The introduction of long-awaited bitcoin exchange traded funds in January has piqued the interest of financial advisors, albeit slowly. According to BlackRock’s Samara Cohen, about 80% of bitcoin ETF purchases seem to be coming from self-directed investors rather than financial advisors. Speaking at the Coinbase State of Crypto Summit in New York City, Cohen mentioned
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Corporate expenses are a critical aspect of every business, and the misuse or abuse of these expenses can have serious financial implications. In a recent development, CleverCards, a startup based in Dublin, has successfully raised 8 million euros in funding to address this issue using technology. This innovative approach has caught the attention of investors,
Elon Musk, the CEO of Tesla, is known for his bold and ambitious vision for the future. At the 2024 annual shareholder meeting in Austin, Texas, Musk introduced the concept of Optimus humanoid robots as a key player in Tesla’s journey towards greatness. These robots are envisioned to be capable of performing a wide range
In response to the European Union’s announcement of higher tariffs on Chinese electric vehicles (EVs), shares of Chinese EV makers saw a surge in the market. Hong Kong’s Hang Seng index experienced a 1.23% increase, largely driven by gains in EV stocks. Among the top gainers were companies like BYD, Geely, Nio, and Li Auto,
Apple made headlines with the announcement of the international launch of its flagship virtual reality headset, the Apple Vision Pro. This expansion will see the gadget becoming available in Asian markets such as China, Hong Kong, Japan, and Singapore. The move marks a significant step for Apple as it enters new territories outside of the
The European Union is preparing to unveil its new tariff rate plan for Chinese electric vehicles in an effort to address the issue of low-priced, subsidized imports. This move comes as the EU aims to level the playing field for domestic electric vehicle manufacturers and reduce the economic threat posed by subsidized imports from China.
British computing startup Raspberry Pi is preparing to raise a substantial amount of money through its initial public offering. The company is expected to garner £166 million ($211.2 million) from this IPO, a move that could potentially inject fresh life into London’s main stock exchange. In an industry where technology listings have been scarce, Raspberry
In a surprising move, Microsoft has decided to hand over the development of its top artificial intelligence tools and software to OpenAI, as reported by Todd McKinnon, CEO of identity security firm Okta. This shift could potentially benefit Microsoft’s rival, Google, as it solidifies its position in the field of AI research and development. McKinnon
Boeing’s Starliner and SpaceX’s Crew Dragon are both human-grade space capsules designed to transport astronauts to and from the International Space Station. Boeing initiated the development of the Starliner in 2014 with a $4.2 billion contract from NASA as part of the agency’s Commercial Crew Program. At the same time, SpaceX also received a contract
The traditional practice of “HODLing” in the world of cryptocurrency investing may be undergoing a significant shift as the adoption of Exchange Traded Funds (ETFs) continues to grow. While the crypto culture has long encouraged investors to hold onto their assets for dear life, the introduction of ETFs tracking bitcoin’s price is attracting more traditional