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Elliott Management Warns: Trump Administration's Crypto Support Could Trigger Catastrophic Crash
Elliott Management Warns: Trump Administration's Crypto Support Could Trigger Catastrophic CrashElliott Management, a $70 billion hedge fund, has issued a stark warning, arguing that the Trump administration's enthusiastic support for cryptocurrencies is fueling a dangerous speculative frenzy that could lead to unpredictable and "severe disruption" once the bubble bursts. The warning, reported by the Financial Times on Friday, January 31st, in a letter to investors, sharply criticizes the US government's embrace of these "inherently valueless" assets, accusing some politicians of supporting assets that could challenge the dollar's dominance...
Blockchain 2025-01-31 17:04:14 -
Tesla's Q4 Earnings Boosted by Bitcoin Holdings: New Accounting Standard Helps, but Profits Slightly Miss Expectations
Tesla's Q4 Earnings Boosted by Bitcoin Holdings: New Accounting Standard Helps, but Profits Slightly Miss ExpectationsTesla's Q4 2023 earnings report revealed a significant boost to its performance thanks to its Bitcoin holdings, driven by the implementation of a new accounting standard. CFO Vaibhav Taneja announced on Wednesday's earnings call that Tesla's net income received a $600 million uplift due to the adoption of a new digital asset accounting method, primarily resulting from mark-to-market gains on its Bitcoin holdings...
Blockchain 2025-01-31 15:24:57 -
China Construction Bank (CCB) Files Blockchain-Based Fee Payment Data Processing Patent to Enhance Financial Service Efficiency
China Construction Bank (CCB) Files Blockchain-Based Fee Payment Data Processing Patent to Enhance Financial Service EfficiencyFinancial News reported on January 31, 2025, that China Construction Bank Corporation (CCB) filed a patent application in September 2024 for a "Data Processing Method, Device, Equipment, Medium, and Program Product Based on Fee Payment," with the publication number CN119379293A. This patent aims to leverage blockchain technology to improve the efficiency and security of fee payment data processing, further optimizing CCB's financial services...
Blockchain 2025-01-31 15:17:22 -
Tencent Applies for a Data Processing Patent Based on Smart Contracts: A New Solution for Efficient and Secure Data Management
Tencent Applies for a Data Processing Patent Based on Smart Contracts: A New Solution for Efficient and Secure Data ManagementThe State Intellectual Property Office of China shows that Tencent Technology (Shenzhen) Co., Ltd...
Blockchain 2025-01-31 15:16:46 -
Bitcoin Rallies Sharply: Fed Holds Rates, Powell Hints at Tighter Crypto Regulation
Bitcoin Rallies Sharply: Fed Holds Rates, Powell Hints at Tighter Crypto RegulationBitcoin prices extended their biggest weekly gains, climbing 1.3% to approximately $10,513 as of 8:30 AM ET Thursday...
Blockchain 2025-01-31 15:03:37 -
Southern Power Grid Applies for Blockchain-Based Power Retail Transaction Patent: Enhancing Efficiency and Security
Southern Power Grid Applies for Blockchain-Based Power Retail Transaction Patent: Enhancing Efficiency and SecurityOn January 31, 2025, the State Intellectual Property Office of China revealed that Southern Power Grid Digital Enterprise Technology (Guangdong) Co., Ltd...
Blockchain 2025-01-31 15:02:46 -
Tech News Roundup: January 31, 2025
Tech News Roundup: January 31, 2025Friday, January 31st, 2025 saw a flurry of significant tech news. Let's recap the major events from last night and this morning...
Mobile Internet 2025-01-31 14:50:47 -
Yunnan Power Grid Applies for Patent on Blockchain and Homomorphic Encryption-Based Data Authorization Method and System, Ensuring Data Security and Privacy
Yunnan Power Grid Applies for Patent on Blockchain and Homomorphic Encryption-Based Data Authorization Method and System, Ensuring Data Security and PrivacyOn January 31, 2025, the State Intellectual Property Office of China revealed that Yunnan Power Grid Corporation's Information Center had applied for a patent titled "A Data Authorization Method and System Based on Blockchain and Homomorphic Encryption," with publication number CN119379286A and an application date of October 2024. This patent represents a significant breakthrough in data security and privacy protection, offering new possibilities for future data authorization and trading models...
Blockchain 2025-01-31 14:46:58 -
Apple CEO Tim Cook: iPhone Innovation Is Far From Over, Future Form Factor Could Subvert Expectations
Apple CEO Tim Cook: iPhone Innovation Is Far From Over, Future Form Factor Could Subvert ExpectationsApple's latest financial results were announced during the Q1 2025 (Q4 2024) earnings call. During the conference, CEO Tim Cook expressed considerable optimism about Apple's product lines, particularly the future of the iPhone...
Mobile Internet 2025-01-31 14:44:02 -
Apple CEO Tim Cook: Apple Intelligence Drives iPhone 16 Sales Beyond Expectations
Apple CEO Tim Cook: Apple Intelligence Drives iPhone 16 Sales Beyond ExpectationsDuring today's earnings call, Apple CEO Tim Cook announced that iPhone 16 sales exceeded expectations, driven significantly by the strong performance of Apple Intelligence. This news is a major boost for Apple in the fiercely competitive smartphone market...
Mobile Internet 2025-01-31 14:24:47 -
vivo's 2024 Sales Triumph: A Perfect Blend of Imaging Prowess and Channel Strength
vivo's 2024 Sales Triumph: A Perfect Blend of Imaging Prowess and Channel StrengthIn 2024, vivo phones, through a steady and consistent strategy focused on imaging and performance improvements across a wide range of price points and product categories, captured the hearts of consumers and secured the top spot in China's domestic smartphone market. This year witnessed remarkable achievements for vivo; let's delve into its impressive performance...
Mobile Internet 2025-01-30 21:43:10 -
iPhone SE4/iPhone 16e: Notch or Dynamic Island? A17 Pro or A18? Apple's New Phone Is Shrouded in Mystery
iPhone SE4/iPhone 16e: Notch or Dynamic Island? A17 Pro or A18? Apple's New Phone Is Shrouded in MysteryOn January 20th, leaker Evan Blass (@evleaks) extracted images from Apple's software code showcasing upcoming iPhone SE4 and iPad models. Surprisingly, the images depicted the iPhone SE4 with a Dynamic Island, contradicting earlier supply chain reports suggesting a notch identical to the iPhone 14...
Mobile Internet 2025-01-30 20:24:38
