Bitcoin Hash Rate Recovers After 38% Drop During Arctic Blast
Bitcoin’s hash rate plunged about 38% leading to the holiday weekend as extreme weather pushed crypto miners in affected areas to voluntarily cut power or to completely shut down operations to ease stress on struggling power grids. The massive winter storm, which caused a blizzard-like “bomb cyclone,” left about 1,400,000 homes and businesses from Texas […]
Changpeng Zhao On His Net Worth: “No One Knows”
While the Binance chief is skiing for Christmas, crypto twitter is abuzz on conflicting reports about Changpeng Zhao’s current net worth. Forbes’ profile on the crypto mogul puts his worth at $17.4 billion while a separate article showed that the CEO’s net came down to $4.5 billion from $65 billion in March. Zhao downplayed the […]
COVID Christmas In China: Crematories Are Overrun As Cases Surge Again
The COVID-19 pandemic is coming full circle as the virus wreaks further havoc in the country where it seems to have begun–China. What complicates the situation further is Beijing’s unreliable information on the situation. China’s National Health Commission, the country’s top health regulator, announced on Sunday that it will no longer publish daily COVID surveillance […]
Putin Critic ‘Falls’ Off Building While On Vacation In India
One of Russia’s wealthiest lawmakers has died while on vacation in the Rayagada region of Odisha in India. His death comes just days after one of his companions reportedly died from a heart attack. Pavel Antov was in India with three companions to celebrate his 66th birthday. The so-called sausage tycoon was the multi-millionaire founder […]
Moonstone Bank Now Confirms FTX’s Account
Moonstone Bank, formerly Farmington State Bank, has been forced to confirm the existence of an account in their ledgers held by the now-bankrupt crypto exchange FTX. This follows after the bank’s chief digital officer Janvier Chalopin relayed that the $11.5 million infused by FTX’s sister hedge fund Alameda Research was a “seed funding… to execute […]
Amazon Begins Drone Delivery A Night Before Christmas Eve
Amazon (Nasdaq: AMZN) on Friday has officially begun Prime Air drone deliveries to customers in Lockeford, California, and College Station, Texas. Customers in Lockeford and College Station, once “onboarded,” will be able to order from a list of Prime Air-eligible items on Amazon. Much like other app-based delivery services, they would receive an estimated arrival […]
“Elon Musk Will Win The Presidential Election” And Other 2023 Predictions By Ex-Russian President
The Russian Security Council’s current deputy chair is predicting the Twitter chief will win the US presidential election in some states despite the South Africa-born billionaire being ineligible to run. Former Russian President Dmitry Medvedev is joining the bandwagon of making 2023 predictions—with some futuristic scenarios so drastic, one could wonder if a year is […]
Kyle Bass: China’s Covid-19 Policies Are All Part of Xi’s Plan to Reunify China
Appearing on podcast Forward Guidance last week, Hayman Capital founder Kyle Bass gives his take on everything China, and drops a bombshell hypothesis on China’s stringent Covid-19 restrictions. Bass, a well-known China hawk, is stipulating China’s economy isn’t faring as well as the Chinese Communist Party is making it out to be. The US hedge […]
Waymo Expands 24/7 Driverless Service In Phoenix
Alphabet Inc’s (Nasdaq: GOOGL) self-driving platform Waymo recently began offering its driverless service to the public in Phoenix, Arizona. “The only autonomous airport service of its kind in the world” is available for rides between the Phoenix Sky Harbor International Airport and the city’s downtown area, “round the clock with no human driver.” The service […]
FTC Vs. The Microsoft-Activision Deal, Explained
The commission is concerned that Activision’s titles, particularly its leading franchise Call of Duty, will be made exclusive to Xbox–a concern Microsoft said it already addressed in a ten-year extension proposal to keep the game available on Playstation, a deal Sony refuses to take. Saying Microsoft’s (Nasdaq: MSFT) $68.7 billion acquisition of Activision Blizzard (Nasdaq: ATVI) […]