Intel is set for a presentation that highlights a new chip, described as an "ultra-low-voltage energy-efficient Bitcoin mining ASIC", suggesting Intel could soon compete in the market for specialized mining chips.
The CEO and CFO of crypto trading platform BitMEX have announced plans to purchase one of the oldest banks in Germany, Bankhaus von der Heydt. The move potentially puts BitMEX Group in a position to compete in Europe with regulated crypto products.
Jack Dorsey’s Cash App will likely make lightning network transactions for Bitcoin available to U.S.-based customers in the coming weeks, allowing customers to send BTC to any external compatible wallet with low or zero fees.
Texas-based Bitcoin miner Rhodium is set for the first crypto industry IPO in 2022. Trading under the ticker “RHDM” on Nasdaq, the firm is expected to be valued around $1.7 billion.
All three major U.S. equity indexes fell Tuesday, with the Dow Jones Industrial Average shedding 1.5% and the Nasdaq Composite retreating 2.6%.
The S&P 500 slid 1.8%. All eleven industry groups, except for energy, finished in negative territory.
The price of oil has climbed to the highest level in seven years, with futures hitting $85.74 a barrel. A recent OPEC report highlighted continued demand to support the market, while Goldman Sachs is eyeing $100 a barrel crude by the third quarter.
The 10-year U.S. Treasury yield jumped to its highest point since January 2020 on Tuesday, at 1.86%.
Texas and Arizona have joined Utah and Idaho as the only states to have recovered all of the jobs that were lost at the onset of the Covid-19 pandemic. These four states have also benefitted from strong population growth in the last two years.
Microsoft has announced its largest purchase on record with plans to buy giant gaming publisher Activision Blizzard for over $68 billion. The acquisition is the biggest cash-funded takeover since the start of the pandemic.