Author: GT

ARK Invest CEO Cathie Wood is worried about recession that she thinks could arise out of President Donald Trump’s tariff policies. Wood shared her concern while speaking virtually at the Digital Asset Summit in New York on March 18. While the Treasury secretary Scott Bessent isn’t worried about recession, Wood claimed, the industry is worried about it. “We think the velocity of money is slowing down dramatically,” she said. The velocity of money refers to the rate of capital movement in the market. A slower velocity means that capital is moving at a slower pace which is an indication of…

GTC, Nvidia’s biggest conference of the year, returns this week, with the biggest announcements probably coming Tuesday. If you can’t make it in person, don’t sweat it. TechCrunch will be on the ground covering the major developments, and we’ve made it easy for you to follow along. Many of the biggest presentations, talks, and panels will be livestreamed as well. The conference started Monday, and Nvidia CEO Jensen Huang is scheduled to deliver a keynote from the SAP Center on Tuesday at 10 a.m. PT, which you’ll be able to stream and watch online at Nvidia.com without having to register,…

A crypto whale who opened more than 300 heavily leveraged short positions on Bitcoin, amounting to $521 million, closed these trades on Tuesday, taking home a total profit of $3.9 million. The trade, which was completed on the Hyperliquid decentralized perpetuals exchange, met resistance from traders who tried to pump Bitcoin above the whale’s $83,898 short entry. Short trades make money when an asset’s price drops, but when using 40x leverage, a 2% move to the upside of Bitcoin at $85,591 would have liquidated the position. In response, the pseudonymous trader Cbb0fe rallied a group to put $10 million into…

A new era of 3D printing “microfactories” is helping to turn waste plastics into “highly competitive” products fit for use in the construction industry, according to Veena Sahajwalla, professor and founding director of UNSW Sustainable Materials Research and Technology (SMaRT) Centre.Speaking to CNBC’s Mandy Drury at Schneider Electric’s Sydney Innovation Summit on Monday in Australia, Sahajwalla said manufacturers had to direct their thinking around sustainability toward profitability.”It’s not about saying, well I’m making it because its green. Actually, that should be the last thing. The first thing has to be profitability, does it work? Is it showing the right performance?”…

Stability AI has released a new AI model, Stable Virtual Camera, that the company claims can transform 2D images into “immersive” videos with realistic depth and perspective. Virtual cameras are tools often used in digital filmmaking and 3D animation to capture and navigate scenes in real time. With Stable Virtual Camera, Stability sought to add generative AI to the mix to deliver greater control and customizability, the company said in a blog post. Stable Virtual Camera generates “novel views” of a scene from one or more images (up to 32 total) at camera angles that a user specifies. The model…

You should make your investment decisions on your own, without directly worrying too much about the actions of other investors. But sometimes, certain gargantuan investors, or groups of them, can bring so much capital to bear that their behavior is worth understanding in detail — especially when they’re accumulating relatively volatile assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). There’s one particular and relatively new pattern of behavior among a group of major investors that’s important to know about. It might not push the prices of these coins up indefinitely, but it’s already having an effect. Bitcoin and Ethereum…

It looks like a Pebble, it works like a Pebble, but don’t call it a Pebble. Eric Migicovsky, the original creator of the Pebble smartwatch, just unveiled two new smartwatches — called the Core 2 Duo and the Core Time 2. These spiritual successors to the Pebble smartwatches are available for preorder, costing $149 and $225, respectively. If you aren’t familiar with Pebble, the Palo Alto-based startup was one of the first breakthrough successes of the Kickstarter crowdfunding platform — all the way back in 2012. The company created smartwatches before the Apple Watch and Android-based smartwatches existed. While Pebble…

Maju Kuruvilla, who left the CEO role of controversial one-click checkout startup Bolt last year, is back. He’s launching his own startup, focused on a different problem for online shoppers: what he calls “check-in.” When you click on an ad for something like a T-shirt, the experience afterward can feel a little clunky. The website you land on might not even have the product you clicked on to begin with. That causes many shoppers to bounce back, hurting conversion rates, Kuruvilla told TechCrunch. Kuruvilla wants to change that with AI. His new startup, Spangle AI, creates custom landing pages for…

After a couple of sessions of good vibes, risk markets headed back into retreat on Tuesday, one day ahead of the results of this week’s U.S. Federal Reserve policy meeting. Bitcoin was trading at $81,300 at press time, lower by 3.5% over the past 24 hours. Solana (SOL), ether (ETH) and XRP were posting modestly higher losses. A bit more than an hour before the close of trade, the Nasdaq was down 1.7% and S&P 500 1.1%. The Federal Open Market Committee began its two-day policy meeting today, with results and Chairman Jerome Powell’s post-meeting press conference set for Wednesday…

The most problem-free EV charging networks in the U.S. right now are the ones built by Tesla and Rivian, according to a new survey from Consumer Reports. The publication surveyed 1,230 owners on their EV charging experiences between March 2024 and February 2024, and just 4% of the respondents said they experienced problems at Tesla’s Supercharger network. Only 5% said they experienced problems using Rivian’s Adventure Network chargers. Owners had the worst experience with Shell’s Recharge network, having reported a problem 48% of the time. EVgo and Blink chargers were similarly troublesome, with owners experiencing problems 43% and 41% of…