Following a decline in stock markets around the world and the continued strength of the US dollar, Bitcoin traded below $19,000 on Wednesday morning, reaching its lowest level since June. Due to a sell-off in all digital coins, the market value for all cryptocurrencies also decreased below $1 trillion. According to Coin Metrics, Bitcoin was…
The new lineup of iPhone 14 models and Apple Watches that Apple Inc. is expected to introduce on Wednesday will test how willing consumers are to upgrade technology in the face of inflation and economic doom. At an event dubbed “Far Out” at its Cupertino, California, headquarters, analysts anticipate Apple to reveal that the most…
Vaping company Juul Labs, which has become one of the top e-cigarette companies in the US, will pay $438.5 million to settle an investigation into its marketing to minors. Juul’s marketing is also constrained by the agreement with more than 30 states, for example by prohibiting the use of people under the age of 35…
Following an investigation into the social network Instagram’s handling of children’s data, Ireland’s data privacy regulator has agreed to levy a record fine of 405 million euros ($402 million), according to a spokesperson for the watchdog. Instagram intends to appeal the fine, according to an emailed statement from parent company Meta Platforms Inc. The investigation,…
Bitcoin has often been labelled as the king of the swingers because of its high volatility and very sudden extreme swings in its value. However, the largest and arguably the most volatile cryptocurrency of the world has been trading for days at around $20,000 and has not gone much higher than that since June. This is bad news…
Volkswagen will speed up its transformation to electric vehicles, but it must find the right “rhythm” as it does so, said new CEO Oliver Blume at an internal conference on Thursday, his first day in office. Blume announced a ten-point plan for financial robustness, sustainability, the capital market, and development in China and North America…
Ashmore Investment Group reported a 58% drop in full-year pretax profits and a double-digit drop in net revenue on Friday, citing widespread risk aversion as a result of the Ukraine war, as well as inflation and higher rates globally. The emerging markets-focused asset manager made £118.4 million ($136.62 million) in profit before tax in the…
In a major push to diversify beyond consoles, Sony established a dedicated PlayStation mobile gaming unit. On Monday, Sony announced the launch of PlayStation Studios Mobile Division, which will operate independently of the console business. Sony also announced on Monday that it had acquired Savage Game Studios, a mobile game developer based in Helsinki and…
The finding of thousands of unreported private swimming pools in France has given French tax authorities with an unforeseen bonanza. More than 20,000 hidden pools were detected by means of an artificial intelligence (AI) experiment. According to French media, they have made around €10 million in revenue. Pools, which increase property value and must be…
The foundation that controls Ethereum, the second largest cryptocurrency, has confirmed that it will complete a plan to reduce its carbon emissions by more than 99% in the next month. The “merge” project will see Ethereum switch the underlying technology it uses to validate crypto transactions to a new process that requires less energy to…
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