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Rivian Reports Mixed Q1 2023 Results, RIVN Shares Up 5.5% After Hours
By Steve Muchoki
• 3 mins read
Rivian previously announced that it produced 9,395 electric vehicle units during the first quarter of 2023 but managed to deliver 7,946 vehicles to customers.
Litecoin’s Daily Transactions Catches Up with Bitcoin amid BRC-20 Fueled Network Congestion
By Steve Muchoki
• 3 mins read
According to on-chain data from Glassnode, the Litecoin network exceeded the Bitcoin ecosystem in new addresses created for the first time.
Tether (USDT) Emerges as Prefered Stablecoin amid US Banking Crisis with Over $86B in Total Supply
By Steve Muchoki
• 3 mins read
The stablecoins market is expected to significantly grow amid the mainstream adoption of Bitcoin and other digital assets globally.
‘Invest with Inflation, Not against It,’ Says Robert Kiyosaki
By Steve Muchoki
• 3 mins read
Kiyosaki believes Bitcoin price will continue soaring up as high as $500k in the coming years, purely fueled by inflation.
Ripple CEO Brad Garlinghouse Reveals Legal Cost of Fighting SEC at Dubai Fintech Summit
By Steve Muchoki
• 3 mins read
Garlinghouse expects the Judge to issue a summary ruling on the SEC vs Ripple case before the end of this year.
Binance Resumes Bitcoin Withdrawals after Second Temporary Pause in 24H
By Steve Muchoki
• 3 mins read
Despite the huge withdrawals and the network congestion, Binance had since resumed Bitcoin operations during the early Asian market on Monday.
Foxconn Says April Sales Drop 12% due to Decline in Smartphone Shipments
By Steve Muchoki
• 3 mins read
The growth of artificial intelligence technology is expected to increase the overall demand for fast-processing electronics.
AMD Shares Jump 6% after Report that Microsoft Ordered AI Chip Development
By Steve Muchoki
• 3 mins read
Microsoft and AMD are working on an artificial intelligence (AI) chip with a code name Athena.
PacWest Shares Dips 50%, Western Alliance Stock Down 38% Raising Further Fears of US Banking Collapse
By Steve Muchoki
• 3 mins read
The demise of several United States regional banks including PacWest has come amid the rise of top banks – like Bank of America, and JPMorgan – and Fintechs – like Binance, and Coinbase Global.
FTX Officials Seek to Recover Over $3.88B from DCG-backed Genesis Global
By Steve Muchoki
• 3 mins read
The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection.