601.58. The cryptocurrency market has been hit by a number of factors, ranging from the collapse of stablecoin terraUSD to questions of solvency at crypto lender Celsius. Macroeconomic factors including high inflation and upcoming rate hikes from the U.S. ...

Read More »

What you need to know about staked

KEY POINTS Staked ether, or stETH, is a token that’s meant to be worth the same as ether. For the past few weeks, it has been trading at a widening discount to the second-biggest cryptocurrency. Instability in the token’s price has further constrained liquidity in the fragile crypto market. Another ...

Read More »

Bitcoin drops back below $30,000

KEY POINTS Bitcoin fell below $30,000 for the first time since Jun. 22 dragging other digital coins lower. Even with the plunge bitcoin is up 2% for the year, according to CoinDesk data Bitcoin is trading in the $29,000 range, about 3% lower on the day, according to Coin Metrics. ...

Read More »

Why the feds took down one of Bitcoin

KEY POINTS This week, one of Bitcoin’s largest and most notorious coin exchanges was brought down by law enforcement — and police and prosecutors are now beginning to explain why. On Thursday, the Department of Justice unsealed an indictment against Alexander Vinnik — thought to be the operator, or one ...

Read More »

The crypto industry just had one of its worst days ever

KEY POINTS Crypto has had a brutal first half of 2022, but few days have been this bad for the industry that’s built itself up around digital currencies. On Monday, trading platforms halted withdrawals, companies cut jobs, and panicked investors dumped their holdings, dragging the market cap of crypto below $1 trillion, down from ...

Read More »

BTC? Ethereum? Ripple

BTC? Ethereum? Ripple? The Lowdown on Popular Cryptocurrencies As the oldest and most well-established cryptocurrency, Bitcoin gets most of the attention. But in the world of cryptos, it’s just the tip of the iceberg. There are actually more than a thousand so-called “altcoins” out there, with more than 20 having a market capitalization ...

Read More »