The surge in demand for artificial intelligence technology has been attributed to a global chip supplier, Taiwan Semiconductor Manufacturing, by Susquehanna analyst Mehdi Hosseini. According to him, all roads leading to AI originate from TSM. This recognition has resulted in increased estimates on the semiconductor manufacturer, with a positive outlook on wafer average selling prices
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Transak, a web3 payments infrastructure provider, has recently broadened its services to include Chiliz ($CHZ), the native cryptocurrency of the sports blockchain platform Chiliz. This new collaboration aims to provide easier access to Chiliz’s Fan Token ecosystem, allowing fans to participate in token-based initiatives more seamlessly. Transak is known for its payment and onboarding services,
In the world of blockchain technology, smart contracts have become a popular tool for executing agreements in a secure and transparent manner. However, the Peercoin Foundation recently made headlines by announcing its experimentation with moving the execution of smart contracts off the blockchain. This innovative approach opens up new possibilities for increased privacy, lower fees,
In a recent announcement, NAVI Protocol introduced the NAVI X Ecosystem Fund, a groundbreaking initiative aimed at fueling growth and innovation within the Sui blockchain’s DeFi and Move-based ecosystem. This fund pledges 10M NAVX tokens to provide essential resources to projects at various stages of development, focusing on enhancing the functionality and user base of
In an ever-evolving blockchain landscape, the recent partnership between Avail and dWallet Network has sparked a new era for Bitcoin management within the Avail ecosystem. This collaboration aims to revolutionize the way users interact with their BTC holdings on rollups, offering a trust-minimized approach that prioritizes user ownership and security. By leveraging dWallet’s MPC infrastructure,
Energy could potentially be a standout trade this summer, according to Robert Schein, chief investment officer at Blanke Schein Wealth Management. He believes that a supply crunch driven by geopolitical conflicts and shipping disruptions may lead to an increase in oil prices, subsequently benefiting energy stocks. Schein considers energy stock valuations to be appealing, with
Advancements in technology have paved the way for innovative solutions in various industries. One such collaboration that stands out is between droppGroup, a Web3 technology provider, and UC Berkeley’s Launchpad. This partnership aims to create a benchmark for evaluating the performance of Generative Media Intelligence (GMI) systems, setting a new standard in the industry. The
The recent decision by the Biden administration not to boost payments for private Medicare plans has had a significant negative impact on U.S. health insurers. Shares of CVS Health, Elevance Health, UnitedHealth Group, and Centene all experienced substantial declines, with drops ranging from 3% to 10%. This has sent shockwaves through the industry, highlighting the
In a scenario where persistent inflation leads to rebounding interest rates, it’s essential for investors to strategize and plan their trades accordingly. One way to profit from this possibility is by utilizing options trades that bet against sectors vulnerable to high-interest rate environments. By carefully analyzing market trends and using technical indicators, investors can position
Disney, once a powerhouse in the entertainment industry, has recently faced challenges in reclaiming its former glory at the box office. The studio, which saw immense success in 2019 with seven billion-dollar films and a global box-office haul of over $13.2 billion, has since experienced a decline in revenues, with numbers dropping below $9 billion