EdTech Insight – How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes

by EdTechMate | Apr 20, 2024 | CNBC, News & Insights

Executive Summary and Main Points Recent advancements in technology have enabled a startup named Gridless to utilize renewable energy sources for bitcoin mining in Kenya, Malawi, and Zambia. With a strategic investment from Jack Dorsey’s Block, Gridless operates...

EdTech Insight – Tesla recalls Cybertruck over ‘trapped pedal’ issue seen in owner’s viral TikTok video

by EdTechMate | Apr 20, 2024 | CNBC, News & Insights

Executive Summary and Main Points The global higher education sector is continually evolving with digital transformations. In light of Tesla’s recent voluntary recall of 3,878 Cybertrucks due to a defect in the accelerator pedal assembly, there are parallel...

EdTech Insight – The Bitcoin network completes the fourth-ever ‘halving’ of rewards to miners

by EdTechMate | Apr 20, 2024 | CNBC, News & Insights

Executive Summary and Main Points Major developments in the cryptocurrency sector continue to unfold, with Bitcoin completing its fourth ‘halving’ event, marking a notable change in the mining landscape. This event reduces miner rewards and typically leads...

EdTech Insight – Bitcoin just completed its fourth-ever ‘halving,’ here’s what investors need to watch now

by EdTechMate | Apr 20, 2024 | CNBC, News & Insights

Executive Summary and Main Points The Bitcoin network experienced its fourth halving of miner rewards, a significant event that cuts the rewards in half and is designed to introduce a scarcity effect similar to digital gold. This leads to a decreased rate of new...

EdTech Insight – Nvidia dragged to worst day since March 2020 after Super Micro plunge

by EdTechMate | Apr 19, 2024 | CNBC, News & Insights

Executive Summary and Main Points In recent news, Nvidia, a leader in AI and GPU technology, experienced a significant stock drop of 10%, the most severe since March 2020. Despite the lack of direct news from Nvidia causing this fall, it coincided with a similar...

EdTech Insight – Drone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow

by EdTechMate | Apr 19, 2024 | CNBC, News & Insights

Executive Summary and Main Points The innovative strides of Zipline, an autonomous delivery drone startup, signify a transformative shift within the realm of commercial deliveries and accessibility services. By accomplishing 1 million deliveries, predominantly in...