The cryptocurrency landscape has become increasingly vulnerable to attacks, with hackers more than doubling their spoils in the first half of 2024 compared to the previous year. A recent report from blockchain research firm TRM Labs revealed that a staggering $1.38 billion worth of crypto was looted between January 1 and June 24, marking a
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Germany’s government made headlines recently for selling a significant amount of bitcoin worth millions of dollars. The sales were initiated by the country’s Federal Criminal Police Office, with a total of 900 bitcoins sold in June, followed by an additional 3,000 bitcoins and 2,739 bitcoins in subsequent weeks. The bitcoins were seized from a defunct
Aidan Gomez, a former intern at Google Brain, co-authored the groundbreaking paper “Attention Is All You Need” in 2017, which laid the foundation for the transformer model and sparked the emergence of generative artificial intelligence. In a recent interview with CNBC, Gomez expressed astonishment at the rapid advancement of technology since his time as an
Samsung Electronics recently announced its expectations for second-quarter profits, sending its stock price soaring to its highest level since January 2021. The South Korean tech giant reported a projected operating profit of approximately 10.4 trillion won, a staggering increase of 1,452% from the previous year’s figure. This impressive performance exceeded both the company’s own guidance
Bitcoin’s price dropped sharply to around $57,000 apiece on Thursday, marking a two-month low. This decline came after the U.S. Federal Reserve released minutes from its June meeting, revealing that the central bank is not planning to cut interest rates anytime soon. Data from CoinGecko showed that the digital currency fell by approximately 5% in
The European Union’s decision to increase tariffs on electric vehicles imported from China is causing a stir in the automotive industry. The European Commission announced these levies after concluding that Chinese producers of battery electric vehicles benefit from “unfair” subsidization. The tariffs, ranging from 17.4% to 37.6%, will come into effect on Friday, affecting not
Microsoft recently settled a case in California for a sum of $14.4 million over allegations of retalitation against employees for taking legally protected time off. The settlement aims to provide compensation to California workers who took parental leave, family care-taking leave, or disability leave from 2017 onwards, and choose to participate in the settlement. The
The Chinese electric vehicle manufacturer BYD is poised to surpass Tesla in battery electric vehicle sales this year, according to a recent report by Counterpoint Research. This shift highlights the ever-changing dynamics of the global EV market, with BYD’s market share expected to experience a significant surge. In the second quarter, BYD’s battery EV sales
Tesla’s shares saw an uptick following the release of its second-quarter vehicle production and delivery numbers, surpassing the expectations of analysts. The company delivered a total of 443,956 vehicles and produced 410,831 vehicles during the second quarter of 2024. Despite a 4.8% decrease in deliveries compared to the previous year’s second quarter, Tesla’s stock surged
Salesforce recently faced backlash from investors regarding their compensation plan for top executives, particularly CEO Marc Benioff. In a surprising turn of events, shareholders voted against the resolution to approve the compensation, with 404.8 million votes against and only 339.3 million in favor, as per a regulatory filing on Monday following the annual meeting. The