Shares of computer chip manufacturer Nvidia soared nearly 10% in after-hours trading as surging demand for AI chips saw the firm post Q2 earnings that significantly beat Wall Street estimates. In its Q2 earnings report, the company posted a whopping $13.5 billion in revenue for the quarter — an 88% increase from Q1. The revenue figure came in at over…
Patrick Mahomes likes doubling down. In February, the 27-year-old Kansas City Chiefs quarterback famously pushed through an ankle injury and a sizable halftime deficit to clinch his second Super Bowl victory in six seasons. Despite his immense potential value as a free agent, Mahomes has pledged himself to the Chiefs for the next decade; his current $503 million contract is…
The AI arms race continues to accelerate, with new frontiers in voice cloning emerging almost daily. The latest development comes from San Francisco-based startup ElevenLabs, which just announced that their new AI model can now mimic voices speaking fluently in 30 different languages—a dramatic expansion from the original eight that were previously supported. The company used Lukeman Literary, a literary…
Eight Republican candidates are gearing up to take the debate stage tonight as the early 2024 presidential election cycle reaches a pivotal point. Former President and Republican frontrunner Donald Trump—who owns some Ethereum and has his own NFT collection—will be notably absent, electing to skip the chit-chat in lieu of a pre-recorded interview with former Fox News host Tucker Carlson…
John A. DeSalvo, a former lieutenant at the New Jersey Department of Corrections, has been charged by the U.S. Securities and Exchange Commission (SEC) for orchestrating a crypto scam that specifically targeted police officers and first responders. According to the Aug. 23 announcement, DeSalvo allegedly raised $623,388 from 222 investors through sales of his own Blazar token from November 2021…
Bitcoin price has been stuck inside a narrow trading range for days, awaiting signals from Jerome Powell’s speech at Jackson Hole this week. Source: https://cointelegraph.com/public/index.php/news/why-is-bitcoin-price-stuck
When the markets are trending, traders should be active if they want to earn money. On the other hand, in a ranging market, it is better to wait on the sidelines with patience or traders may lose money due to choppy random moves in either direction. Bitcoin’s (BTC) sideways price action since the sharp fall on Aug. 17 shows that…
Crypto trading platform Cypher protocol has published a plan to recover from its $1 million exploit, stating it will “socialize” losses across the platform in an initial stage of the recovery. In the first stage of the plan, the Solana-based trading platform will produce a “pro rata redemption package” of current assets it possesses, which will become withdrawable by users…
Solana Pay, the decentralized payment app developed by Solana Labs, has been added as an option for companies that use the leading e-commerce platform Shopify. That means the millions of businesses that use Shopify can offer customers Solana Pay as a payment option. Its initial integration will feature USDC – the second-largest stablecoin with a $25.9 billion market capitalization, according…
The cryptocurrency market has experienced a notable downturn recently, with the total market capitalization falling by 10% between August 14 and August 23, reaching its lowest point in over two months at $1.04 trillion. This movement has triggered significant liquidations on futures contracts, the largest since the FTX collapse in November 2022. Total cryptocurrency market capitalization, USD. Source: TradingView Several…
