Nasdaq-listed Microstrategy has bought 14,620 more bitcoin for approximately $615.7 million. The latest purchase raised the company’s cryptocurrency holdings to 189,150 bitcoin, acquired for about $5.9 billion at an average price of $31,168 per coin. Microstrategy’s executive chairman, Michael Saylor, believes that spot bitcoin exchange-traded funds (ETFs) “may be the biggest development on…
Bit.Store Makes a Leap in Crypto Accessibility with its Launch on Binance Mini Program
December 28, 2023
PRESS RELEASE. Vilnius, December 27th 2023 – Bit.Store, a web3 crypto card issuing infrastructure, is thrilled to announce its latest venture – the launch of Bit.Store on the Binance Mini Program. This strategic move marks a significant milestone in Bit.Store’s mission…
Solana's Dex Platforms Eclipse Ethereum in Weekly Trade Volumes
December 28, 2023
Recent statistics reveal that in the last week, decentralized exchange (dex) platforms built on Solana have surpassed Ethereum in market performance. Data indicates that Solana-based dex platforms achieved a volume of $1.447 billion in the past day, overshadowing the $1.282…
LG Chem is building a $3B EV battery cathode factory – the largest in the US [Update]
December 28, 2023
LG Chem is building a $3 billion battery cathode factory for electric vehicles in Tennessee – here’s the latest.
December 27: The groundbreaking ceremony took place last week for LG Chem’s battery cathode factory. Some of the company’s original plans have changed since I last reported on this announcement.
The factory was initially supposed to break ground in Q1 2023 and start mass…
Tesla Model Y refresh coming in next few months, report says
December 28, 2023
A report is claiming that the Tesla Model Y refresh might be coming in the next few months as the automaker plans a factory shutdown at Gigafactory Shanghai.
Last summer, Tesla launched the refresh version of the Model 3 in Asia, Pacific, and Europe.
The new version of the…
Here at Electrek, I’ve had the pleasure of covering some fascinating electric boat news stories. In just the past year, we’ve seen everything from high-power electric speed boats and pleasure cruisers to efficient flying electric ferries. But when it comes to the most…
MIAMI — A defense contractor at the center of one of the biggest bribery scandals in U.S. military history is expected to face additional charges following his return to the United States from Venezuela as part of a broader prisoner swap between the two countries, a federal prosecutor said Thursday.
Leonard Glenn Francis, who is nicknamed “Fat Leonard,” faced a federal judge for the first…
Beyond the Osprey: DARPA wants high-speed vertical takeoff X-plane
December 28, 2023
WASHINGTON — The Defense Advanced Research Projects Agency is working with four companies to design an experimental vertical-takeoff-and-landing aircraft that can fly at speeds far faster than the V-22 Osprey.
The collaboration comes as the U.S. military considers how it…
As AI continues to penetrate the creative space, creating value as well as concerns among many, six-month-old Pika Labs has announced its text-to-video AI platform, Pika 1.0, is now available for everyone.
Accessible via the web, Pika 1.0 allows users to generate and edit…
Quick Charge Podcast: December 26, 2023
December 28, 2023
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, and TuneIn, as well as our RSS feed for Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcasts or your favorite podcast player to guarantee new episodes are…
