Day: October 27, 2023

Elon Musk Unveils Plans to Make X Financial Hub by 2024

When Musk took over the social media giant last year, he revealed his plans to make the platform an everything app, offering users opportunities to “send money anywhere in the world instantly in real-time”.  Elon Musk, the visionary entrepreneur and CEO of Tesla Inc (NASDAQ: TSLA) and SpaceX, is spearheading a groundbreaking initiative that aims to revolutionize the way people manage their finances.  During an all-hands call with X employees on October 26, Musk provided a compelling vision for the company’s future, stating that by the end of 2024, the…

Google Trends: Buy Bitcoin Searches Surge Globally

Market observers believe that Bitcoin is nearing a pullback after its momentum this week. Data from Cryptogambling.tv has revealed a surge in ‘Buy Bitcoin’ searches by Google users globally. Worldwide, “Is it a good time to buy Bitcoin?” saw a 110% gain over the last week, according to Google Trends. In the UK alone, the search term has grown by about 826% in the past seven days. In the United States, people searching “Should I buy Bitcoin now?” spiked by more than 250%. More specific inquiries like “Can I buy…

Intel Reports Q3 2023 Financial Results, INTC Stock Soars In After-Hours Trade

Following the Q3 2023 report, Intel stock rose by more than 7% in after-hours trade, after closing the session at $32.52 per share. As of the press moment, Intel stock is trading at $35.15. Its market cap has hit $137.49 billion. Year-to-date, Intel shares are 23.04% up. The world’s largest manufacturer of central processing units and semiconductors Intel Corporation (NASDAQ: INTC) has released its Q3 2023 report. The company has managed to beat analysts’ forecast for profit and sales, which led to its stock price rising following the announcement. Intel in Q3…

Amazon Reports Better-than-Expected Q3 2023 Results, AMZN Stock Jumps 5%

For the fourth quarter that involves the key holiday season, Amazon has given its sales forecast to be between $160 billion and $167 billion. On Thursday, October 26, Amazon.com Inc (NASDAQ: AMZN) reported better-than-expected numbers for the third quarter. Amazon’s revenue for Q3 2023 jumped by 13%, a welcome development after a difficult 2022. As a result, the AMZN stock price surged by more than 5% during the extended trading hours. Amazon Performance in Q3 2023 The company’s earnings per share reached 94 cents, surpassing the anticipated 58 cents as…

Bitcoin Price Could Hit $125K by December 2024 Fueled by Heightened Institutional Demand

The report by Matrixport revealed that the fifth Bitcoin bull market officially began on June 22, 2023, with further gains anticipated amid momentum gain. The fifth Bitcoin (BTC) bull run that is expected to go parabolic after next year’s halving event has attracted notable institutional investors. More investors fleeing the market uncertainties presented by ongoing conflicts in the Middle East and the Russian invasion of Ukraine have opted for Bitcoin which has outperformed all other traditional investment instruments YTD. According to the latest market data provided through TradingView, Bitcoin price…

UN launches international effort to tackle AI governance challenges

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The United Nations Secretary-General, António Guterres, revealed the establishment of a 39-member advisory committee aimed at tackling matters related to the global regulation of artificial intelligence (AI), on Thursday, Oct. 26. According to the announcement, the roster comprises individuals ranging from tech industry leaders, government representatives spanning from Spain to Saudi Arabia, and scholars hailing from nations like the United States, Russia, and Japan. Executives from prominent technology companies include Hiroaki Kitano, who holds the position of chief technology officer (CTO) at Sony, Mira Murati, CTO of OpenAI, and Natasha…

SHIB-Themed Floki is Looking to Capture the Growing RWA Market

“The tokenization industry is projected to be a $16 trillion industry by the year 2030,” Floki lead developer ‘B’ told CoinDesk in a Telegram message. “BlackRock, the world’s biggest institutional investor with $10 trillion of assets under management, strongly believes in the industry’s potential, which they call “the next evolution in markets.” Source

Taiwan introduces crypto bill to parliament

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On Oct. 25, Taiwanese legislators introduced the Virtual Asset Management Bill to the unicameral parliament, the Legislative Yuan. The bill aims to provide “better protection” for customers and “properly supervise” the industry. The 30-page bill appears moderate in its demands for the industry. It suggests some common-sense obligations for virtual asset service providers (VASPs), such as separating customer funds from the company’s reserve funds, establishing an internal control and audit system, and joining the local trade association. However, at this point, it doesn’t require stablecoin issuers to hold a 1:1…

PEPE Leaps 90% As Meme Coin Records 155k On-Chain Wallets

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In the meme coin realm, the last week has ignited fresh momentum, and the buzz revolves around Pepe Coin (PEPE), which has witnessed a remarkable surge over the weekend. This rally has set traders’ minds racing, as they contemplate whether PEPE’s ascent could evolve into a formidable challenge to the supremacy of Shiba Inu (SHIB) and Dogecoin (DOGE). At the time of writing, PEPE was trading at $0.00000120, up 3.3% in the last 24 hours, and registered an impressive weekly increase of 90%, data from crypto market tracker Coingecko shows.…