Author: GT

The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCHuawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated.Huawei reported revenue for 2024 of 862.1 billion Chinese yuan ($118.2 billion), a 22.4% year-on-year rise.It is the company’s second-highest revenue figure ever, according to CNBC calculations, just shy of the record 891.4 billion yuan reported for 2020.Net profit fell, however, to 62.6 billion yuan, a decline of 28% versus 2023. Huawei said this was a result of increasing investments.It comes as the Chinese technology giant tries to adapt its…

Bitcoin is on track for its worst first-quarter performance since 2018, with prices dropping 11.86% in Q1 2025, according to CoinGlass. A shift in market sentiment has accompanied the decline, as Bitcoin faces selling pressure below $85,000. Nearly $90.56 million in BTC positions were liquidated in the past 24 hours, with long traders losing $79.3 million and short sellers losing $11.25 million. Bitcoin’s open interest has fallen by 4.5%, bringing it closer to a low of $54 billion, signaling a drop in trading activity. The long/short ratio currently stands at 0.6051, showing that 62.3% of traders expect further declines, while…

Institutional adoption of Bitcoin in Europe has been slow, with regulatory complexities and conservative investment policies acting as major hurdles. While the U.S. has made strides, including President Trump’s executive order establishing a federal Bitcoin reserve, European companies have largely stayed quiet on the matter. Elisenda Fabrega, general counsel at Brickken, a European RWA tokenization platform, noted that Europe’s hesitation to adopt Bitcoin stems from unclear regulations, institutional signaling, and market maturity. According to Fabrega, European companies have yet to take a clear stance on Bitcoin as a reserve asset, contributing to the slow pace of adoption. Although some companies…

The traditional four-year crypto market cycle, once closely tied to Bitcoin halving events, is no longer as predictable as it once was. According to Sandeep Nailwal, co-founder of Polygon, the cycle has shifted due to the growing maturity of the cryptocurrency market and the increasing involvement of institutional investors. Nailwal noted that although Bitcoin’s halving events still influence the market, their effect has become less pronounced. He explained that speculative activity has slowed due to high interest rates and low liquidity conditions, but once those factors change, a market rebound could occur. However, he expects the market to behave in…

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The rush to capitalize on the buzz around AI has led tech companies to dramatically expand their data center footprints. That’s been good news for companies like Nvidia, but it has also led to unprecedented growth in the power industry. New and expanded data centers are expected to double the sector’s power demand by 2029, according to JLL. As a result, developers and tech companies have been working overtime to lock in capacity. Nuclear and natural gas have gotten boosts from the forecasted demand, but few technologies have benefited in the near term like solar. Though solar power suffers from…

Bitcoin is making its way from trading desks to corporate treasuries, and by the end of the decade, it could be standard practice, according to one analyst. “Across all the different strategies and implementations, I anticipate that by 2030, a quarter of the S&P 500 will have BTC somewhere on their balance sheets as a long-term asset,” Elliot Chun, a partner at Architect Partners, wrote in a market snapshot. The strategy—holding bitcoin as a treasury reserve asset—was unorthodox when Strategy, formerly known as MicroStrategy, first adopted it in August 2020. The firm framed BTC as a hedge against inflation, a…

A year ago, Bluesky was opening up to the public and was known as one of the many X competitors that emerged after Elon Musk acquired the network formerly known as Twitter. Today, Bluesky’s social network has grown to over 33 million users, while the technology it’s built upon — the AT Protocol (or ATProto for short) — is being used to develop dozens more applications designed to work together as part of an open social web. The developers behind many of these apps attended the first conference dedicated to the AT Protocol, ATmosphere, held in Seattle last weekend. There,…

AI models are being cranked out at a dizzying pace, by everyone from Big Tech companies like Google to startups like OpenAI and Anthropic. Keeping track of the latest ones can be overwhelming.  Adding to the confusion is that AI models are often promoted based on industry benchmarks. But these technical metrics often reveal little about how real people and companies actually use them.  To cut through the noise, TechCrunch has compiled an overview of the most advanced AI models released since 2024, with details on how to use them and what they’re best for. We’ll keep this list updated…

It’s a bloodbath for digital assets, with traders hitting the sell button, wiping out over $160 billion of the total cryptocurrency market cap since Friday. Few things have compounded as the first quarter of this year closes out, leading to the sell-off, including Trump’s tariff threats, global economic concerns and the lack of a clear catalyst for the next leg up. However, if history is anything to go by, there might be some glimmer of hope heading into the second quarter, as April could bring a bullish setup for crypto. Based on the total percent return since 2010, April has…