Bitcoin dropped 6.1 percent to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9 percent from the year’s high of $48,234 on March 28. Several big players in the cryptocurrency markets have had difficulties, and further declines could force other crypto investors to […]
Reuters
Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. Compared with conventional 5-nanometre chips, the newly developed first-gen 3-nanometre process can reduce power consumption by up […]
The U.S. securities regulator on Wednesday rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world’s biggest digital asset managers, on the NYSE Arca exchange. Grayscale responded with a legal challenge to the decision, the latest in a series of rejections of proposals for U.S. listings of spot […]
Alphabet unit Google has been targeted by a French consumer group and its peers in complaints to privacy watchdogs over its vast trove of users’ personal data harvested via their Google accounts, European consumer organisation BEUC said on Thursday. In addition to the French consumer group, others in Greece, the Czech Republic, Norway and Slovenia […]
British commercial electric vehicle (EV) startup Tevva on Thursday launched its first truck with a hydrogen fuel cell booster which should drive up to 310 miles (499 km) and provide fleet operators with greater zero-emission range. Tilbury, England-based Tevva has so far raised $140 million from investors and later this year will launch production of […]
The EU deal to phase out combustion engine cars in just over 12 years is challenging, but a more daunting obstacle will be making enough batteries to power the electric cars needed as a result, a senior Volkswagen executive said on Wednesday. The comment was made after European Union countries clinched deals on proposed laws […]
Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an industrial metaverse – an enhanced virtual reality for companies to reduce the costs of running their factories, buildings and speed up new product design. The deal is a cornerstone of Siemens Xcelerator, a new open digital platform also launched by the […]
Construction is due to begin on Wednesday on what could become the world’s biggest plant to capture carbon dioxide from the air and deposit it underground, the company behind the nascent green technology said. Swiss start-up Climeworks AG said its second large-scale direct air capture (DAC) plant will be built in Iceland in 18-24 months, […]
Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have formed a strategic partnership to design, develop and make semiconductor solutions, the firms said on Wednesday. The move comes as a persistent global shortage of semiconductor chips has hobbled the automotive and electronics industries, among others, forcing production cutbacks, while highlighting global dependence on a […]
Sony Group Corp said on Wednesday it’s launching a new line of headphones and monitors targeting the growing PC market for videogames as the Japanese conglomerate looks beyond its core PlayStation console gaming audience. Sony, whose PlayStation 5 console has been affected by supply chain snarls, last month announced a pivot towards releasing more titles […]