April 4, 2022

Stocks making the biggest moves midday: Twitter, Starbucks, Tesla and more

Stocks making the biggest moves midday: Twitter, Starbucks, Tesla and more

Twitter — The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $2.9 billion. The purchase came weeks after the Tesla CEO polled his 80-plus million Twitter followers about if the platform adheres to free speech principles. Musk also recently hinted at starting his […]

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Aussie crypto ‘finfluencers’ face tough new legal restrictions

Aussie crypto ‘finfluencers’ face tough new legal restrictions

The Australian securities regulator is taking a stand against financial influencers whom they believe to be bamboozling the general public with misinformation about crypto. New warnings from the Australian Securities and Investments Commission (ASIC) on appropriate conduct for financial influencers could have a dramatic impact on the local crypto industry. ASIC’s recent Information Sheet outlines the traps

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INTEL LAUNCHES NEW BITCOIN MINING CHIP, BLOCKSCALE

INTEL LAUNCHES NEW BITCOIN MINING CHIP, BLOCKSCALE

Intel’s new bitcoin mining chip, the Intel Blockscale ASIC, will ship in Q3 2022 to select customers. Intel has announced details for its upcoming bitcoin mining chip, the Intel Blockscale ASIC, which will ship in Q3 2022. Intel’s chip, focused on energy efficiency and sustainability, will operate with up to 26 J/TH of power efficiency.

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Email Data Breach? Phishing Attacks Against Trezor

Email Data Breach? Phishing Attacks Against Trezor

The hardware wallet manufacturer Trezor is investigating a wave of phishing emails warning users about a “data breach”.   MailChimp database compromised Via Twitter, Trezor confirmed that there is an ongoing phishing attack against their users. Apparently, the malicious emails are being sent to addresses that have signed up for the Trezor newsletter, which is

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Chinese Messaging App Wechat Reportedly Suspends Accounts Linked to NFTs

Chinese Messaging App Wechat Reportedly Suspends Accounts Linked to NFTs

Wechat, the Chinese messaging app, has reportedly suspended accounts that are linked to non-fungible tokens (NFTs). The objective of the crackdown is to stop the use of the affected accounts in promoting NFTs. The Widening Crackdown on Digital Assets The Chinese messaging app Wechat recently acknowledged it had suspended some accounts which are said to

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Tesla’s Token Rises Despite Shanghai Factory Shutdown

Tesla’s Token Rises Despite Shanghai Factory Shutdown

Regardless of Tesla’s Shanghai factory shutdown recently, investors believe the automaker will survive the disruptions as its crypto-token trading suggests a rise in its shares, Bloomberg reported. Tesla’s factory closure and supply-chain disruptions have been affected by COVID-19 lockdowns. As investors are betting on the automaker company to build cars with a new factory opening

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THE 19 MILLIONTH BITCOIN HAS BEEN MINED: WHY IT MATTERS

THE 19 MILLIONTH BITCOIN HAS BEEN MINED: WHY IT MATTERS

With less than two million bitcoin left to be mined, Bitcoin’s limited supply has just gotten even more limited. The 19 millionth bitcoin has just been mined, data from Bitbo shows, leaving less than two million BTC remaining for miners to put in circulation as the Bitcoin network tick-tocks its way through a fixed issuance schedule until it reaches

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China’s BYD ends full combustion engine cars to focus on electric, plug-in hybrids

China’s BYD ends full combustion engine cars to focus on electric, plug-in hybrids

KEY POINTS China’s largest electric vehicle EV maker BYD said that as of last month it now produces full electric and heavily electrified plug-in hybrid cars only. BYD will not completely stop making gasoline engines since smaller highly efficient engines will continue to be used in plug-in hybrid cars. Its move is in response to

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Celebrity tokens: Signs of rising crypto adoption in Indonesia

Celebrity tokens: Signs of rising crypto adoption in Indonesia

Some of Indonesia’s best-known celebs have helped fan the flames of interest in digital assets. Cryptocurrency investments in Indonesia have seen considerable growth between 2020-2022, with 4% of the country’s population having invested in crypto. In 2021, crypto transaction volumes surpassed $34 billion, according to Indonesia’s Commodity Futures Trading Regulatory Agency. This growth has formed a new

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