Introduction: Texas, a state known for its abundant energy resources, is asserting its support for the bitcoin mining industry through the passage of two bills during the latest legislative session. These bills aim to provide incentives and assistance to miners, establishing Texas as an attractive destination for mining operations. However, the industry faced a potential…
As artificial intelligence continues to advance, new opportunities and challenges are emerging in various industries. Few sectors, however, are grappling with the implications as profoundly as Hollywood. A recent search for director Wes Anderson on YouTube revealed trailers for what appeared to be his unique takes on “Star Wars,” “Harry Potter,” and “The Lord of…
Tesla CEO Elon Musk has once again sparked a dialogue around the future of artificial intelligence (AI), painting a sobering picture of the potential hazards associated with unchecked AI development. Musk voiced these concerns during a recent appearance at the Wall Street Journal’s CEO Summit, even suggesting a “non-zero chance” of AI evolving into a…
In a major development in the crypto-regulation landscape, the International Organization of Securities Commissions (IOSCO) today publicized a report detailing policy recommendations for global cryptocurrency regulation, soliciting public input. These proposals come amid a growing chorus for a comprehensive regulatory framework for the highly volatile crypto market. As part of the public consultation process, the…
In the ever-evolving realm of cryptocurrency, where Bitcoin and Toncoin dominate, a new contender called Big Eyes Coin (BIG) is poised to make its mark. With unwavering determination, Big Eyes Coin aims to differentiate itself and become a standout cryptocurrency. As the countdown to its highly anticipated launch on June 15th, 2023, commences, the crypto…
Soros Fund Management, the investment firm led by George Soros, has undertaken significant changes in its investment strategy by reducing its holdings in electric-vehicle manufacturers and major technology companies. The firm has made notable adjustments to its portfolio during the first quarter of this year, including the sale of a significant number of Rivian Automotive…
Cryptocurrency magnate Do Kwon, facing charges in the U.S. for an extensive fraud case, has been awarded bail by a Montenegrin court. The court set the bail at 400,000 euros (equivalent to $440,320), as Kwon awaits his local trial. Kwon, a South Korean citizen and ex-CEO of Terraform Labs, the enterprise responsible for the now-defunct…
Elon Musk’s recent declaration that lithium batteries should be considered ‘the new oil’ has shone a spotlight on the burgeoning lithium battery market. This comes in light of Tesla’s announcement to invest $375 million in a lithium refinery in Corpus Christi, Texas, further highlighting the potential of this industry. Several companies are set to benefit…
Vietnam’s richest man, Pham Nhat Vuong, is betting $8 billion on electric vehicles (EVs) through his automaker, VinFast. Despite setbacks faced by other billionaires who took on the challenge of developing EVs, Vuong is determined to make it work. He has already invested $8.2 billion in VinFast’s operating expenses and capital expenditures over the past…
Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product. The Kyoto-based games maker’s guidance falls shy of an already cagey average analyst estimate of 15.7 million units, which has taken into account a deceleration in hardware sales in…