Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash.
Oracle plans to invest $1.5 billion in Saudi Arabia in the coming years as it builds up its cloud footprint in the kingdom and opens its third public cloud region in Riyadh, a company official said.
Dell Technologies facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go. The company is experiencing market conditions that “continue to erode with an uncertain future,” Co-Chief Operating Officer Jeff Clarke wrote in a memo viewed by Bloomberg. The reductions amount to about 5% of Dell’s global workforce, according to a company spokesperson.
Interpol secretary general Jurgen Stock says the global police agency is investigating how the organisation could police crime in the metaverse. The metaverse is the widely-discussed, but not yet realised, concept that in the future people will be represented by 3D avatars in their online lives. Interpol has built its own virtual reality (VR) space, where users can do training and attend virtual meetings.
After the impressive rally in January, Bitcoin seems to be taking a breather in February. This is a positive sign because vertical rallies are rarely sustainable. A minor dip could shake out the nervous longs and provide an opportunity for long-term investors to add to their positions.
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