Piero Cipollone has warned that stablecoins could drain bank deposits as Coinbase fell 1.75% to $157 and Circle lost 6% across five sessions to trade near $60. Summary Piero Cipollone warned that growing stablecoin use could pull deposits away from traditional banks. Coinbase shares are testing $157 support, with Compass Point maintaining a $140 downside…
A glitch with Amazon Web Services’ billing operation led some customers to believe they owed the world’s fifth most valuable company billions of dollars. Oops! Bill Radjewski, who runs CollegeFootballData.com, was one of the affected customers. This morning, he woke up to a jarring email alert from AWS: He had racked up more than $1.5…
Key Takeaways Venezuelan Binance P2P volumes hit $1.4B in a month, proving crypto is a primary currency exchange channel. This massive USDT volume equaled 88% of central bank forex sales, exposing traditional market limitations. Easing US sanctions will boost traditional forex sales, expected to lower future Binance trading volumes. USDT Trading Hits Record Levels In…
In the latest Bitcoin news, Strategy (MSTR) is trading roughly 43% below what a discounted cash flow (DCF) model says it is worth, and it just sold $216 million in Bitcoin to pay preferred dividends. Those two facts sit in direct tension, and resolving that tension is what determines whether MSTR is a bargain or…
Agility Robotics is opening a 60,000-square-foot facility to train its humanoid robots in Fremont, California, just up the highway from the factory where Tesla is expected to start manufacturing its Optimus robots this year. Tesla has increasingly bet on Optimus. Elon Musk recently said he expects it to be “the biggest product ever” once it’s…
FTX has scheduled its fifth creditor distribution for July 31, preparing to return nearly $900 million as founder Sam Bankman-Fried’s efforts to secure clemency face political resistance. Summary FTX will begin its fifth creditor distribution, worth nearly $900 million, on July 31. Preferred shareholders will receive another $18 million, lifting total trust payments to $95…
Samsung has clarified that withdrawing consent for Health AI training removes only data collected for AI development, not users’ existing health records or syncing access. The post Samsung Says Health AI Opt-Out Will Not Delete User Records appeared first on TechRepublic. Source link
Key Takeaways Bitcoin fell 1.4% below $63,600 on July 17, hitting a session low of $62,732 as post-CPI sentiment faded. Middle East tensions and an AI stock sell-off dragged global tech indices and the crypto market down 1.8%. Nansen’s analyst expects a brief flush before accumulation resumes, noting smart money long ratios at 1.58. Tech…
Bitcoin is taking hits from two directions at once. BTC USD price is around $62,832, that headline number represent a brutal 48 hours that pushed the price below $63,000, a level traders treat as the structural floor for any credible bull case. Whether that floor holds depends heavily on events unfolding far outside the crypto…
Apple’s MacBook Neo certainly shook up the entry-level laptop market when it arrived in March, but Dell already had plans to do the same with its budget-friendly XPS 13. Here’s how these two match up and which you should get. Source link
