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Technology

BTC/USD bulls make a comeback as difficulty reaches all-time high

  • BTC/USD has crossed the $10,300 level.
  • Bitcoin’s difficulty has reached 17.558 tera hashes, which is an all-time high.

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bulls stepped up big time following two heavily bearish days. The price has gone up from $10,169.70 to $10,300. As per the daily price chart, we have four strong resistance levels at $10,935.70, $11,098.82 (SMA 50), $11,330.62 and $11,536.50. On the downside, we have two healthy support levels at $10,171.60 and $9,613.55. The Elliott Oscillator has had three consecutive red sessions, which means that the overall market sentiment is still bearish.

BTC/USD 4-hour chart

BTC/USD 4-hour chart

The BTC/USD 4-hour chart is trending in a downward channel formation. The price has dropped from $11,412.60 to $10,314.50 in the last five sessions. The 4-hour chart has strong resistance at $11,618.24 (SMA 200), $11,472,16 (SMA 50), $11,407.35 (SMA 20), $11,245 and $10,698.45.  On the downside, we have one healthy support at $10,173.65.

Bitcoin

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The future of tech retail needs to be more hands-on

New technology often needs to be seen to be understood, but the pandemic and a massive shift from in-store to digital retail can make that tricky. Add to that a present era when category-defying products such as brain-computer interfaces, micro-mobility, new-edge exercise machines and sleep tech are proliferating and tech brands are seeking to gain traction. All of that creates a big question: What happens now for retail?

Vibhu Norby is CEO of B8ta, a chain of 20 stores that showcase tech in the broadest sense: Rather than endless aisles of screen-centric devices, B8ta stores are more like experiential ateliers populated with more than phones, TVs and laptops. Coffee makers, skin care products and backpacks share the stage with electronics. 

CNET has partnered with B8ta to host talks and presentations in the stores. 

B8ta store in Palo Alto

B8ta stores are hands-on showrooms.


B8ta

Rather than focusing on direct unit sales, the chain is

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Apple’s AirPods Studio headphones could have a lay-flat storage design

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Get ready to see this logo on a pair of headphones, if rumors are to be believed.


Angela Lang/CNET

In a series of patent filings published Thursday, Apple detailed technologies for its rumored upcoming AirPods Studio headphones, describing tech that identifies details about a person’s ears as well as new designs to fold headphones down flat for travel.

In patent applications called Headphones With Increased Back Volume, Headphones With Magnetic Sensor and Headphones With Removable Ear Pieces, Apple outlined designs for its long-rumored headphones. Among the technologies Apple has tested, the company outlined sensors to identify how the headphones fit on someone’s ears, as well as ear pads that help to better block outside audio. 


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Gamers left reeling as India pulls plug on Tencent’s PUBG in China spat

NEW DELHI/CHENNAI (Reuters) – For tens of millions of Indian gamers, Tencent’s PlayerUnknown’s Battlegrounds (PUBG) videogame was a welcome distraction from the coronavirus pandemic.

A boy plays Tencent Holdings’ PUBG videogame on his mobile phone at a cafe in New Delhi, India, September 3, 2020. REUTERS/Adnan Abidi

Then the Indian government said it was pulling the plug.

“When everything was under lockdown, PUBG’s interactive features gave me a semblance of real-world social interaction. It was a stress-buster for me,” said Mustafa Scentwala, 26, who lives in India’s financial hub, Mumbai, and played PUBG with nine friends for hours each day.

PUBG, part of the “battle royale” genre in which a group of players fight one another until only a single combatant is left alive, became a casualty of geopolitics on Wednesday when the Indian government said it was banning it, along with over a hundred other Chinese apps, as tensions

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Cheap 5G phones and 5G for home broadband are on their way

When 5G wireless lands in affordable smartphones that earn spots in the pockets and purses of cost-conscious customers, it may not resemble the next-generation wireless connectivity you’ve seen heralded in ads.

And that should be just fine. While 5G’s potential uses contain multitudes, the bits most relevant to everyday phone use don’t need its fastest, most fragile flavor.

The trick for phone vendors and wireless carriers will be to match that mass-market reality with the expectations they’ve raised. Just ask the company that’s done more to hype 5G than most, Qualcomm.

