Crypto-currencies are on a downward slope since the beginning of year 2018. The entire digital currency has lost 30 per cent in value in the month of January alone. This has been noted as the sharpest drop in the history of the digital asset. A total of $44 billion has been wiped off from the $200 billion market value of Bitcoin alone.
Soon after Finance Minister Arun Jaitely's budget speech, Bitcoin's value saw a sudden further drop in value by 9 per cent in the past 24 hours. The crypto-currency is now stands at value of around $9000.
The Finance Ministry had recently called it a ponzi scheme. This official statement of finance minister warns the investors that investing in crypto-currencies is entirely at their risk and should best avoid participating therein.
Apple Incorporation gave the first update in two years its active installed base, the number of major products such as iPhones, iPads and Macs in use in the world in its yearly earning reports. Apple said the base expanded 30 percent as compared to previous in last two years reaches to 1.3 billion.
This increase in user base should have been seen as positive because Apple aims to become less dependent on selling iPhones and shift to selling its existing customers services like Apple Music or add-on devices like the Apple Watch or AirPods.
Unveiled on Friday, Daimler's new Mercedes A-Class, includes company's own machine-learning and voice recognition technology in one of the industry's boldest attempts so far to take on Silicon Valley's finest.
The Mercedes "MBUX" dashboard system which is to be rolled out along with new Mercedes A-Class is as capable at understanding what you say and more importantly what you mean similar to Amazon's Alexa, Apple's Siri or Alphabet's Google Assistant.
If it works, Mercedes will set a new standard and give new hope to other automakers that they can build a voice interface that actually works like Siri or Google.
The Singapore parent of Flipkart Limited has reported a loss of Rs.8,771 crore equivalent to $1.4 billion for the financial year ending March 2017 according to the latest regulatory filing shows.
The company had reported a net loss of Rs.5,223 crore in the year 2015-16. This shows a 67% increase in loss for the homegrown e-commerce major. This rising loss is due to the intense in spending, Flipkart had to do on discounting and marketing in last financial year to fight the American rival Amazon which has also been spending aggressively in the Singapore Market.
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