Meta drops 15% on weak outlook and high AI and metaverse spending

April 24, 2024
The Last Cryptocurency
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Cointelegraph Feed

Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.

The emergence of blockchain technology has piqued the interest of a number of different sectors across global society. From finance, politics, economics, automotive and technology, blockchain is starting to take root. It is now being seen that communications could be the latest sector to benefit from this technological revolution. There has been a predictive report…

Major correction for DeFi as Bitcoin rejected again above $40K: What’s next?

The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level.Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even though the DeFi market is still lagging behind despite BTC’s recovery over the past week.1-hour…

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Bitcoin price to see massive move to new all-time high if chart pattern plays out —Trader

A unique trading pattern projects a massive upward move for Bitcoin price within the next few months.

Mass, Synthetix to launch mobile DeFi perps trading app

The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October.

Bitmain Co-Founder Initiates Legal Fight to Return to Control Over Company

Co-founder of crypto mining giant Bitmain, Micree Zhan Ketuan, has initiated court proceedings against the company shareholders in a bid to restores his voting control of the firm.As BNN Bloomberg reported on Jan. 3, Zhan asked a Cayman Islands court to discredit Bitmain’s shareholders' decision to convert the mining company’s Class B shares to one…

House Financial Services Committee Will Continue Libra Review

Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to review Facebook’s proposed cryptocurrency Libra and the corresponding digital wallet Calibra.A priority for autumn 2019Waters announced the committee’s priorities for fall 2019 on Aug. 23. According to the statement, the committee plans to receive the…

Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers

The Lone Star State is already home to many crypto and blockchain firms as well as miners taking advantage of the regulatory-friendly environment. 48 Total views 1 Total shares Own this piece of history Collect this article as an NFTCody Harris, member of the Texas House of Representatives, has introduced a resolution aiming to have…

Hodler’s Digest, Aug. 12–18: BTC Premiums, Coinbase Blow, Binance Revival

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekPremiums for Bitcoin in Hong Kong and Argentina despite price slumpBitcoin (BTC)…

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