The electric car maker, Tesla invested $1.5 billion in bitcoins, intends to allowing cryptocurrency as a normal payment for cars and other products in the future.
After this news, bitcoin jumps 14% to a record of $44,000. Etherum also surges 7%.
Tesla said that this decision was part of its investment policy and was targeted at maximizing its cash returns.
Over the past few years, we have seen dramatic ups and downs of bitcoin and other digital cryptocurrencies. After an 80% decline in 2018, the sentiments of investors have changed from quite different angles and institutional investors are analyzing bitcoin very carefully.
This all connects to one question: How much cryptocurrency should I own?
Although it is a hard question to answer. but through modern quantitative finance, we can get a potential answer. Wall Street traders have used a mathematical framework known as the “Black Litterman” model to manage their portfolios.
This model starts with a normal, equilibrium portfolio and…
A Norwegian-based company, Aker ASA that is owned by billionaire Kjell Inge Røkke, has announced a new company called Seetee.
Settee is a company that will invest in exciting bitcoin-focused projects and companies. It will hold all the investable assets in bitcoin which is a good thing.
In a letter to shareholders, Røkke addressed 3 things.
Technology has become an important part of our lives. We all are surrounded by tech gadgets and advanced devices.
Many employees are working remotely because of the coronavirus situation. while doing so can bring some challenges related to technology. Some people struggle a lot and spent their time doing it in a long way, which can be done in an easier way to save their time.
When it comes to technology, there are many shortcuts to do work in a short and easy way than a hard way. It doesn’t matter, how well you use or know the app or…
When you hear the word “drone,” you imagine a powerful, bulky and fragile flying machine.
The researchers from MIT have developed tiny agile drones that can fly, trick and blend and look like actual insects. The bots can float like a butterfly but they are unable to prick like bees.
These advanced bots are made up of flexible and thin rubber cylinders made up of carbon nanotubes.
Unlike, inflexible actuators in any typical electric motor, bee bots are powered by a new type of soft actuator.
When voltage is exerted to the nanotubes they produce an electrostatic force that contracts…
All over the world people are covering their faces in different ways as they like.
Wearing a mask is a common practice since the coronavirus spread globally. Masks helped in slowing the spread of SARS-Covid-2, the virus that causes coronavirus disease.
Experts suggest that we updated our masks to protect against various contaminants of Covid19. Here are the masks you need to know.
Many people don’t wear N95 masks properly, which makes them less effective. It filters 95% of 0.3-micron particles, difficult to trap. N95 masks are hard to find, avoid with respirator valves. (spread your germs onto others)
A lot of us have a habit of making to-do lists. Worklists keep things organized, help us keep our lives on track, and teach us discipline.
In this digital world, paper and pen have been replaced by tablets, E-notebooks, and keyboards.
Well, there are numerous people who can’t follow to-do lists on regular basis. But there was one person who had an exceptional way of making to-do lists.
He was Leonardo Di Vinci, who took list-making to another level.
Leonardo Di Vinci was a painter, architect, inventor, military engineer, and student of all scientific fields. …
GameStop shares shockingly jumped and were constantly stopped two times for volatility ahead, before the market close.
On Wednesday, the gaming retailer’s stocks began to soar, and the price closed at $91.71, up to 104 percent.
According to Refinitiv,
Gamestop’s volume was 3x higher than the 5 day average for the stock.
Last month, Gamestop (GME) stock ramped up 1,600% in a few days, and then suddenly went down from $350.
The previous boost was fueled by local retail investors from the Reddit page, WallstreetBets. Investors encouraged each other to buy more shares into the market close.
Some traders believed…
The United States government has recently expelled a 96-year-old man, who was a guard in a Nazi concentration camp during WWII.
A Tennessee resident, Friedrich Karl Berges, was deported “for taking part in Nazi-sponsored acts of prosecution” while working at the concentration camps in 1945.
Acting Attorney General Monty Wilkinson said the matter reflected the government’s,
“commitment to ensuring that the United States is not a safe haven for those who have participated in Nazi crimes against humanity and other human rights abuses.”