SOLNA, Sweden & SANTA BARBARA, Calif.--(BUSINESS WIRE)--May 22, 2023--

Weeks after its international launch, Worldcoin is drawing the attention of privacy regulators around the world

Ninja's fans have turned the now-deleted tweet about his wife, Jessica Blevins, into an inside joke and usually share it on the same date every year

Bitcoin is trading at its highest level in more than 18 months, with its price up more than 100 per cent since the start of 2023. The rally has pushed bitcoin’s market cap above $700 billion and the overall crypto market close to $1.5 trillion. The figure is still a long way from its all-time high of around $3 trillion, which was reached at the end of 2021, however some crypto analysts believe the recent gains are the beginning of another record-breaking run. Bitcoin’s hash rate – which denotes how much computing power is required to verify transactions and generate new units of the cryptocurrency through a process called mining – hit a record high this week, according to data from Blockchain.com. This signals a resilient network, with hopes of future price gains attracting an increasing number of miners. Recent reports have revealed significant investment in cryptocurrency mining from both state-backed and commercial ventures. Tether, the issuer of the stablecoin USDT is planning to invest $500 million in mining, while satellite imagery analysed by Forbes suggests Bhutan’s government is establishing a massive bitcoin mining operation in the foothills of the Himalayas. Separate data reveals that miners have been profiting from cheap energy sources to reduce their average BTC production cost by 35 per cent from $21,100 to $13,800. “This data underscores a considerably stronger profitability in the mining sector compared to the challenges experienced throughout 2022 and part of 2023,” said research analyst Matteo Greco from the fintech investment firm Fineqia International. In roughly six months, bitcoin will undergo an event known as a “halving”, which will see the amount of new bitcoins awarded to miners cut by half. The event was hardcoded into bitcoin’s underlying blockchain by its pseudonymous creator Satoshi Nakamoto, who introduced it as an anti-inflationary measure when the cryptocurrency first launched in 2009. Taking place approximately every four years, the build up to the halvings have traditionally been the most profitable time for crypto investors. “Buy bitcoin six months before a halving and sell 18 months after a halving has historically beaten ‘buy and hold’ trading strategy,” Dutch crypto trader PlanB wrote earlier this year. “The next halving is April 2024... Will this strategy work again?” Read More Google issues one-week deadline to Gmail account holders UK and South Korea issue warning over North Korea-linked cyber attacks Researchers warned of dangerous AI discovery just before OpenAI chaos Crypto experts predict which bitcoin rivals to look out for

Google confirmed it will lay off hundreds of staff members who helped recruit and hire employees, as Silicon Valley continues its cost-cutting efforts.

Tesla engineers were so upset with the design of the company’s Cybertruck pickup truck that they secretly crafted alternative designs, according to the firm’s chief designer. Speaking to Walter Isaacson, whose biography on Tesla boss Elon Musk came out this week, Franz von Holzhausen said the unconventional shape of the stainless steel truck caused dissent among workers. The as-yet-unreleased Cybertruck takes inspiration from the pointy design of the 1960s Lotus Esprit, as well as video games and sci-fi movies. “A majority of people in this studio hated it,” said chief designer Franz von Holzhausen. “They were like, ‘You can’t be serious.’ They didn’t want to have anything to do with it. It was just too weird.” After seeing a full-size mock-up of the futuristic pick-up truck, some designers began secretly designing an alternative version. A spokesperson for Tesla did not respond to a request for comment. Mr Musk was reportedly adamant from the outset that the design of the electric pickup truck would “look like the future” and refused to concede to more conventional design ideas. “We’re not doing a traditional boring truck,” Mr Musk said during one meeting in October 2018. “We can always do that later. I want to build something that’s cool. Like, don’t resist me.” The biography, which saw Mr Isaacson shadow Mr Musk for two years, also revealed other instances of Tesla employees keeping projects alive, even after it had been officially scrapped. After the Tesla boss became disinterested in developing a $25,000 mass-market car, repeatedly vetoing the idea in meetings, Mr von Holzhausen reportedly kept the concept alive as a “shadow project”. His biographer describes Mr Musk as “fiercely stubborn” with a “reality-distorting wilfulness and a readiness to run roughshod over naysayers”. The Tesla Cybertruck was first unveiled to the public at an event in November 2019, offering people the chance to reserve one with a $100 deposit. More than 200,000 orders were received within the first three days, according to Mr Musk, however it has taken until this year for production to actually begin. The first deliveries to customers are expected to take place later this year. Read More Elon Musk makes prediction for imminent Starship launch Volcano discovery could power electric cars for decades, scientists say Elon Musk ‘borrowed $1bn from SpaceX’ at same time as Twitter acquisition Elon Musk became ‘anti-woke’ because of his daughter’s gender transition, book claims

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Texas Governor Greg Abbott’s first appointee to help the state’s utility regulator after a deadly 2021 blackout plans

First off, let me say, I know, I know: We do not need more social

The average number of people playing Apex Legends in November is over 63 million, likely due to Season 19's new Legend and Post Malone Event.

(Reuters) -Cisco Systems cut its full-year revenue and profit forecasts on Wednesday in a sign that demand for its networking

MrBeast said, 'I’m miserable a lot of times, I have a mental breakdown every other week because I push myself so hard'