EdTech Insight – Bitcoin miners upgrade power centers and get into AI to brace for slashed revenue post halving

by EdTechMate | Apr 21, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent “halving” event within the cryptocurrency mining sector is poised to potentially catalyze significant shifts in both the economic and operational landscapes, particularly for Bitcoin miners. This programmed...

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...