$19,800,000 To Be Handed To Apple Customers in Settlement With US Regulator and Trillion-Dollar Bank

November 2, 2024 The Daily Hodl

Apple

A US regulator has announced a settlement with Goldman Sachs and Apple that will send nearly $20 million to Apple customers. The Consumer Financial Protection Bureau (CFPB) says Goldman Sachs and Apple “illegally mishandled transaction disputes” from Apple Card users – accusing Apple of failing to forward a significant number of reported issues to the […]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7

October 13, 2024 Bitcoin.com

Amazon

Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Nvidia Q2 revenue beats expectations in record-setting boost to AI sector

August 28, 2024 Coin Telegraph

Apple

The company expects next quarter to be even better with improvement projected across nearly every vertical.

Nvidia’s earnings call did not disappoint as CFO Colette Kress announced Q2 earnings of $30 billion, beating its previous estimate by two billion dollars. This bullish signal could buoy the burgeoning artificial intelligence sector as markets reopen on Thursday Aug. 29.

Nvidia held its Q2 earnings call on Wednesday Aug. 28 in what investors and analysts have been treating as a sort of “Groundhog’s Day” for the artificial intelligence industry.

CFO Colette Kress’ announcement that the company posted a second quarter revenue of $30 billion should be enough to allay any worries over an artificial intelligence winter. These figures beat estimates by about seven percent. This continued the firm’s streak of record-breaking quarters and prompted a litany of positive responses across social media.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

America should learn from the optimism of HODLing

August 17, 2024 Coin Telegraph

Amazon

History is littered with failed predictions about the future of technology. Have we learned anything along the way?

HODLing — an acronym that means "hold on for dear life" — is built on the long-term optimism that has been the driving force behind technological advancements that have forced us into modernity. It's time to take that embrace of crypto culture a step further. We should make HODLing the default American position on all technology.

Americans tend to be optimistic on general terms, but that quickly gives way to pessimism in the specific. Just a decade ago, 78% said they would not eat lab-grown meat. Today? The number has nearly flipped, with 60% now indicating a willingness to try it.

Another example of Americans being generally optimistic about technology, but pessimistic about long-term effects is the widespread belief that self-driving vehicles will become commercially available within their lifetime. One 2021 survey by the Pew Research Center found that 63% of Americans believe that fully self-driving cars will be common within the next 50 years, but they are hesitant about actually riding in one.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Half of the 10 most valuable companies on Earth are making metaverse hardware

August 11, 2024 Coin Telegraph

Apple

The metaverse is dead, long live the metaverse.

Microsoft is reportedly looking to take on Apple’s Vision Pro headset with new hardware it would develop in partnership with Samsung. This would mean that five of the ten most valuable companies by market capitalization — Apple, Google, Meta, Microsoft, and Nvidia — are currently developing new metaverse gear.

The Microsoft news comes from a local outlet in South Korea, The Elec. According to the report, Microsoft plans to order hundreds of thousands of OLED panels from Samsung for a device to be mass produced in 2026.

That’s a ways off and, according to The Verge, the device will be a headset meant for spatial computing (as opposed to virtual reality). The Verge also indicated that it was specifically not meant for the metaverse — but, any display device, including a computer monitor, can interface with “the metaverse,” spatial computing devices just offer a different level of immersion.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

4 years in, MicroStrategy’s Bitcoin gamble beats Warren Buffett’s warning

August 11, 2024 Coin Telegraph

American Express

MicroStrategy’s stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat.

MicroStrategy purchased its first Bitcoin (BTC) stash on Aug. 10, 2020, becoming the first public-traded company to adopt the cryptocurrency as its primary treasury reserve asset. Four years later, the bold move has evolved into a defining strategy for the company that has outpaced even the returns of Warren Buffett's Berkshire Hathaway.

As of Aug. 10, 2024, MicroStrategy had 226,500 BTC worth $13.771 billion in reserves, which it acquired at an average cost of around $37,000. With Bitcoin currently trading at approximately $60,500, MicroStrategy is now sitting on unrealized profits of about $5.39 billion.

Despite the substantial gains, Michael Saylor's company has maintained its Bitcoin holdings, choosing not to liquidate any of its accumulated assets. It has expressed its intention to continue accumulating Bitcoin, further evidenced by its most recent purchase on Aug. 1.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Apple used Google’s chips to train its AI — where does that leave Nvidia?

August 10, 2024 Coin Telegraph

Apple

Nvidia’s shrinking market cap could signal a shift in the generative AI developer’s market.

Apple had the same choices as any other technology company with money to burn when it came to training its artificial intelligence models. It could have used its own chips, conducted training via cloud infrastructure, or gone the popular route and just bought billions of dollars' worth of Nvidia chips. Instead, it made a deal with the company that owns Google.

Apple has been accused of being late to the artificial intelligence party. While its peers were busy pivoting to generative AI and pouring billions of dollars into training chips and cloud services, Apple’s public-facing image focused on iPhone sales and “spatial computing.”

This led analysts and pundits to worry over whether the house that Steve Jobs built was falling behind its closest competitors. Then, in June of 2024, the market itself seemed to confirm those fears when Nvidia passed up Google, Apple, and Microsoft to become the most valuable company in the world.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

$277,000,000,000 in Cash Hoarded by Berkshire Hathaway As Warren Buffett Dumps Apple, Bank of America

August 3, 2024 The Daily Hodl

Apple

Berkshire Hathaway is now holding onto a record $277 billion in cash as the economy teeters. Second quarter results show the investing giant led by Warren Buffett sold $75.5 billion worth of stock on a net basis in the period. The new round of selling brought the total amount of stocks sold by Berkshire in […]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Apple Intelligence may be absent from initial iOS 18 rollout: Report

July 29, 2024 Coin Telegraph

Apple

Apple’s new AI features will potentially arrive a few weeks later in October, giving developers more time to iron out potential bugs.

Apple’s eagerly awaited artificial intelligence upgrade dubbed Apple Intelligence could miss its planned rollout with the new suite of iPhone 16s and its operating system iOS 18 in September.

Instead, Apple Intelligence will likely arrive a few weeks later in October, as part of a follow-up software update, according to a July 28 report for Bloomberg, citing anonymous sources close to the matter.

Despite the delay, the technology giant still plans to make Apple Intelligence available to software developers as early as the week starting July 29, with the release of iOS 18.1 and iPadOS 18.1 beta versions.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

TSMC becomes first Asian company to reach $1T as AI demand surges

July 20, 2024 Coin Telegraph

TSMC becomes first Asian company to reach T as AI demand surges

Apple

The company is now worth more than Broadcom and closing in on Meta.

Taiwan Semiconductor Manufacturing Company Limited, more commonly known as TSMC, became the first Asian firm to reach a market capitalization of more than a trillion dollars as it briefly surpassed Berkshire Hathaway on June 20 to become the eight most valuable company in the world.

The company’s quiet rise comes on the wings of its massive portfolio of tech and manufacturing giants who source its semiconductors.

TSMC is the world’s largest semiconductor manufacturer. Its top customers include Apple, AMD, Intel, Nvidia, Intel, and Qualcomm. However, Apple is by far its largest client, thanks to the use of TSMC semiconductors in iPhones, accounting for around a fifth of its total revenue.

Apple

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