Governance
Top tech news stories today: March 18, 2024
Stay informed with news covering moves by SpaceX, tech industry updates from Microsoft, and legal battles involving Apple and Meta.
Headline
Stay informed with news covering moves by SpaceX, tech industry updates from Microsoft, and legal battles involving Apple and Meta.
Context
Welcome to concise summaries of the latest developments shaping industries, markets, and technology worldwide. Discover the latest insights on blockchain advancements to tech giants’ legal battles. Blockchain Expo North America 2024 returns on June 5-6 at Santa Clara Convention Centre, California, offering a platform for blockchain enthusiasts. It explores advancements in blockchain, crypto, NFTs, and web3. ( The Cryptonomist )
Evidence
Pending intelligence enrichment.
Analysis
SpaceX, led by Elon Musk, is collaborating with a U.S. intelligence agency to build a network of spy satellites. Valued at $1.8 billion, the classified contract with the National Reconnaissance Office aims to bolster global surveillance capabilities. ( Benzinga ) With 34 days until bitcoin’s halving event around April 20, 2024, miners anticipate a 50% reduction in rewards. Despite bitcoin’s price hovering above $60,000 in March, nearing $74,000 on March 14, the halving may challenge profitability, possibly prompting miners with high operational costs to consider cessation. ( Bitcoin.com ) This weekend, bitcoin fell to its lowest point in ten days, dropping below $65,000. Other cryptocurrencies also saw losses, leading to a total market decline of over $100 billion daily and $300 billion over the past few days. ( Cryptopotato ) Microsoft’s data centre in Goodyear, Arizona, will consume an estimated 56 million gallons of water annually, straining the town’s water supply. This massive usage, equivalent to what 670 families need for a year, raises concerns about potential water shortages if more centres are allowed. ( Microsoft Start )
Key Points
- 1. Blockchain Expo North America returns to connect blockchain, crypto, NFT and Web3 ecosystems
- 2. Elon Musk’s SpaceX is secretly building a huge spy satellite network for the US government
- 3. Bitcoin miners near final month before reward halving slashes revenues
- 4. Bitcoin slumps to 10-Day lows, DOGE and SHIB among the double-digit losers
- 5. Huge Microsoft plant is draining tiny Arizona town of its water supply to power AI and cloud development – with locals furious tech giant is redacting its figures in city’s records
Actions
Pending intelligence enrichment.
