Month: January 2025
Elon Musk showed support for Jack Dorsey’s tweet
Chinese artificial intelligence company DeepSeek has recently gained attention by causing significant declines in the American stock and cryptocurrency markets. This event highlights the importance of open-source code and cost-effectiveness in AI technology. Many prominent figures, including Elon Musk, have criticized the closed-source nature of OpenAI’s ChatGPT. In response, Musk’s xAI company has developed an
Nvidia’s DeepSeek Shock: Market Value Drops by $500 Billion
Chinese company DeepSeek has developed a new artificial intelligence model that uses fewer chips and takes less time to create than its international competitors. This development has triggered significant selling pressure in global technology stocks, causing Nvidia, a U.S.-based chip manufacturer, to lose over $500 billion in market value. According to a report in Dünya
The price of Ethereum (ETH) is testing the support level of $3,000
Ethereum (ETH) price continues to approach the $3,000 threshold. The recent death cross on ETH’s EMA lines indicates an increasing bearish trend as sellers take control. According to a report by Beincrypto, if significant support levels are breached, ETH could test $2,927 or drop to $2,358, which has been its lowest point since November 2024.
Emerson will acquire the remaining shares of AspenTech
U.S. technology company Emerson has announced its plan to acquire the remaining shares of software firm Aspen Technology (AspenTech) for $7.2 billion. Emerson will buy the shares it does not already own at a price of $265 per share. The total value of the transaction is $7.2 billion. Emerson currently holds about 57% of AspenTech’s
Standard Chartered “dips create buying opportunities”
Geoffrey Kendrick, the currency and digital assets research manager at the British banking giant Standard Chartered, stated today that the recent declines triggered by news from China have created buying opportunities for Bitcoin and other cryptocurrencies. He emphasized that these market fluctuations could allow investors to acquire digital assets at more favorable prices, potentially leading
Cryptocurrency Market Outlook for This Week
The cryptocurrency market seems poised for exciting developments this week for investors, with several key events and data releases that could significantly influence market dynamics. As we navigate through this week, it’s essential to keep an eye on the upcoming announcements and their potential impact on cryptocurrency prices. Key Economic Data Releases According to a
Last week’s highlights in the Cryptocurrency Market
The cryptocurrency market had a dynamic week, featuring significant developments that captured the attention of investors and enthusiasts. From regulatory changes to major market shifts, various factors influenced the digital asset landscape. In this recap, we will explore the key highlights and trends that defined the cryptocurrency space over the past week. These insights may
Ripple continues to grow with money transfer licenses in New York and Texas
Ripple continues to strengthen its growth strategy by securing money transfer licenses in New York and Texas, further expanding its influence in the cryptocurrency space. On January 27, Ripple announced that its recent acquisition of money transfer licenses aligns with the growing demand for compliant, real-time global payment solutions in both New York and Texas.
MicroStrategy continues to purchase Bitcoin
MicroStrategy is increasing its Bitcoin holdings. Last week, the company bought an additional $1.1 billion worth of Bitcoin. To acquire more, it is considering selling part of its stock portfolio. Currently, MicroStrategy holds 471,107 BTC. On January 27, the company announced plans to offer 2.5 million units of perpetual preferred stock. This type of stock
Perplexity AI has introduced a fresh offer for TikTok
Perplexity AI, an artificial intelligence search engine based in San Francisco, has submitted a second proposal to TikTok’s parent company about TikTok’s future in the United States. The Associated Press reports that the new proposal suggests the U.S. government could acquire up to 50% ownership after an initial public offering (IPO) valued at a minimum