Day: January 25, 2023

Microsoft Restores Services to Teams after Suffering Cloud Outage

Microsoft is currently in the crosshairs at the time as its stock price is likely to trail a downtrend following the release of previous quarter earnings. Following the report from different users that applications from American multinational technology giant Microsoft Corporation (NASDAQ: MSFT) are down, the company has announced that it has taken a proactive step to resolve the cloud outage. The company gave the confirmation on Twitter when it said it has rolled back a network change that it believes was causing the disruption. According to DownDetector, a platform…

Tesla Foresees Slowest Sales Growth in Three Years

The early impact of Tesla cutting prices on its products was that Chinese EV manufacturers also dropped the costs of their vehicles. Electric vehicle (EV) maker Tesla Inc (NASDAQ: TSLA) will deliver the slowest sales growth in 10 quarters during its earnings announcement on the 25th of January. The company has experienced lower deliveries, which could contribute to reduced sales growth. This comes as the EV giant cut prices on its electric cars to trigger consumer demand and restrict competition. Recently, Tesla issued huge discounts on its vehicles and has…

ASML Posts Q4 2022 Earnings Forecast, Beats Estimates on Revenue & Net Profit

Leading European tech company ASML has given higher guidance for its 2023 outing following a sound Q4 2022 earnings report.  Advanced Semiconductor Materials Lithography (ASML) recently posted its Q4 2022 financial report, which beat the earnings forecast for the period. Europe’s largest technology company raked in 6.43 billion euros for the period that ended December 31st. Meanwhile, analysts were expecting a revenue haul of 6.38 billion euros for the fourth quarter of last year. ASML also reported a Q4 2022 net profit of 1.82 billion euros compared to the consensus…

1inch Foundation Allocates 10 Million Tokens To The Delegation Incentive Program

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1inch Network, a DEX aggregating platform, has allocated 10 million INCH tokens to its Delegation Incentive Program, a press release on January 24 shows. The goal is to incentivize more 1INCH stakers to delegate their Unicorn Power to resolvers. Incentivize 1inch Stakers’ Delegation To Resolvers 1inch Network wants to increase the number of resolvers within its platform. Accordingly, it launched the 1inch Resolver Incentive Program in December 2022. The program’s goal was to compensate resolvers for the cost of gas they pay when they fill in user orders.  As part of…

ETH Falls Below $1,600 as Relative Strength Sinks – Market Updates Bitcoin News

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Ethereum moved below $1,600 on Jan. 25, with bears selling previously overbought cryptocurrencies. After days of uncertainty, sentiment shifted in crypto markets, with a red wave washing away recent bulls. Bitcoin also dropped below $23,000 as a result of today’s sell-off. Bitcoin Bitcoin (BTC) fell below the $23,000 level on Wednesday, as a red wave swept through cryptocurrency markets. Following a high of $23,048.18 on Tuesday, BTC/USD hit an intraday low of $22,406.08 earlier in today’s session. As a result of today’s drop in price, bitcoin fell to its weakest…

Why less may be more when building Web3

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To build secure and resilient Web3 systems, transparency alone is not enough. By placing greater emphasis on simplicity, we can make the peer-review of code more effective and minimize security breaches in the Web3 space. The rise and fall of security through obscurity We are used to the intuitive idea that security is somehow intertwined with secrecy. We keep our passwords secret and our valuables hidden. For decades, software engineers followed a similar approach to cybersecurity. The source code of computer software was kept private. In the event of a…

UK Bitcoin community reacts to incoming CBDC and digital pound rollout

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The UK Government’s economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as “Important, complex, and cross-cutting” and will “require extensive engagement across and beyond the HM Treasury.” According to the Linkedin post, the Treasury and the Bank of England are working together through the CBDC Taskforce to explore the case for a digital pound. The role of the Head of CBDC may bring the UK government closer to its…

Did Binance Make an Honest Error With Customers’ Funds?

Binance mistakenly kept collateral for some of the crypto assets it issues in the same wallet as funds belonging to its customers, Bloomberg reported Tuesday. The exchange issued 94 so-called Binance-peg tokens (B-Tokens), and reserves for almost half of those are stored in a cold wallet called Binance 8. The wallet contains more tokens than required for the number of B-Tokens issued. The issue is, when collateral is pooled together and used for trading, it’s locked up, and clients or holders of assets may not be able to withdraw if…

Keith Comito on the benefits of blockchain tech and decentralization in longevity research

Lifespan.io President and co-founder Keith Comito was into longevity before longevity was cool. “We started our nonprofit back in 2014,” Comito said. “Back then, few credible researchers would be caught dead saying they were working on aging. It was still kind of a scientific backwater. So, we wanted to emulate what the cancer research advocates did, starting in the ‘40s.” He said those early advocates identified the most credible research at the time and used “old-school” fundraising approaches like telethons to crowdfund for their work. They built a grassroots movement…