On The Wire: Today's Top Stories In Finance & Tech
Your daily briefing of some of the most important stories from the crypto, finance, and tech space.
Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.
In today's roundup, the UK's new nuclear power plant will be years late and tens of billions of pounds over budget. MtGox might finally be gearing up to reimburse creditors. Grayscale has a good reason for keeping its fees high, Netflix and Apple are positioning to retain their dominance, and we take a look at the difference between mining and running a full node.
MtGox To Begin Payouts Soon
Almost 10 years since the world's largest bitcoin exchange collapsed, MtGox's liquidators have been confirming addresses for payouts, raising the possibility that customers might finally receive a share of the coins that were recovered after the organization closed down.
What Is Grayscale Playing At?
GBTC has seen over 100,000 BTC in outflows, but the math of keeping their fees at 1.5% is sound. Many users will be trapped by high capital gains, unwilling to take the tax hit entailed in selling to switch to a better option.
Apple's Strategic Foray Into Generative AI
Apple is actively expanding its AI capabilities, having acquired 21 AI startups since 2017, including WaveOne in early 2023. The company's focus is on integrating generative AI into iPhones, with advancements in hardware and AI-focused job postings indicating a shift towards on-device AI processing.
Netflix Surpasses Expectations With Subscriber Growth
Netflix adds 13 million subscribers in Q4, hitting 260 million globally, a 13% increase. Operating income rises to $1.5 billion, marking recovery from 2022's subscriber loss. The company forecasts robust revenue growth and plans to expand its advertising business and content quality, while not pursuing conventional sports streaming rights.
UK's Hinkley Point C Nuclear Plant Faces New Delays And Soaring Costs
Hinkley Point C, a key part of the UK's energy plan, faces delays until 2029 and cost increases to £46 billion. EDF cites complexities in construction as the cause, amid broader industry challenges like labor shortages and financial pressures for future nuclear projects.
Running A Full Node Vs Mining: What's The Difference?
Full nodes act as communication hubs, relaying legitimate transactions to the network and blocking invalid ones. Miners ensure network security, and add new transactions to the blockchain.
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