What Caused the Bitcoin Drop? On-Chain Data Suggests One Key Element Is Missing
Bitcoin Faces Pressure as Support Level at $62,000 is Tested Bitcoin is currently experiencing challenges as its price hovers around $62,000, a crucial support level. This situation represents a notable extension of the ongoing correction from the peak prices, testing the underlying foundations that some bullish investors have pointed to during this decline. It’s clear […]
Coachella cancels data center plan and looks into a possible ban on tech campuses.
The city of Coachella has decided to ban data centers, which is quite a shift considering they had previously approved them just a few months ago. This change comes after significant public protests. On Thursday, the council unanimously agreed to implement a temporary 45-day ban on data center developments and to cancel their contract with […]
Carnival data breach reveals personal information of almost 6 million individuals
Carnival Corporation has acknowledged a data breach that impacted around 6 million individuals, with effects likely extending to those who might not even see themselves as Carnival customers. The breach stemmed from a social engineering attack targeting a single user account, which allowed unauthorized individuals to infiltrate some of Carnival’s IT systems by deceiving employees. […]
Swiss Franc rises against US Dollar as traders anticipate US Nonfarm Payrolls data
The Swiss Franc (CHF) gained against the US dollar (USD) for the second consecutive day on Friday, as the USD/CHF pair reached a historic low of 0.7872, dropping from a nearly two-month high of 0.7927 earlier this week. Switzerland’s currency benefited from a slight weakening of the US dollar, as investors opted to reduce their […]
A Small Step: Google Hopes $10 Million Investment in Texas Water Projects Will Resolve Data Center Issues
Google to Invest in Texas Water Infrastructure On Wednesday, Google announced a $10 million investment aimed at water infrastructure projects in Texas, where the company is planning to construct data centers. This move appears to be an effort to address the growing criticism regarding the high power and water demands associated with these centers. As […]
US Dollar Index fluctuates near 99.40 ahead of US NFP data
The U.S. dollar (USD) is in a bit of a standstill as investors wait for the non-farm payroll (NFP) data for May, expected to drop at 12:30 PM Japan time. Currently, the US Dollar Index (DXY), which measures the dollar against six prominent currencies, is hovering around 99.40, showing little movement. Today’s performance of the […]
Kevin O’Leary consents to reduce Utah AI data center size after request for 75% cut
Kevin O’Leary Considers Scaling Back AI Data Center Plans in Utah Kevin O’Leary, the chairman of O’Leary Ventures and a familiar face from “Shark Tank,” has indicated a willingness to reduce the scope of a major artificial intelligence data center project in Utah. This comes after key state lawmakers expressed the need for substantial cuts […]
California Town Permanently Prohibits Data Centers Through Recent Vote
Monterey Park Bans Data Centers A town in California has officially enacted a permanent ban on data centers, according to reports from the Los Angeles Times. Residents of Monterey Park expressed concerns about climbing utility bills, the data center’s proximity to homes, and the potential effects on the environment. Notably, an indefinite halt on data […]
Lawmakers warn the White House that China might be behind protests against AI data centers in the US.
Concerns Over Foreign Influence in AI Development WASHINGTON – A recent warning from the House Energy and Commerce Committee suggests that China and other foreign adversaries may be actively working to undermine U.S. data centers, which are crucial in the artificial intelligence race. In a letter addressed to the Trump administration, committee members have urged […]
Charter acknowledges Spectrum data breach following ShinyHunters’ hacking allegations
One phone call might have led to a significant security breach involving Charter Communications, which runs Spectrum, a major U.S. broadband and cable provider serving over 32 million customers across more than 40 states. Charter confirmed a cybersecurity issue after a ransomware group called ShinyHunters listed them on a leak site. While the company asserted […]