US President Joe Biden, whose administration has put electric vehicles front and center of an ambitious policy to dramatically curb emissions, may walk back his proposal on yearly EV requirements through 2030 due to political pressures and pushback from automakers and the UAW.
Both automakers and United Auto Workers have urged the government to slow down the EV ramp-up, saying the technology is…
A major auto supplier for Tesla, VW, Ford to slash 10K jobs
February 21, 2024
Forvia, a major supplier for Stellantis, Volkswagen, Tesla, and Ford, plans to cut as many as 10,000 jobs in Europe over the next five years. The news falls days after major auto supplier Continental announced that it too was cutting its workforce by 7,150 jobs.
Forvia, the…
In an unprecedented surge, crypto funds around the globe registered record inflows totaling $2.45 billion last week, marking a significant uptick in investor interest. This influx has propelled the total assets under management (AUM) back to levels not seen since December…
Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However, Commerce will focus on supporting ERC-20 tokens on layer 2 protocols, like Base and Polygon.
Coinbase…
Investors in Collapsed Ponzi Scheme Resist Liquidator's Attempts to Force Repayment at Current BTC Prices
February 21, 2024
Investors in the bitcoin Ponzi scheme Mirror Trading International are reportedly resisting liquidators’ attempts to have them repay digital assets withdrawn before it collapsed. According to the investors’ lawyer, MTI liquidators are intentionally misinterpreting the…
Epic Games Store hits 270M PC users, up 17% from 2022
February 20, 2024
Epic Games said the Epic Games Store has hit 270 million PC players in 2023, up 40 million, or 17% from 2022.
This community now has a total of 804 million Epic cross-platform accounts. In 2023 Daily Active Users peaked at 36.1 million, and Monthly Active Users reached 75…
Volvo CE puts electric equipment to work on fossil-free ski resort
February 20, 2024
Electric vehicles don’t work well in the cold? Nobody told Volvo CE – and they’re putting a fleet of battery electric equipment assents to work, collaborating with Sweden’s largest ski resorts to go fully fossil free.
Volvo CE has been working on a pilot project with Swedish resort company SkiStar to develop a roadmap towards more sustainable, fossil-free ski resorts. The project is…
Shake it off ET9! NIO's EV answer to Maybach sheds snow with its vibrating chassis system [Video]
February 20, 2024
We’re still about a year before we see the first deliveries of the ET9 – NIO’s most luxe EV model to date, designed as an ultra-premium executive vehicle to compete with the likes of Porsche and Mercedes-Maybach. In a recent video posted by NIO, we see one of the…
Bitcoin Technical Analysis: BTC Bulls Show Strength After Recent Consolidation Period
February 20, 2024
Bitcoin’s price has seen a period of consolidation after its recent high of around $52,884, according to price data from Feb. 19, 2024. Technical indicators suggest the leading crypto asset remains in an uptrend and may be poised for a further move higher after this…
This week, WLD token from the Worldcoin project soared by 142.7% against the U.S. dollar, topping the chart as the week’s most significant gainer. Hot on its heels was the digital currency bitget token (BGB), which saw an increase of just over 58% in the past week. Conversely, Astar (ASTR) experienced a decline of 6.4%, marking the week’s most substantial loss.
The Week’s Biggest Crypto…
