The Price of Bitcoin Falls After False SEC Announcement The price of bitcoin fell during late afternoon trading Tuesday following a false social media post from the official Twitter account of the U.S. Securities and Exchange Commission (SEC) that stated the agency had approved bitcoin exchange-traded funds (ETFs) for trading. The SEC later deleted the…
Bitcoin Price Expectations for 2024 Bitcoin had a significant rally in 2023, with the digital currency up 152% for the year. Despite some challenges, commentators expect the rise to continue. With high-profile cases behind us, cryptocurrency executives view this as an opportunity to move forward. Fervor is returning to the crypto markets, with industry executives…
The Crypto Market Awaits Green Light for Bitcoin ETF The crypto market has been eagerly awaiting the approval of a bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC). According to Mike Novogratz, CEO of Galaxy Investment Partners, this approval could come as soon as this year. In an interview with AsumeTech, Novogratz…
Tencent Reports Surge in Profit for Q2, Missing Expectations Tencent, a Chinese technology giant, reported a significant increase in profit for the second quarter. However, the company fell short of expectations. Despite this, Tencent’s cost-cutting measures started to yield positive results, with sales rising in its core gaming business, as well as its cloud and…
The US Federal Trade Commission Ponders Settlement in Battle with Microsoft over Activision Blizzard Deal The US Federal Trade Commission (FTC) is reportedly considering pausing its legal dispute with Microsoft regarding the company’s impending acquisition of Activision Blizzard. Sources familiar with the case suggest that this development opens up the possibility of a potential settlement…
Microsoft and Activision Blizzard Extend Merger Agreement Microsoft and Activision Blizzard have agreed to extend their merger agreement until October 18, 2023. The move to extend the agreement came after their initial self-imposed deadline to complete the $69 billion deal expired on Tuesday. The European Commission approved the transaction in May, and last week the…
Microsoft and Activision Blizzard Negotiating Merger Extension Microsoft and Activision Blizzard are reportedly negotiating an extension to their existing merger agreement, which expires on Tuesday. After the July 18 deadline, both companies have the right to walk away from the $69 billion deal, although Microsoft will have to pay Activision a $3 billion termination fee…
Microsoft Considering Selling UK Cloud Gaming Rights to Gain Regulatory Approval for Activision Blizzard Acquisition Microsoft is reportedly considering selling some of its UK cloud gaming rights in a bid to gain regulatory approval for its $69 billion Activision Blizzard acquisition. According to Bloomberg sources, the company could sell the cloud-based market rights for games…
Valuation of SpaceX Reaches $150 Billion The valuation of Elon Musk’s SpaceX has reached nearly $150 billion after a recent share sale by existing investors, according to sources familiar with the matter. Secondary Share Sale SpaceX has an agreement with new and existing investors to sell up to $750 million in stock from insiders. The…
NATO Summit in Vilnius: Turkey’s Objection Hinders Sweden’s Membership Introduction NATO is convening a summit in Vilnius, Lithuania, on July 11 to approve new defense plans, and is hopeful to announce the full approval of Sweden’s membership. However, Turkey’s objection has become a major hurdle in this process. In order to join NATO, countries need…
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