• Sep 15, 2024

Public Bitcoin Miners Are Taking Over—But Their Stock Keeps Dropping

The largest Bitcoin mining companies are steadily claiming greater dominance over Bitcoin’s network security, even though their stock performance this year might not suggest such success. JP Morgan analysts summed up the current state of the market in their “September ’24 Bitcoin Mining Halftime Report" published Monday, noting that publicly listed U.S. mining companies saw their piece of the network hash rate pie expand for the fifth straight month—to a record 26.7%. Hash rate measures the pace...

  • Sep 15, 2024

Bitcoin ETFs Bounce Back in a Big Way as Investors Expect Rate Cuts

Money flowed back into Bitcoin exchange-traded funds (ETFs) and other crypto investment vehicles last week—just in time for the Federal Reserve’s key meeting tomorrow.  Data from Jersey-based digital asset manager CoinShares showed on Monday that a total of $436 million hit funds that give exposure to cryptocurrencies. This came after a period of outflows where investors cashed out $1.2 billion in a bearish trend, including $726 million the week before last. Most of that money that flowed in las...

  • Sep 15, 2024

New Brain Implant Allows Man with ALS to Control Amazon's Alexa with His Mind

A 64-year-old man paralyzed by ALS was able to communicate via his thoughts to his smart devices using a new type of brain implant that avoids potentially risky brain surgery. The man, identified only as “Mark” in a YouTube video uploaded Monday by Synchron, a New York-based company that makes the brain-computer interface, was apparently able to control a range of Amazon Alexa-enabled devices, including answering video calls, using just mind control. In a previous demonstration, Mark used Synchr...