Its second-quarter revenue of $1.93bn topped analysts’ expectations by $70 million, indicating an upside of 26% from the past year period. The sharp revenue growth from computing and graphics segments helped in generating massive revenue growth. Its computing and graphics segments revenue surged 45% year over year. The company expects third-quarter revenue in the range of $2.45-2.65B, up close to 45% from the year-earlier, and representing a growth of 32% from the previous quarter, thanks to revenue expectations from Ryzen and Epyc processor sales....

The computer created by Australian tech startup Silicon Quantum Computing was designed by building an integrated circuit using atomic components in silicon, Australian news platform SMH reported on June 23. Notably, the latest breakthrough comes almost a decade after the startup declared that researchers had fabricated the world’s first single atom transistor. Possibility to emulate nature The latest innovation has possible use cases like the creation of efficient solar panels, drugs, and creating entirely new materials and fertilisers to boost agricultural output....

Cryptocurrencies such as Bitcoin are frequently used as a medium of payment in the dark web. Buyers of illegal drugs would pay for their purchase in crypto and then receive the substance through the postal service. ‘Crypto King’ Adivirkar, known as the ‘Crypto King’ in the underground drug circuit, reportedly facilitated these crypto-based transactions. He would receive cash from his clients and, in turn, use his crypto wallet to purchase the hallucinogenic drug LSD and other illicit substances from the darknet on their behalf....

The market valuation that has been revised due to factors like the impact of the Covid-19 pandemic currently stands at $339.7 million, with regions like the United States and China remaining dominant, the research published on June 27 by Global Industry Analysts indicates. As of 2021, the U.S. market had an estimated valuation of about $136.8 million and will lead the growth alongside Japan and Canada. In Europe, Germany is expected to have an estimated compounded annual growth rate of 19....

Speaking on Bloomberg Surveillance, global commodities head at Bank of America, Francisco Blanch, expects Brent crude oil to soar to $150 a barrel by this summer, with a probable “ugly scenario” leap beyond $200 per barrel if European countries implement oil sanctions on Russia. Despite the expectation that the war will be lengthy and have long-term ramifications for the commodities markets, some analysts believe Brent could rise above $150 per barrel by June before swiftly going back down....

Indeed, Dr. Weaver called the cryptocurrency market “a self-assembled Ponzi scheme” and “such insipid garbage that I can only teach it for the purposes of mocking it,” in a podcast Cryptonite hosted by Rich Goldberg and published on June 26. Explaining his standpoint, he stressed that: ‘A Ponzi scheme used for more Ponzi schemes’ Moreover, Dr. Weaver clarified that this means that every person who “won” comes “at the expense of some equal amount of loss elsewhere,” but also that “the system has certain inefficiencies that means that literally burns billions of dollars a year up the smoke stack....

According to Sorkin, Bankman-Fried is likely to get more charges, noting that the FTX collapse has co-conspirators who are likely to be arrested in the coming days, he said during an interview with CNBC on December 14. He noted that with the charges being conspiracies, there is a high possibility that other perpetrators are likely to be arrested once the investigations are complete. However, the lawyer pointed out that different factors will influence the sentence against Bankman-Fried....

The crypto exchange announced that a cross-chain bridge connecting with its BNB Chain had been hacked, giving cybercriminals the ability to steal BNB tokens from the network. However, since then, the network has resumed operations with not much impact on the price of the token. Speaking with CNBC’s Squawk Box on October 7, Changpeng Zhao, more commonly known as CZ within the crypto space, stated that sentiment around the digital asset remains ‘extremely strong’ despite the network suffering a breach....

He discussed the top crypto features that can address the world’s current financial challenges. According to Mr. Hywel, BTC is more accessible than cash or bank cash, so it becomes increasingly popular in developing nations, where about 1.7 billion adults remain unbanked. George added that besides being a potential medium of exchange, Bitcoin also serves as a store of value in an inflationary world. Challenges for bitcoin Despite the bull cases for Bitcoin, George says that there are still problems with the king coin....

On Wednesday, Governor Yuriko Koike called on residents to cooperate by staying at home as much as possible while minimizing nonessential gatherings. According to the governor, it was time the city took drastic action to contain the crisis. By press time, Japan had over 2,000 cases of the novel coronavirus and 50 deaths, including those from the Diamond Princess cruise ship. Retail investors show interest in Bitcoin Amid the lockdown speculations in Tokyo, there has been a drastic spike in the number of registrations of retail Bitcoin investors....

