Day: December 16, 2020

Bolt Raises £150M in Funding Led by D1 Capital Partners to Venture into AI Capabilities

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In order to remain competitive in the market, Bolt has also identified the food industry as a lucrative segment. Ride-hailing startup Bolt has announced that it has completed funding led by D1 Capital Partners and managed to raise £150 million ($182 million. The Estonia-based Bolt intends to channel the money to its platform and bolster its safety via facial recognition and AI capabilities. In addition, the company anticipates using the money to expand its ride-hailing to different markets, electric bike and scooter rental and food delivery services. Having experienced a…

SMIC in Hot Water as Stock Falls Following Co-CEO Resignation

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Liang, whose resignation rumor has affected the performance of SMIC shares, was actively involved in the technological progress of the company.  Semiconductor Manufacturing International Corp (SMIC) (HKG: 0981) based in China has a lot to worry about after its stock plunged by nearly 10% in response to the current challenges of the company. Investors may have lost interest and questioned the long term performance of the company after a resignation by its Co-Chief Executive Officer was leaked by the press in addition to the announcement by the Stock Index Giant…

New Free Bitcoin Mining Site 2020 | Earn Daily 0.0499 BTC | Best Free Bitcoin Earning Site 2020

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UK’s FinTech Giant Revolut Rolls Out New Mid-Tier Subscription Plan Revolut Plus

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The Revolut Plus plan is an affordable subscription plan for its users and specially focused on the current COVID-19 pandemic times. It strips off all the benefits associated with travel but introduces purchase protection plans. Changing times calls for change in plans. On Tuesday, December 15, UK’s FinTech giant Revolut announced its new subscription plan with a mid-tier offering called Revolut Plus. Costing £2.99 per month, the new plan is a special pandemic-proof-package that doesn’t put much focus on travel. Revolut has emerged as a formidable player in Britain’s emerging…

Why Ethereum Will Never Flip Bitcoin to Become King of Crypto

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There’s a good reason why people refer to Ethereum as the king of alts. In a literal sense, it is the biggest altcoin by market cap. But there’s something to be said about its accomplishments towards becoming a global settlement layer as well. Certainly, during the five years since it launched, the Ethereum Foundation has achieved much in working towards this goal. It has the most dApps of any smart contract platform, the highest number of daily active users, and the biggest number of contracts. Source: stateofthedapps.com Add into the…

Bitcoin Climbs to Two Weeks High Ahead of FOMC Update; What’s Next?

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Bitcoin prices edged higher on Wednesday as traders pinned hopes on the ongoing stimulus talks and fresh guidance from the Federal Reserve. The flagship cryptocurrency rose up to 2.18 percent to $19,866, its best level in two weeks, after breaching above the previous resistance area between $19,500 and $19,600. The move uphill accompanied a spike in trading volume, suggesting an outright breakout attempt. Bitcoin hits two-week high after breaking above $19,500-19,600 resistance. Source: BTCUSD on TradingView.com Bitcoin hits two-week high after breaking above $19,500-19,600 resistance. Source: BTCUSD on TradingView.com Meanwhile,…

Ford Shares Gained 3% as Company’s All-Electric Mustang Mach-E Hits Showrooms

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Notably, the Mustang Mach-E is similar to Tesla Model Y SUV. Both EVs by Ford and Tesla are alike in pricing, performance, and range. Ford Motor Company (NYSE: F) recorded a 3% increase in its shares as the company’s Mustang Mach-E arrives in showrooms. The Mustang Mach-E is Ford’s first all-electric vehicle under an investment plan worth $11 billion in electrification through 2022.  A CNBC report said that the global director of battery electric vehicles at Ford, Darren Palmer, commented on the new EV at a press briefing. Stating that the company has…

AMZN Stock Up 0.5%, Amazon Fashion Launches Custom Clothing Service ‘Made for You’

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Amazon is now actively seeking a way to obliterate challenges associated with online shopping, particularly in the fashion industry.  Shares of American e-commerce giant Amazon.com Inc (NASDAQ: AMZN) were up 0.55% in Wednesday’s pre-market to trade around $3,182.50. AMZN shares closed yesterday trading at $3,165, having jumped 0.26% during the day. The tweak on Wednesday is attributed to news that the company is today launching a new service for its customers to create custom clothing dubbed ‘Made for You’. Amazon is seeking a way to obliterate challenges associated with online…

Bitcoin Third-Busiest Trade as Investors Short Up Dollar

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The survey revealed that investors are increasingly optimistic about Bitcoin. The top cryptocurrency was the third-most crowded trade at 15%, beating traditional heavyweights such as gold and bonds. Investors have been slashing their cash positions in 2020, for the first time in seven years, a new survey has revealed. Bitcoin is now the third-most crowded trade, the survey also indicated. After a bleak start to the year following the outbreak of the coronavirus pandemic, investors are now optimistic about a return to economic growth, the Bank of America Corporation (NYSE:…

Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining

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One of the largest exporters of electricity in Europe has revealed details of the most significant theft they have had in history, linked to a massive illegal bitcoin mining farm in a small Bulgarian village. Bulgarian Electricity Company Uncovers Massive Electricity Theft Linked to Illegal Bitcoin Mining According to Vesti, CEZ Group and police in Bulgaria started conducting investigations on Dec. 12 in the village of Herakovo, municipality of Bozhurishte, due to growing reports of anomalies in the electricity supply. What the authorities found, the report said, was that a…