That San Diego firm behind almost all smartphone radio chipsets in U.S.-market smartphones continues to evangelize millimeter-wave 5G, which offers exceptional speed and capacity—but over an exceptionally limited range.

However, Qualcomm’s cheapest 5G chipsets, apparently including a low-cost series introduced Thursday at the IFA trade show to bring 5G to billions of users, don’t support millimeter wave.

And when

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Synaptics Incorporated Stock Rally Coming To An End?

Synaptics Incorporated stock (NASDAQ: SYNA) is up 34% since the beginning of this year, trading at $88 as of markets close on September 2nd, and we believe that Synaptics stock has a significant downside.

Why is that? Our belief stems from the fact that Synaptics’ stock has risen almost 2.5x from the low seen in early 2019. Our dashboard What Factors Drove 137% Change In Synaptics Stock Between 2018 And Now? provides the key numbers behind our thinking, and we explain more below.

Synaptics is a manufacturer of human interface hardware and software such as touchpads. display drivers, and fingerprint technology. The stock rise over the past 2 years came despite an 18% drop in Synaptics’ revenues, which combined

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G-Technology Releases NVMe SSD Protected With New ArmorLock Technology

Western Digital’s G-Technology brand today announced the release of a new ArmorLock encrypted NVMe SSD, which is a 2TB SSD that uses G-Tech’s newly introduced ArmorLock Security Platform. ArmorLock is a data encryption platform designed with finance, government, healthcare, media, IT, and legal professions in mind, offering greater security than is available with standard SSDs.


G-Technology’s ArmorLock SSD relies on a smartphone or computer for locking and unlocking through the ArmorLock mobile and desktop apps. It remains locked until it is paired to an iPhone or a Mac and unlocked with the device’s security mechanisms – Face ID, Touch ID, or a passcode.

G-Technology suggests that this system is ideal for SSDs that need to be shipped between different physical locations as it provides protection until the SSD is in the hands of the right person. Because this higher security technology is meant for professionals, the SSD is more expensive

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Dow drops 800 points as tech stocks slide

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The U.S. economy just had its worse performance ever as businesses shut down across the country as well as much travel decline.

USA TODAY

U.S. stocks took a steep tumble Thursday, posting their worst day since June after Big Tech stocks gave back some of their hefty gains over the past several months, which had powered Wall Street to record highs recently following a coronavirus-induced selloff in the spring. 

The Dow Jones Industrial Average dropped 807.77 points, or 2.8%, to 28,292.73, its biggest selloff since June 11. It had briefly tumbled more than 1,000 points in afternoon trading after eclipsing 29,000 for the first time since February on Wednesday. 

The S&P 500 slumped 3.5% to 3,455.06, also its biggest drop since June. The tech-laden Nasdaq Composite fell 5% to 11,458.10. Both indexes had set their latest record highs a day earlier, and the Nasdaq is still up nearly 28%

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U.S. Stocks Fall Amid Decline in Tech Shares

U.S. stocks fell sharply Thursday in their worst showing since June, driven by a broad decline in many of the technology companies that have led the market higher in recent months.

The tech-heavy Nasdaq Composite dropped nearly 5% to 11458, its biggest one-day percentage decline since June 11, in a reversal of a rally that had taken it and the S&P 500 to new highs. The S&P 500 lost 3.5% to 3455, with all 11 sectors showing losses.

The Dow Jones Industrial Average fell 808 points, or 2.8%, to 28293, interrupting a rally that sent the Dow industrials above 29000 for the first time since February a day earlier.

Big technology companies led the selloff, which accelerated in late trading before pulling back.

Facebook

Inc. fell 3.8%, while

Tesla

Inc. fell 9%.

Apple

Inc. lost 8%, a drop mitigated by its August stock split. Still, Apple lost $179.92 billion in

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U.S. Unemployment Rate Falls To 8.4%, Big Tech Stocks Lead Sell-Off

The Dow Jones Industrial Average and S&P 500 futures are likely to remain sensitive today as traders continue to digest the U.S. jobs report. The U.S. unemployment rate confirmed further improvement, falling to 8.4%. U.S. employers added 1.4 million jobs during August.

The overstretched stock rally may face more

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