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Federal Reserve Chair Powell: Bitcoin's Competitor is Gold, Not the Dollar; Crypto Market Sees Wild Swings, Over 160,000 Liquidations
Federal Reserve Chair Powell: Bitcoin's Competitor is Gold, Not the Dollar; Crypto Market Sees Wild Swings, Over 160,000 LiquidationsAnother Hong Kong-listed company, BOYA Interactive (HK00434), also drew attention due to its cryptocurrency holdings. On November 12th, the company announced that, as of the announcement date, it held 2,641 Bitcoins at a total cost of approximately $143 million (average cost of approximately $54,000 per coin) and 15,400 Ethereums at a total cost of approximately $42...
Blockchain 2024-12-05 09:51:58 -
Tencent Files Blockchain-Based Data Processing Patent: Ensuring Transaction Data Validity
Tencent Files Blockchain-Based Data Processing Patent: Ensuring Transaction Data ValidityOn December 5, 2024, the State Intellectual Property Office of China revealed that Tencent Technology (Shenzhen) Co., Ltd...
Blockchain 2024-12-05 09:04:49 -
Tencent Files Blockchain-Based Data Processing Patent to Enhance Data Anonymity and Reliability
Tencent Files Blockchain-Based Data Processing Patent to Enhance Data Anonymity and ReliabilityOn December 5, 2024, the State Intellectual Property Office of China revealed that Tencent Technology (Shenzhen) Co., Ltd...
Blockchain 2024-12-05 08:59:24 -
Putin's Bitcoin Endorsement: Russia's Strategic Shift Towards Crypto
Putin's Bitcoin Endorsement: Russia's Strategic Shift Towards CryptoRussian President Vladimir Putin's recent public endorsement of cryptocurrencies, particularly Bitcoin, marks a strategic shift in Russia's response to Western sanctions and its pursuit of economic independence. He questioned the necessity of holding massive foreign exchange reserves, suggesting crypto assets like Bitcoin could be a more reliable alternative...
Blockchain 2024-12-05 08:56:41 -
OpenAI Surpasses 300 Million Weekly Active Users, Aims for 1 Billion, Challenges Tech Giants
OpenAI Surpasses 300 Million Weekly Active Users, Aims for 1 Billion, Challenges Tech GiantsDecember 5th brought news that OpenAI, the highly-regarded American AI startup, has reached a new milestone: over 300 million weekly active users. This comes after months of executive changes, acquisition offers, and soaring valuations...
Industry dynamics 2024-12-05 08:26:03 -
DeepMind Unveils Genie2: An AI Model Generating 'Endless' 3D Worlds
DeepMind Unveils Genie2: An AI Model Generating 'Endless' 3D WorldsOn December 5th, Google's AI research arm, DeepMind, launched Genie2, a novel AI model capable of generating 3D worlds with seemingly limitless possibilities and diverse styles. An upgrade to the Genie model released earlier this year, Genie2 creates interactive, real-time 3D environments from just an image and a text prompt...
Industry dynamics 2024-12-05 08:23:32 -
MicroStrategy: High-priced Stock Issuance Fuels Continued Bitcoin Bet
MicroStrategy: High-priced Stock Issuance Fuels Continued Bitcoin BetMicroStrategy (MSTR.US), one of the world's largest corporate holders of Bitcoin, is raising capital through large-scale stock issuances to further expand its Bitcoin reserves...
Blockchain 2024-12-05 06:49:16 -
Bitcoin Breaks $99,000 After Trump Nominates Pro-Crypto SEC Chair
Bitcoin Breaks $99,000 After Trump Nominates Pro-Crypto SEC ChairBitcoin surged past the $99,000 mark on December 5th, experiencing a 3.4% intraday gain...
Blockchain 2024-12-05 05:03:44 -
The Huawei Mate70 Series Officially Launches, HarmonyOS NEXT Public Beta Begins Simultaneously, and AI Message Companion Feature Explained for Wearables
The Huawei Mate70 Series Officially Launches, HarmonyOS NEXT Public Beta Begins Simultaneously, and AI Message Companion Feature Explained for WearablesOn December 4th, 2023, at 10:08 AM, the highly anticipated Huawei Mate70 series smartphones officially went on sale. The Mate70 series includes four models, starting at 5499 yuan, offering consumers a wider range of choices...
Mobile Internet 2024-12-05 02:11:54 -
Huawei Mate70 Series Launch a Resounding Success: A Loyang "Fan" and His Decade-Long Collection Witness the Rise of Domestic Smartphones
Huawei Mate70 Series Launch a Resounding Success: A Loyang "Fan" and His Decade-Long Collection Witness the Rise of Domestic SmartphonesThe Huawei Mate70 series launched simultaneously online and offline on December 5th, sparking a buying frenzy across numerous Huawei offline stores nationwide. Queues snaked around the block, showcasing the immense brand appeal of the Mate series and highlighting the remarkable achievements of Chinese brands in technological innovation and market competition...
Mobile Internet 2024-12-05 01:31:51 -
Huawei Mate70 Series Launch a Resounding Success: Satellite Paging Ushers in a New Era of Communication
Huawei Mate70 Series Launch a Resounding Success: Satellite Paging Ushers in a New Era of CommunicationThe highly anticipated Huawei Mate70 series, encompassing the Mate70, Mate70 Pro, Mate70 Pro+, and Mate70 RS Porsche Design, launched its initial sale this morning, starting at 5499 yuan. However, the initial stock sold out instantly, with all four models temporarily unavailable...
Mobile Internet 2024-12-04 21:44:11 -
South Korea's Cryptocurrency Market Flash Crash: A Short-Term Shock Driven by Political Turmoil and Market Fragility
South Korea's Cryptocurrency Market Flash Crash: A Short-Term Shock Driven by Political Turmoil and Market FragilityOn the evening of December 3rd, a stunning flash crash occurred on Upbit, a major South Korean cryptocurrency exchange, with Bitcoin plunging nearly 30% within minutes to around $62,000 (approximately 88 million KRW) before swiftly recovering. This event garnered global attention, its cause attributed to a confluence of factors: the short-term impact of domestic political instability in South Korea, and the inherent structural and liquidity vulnerabilities within the South Korean cryptocurrency market itself...
Blockchain 2024-12-04 21:10:09
