Singapore-based Amber Group, a digital asset market maker, halted expansion and laid off more than 15% of its 1,000 employees in the second half of 2022. An exchange is where people trade cryptocurrencies, while market makers trade on behalf of clients. Annabelle Huang, managing partner at Amber Group, told Nikkei Asia that cutting jobs would… Continue reading From ‘crypto winter’ to ‘ice age’? What does 2023 hold for digital assetsSome say it could take years to repair the damage 2022’s scandals have dealt …
Category: Tech News
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JIP yet to secure firm commitments from banks for Toshiba buyout: report
The preferred bidder for Toshiba Corp was not able finalise its planned 1.4 trillion yen ($10.61 billion) in financing for the acquisition as of Friday, two sources said, delaying into next year its effort to secure firm commitments from banks. Private equity firm Japan Industrial Partners (JIP) had been expected to secure commitments from Japan’s biggest banks… Continue reading JIP yet to secure firm commitments from banks for Toshiba buyout: report
Fidelity slashes value of its Twitter stake by 56% following Musk acquisition
Fidelity funds slashed the value of their Twitter stake by 56% in November, according to a monthly disclosure by the investment firm released on Friday, as the social media giant navigates a period of turmoil following Elon Musk’s $44 billion buyout. Fidelity Blue Chip Growth Fund’s stake in Twitter was valued at nearly $8.63 million as of… Continue reading Fidelity slashes value of its Twitter stake by 56% following Musk acquisition
Cleantechnica: 2024 Tesla Next-Generation Vehicle Should Sell For $12,500 After US Tax Credit 002487
Why Tesla’s Next-Generation Vehicle Won’t Be $30,000 Below, I explain why the next generation Tesla will be much less expensive than expected and how Tesla can do this. We know Tesla sells the Model 3 for under $40,000 in China today, and it has a project code named Highland to reduce Model 3 costs further… Continue reading Cleantechnica: 2024 Tesla Next-Generation Vehicle Should Sell For $12,500 After US Tax Credit 002487
Clean Technica: Don’t Worry, Work Harder: Musk’s Message To Employees About “Market Craziness”002486
Tesla stock has been on a tumultuous rise and fall. It has just closed out its worst month, quarter, and year on record. It has surpassed Meta as the weakest performing stock in 2022 among the most valuable tech companies. The situation has gotten so dismal that CEO Elon Musk has reappeared at Tesla after… Continue reading Clean Technica: Don’t Worry, Work Harder: Musk’s Message To Employees About “Market Craziness”002486
Cleantechnica: The Lucid Sapphire Races Against The Plaid, A Bugatti Chiron, & A Racing Motorcycle 002485
A recent video over at Hagerty’s YouTube channel shared a race between not only the fastest EV sedans, but the fastest gas-powered car and a motorcycle to boot. [embedded content] I don’t know for sure, but the video appears to have been shot near Lucid’s Casa Grande plant (south of Phoenix, Arizona). The Contenders Wherever… Continue reading Cleantechnica: The Lucid Sapphire Races Against The Plaid, A Bugatti Chiron, & A Racing Motorcycle 002485
Cleantechnica: China Electric Car Sales — 25% Fully Electric, 35% Have A Plug!002484
Despite a drop in the overall Chinese auto market, plugin vehicles continue to rise. They grew 50% year over year (YoY) in November. They scored over 625,000 registrations last month, their second best month ever, only behind last September when they hit 636,000 registrations. Plugin hybrids (PHEVs) jumped 88% year over year (YoY). They reached… Continue reading Cleantechnica: China Electric Car Sales — 25% Fully Electric, 35% Have A Plug!002484
Clean Technica: Open the Floodgates! Record Electric Car Sales Month in Germany — 22% of New Cars Fully Electric002483
It seems the German automotive market has bottomed out and is back on a growth path. November brought a surprising 31% increase in sales. Though, that’s still not enough to pull the year-to-date (YTD) numbers out of the red (-2% YoY). Much of this growth can be attributed to plugins — sales of full electric… Continue reading Clean Technica: Open the Floodgates! Record Electric Car Sales Month in Germany — 22% of New Cars Fully Electric002483
TikTok says it’s getting better at detecting ‘borderline’ content
The app previously added age restrictions to some types of “mature” content. For the past several months, TikTok has been working on new ways to age-restrict certain types of content as part of a broader push to ramp up safety features for younger users. The app unveiled a new ratings system earlier this year, called… Continue reading TikTok says it’s getting better at detecting ‘borderline’ content
NVIDIA RTX 4070 Ti leaks reveal specs and potential price
The company, which is expected to unveil the GPU at CES, accidentally published the specs on its website. NVIDIA is expected to reveal its GeForce RTX 4070 Ti graphics card at CES next week, but it preemptively leaked the specs. Thanks to new rumors, we have a sense of the GPU’s likely price too. The… Continue reading NVIDIA RTX 4070 Ti leaks reveal specs and potential price