The world of cryptocurrency has been plagued by a significant increase in hacking activities in 2024. According to a report from blockchain research firm TRM Labs, hackers managed to more than double their cryptocurrency spoils in the first half of 2024 compared to the previous year. An alarming $1.38 billion worth of crypto was looted
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Recently, Germany’s government has been making headlines by selling off significant amounts of bitcoin, causing a ripple effect in the cryptocurrency market. The sales are a result of bitcoins seized from various illegal activities, leading to millions of dollars’ worth of transactions. The German government initiated the sale of bitcoin from a wallet operated by
Aidan Gomez, a former intern at Google Brain, played a pivotal role in co-authoring the groundbreaking paper “Attention Is All You Need” in 2017. This paper introduced the concept of transformer models which eventually ignited the generative artificial intelligence revolution. In a recent interview with CNBC, Gomez expressed his astonishment at the rapid advancement of
Samsung Electronics, one of the leading tech giants based in South Korea, has recently announced that it expects better-than-expected profits for the second quarter of the year. This news has caused a significant surge in the company’s stock prices, with shares reaching their highest level since January 2021. The stock climbed by 2.24% on Friday
Bitcoin’s price took a steep dive to around $57,000 per coin after the U.S. Federal Reserve released minutes from its June meeting indicating that the central bank is not yet prepared to cut interest rates. This drop in value marked the lowest point for Bitcoin in the past two months. The digital currency fell approximately
The European Union has confirmed its decision to implement tariffs on electric vehicles imported from China, citing unfair subsidization as the reason for this move. The tariffs, ranging from 17.4% to 37.6%, are set to take effect on Friday and will impact automakers from Chinese giants like BYD to European brands producing cars in China,
Microsoft recently agreed to pay $14.4 million to settle a case in California involving allegations of retaliation against employees who took legally protected time off. The California Civil Rights Department announced the proposed settlement, highlighting the discriminatory impact of Microsoft’s policies on workers who utilize parental leave, family care-taking leave, or disability leave. This raises
The electric vehicle market is experiencing a significant shift with Chinese electric vehicle maker BYD poised to overtake Tesla in battery electric vehicle (BEV) sales this year. According to a recent report by Counterpoint Research, BYD’s BEV market share is expected to surge, highlighting the dynamic nature of the global EV market. In the second
Tesla’s recent announcement of their second-quarter vehicle production and deliveries numbers has left analysts surprised as the electric vehicle maker surpassed expectations. With a total of 443,956 vehicles delivered and 410,831 vehicles produced in Q2 2024, Tesla showcased its efficiency and growth in the market. Despite the positive news, Tesla did face a decline in
Salesforce investors recently voted against the company’s compensation plan for its top executives, with concerns being raised about the equity awards granted to CEO Marc Benioff. Despite the board’s recommendation to approve the compensation plan, shareholder advisory groups like Glass Lewis and Institutional Shareholder Services advised investors to vote against it. The resolution received 339.3