Some of the major crypto mining companies such as Marathon Digital Holdings (NASDAQ: MARA), Riot Blockchain (NASDAQ: RIOT), Hut 8 (NASDAQ: HUT), and Core Scientific (NASDAQ: CORZ), increased their share price over the past 30 days by 124.12%, 96.69%, 98.95%, and 110.39% respectively. It seems that crypto mining stocks were deep in oversold territory, and the rally seen over the past month could be attributed both to a rebound from those levels coupled with a rally in crypto initiated mostly by Ethereum (ETH) as it nears its transition to proof-of-stake (PoS) network....

The pseudonymous Dutch trading expert known for his Bitcoin stock-to-flow (S2F) model has been closely pathing out the trajectory for the flagship digital asset with the price based on the model set to hit over $100,000 by the end of 2021. On Tuesday, November 2, 2021, Plan B took to Twitter to confirm that the model he has laid out is running “like clockwork.” What is the stock-to-flow model The prominent crypto analyst has three different types of models....

In a blog post, the company revealed that its new focus is on using environmentally friendly materials. Under the strategy, the company will also increasingly deploy a ‘circular economy’ in production. Some of the materials the automaker plans to use include hemp, flax, and kenaf fibers. The materials will be used for interior production. Notably, hemp, which is linked to marijuana, is increasingly gaining traction in production as global focus turns on reducing carbon emissions....

Indeed this news will come as a comfort to shareholders who have watched Boeing’s revenue fall while its debt has risen at an alarming rate over the last two years. Currently, Boeing stock is forming higher lows in the market, a bullish sign, but it is also in triangle breakout territory, as seen in the chart below. Hence, a volatile week for the Boeing stock might be imminent. As the firm is trading below the blue trend line, the upcoming days will be crucial in determining where it will head – as in general, there was not a lot of trading volume in June, and sellers tended to dominate that month....

The affected employee works at Boeing’s Everett factory located near Seattle in the northwestern part of Washington State. This region is among the most affected by the COVID-19 illness outbreak in the United States. Despite this announcement, the Boeing (BA) stock is up 1.69% trading at $231.01. However, everything seems to be going wrong for the aviation company with demand drying up amid coronavirus fears. Google restrictions On the other hand, Google, on March 9, restricted visits to its Silicon Valley offices....

Note that the number of Cardano wallets has increased by 3.66% since the beginning of February 2022, growing from 299,241,7 on February 1 to 3,101,997 on February 24, representing a total increase of 109,580, according to the statistics released by Cardano Blockchain Insights. Since the start of February, a total of 4,565 new wallets have been added to the network on a daily basis. Cardano hits 3 million wallets in 2022 Earlier this month it was announced earlier this month by Finbold that the total number of ADA wallets passed 3 million milestone on February 3....

During this period of growth, figures from Pooltool, a Cardano data aggregation tool, indicate that ADA’s staking wallets reached a total stake addresses of 942,117 on November 10, 2021, notable since the figures on September 10, 2021, the platform has added 121,093 wallets, an increase of 14.7% from 821,024 addresses. Additionally, the entire amount of ADA staked is valued at $53.6 billion, or 72.17% of the total currency supply. ​​Cardano also hit over 2 million wallets on November 2....

According to crypto data intelligence platform Coinmetrics, ADA’s active addresses have grown 417.81% between January 1 and April 28, 2021, highlighting the surging interest in the asset. Consequently, the transaction count is up 382.84% for the same period. In recent months the Cardano blockchain has experienced massive interest alongside adoption, with ADA price gaining 660% this year and hitting a new all-time high of almost $1.5. The rally has correlated with the entire cryptocurrency market, but the development of the Cardano blockchain has acted as the main catalyst for an increase in price and active addresses....

Indeed, the class action, proposed to a federal court in the U.S. state of New Jersey, alleges that Celsius incurred $10 billion by selling unregistered securities in a Ponzi scheme and convinced investors to purchase its financial products at inflated rates, Law360 reported on July 14. The class action suit document was made available by former U.S. Securities and Exchange Commission (SEC) enforcement attorney John Reed Stark, who posted it on his Twitter account on July 15....

Troubles seem to have started at Celsius when Bitcoin fell below $30,000 and the entire market saw drawdowns. Jacob Silverman, a journalist, commented on Twitter that in a short period of time Celsius assets under management are down by $5 billion: The CEL token is down 3.69% in the last 24 hours, trading at $0.799, it has also lost more than 20% over the past week and a painful 63% over a two-week period....