Financial Markets

Bitcoin Rise Sees Market Cap Cross $1 Trillion

Value of all bitcoin in circulation, or market cap, on Wednesday rose above $1 trillion mark for first time since…

10 months ago

Nvidia Now Worth More Than Amazon, Amid AI Chip Demand

Nvidia now worth more than the e-commerce and cloud giant Amazon, thanks to ongoing industry demand for AI chips

10 months ago

ARM Shares Nearly Double Amid AI Surge

Shares in ARM Holdings have exploded over the past week, after an optimist forecast almost doubled its share price

10 months ago

Jeff Bezos Offloads $2 Billion Worth Of Amazon Shares

Not enough yachts? Amazon founder Jeff Bezos sells 12 million shares for $2bn, after relocating to tax friendly Florida

10 months ago

Elon Musk Ordered To Testify In SEC Twitter Takeover Probe

SEC doubles down and orders Elon Musk to testify again, for investigation of his $44 billion Twitter purchase

10 months ago

Hacking Victims Paid $1.1bn In Ransoms Last Year

Chainalysis report finds ransomware victims paid cybercriminals a record $1.1 billion in cryptocurrency in 2023

11 months ago

TSMC To Build Second Factory In Japan

World’s largest chipmaker TSMC confirms it will build second fab in Japan, with backing from Sony and Toyota

11 months ago

Meta Pleases As ‘Year Of Efficiency’ Pays Off With FY23 Results

Mark Zuckerberg and his “year of efficiency” pledge made in Feb 2023, has been viewed as successful by investors

11 months ago

Apple Lowers iPhone Forecast, As Tim Cook Touts ‘AI Announcement’

Modest increase in first quarter profit and revenues, as Apple lowers iPhone shipment forecast, amid China sales decline

11 months ago

UK Police Holding Bitcoin Worth £1.4 Billion – Report

One of the world’s largest asset seizures saw British police in 2018 seize four devices containing more than 61,000 bitcoin

11 months ago

FTX Abandons Crypto Exchange Return

No coming back. Attorney for FTX confirms attempts to restart disgraced crypto exchange have been abandoned

11 months ago

Alphabet’s Ad Revenue Miss Punished By Investors

Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss

11 months ago

Microsoft Profit Rises 33 Percent Thanks To AI, Cloud

Strong AI adoption and cloud helps Microsoft deliver another strong quarterly performance, amid $3 trillion valuation

11 months ago

Binance Founder Changpeng Zhao Refused Permission To Leave US, Again

US judge refuses to allow Binance founder Zhao to travel to UAE, despite pledge of $4.5 billion equity stake in…

11 months ago

Netflix Subscribers Surge Amid Password Crackdown

Saturated streaming market? Netflix pleases investors by recording notable rise in paid subscribers, on top of strong Q4 financials

11 months ago

Elon Musk Seeks Larger Tesla Stake Ahead Of AI, Robotics Push

Tesla boss wants 25 percent controlling stake in EV giant, before growing firm to be AI and robotics leader

11 months ago

Crypto Firm HashKey Attains Unicorn Status With $100m Funding Round

Hong Kong-based crypto firm HashKey Group attains valuation greater than $1bn after $100m funding round, in sign of digital asset…

11 months ago

Microsoft Briefly Overtakes Apple As Most Valuable Tech Company

Microsoft briefly overtook Apple as the most valuable tech company in the world, after share price pushed market cap to…

12 months ago

SEC Approves Bitcoin ETFs, As Crypto Industry Rejoices

Watershed moment? What does US SEC approval of bitcoin ETFs mean for the bitcoin and entire crypto market?

12 months ago

SEC Investigates After Fake Post On X/Twitter Account

US securities regulator confirms unknown individual accessed its X social media account to post false message about ETFs

12 months ago

Terra Co-Founder Do Kwon Violated US Law, Judge Rules

US judge sides with SEC, after ruling Do Kwon and Terraform Labs violated US law by failing to register two…

12 months ago

Toshiba Delisted From Toyko Stock Exchange After 74 Years

End of an era for Japanese electronics giant Toshiba, as it undergoes transition into private ownership after years of upheaval

1 year ago

Bank Of England, FCA Propose Rules To Regulate Bank’s Tech Reliance

Financial Conduct Authority, Bank of England publish proposals to bolster tech resistance of the financial sector

1 year ago

Binance Founder Changpeng Zhao To Remain In United States

Judge sides says former Binance CEO Changpeng Zhao must remain in the US whilst he considers he request to return…

1 year ago

Binance Founder Zhao Pleads To Leave United States

Former Binance CEO Changpeng Zhao urges US judge to reject DoJ request to stop him leaving the United States before…

1 year ago

Nissan To Invest £3bn, Switch All UK Models To Full Electric

Japanese car maker to invest £3 billion as it confirms all three models made at UK plant will go 100…

1 year ago

Terra Co-Founder Do Kwon To Be Extradited

Court in Montenegro approves extradition of 'cryptocurrency king' Do Kwon, but to which country? South Korea or United States?

1 year ago

Binance Sees $956m Funds Withdrawn, After CEO Pleads Guilty

Investors have withdrawn $956m from Binance since Changpeng Zhao pleaded guilty and stepped down as part of $4bn settlement

1 year ago