List of All Articles with Tag 'tec'

Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters Read More How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin Bitcoin’s price is crashing dramatically PayPal launches dollar-backed cryptocurrency World’s first ‘superfast’ battery offers 400km range from 10 mins charge

When college administrator Lance Eaton created a working spreadsheet about the generative AI policies adopted by universities last spring, it was mostly filled with entries about how to ban tools like ChatGPT.

The world’s largest battery maker has launched what it claims is the first ever “superfast charging” battery capable of delivering 400 kilometres (249 miles) of range from just a 10 minute charge. China’s Contemporary Amperex Technology Limited (CATL) said its new lithium-ion battery would open up a new era for electric cars and eliminate range anxiety for owners. On a full charge, the battery holds enough charge to travel over 700 km without needing to recharge – roughly 60 per cent further than the average electric vehicle in 2023. CATL said the increase in battery capacity and charge time was achieved through a “brand-new superconducting electrolyte formula” that results in improved conductivity. “The future of the EV battery technology must remain steadfastly anchored at the global technology frontier, as well as the economic benefits,” said Dr Wu Kai, chief scientist at CATL. “As EV consumers shift from pioneering users to ordinary users, we should make advanced technology accessible for all and enable everyone to savour the fruits of innovation.” CATL, which manufactured more lithium-ion batteries than any of its competitors in 2022, plans to begin mass production of its next-generation battery later this year. The company did not reveal which automakers would be the first to receive the batteries, though its customers include BMW, Daimler AG, Honda, Tesla, Toyota, Volkswagen and Volvo. Electric car sales have experienced record-breaking growth in recent years, with more than 10 million sold last year, however they still account for less than a fifth of all car sales. Range anxiety remains one of the main barriers for consumers when considering the purchase of an electric vehicle, according to the International Energy Agency, which has led manufacturers like CATL to invest heavily in overcoming this obstacle. Other challenges include access to battery materials and battery degradation, though CATL claims this second pain point is not an issue with its latest battery. Most major carmakers have set targets to phase out cars with internal combustion engines entirely by 2040 and estimates from the IEA suggest electric car sales will overtake fossil fuel-powered car sales within the next 15 years, though battery breakthroughs could reduce this time scale even further. Read More Battery breakthroughs are about to trigger a transport revolution World’s first ‘superfast’ battery offers 400km range from 10 mins charge The new iPhone update has made a very small, very controversial change Bitcoin’s price is crashing dramatically

Record-breaking wildfires in Canada are heading toward key population centers in the country’s west, prompting the province of

Miami Mayor Francis Suarez says he has qualified for the first Republican presidential debate, but according to a

Telecom executive Joe Natale was at the center of an epic rift in the billionaire Rogers family two

A week after being jailed, FTX co-founder Sam Bankman-Fried is asking to be let out five days a

Cybersecurity firm Palo Alto Networks Inc. surged after projecting stronger billings for the year than Wall Street anticipated,

There's a week left to file a claim for your (small) share of a $725 million settlement.

Instacart Inc. is planning an initial public offering as soon as September, according to people familiar with the

Palo Alto Networks Inc. investors are cautious ahead of the cybersecurity firm’s fiscal fourth-quarter results, which will be

Apple is making a small but already controversial tweak in the upcoming iPhone update. The company revealed iOS 17 at its Worldwide Developers Conference, in June. It showed off a range of features: new images that will show when you call someone, redesigned messages and stickers, and a new “StandBy” mode that allows the phone to be used as an ambient display when turned on its side. But another change has already received as much discussion as those more substantial updates. And it relates to the button you use to put the phone down. Until now, that button was in the middle of the screen, on its own. That meant among other things it was easy to press without accidentally hitting anything else, and that you could be confident of doing so. But a recent update to the iOS 17 beta – which allows users to test out the new software as it is developed, before everyone else – moved that button to the bottom-right of the screen, and put it alongside other buttons. Then another update to that beta arrived this week, which moved that back to the middle of the bottom of the display, but still left it among other buttons. The relocation is already proving controversial among users who are adjusted to knowing where to press to end their call. Moving the buttons together at the bottom of the display is presumably an attempt to leave more space for the new Contact Posters that show when someone calls. But it is not clear why Apple moved the button around, and then replaced it. The change is just one of a range of alterations to the usually neglected Phone app in iOS 17. The update also brings new Contact Posters that people can design to show on others’ phones when they call, the option to leave a message when someone doesn’t pick up FaceTime calls, and a new live voicemails tool that answers the phone on your behalf and transcribes what people say. The full release of iOS 17 is expected to come next month, just before the launch of the iPhone 15. That too will make a change to the real buttons on the device: widespread rumours suggest that the toggle on the side of the phone that switches into silent mode will be replaced with an “action button” that can be configured by the user. Read More Bitcoin’s price is crashing dramatically AI poses a profound threat – but could also help save us, experts agree Study finds popular accessory likely makes no difference to sleep quality, eye health