The world’s top cryptocurrency, Bitcoin, slid below $25,000 per token on Monday morning, plunging more than 43% so far this year from nearly $49,000 in March. At 08:15 GMT, it was trading at $24,800 per coin, down 9.8% for the day. Bitcoin has been declining for nearly 12 straight weeks …
Read More »Twitter plunges over Musk’s surprise
Twitter shares dropped 5% in Monday’s pre-market session, after the company announced Elon Musk would no longer be joining the company’s board of directors. Musk has recently become the social media company’s largest shareholder, with a 9.2% stake. “Elon has decided not to join our board,” Twitter CEO Parag Agrawal …
Read More »Squid Game crypto token plunges to $0 as creators steal millions from investors in ‘obvious scam’
Squid, initially launched last week at just 1 cent, jumped 7,500% from $37 on October 31 to $2,850 per coin on Monday. However, within just a few minutes, the token’s value collapsed to $0.0008, according to crypto-tracking website CoinMarketCap. Crypto analysts at Gizmodo say such things happen when cryptocurrency creators …
Read More »‘Catastrophic transmission damage’: New Orleans plunges into darkness after Hurricane Ida leaves city with NO power
Hurricane Ida, which has been downgraded to Category 3 storm with sustained winds of 115 mph (193 km/h), has caused a citywide blackout in New Orleans, with residents now having to rely only on generators for power. Eerie footage from a high-rise in downtown New Orleans posted by Washington Post …
Read More »Bitcoin plunges below $30,000 amid broader cryptocurrency market sell-off
The top cryptocurrency lost more than 6% on Tuesday, trading around $29,700, with rivals ethereum and XRP losing 9% and 11% respectively, CoinDesk data shows. The drop in crypto prices followed a major sell-off on global stock markets, with the Dow Jones Industrial Average having its worst performance since October …
Read More »9 dead after cable car plunges in Italian Alps, children among injured passengers
The incident happened on Sunday in the Italian Alps on the cableway line which connects the commune of Stresa near Lake Maggiore with the top of Mount Mottarone. A car which was carrying 11 people fell near a pylon in one of the highest points of the cableway close to …
Read More »New Zealand PM Ardern plunges Auckland into 2nd LOCKDOWN in a month after new Covid-19 case detected
A seven-day lockdown will begin in Auckland from 6am local time on Sunday, while the rest of New Zealand will be placed into Level-2 restrictions, which limit public gatherings, Ardern said on Saturday, following a community transmission of SARS-CoV-2 resulting in a Covid-19 case of unknown origin. The new Covid …
Read More »Massive power grid failure plunges Pakistan into darkness
“A countrywide blackout has been caused by a sudden plunge in the frequency in the power transmission system,” Pakistani power minister Omar Ayub Khan wrote on Twitter, shortly after the country was plunged into darkness before midnight on Saturday. Pakistanis soon shared pictures of their blacked out cities and towns, …
Read More »Alibaba stock plunges after China launches anti-monopoly probe into online retailer
The probe was announced on Thursday by the country’s top market watchdog, the State Administration for Market Regulation. In a brief statement on its website, the regulator said it was investigating Alibaba over its “choosing one from two” policy, which reportedly puts pressure on its sellers not to offer their …
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