Bitcoin surpasses $50,000 for first time ever as major companies jump into crypto

Bitcoin surpassed $50,000 for the first time on Tuesday as institutional investors and companies fueled a historic rally that has sent the digital currency up more than 70 percent this year. The largest cryptocurrency by market value, Bitcoin hit a high of $50,584.85 before retreating. That’s more than double the price since the trading frenzyContinue reading “Bitcoin surpasses $50,000 for first time ever as major companies jump into crypto”

5G’s rollout speeds along faster than expected, even with the coronavirus pandemic raging

A new report from Ericsson finds about 1 billion people will be in 5G coverage areas by the end of the year. The world may be grappling with a widespread pandemic, but that’s sure not slowing down 5G’s rollout. The super-fast technology reached more customers this year than expected and will cover about 60% ofContinue reading “5G’s rollout speeds along faster than expected, even with the coronavirus pandemic raging”

How massive liquidations caused Bitcoin to plummet 16% in 24 hours

Bitcoin (BTC) price fell by a whopping 16% to $16,334 on Nov. 26 since achieving its peak at $19,484 the previous day. Data suggests that cascading liquidations were the driving force of the massive correction. Prior to the pullback, the open interest of the Bitcoin futures market hit a new record high. The derivatives market was also overheated with buyers,Continue reading “How massive liquidations caused Bitcoin to plummet 16% in 24 hours”

US VC down rounds pull back to pre-pandemic levels

The proportion of down rounds across US venture deals rose to 13.6% in the second quarter, as the sudden and sweeping effects of the pandemic squeezed the economy. That was the highest percentage of deals done at lowered valuations since late 2017. Many felt that the pressure on founders to acquiesce on deal terms mightContinue reading “US VC down rounds pull back to pre-pandemic levels”

Will ‘Vision AI’ Be The Next Frontier for Developers?

A partner at an early-stage investment firm argues that “in the 2000s everyone was learning HTML and making a website. In the 2010s everyone was learning to develop mobile apps. In the 2020s all the developers are going to build Vision AI.” Where the web had its impact was by digitizing manual paper-based processes… I believeContinue reading “Will ‘Vision AI’ Be The Next Frontier for Developers?”