The UK just paid $500M to battle Musk in the internet-from-space race — cos Brexit

A new challenger has appeared in the internet-from-space race: the UK government, which CNBC reports has committed $500 million to reviving bankrupt satellite startup OneWeb. The UK government won a 20% stake in OneWeb during an auction in New York on Friday, pending court approval. The bid, reportedly made through a consortium, was worth more than $1 billion in total. [Read: A look inside Europe’s $7 trillion technology market] The move sets the UK government squarely against billionaires Elon Musk and Jeff Bezos, both of whom are pouring huge sums of cash into their own broadband-beaming satellite plays, Starlink and… This story continues at The Next Web...
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Tesla short sellers lost $1.33B on Thursday’s stock pump — Musk only got richer

Tesla stock surged again this week, this time by more than 8% to set a new price record of $1,228. If you were Elon Musk, you’re likely already hard at work on a sick new club track to celebrate — but those who’ve bet against it are probably pissed. Thursday’s Tesla pump not only solidified its position as the world’s most valuable car company, it also meant its chief exec Musk has added $20 billion to his wealth since March. But it absolutely wrecked the company’s short sellers, who lost $1.33 billion yesterday according to data shared by industry analyst Ihor Dusaniwsky of data… This story continues at The Next WebOr just read more coverage about: Tesla...
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A look inside Europe’s $7 trillion technology market

There’s no doubt US tech stocks have thrived in 2020, but a raft of their European counterparts have returned huge profits for investors during the first six months of this year. Sinch, the Stockholm-based cloud telecoms firm, is up a teeth-kissing 170% year-to-date. Second-best is Dutch fintech play Adyen: its market cap grew from $223 billion to $389.4 billion, driving its stock price up by 74%. Germany’s TeamViewer is Europe’s third-best performing tech stock in 2020, up 52.7% over the past six months. It’s far less than its US counterpart Zoom Video, but still impressive. Dutch tech stocks lead Europe in 2020 In a… This story continues at The Next Web...
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Satoshi Nakaboto: ‘Major Tesla investor thinks Bitcoin’s market cap will be 10% of gold’s by 2025’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Habermass used to say: Buy low, sell high! Bitcoin price We closed the day, July 01 2020, at a price of $9,228. That’s a minor 0.90 percent increase in 24 hours, or $82. It was the highest closing price in five days. We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin‘s market cap ended the day… This story continues at The Next WebOr just read more coverage about: Bitcoin,Tesla...
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Satoshi Nakaboto: ‘Mysterious Bitcoin wallet moves $1B BTC for just $0.48’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Ada Lovelace used to say: Yippee! Bitcoin price We closed the day, June 30 2020, at a price of $9,137. That’s a minor 0.51 percent decline in 24 hours, or -$47.59. It was the lowest closing price in two days. We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin‘s market cap ended the day at $168,315,606,321.… This story continues at The Next WebOr just read more coverage about: Bitcoin...
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Guns and ammo stocks surge to eclipse ‘stay-at-home’ darlings

‘Stay-at-home’ stocks like Netflix and Zoom thrived in the first half of 2020. But as Black Lives Matter protests swept across the US in June, a very different kind of company surged: guns and ammo stocks. Not only have US-listed guns and ammo stocks outperformed the world’s biggest tech companies this year, but they’ve even eclipsed companies that benefitted most from the world’s transition into remote work and education. [Read: No, THIS is how much $10K worth of dot-com bubble stock is worth today] In fact, when the S&P 500 (SPX) index, a popular benchmark for the wider US market, fell… This story continues at The Next Web...
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Satoshi Nakaboto: ‘Crypto research report predicts $400K Bitcoin in 10 years’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Machiavelli used to say: Money makes the world go around! Bitcoin price We closed the day, June 29 2020, at a price of $9,190. That’s a minor 0.55 percent increase in 24 hours, or $50. It was the highest closing price in three days. We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin‘s market cap ended… This story continues at The Next WebOr just read more coverage about: Bitcoin...
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Wirecard ominously pumps 140% during an irrational month for bankruptcy stocks

Shares in fallen German fintech giant Wirecard jumped 138% during Monday trade, in what appears to be the latest irrational market pump for stock that could soon be worthless. But despite more than doubling in one day, Wirecard stock is still down 96% in June, having collapsed almost entirely since auditors discovered its $2.1 billion financial ‘black hole.’ The company said on Saturday it would continue operations as the scandal plays out. Munich prosecutors arrested Wirecard‘s former CEO Markus Braun on suspicion of market manipulation and falsifying accounts after he turned himself in last week. Investigators continue to probe other execs for… This story continues at The Next Web...
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Cash App eclipsed Venmo during the pandemic, according to this one metric

Since the coronavirus pandemic hit in the United States earlier this year, a surprising trend has emerged. While businesses have been hit by lockdowns and consumers have been forced to stay home, not only has commercial value transfer shifted to digital on a greater scale, but also peer-to-peer value transfer. Payment apps like Cash App and Venmo have seen a surge in users and activity, according to app analytics firm Apptopia. The reason behind this surge isn’t completely clear, but it’s presumably driven by the increased necessity to support friends and family who are affected by the economic fallout, by sending… This story continues at The Next Web...
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Satoshi Nakaboto: ‘Data shows 61% of Bitcoin hasn’t moved in over a year’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Ada Lovelace used to say: Your imagination is the only tool in the book! Bitcoin price We closed the day, June 28 2020, at a price of $9,143. That’s a minor 1.05 percent increase in 24 hours, or $95. It was the highest closing price in one day. We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap… This story continues at The Next WebOr just read more coverage about: Bitcoin...
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