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Microsoft has abandoned a planned Nscale AI data center in the U.K. after the local grid operator warned that adequate power may not be available until the early-to-mid 2030s, highlighting the infrastructure challenges facing bitcoin miners moving into AI.
Nearly $52 million in leveraged perpetual futures tied to chip stocks and semiconductor funds were liquidated in 10 minutes on Saturday, while U.S. markets were closed. The episode shows how crypto-based contracts can move sharply without live share prices, with Monday’s reopening providing a benchmark.
Google says its Willow quantum chip cut errors in preparing “magic states” by about 40 times, addressing a key hardware challenge behind any future attempt to compromise exposed bitcoin wallets. The result is significant but does not make a bitcoin attack 40 times cheaper.
A fraudster who allegedly made millions through fake online job offers lost 60 bitcoin, worth more than $4.9 million, after attackers accessed Ledger wallets compromised with unauthorized hardware implants sold through Southeast Asian reseller CryptoBilis.
Bitcoin briefly fell below $80,000 before rebounding to nearly $82,000 in Asian trading. The recovery came alongside gains in South Korean chipmakers, while traders watched the $84,000 level, U.S. inflation implications and an upcoming speech by Federal Reserve Chair Kevin Warsh.
Google says its Willow processor cut errors in quantum “magic states” by about 40 times, reaching 99.99% fidelity. The hardware demonstration addresses a major cost in quantum computing, but remains far short of the precision needed to break RSA-2048 encryption.
Ledger says its Donjon team found an LTE-enabled hardware implant in a Ledger wallet sold by Southeast Asian reseller CryptoBilis. The component captured 24-word recovery phrases, while suspected thefts traced by an investigator exceed $86 million, though Ledger has not verified the total.
Bitcoin has diverged from South Korean stocks as AI-spending concerns and Chinese semiconductor competition drove the KOSPI down 5.5%. The index is about 38% below its June peak, while bitcoin has recovered from around $58,000 to as high as $87,000.
Ledger says an unauthorized LTE-enabled component inside some CryptoBilis-sold hardware wallets captured 24-word recovery phrases and sent them to attackers. Researchers estimate losses of up to $93.2 million across more than 300 wallets, while Tether froze $10 million in linked USDT.
The post South Korea’s KOSPI Crashes 6.5% Today – AI Crypto Down 10% appeared first on Coinpedia Fintech News South Korea’s KOSPI index crashed 6.5% on 13 October, falling to around 6,002 as investors sold semiconducto...
The post Nvidia Stock Price Today: China AI Chip Share Falls To 34% As Huawei Closes In appeared first on Coinpedia Fintech News Nvidia’s share of China’s data center AI chip market dropped to 34% in the first half of 2...
About $803 million in leveraged positions were liquidated across crypto exchanges as bitcoin briefly fell below $81,000. SanDisk perpetual futures saw more forced closures than XRP, while a bitcoin rebound later shifted most new losses to short sellers.
Bitcoin climbed back above $83,000 after briefly falling below $81,000, diverging from a steep South Korean stock-market decline led by chipmakers. Investors are now watching Thursday’s U.S. CPI report, while elevated oil prices and rate expectations continue to shape the crypto market.
Bitcoin climbed back above $83,000 after briefly falling below $81,000, even as South Korean chip stocks and Nasdaq futures declined. Elevated oil prices and Thursday’s U.S. inflation report remain central risks for crypto markets and interest-rate expectations.
The IMF says AI investment is helping sustain global growth near 3%, but the technology could eventually affect 40% of jobs worldwide. Young workers may face the earliest disruption as routine entry-level tasks become increasingly automated.
The post Nvidia Stock Price Today: SpaceX Seeks $40 Billion In Debt To Buy Nvidia AI Chips appeared first on Coinpedia Fintech News SpaceX (SPCX) is looking to borrow $40 billion to pay for Nvidia (NVDA) AI chips, the F...
The post Nvidia Stock Price Today: Shares Break Past $236 Resistance As Chip Price Targets Rise appeared first on Coinpedia Fintech News Nvidia shares climbed above $243 to a fresh record, after closing at a record $238...
Nvidia shares reached a record $237.88, lifting the chipmaker’s market value to roughly $5.7 trillion. The advance followed a larger buyback authorization, strong AI-related revenue and weaker U.S. jobs data that reduced expectations for a Federal Reserve rate increase.
