Bitcoin miners are bracing for a significant revenue hit as the "Bitcoin halving" event approaches. This event, which occurs every four years, will reduce the amount of Bitcoin that miners can earn each day for validating transactions. Around April 20, the halving will cut the amount of Bitcoin that...
Read moreApple has significantly increased its iPhone production in India, reaching a total value of $14 billion. This marks a doubling of output compared to previous years, with 14% of iPhones now being produced locally. The boost in production comes as Apple aims to expand its presence in the Indian...
Read moreIn a significant move to bolster domestic semiconductor production, the United States has announced plans to provide Taiwan Semiconductor Manufacturing Co. (TSMC) with $6.6 billion in grants and up to $5 billion in loans. This funding will support TSMC's endeavor to establish new chip manufacturing facilities in Arizona, as...
Read moreIn a bold prediction, Ripple CEO Brad Garlinghouse anticipates that the cryptocurrency market will double in size to reach a staggering $5 trillion by the end of 2024. This optimistic outlook comes as the digital asset industry continues to gain momentum and attract significant interest from both individual and...
Read moreIn a challenging landscape for electric vehicle manufacturers, Tesla Inc. is experiencing a significant drop in market share in China, the world's largest automotive market. The company's struggles in China are part of a broader global slowdown in EV demand, leading to Tesla's largest quarterly sales miss to date....
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