Nvidia, once the crown jewel of the AI boom, faced an unprecedented $560 billion loss in market value Monday, marking the largest one-day drop in US stock market history, Bloomberg reported. What is Behind Nvidia Stock Fall The selloff was sparked by mounting investor concerns over Chinese AI startup DeepSeek...
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The Switzerland-based online trading company Swissquote is eying the recent memecoin frenzy to expand its services to users. The added seven meme cryptocurrencies, a term referring to digital assets originating from internet jokes or viral content.“7 new meme coins are available on SQX,” the company mentioned in an announcement from LinkedIn...
In a new turn of events, a Chinese AI chatbot has not only outpaced its American rivals but also sent shockwaves through global markets. DeepSeek, a low-cost AI app, has risen to the top of the US App Store charts, unsettling major technology firms and challenging long-held assumptions about the future of artificial intelligence.DeepSeek's Meteoric
Ripple has secured two more Money Transmitter Licenses (MTLs) in the United States, one from the state of New York and the other from Texas, the blockchain company announced today (Monday).Two Strategic US LicensesThe licenses in the two states were strategic, as Ripple pointed out that it saw strong demand for real-time global payments from
Leading online trading broker Hantec Markets and celebrated Spanish football club Atlético de Madrid have signed a multi-year sponsorship deal that will see Hantec Markets become the Club’s official online trading partner in LatAm. The sponsorship deal comes on the heels of a series of major developments at Hantec Markets...
Reading Time: 2 minutesThorchain founder has asked users to “chill” as it prepares a restructuring plan The DeFi platform’s activities will remain paused for 90 days Some crypto users consider the move a “bankruptcy freeze” Thorchain has paused its DeFi wing, ThorFi, and asked “everyone chill” as it works on a restructuring plan within the
Reading Time: 2 minutesThe European Central Bank (ECB) has emphasized the necessity of a digital euro The move would counteract US President Donald Trump’s recent executive order promoting dollar-backed stablecoins over a US Central Bank Digital Currency (CBDC) ECB Executive Board member Piero Cipollone expressed concerns that Trump’s actions could lead to European banks losing
Reading Time: 2 minutesDean Norris’s X account has been hacked to promote fraudulent cryptocurrencies for the second time in four months In September 2023, Norris’s account was used to advertise a fake token named SHRADER His account was compromised again over the weekend to promote another fraudulent token...
Reading Time: 2 minutesElon Musk has initiated discussions on integrating blockchain technology into federal operations to enhance efficiency The Department of Government Efficiency (DOGE), under Musk’s leadership, is evaluating blockchain for tracking federal expenditures and securing data Collaborations with public blockchain representatives have been undertaken to assess the feasibility of these technologies within government frameworks
Reading Time: 2 minutesFrench authorities have apprehended seven individuals in connection with the kidnapping and torture of Ledger co-founder David Balland Balland and his partner were abducted from their home, with the assailants demanding a €10 million ($10.4 million) ransom The elite police unit GIGN successfully rescued the victims after a 24-hour ordeal French police