Shares of Robinhood fell about 8% in pre-market trading on Wednesday after the company reported weaker-than-expected third-quarter profit. A sharp drop in cryptocurrency revenue offset strong growth in options trading and prediction markets. The brokerage posted earnings of 51 cents
Business
AI
Meta has introduced Muse Wonder and Muse Wonder Full, its latest artificial intelligence models for coding and agent-based tasks. The systems can handle multi-step work across personal and professional settings. Meta says they can help users review leases, manage insurance-related
Apple Inc. (AAPL) experienced a notable surge in its stock value on Tuesday, climbing 7% to achieve a record high for the year 2024. This rise came in the wake of the company’s revelation about its latest venture into artificial
In a monumental move blending technology and media, OpenAI and News Corp. have announced a multi-year collaboration, marking a significant milestone in the convergence of journalism and artificial intelligence. Under this historic agreement, OpenAI, the brainchild of tech luminary Sam
As artificial intelligence (AI), cryptocurrency, and remote work gain momentum, the accompanying surge in data center operations is raising concerns among experts about its impact on global energy consumption and climate change mitigation efforts. According to experts interviewed by ABC
Meta Platforms, the parent company of Facebook, surged in trading today following the debut of its latest artificial intelligence model, as CEO Mark Zuckerberg sets his sights on dominating the AI landscape. The tech behemoth, valued at over a trillion
Bitcoin & Altcoins
FinTech
Binance, the world’s largest cryptocurrency exchange, announced the upcoming addition of four major trading pairs, set to go live on September 4, 2024. The new pairs – AAVE/USDC, STMX/TRY, SUN/TRY, and TRX/USDC – are part of Binance’s ongoing strategy to
Ripple has once again unlocked 1 billion XRP tokens from its escrow accounts, a routine move that continues to grab the attention of investors. The tokens, valued at approximately $560 million, were released on September 1st, according to Whale Alert,
Rakeez Financial, a prominent player in Saudi Arabia’s fintech landscape, has recently announced the successful closure of a $2 million Seed Round investment led by CoreVision. This strategic funding round is poised to accelerate the growth and development of financial
Trampay, a cutting-edge FinTech startup committed to empowering Brazil’s burgeoning gig economy, has recently secured a substantial $250,000 pre-seed investment from Potencia Ventures, a renowned firm dedicated to fostering innovation within the gig economy landscape. This strategic investment underscores Potencia
Shares of Robinhood fell about 8% in pre-market trading on Wednesday after the company reported weaker-than-expected third-quarter profit. A sharp drop in cryptocurrency revenue offset strong growth in options trading and prediction markets. The brokerage posted earnings of 51 cents
Policy
Russian citizens will no longer be able to buy or sell cryptocurrency directly with each other from July 1, 2027, according to guidance from the Bank of Russia. The central bank said in a set of frequently asked questions that
Blockchain & DeFi
Ethereum & NFTs
Hong Kong has stepped into the spotlight as the first Asian market to introduce retail investors to the trading of cryptocurrencies at spot prices, with the launch of six spot bitcoin and ether exchange traded funds (ETFs) on Tuesday. The
OKX, a prominent global cryptocurrency exchange and Web3 technology company, alongside Manchester City, has initiated the ‘Unseen City Shirts’ campaign, unveiling redesigned football jerseys that enthusiasts can acquire as digital collectibles (NFTs) via the OKX app. The campaign introduces a
The price of Ethereum (ETH) surged past the $3,600 mark, showcasing robust resilience and bullish momentum amidst active trading. Within a 24-hour timeframe, ETH swung between lows of $3,372 and highs of $3,644, reflecting a vigorous trade volume of $13.40
In the dynamic world of cryptocurrency, analysts are closely tracking Ether’s trajectory following the recent Bitcoin halving, despite its recent 11.39% price dip over the last month. With Ether (ETH) currently trading at $3,320, historical data hints at the possibility
