Bitcoin breaks $96,000 for 1st time on optimism over Trump crypto plans

The value of the global cryptocurrency market has hit $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class.

The price of Bitcoin has jumped above $80,000 for the first time in history, after Donald Trump`s decisive victory in the US election last week.

The price of largest cryptocurrency Bitcoin rose by 9.30% to $76,400, updating the previous all-time high, according to Binance.

Bitcoin underpins a two trillion-dollar cryptocurrency industry, is now traded by the world`s biggest investment houses and is even an official currency in one country.

Nvidia has overtaken Apple as the world`s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence (AI) chips.

Elon Musk`s Tesla shares surged Wednesday after the electric vehicle maker reported a jump in profits, as increased auto sales and lower expenses offset the drag from a drop in vehicle prices.

The race between two of the world’s richest men, Elon Musk and Mukesh Ambani, is intensifying as they prepare to face off in India’s satellite broadband market.

Shares in nuclear energy companies surged to record highs this week after Amazon and Google struck landmark power supply deals, boosting efforts to deploy the first small modular reactors (SMRs) in the US.

The Joe Biden Administration is considering asking a district judge to break up Google for its antitrust violations in online search, in what would mark federal prosecutors’ boldest effort yet to rein in one of the world’s most powerful tech companies.

Powerful criminal networks in Southeast Asia extensively use the messaging app Telegram which has enabled a fundamental change in the way organised crime can conduct large-scale illicit activity, the United Nations said in a report on Monday.

A US federal judge has ruled that Google must allow Android apps made by rival technology firms onto its Google Play app store for three years starting from November 2024.

ChatGPT owner OpenAI has secured $6.6 billion in new funding, propelling its valuation to $157 billion and cementing its position as the world leader in artificial intelligence (AI).

Facebook owner Meta will produce its next-generation virtual and augmented reality headsets in Vietnam, creating more than 1,000 jobs, the company said Tuesday.

The messaging app Telegram has said it will hand over users` IP addresses and phone numbers to authorities who have search warrants or other valid legal requests.

Messaging platform Telegram has been banned by the Ukrainian government on official devices issued to government and military personnel, as well as defence sector and critical infrastructure employees.

BlackRock is preparing to launch a more than $30 billion artificial intelligence (AI) investment fund with technology giant Microsoft to build data centres and energy projects to meet growing demands stemming from AI, people briefed about the matter said.