Hashtag Trending, May 4, 2021 – Ethereum quadruples in worth; Verizon sells Yahoo and AOL for $5…

by akoloy


Ethereum is quadrupling in worth this yr, Verizon sells Yahoo for $5 billion, and Intel pronounces a $3.5 billion improve to a chip manufacturing plant in New Mexico.

It’s all of the tech information that’s common proper now. Welcome to Hashtag Trending! It’s Tuesday, May 4 and I’m your host Alex Coop.

Ethereum breaks past $3,000 to quadruple in value in 2021 from technology

Cryptocurrency ether broke previous $3,000 on Monday, setting a brand new report excessive that has piqued the curiosity of finance specialists on-line. Ether, the token transacted on the ethereum blockchain, is up 325 per cent for the yr to this point. It’s even outpacing a 95 per cent rise within the way more common cryptocurrency, bitcoin. Experts advised Reuters that the launch of ether exchange-traded funds in Canada and surging demand for ether wallets to transact non-fungible tokens similar to digital artwork have additionally pushed up the worth.

Verizon sells Yahoo and AOL for $5 billion from technology

It’s taking place once more! AOL and Yahoo are being as soon as extra, however this time to a personal fairness agency. Wireless firm Verizon will promote Verizon Media, which consists of the 2 tech platforms, to Apollo Global Management in a $5 billion deal. Verizon says that it’s going to preserve a ten% stake within the new firm, which will likely be referred to as Yahoo. Long gone are the times when Yahoo dominated the web on the finish of the final century. The deal is predicted to shut within the second half of the yr.

That was Intel CEO Pat Gelsinger dropping huge information in an interview with 60 Minutes final week, confirming that the chip producer is investing $3.5 billion to improve a chip manufacturing plant in New Mexico. The transfer is supposed to spice up its new processor stacking know-how referred to as Foveros. Intel has been attempting very onerous in latest months to rejuvenate its manufacturing within the face of stiff competitors from AMD and a world semiconductor scarcity.

That’s all of the tech information that’s trending proper now. Hashtag Trending is part of the ITWC Podcast community. Add us to your Alexa Flash Briefing or your Google Home every day briefing. Make positive to enroll in our Daily IT Wire Newsletter to get all of the information that issues instantly in your inbox every single day. And catch the following episode of Hashtag Tendances, our weekly Hashtag Trending episode in French, which drops each Friday at 3 pm. I’m Alex Coop, thanks for listening!

 





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