Cryptocurrencies
Investors bought up nearly 260,000 BTC during the dip below $60,000
After bitcoin (BTC) fell below $60,000 in early June, investors began actively buying up the leading cryptocurrency. As analyst James Van Straten writes, citing Glassnode data, over ten days they acquired nearly 260,000 BTC, while one of the key demand indicators rose to its highest possible level. Since June 5, investors have bought a
BlackRock launches a bitcoin ETF with an options strategy
Asset manager BlackRock has brought the iShares Bitcoin Premium Income ETF (BITA) to Nasdaq. The bitcoin ETF combines exposure to the coin’s spot price with active selling of covered call options.
Michael Saylor: bitcoin’s rise to $7 million is inevitable
Strategy Inc. executive chairman Michael Saylor has predicted that bitcoin (BTC) could over time rise from roughly $70,000 to $7 million per coin. According to him, such a path is inevitable, and the network will eventually grow to $100 trillion. Saylor presented his forecast in a keynote address titled “Bitcoin Capitalism” at the BTC…
Hewlett Packard to merge Cray supercomputers with quantum systems
Hewlett Packard Enterprise (HPE) has expanded its collaboration with Intel, IQM, Qblox, Quantinuum, QuEra Computing, Quantum Machines, Rigetti and Riverlane to advance hybrid quantum-classical computing. The company intends to integrate the HPE Cray supercomputing platform with quantum processors, control systems and error-correction solutions…
Robinhood changed its management structure and cut its staff by 10%
The online broker Robinhood has laid off 10% of its employees. The company's CEO, Vlad Tenev, explained the cuts by the need to simplify the management structure. Our CEO Vlad Tenev shared the following note with our team at Robinhood today:Robinhoodies,We’ve made the difficult decision to say goodbye to some of our team members today. Those departing are being notified, and we’re…
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