Germany’s government has been actively selling off its bitcoin holdings, causing a significant impact on the cryptocurrency market. The Bundeskriminalamt (BKA), Germany’s Federal Criminal Police Office, has sold large amounts of bitcoin seized from a movie piracy website. The sales included 900 bitcoins in June, 3,000 bitcoins last week, and a further 2,739 bitcoins recently.
Enterprise
Artificial intelligence has made significant strides over the years, with researchers constantly pushing the boundaries of what is possible. One such individual who has been at the forefront of this movement is Aidan Gomez, a former intern at Google Brain. Gomez played a pivotal role in co-authoring the groundbreaking “Attention Is All You Need” paper,
Samsung Electronics, one of the leading tech giants in South Korea, recently witnessed a surge in its stock prices, reaching the highest level since January 2021. This remarkable increase was driven by the company’s optimistic profit forecast for the second quarter, primarily fueled by the growing demand for artificial intelligence technologies. According to the guidance
The recent drop in Bitcoin’s price to around $57,000 per coin was triggered by the U.S. Federal Reserve’s release of minutes from its June meeting that indicated the central bank’s reluctance to cut interest rates. The digital currency experienced a 5% decline in just 24 hours, falling below the $57,000 mark for the first time
The European Union recently confirmed its decision to increase tariffs on electric vehicles imported from China, citing unfair subsidization as the main reason behind this move. These tariffs, ranging from 17.4% to 37.6%, are set to take effect on Friday, affecting automakers such as BYD, European brands producing cars in China, and even US-based Tesla,
In a recent announcement by California’s Civil Rights Department, it was revealed that Microsoft has agreed to pay $14.4 million to settle a case in California involving allegations of retaliation against employees who took legally protected time off. This settlement highlights the ongoing challenges faced by employees when it comes to workplace rights and the
The latest report from Counterpoint Research indicates that Chinese electric vehicle maker BYD is poised to surpass Tesla in battery electric vehicle sales for the current year. This significant shift highlights the ever-changing landscape of the global EV market, with BYD’s market share expected to experience a notable surge. In the second quarter, BYD witnessed
Tesla saw a surge in its stock price after announcing its second-quarter production and delivery figures, which surpassed analyst predictions. The company delivered 443,956 vehicles and produced 410,831 vehicles in Q2 2024, beating expectations. Analysts had estimated deliveries to reach 439,000 for the quarter, but Tesla exceeded that number by a significant margin. The stock
Salesforce investors have recently voted against the company’s compensation plan for top executives, citing concerns about the equity awards granted to CEO Marc Benioff. During the annual meeting, the resolution to approve the compensation plan received 339.3 million votes in favor and 404.8 million against. Shareholder advisory groups like Glass Lewis and Institutional Shareholder Services
The recent accusation of Meta by EU regulators for failing to comply with the bloc’s antitrust rules over its ad-supported subscription option has raised concerns about the company’s practices. This article critically analyzes the situation and delves into the implications of Meta’s actions. The Commission’s critique of Meta’s ad-supported subscription option as a “pay or