Category: Business

  • Cardano founder Charles Hoskinson is building a new programming language for the network

    Cardano founder Charles Hoskinson is building a new programming language for the network

    Cardano founder Charles Hoskinson is writing a new programming language for his blockchain. He says it will be the first to combine what a user wants a transaction to do with cryptographic proof that the rules were followed.

    “I’m actually personally developing a programming language for Cardano,” Hoskinson wrote on X on Sunday, adding that he’s working on it with Lucas Rosa, a software engineer at Input Output Global who co-created Aiken, one of Cardano’s main smart contract languages.

    That’s not something most founders do once their network is this big. Hoskinson runs a company full of engineers and is still choosing to write the tool future Cardano apps could be built on himself.

    The language would support three tools: transaction intents, proof-carrying data and Groth16 proofs.

    An intent lets a user say what they want done and leave the steps to the app. A trader could ask to swap one token for another only if the final price meets set conditions, without spelling out how to get there.

    Proof-carrying data attaches cryptographic evidence to a piece of information, showing it follows certain rules. Another app can check that evidence without redoing every calculation behind it.

  • Two Analytics Companies Warn About Altcoins! “While Bitcoin Resists, the Sharpest Drop Since April is on the Horizon for Altcoins!”

    Two Analytics Companies Warn About Altcoins! “While Bitcoin Resists, the Sharpest Drop Since April is on the Horizon for Altcoins!”

    The negative sentiment in traditional financial markets is also affecting the digital asset market, with sell-offs concentrated particularly in altcoins, indicating a weakening appetite among investors for risky assets.

    If the decline concludes at current levels, it could mark the sharpest weekend drop since April.

    “Weekend sell-offs hit altcoins hard.”

    As fear in the stock market spilled over into crypto, a typical altcoin dropped by over 5%. If the weekend closes like this, it would be the biggest weekend drop since April.

    Glassnode also noted that data to date has shown that buying on Friday and selling on Sunday has been a profitable trading trend for Bitcoin since its June lows. However, the sharp decline experienced last weekend has called this trend into question.

    According to Glassnode, the continued selling pressure in altcoins suggests that weekend price movements could become riskier for investors.

    Altcoins Crashed! Bitcoin Losses Remained Limited!

    The decline in altcoins has also been a focus for the analytics company 10X Research, in addition to Glassnode.

    10X Research analysts noted that altcoins experienced a much sharper decline than Bitcoin during last week’s sell-off. According to 10X Research, the 141 cryptocurrencies the company tracks lost an average of 14% in value, while Bitcoin only fell by 3%.

    The report highlighted declines in trading volumes, a contraction in stablecoin supply, and net outflows from spot Bitcoin ETFs as indicators of weak market liquidity.

    *This is not investment advice.

  • Church speaks out as priest crushed to death by giant crucifix in front of worshippers

    Church speaks out as priest crushed to death by giant crucifix in front of worshippers

    The church where a priest lost his life after a crucifix fell on top of him has issued a heartfelt update.

    During a 7pm service on Saturday (17 October), Father Patricio Alfredo Sánchez Molinari, 53, was addressing his congregation from the altar when a crucifix hanging on the wall fell forward onto the back of his head.

    As seen in footage which has now been taken down, parishioners were crying and screaming at the Church of Perpetual Relief of the Central Vicariate in Guayaquil.

    Taking to Instagram, the church explained why it shared images from the scene, which didn’t include the crucifix on the wall.

    “We share the images of the Eucharist in memory of our beloved P. Patrick Alfredo Sanchez Molinari, CSsR., whom the Lord called to his bosom last night, October 17, while celebrating the Holy Mass,” it penned.

    Rev. Patricio Alfredo Sánchez Molinari died on Saturday during a livestreamed Mass (Facebook/Patricio Sanchez)

    Rev. Patricio Alfredo Sánchez Molinari died on Saturday during a livestreamed Mass (Facebook/Patricio Sanchez)

    “Cardinal Luis Cabrera, OFM. Archbishop of Guayaquil, celebrated the Eucharist, accompanied by the auxiliary bishops, priests, members of the Community of the Holy Redeemer and parishioners.

    “We appreciate all the messages of condolence from different parts of the world and especially, your prayers for the eternal repose of the soul of P. Patrick Sanchez.”

    Just moments prior to the incident, Rev. Molinari was reportedly talking about death.

    “One day, all of us here will also die, and sometimes the time we’ve spent on things doesn’t have as much meaning as the time we spend with God,” he said, according to the New York Post.

    “The quality time we give to God, to our brothers and sisters, to our husbands, wives, children, and family – that time is the best spent.”

    Parishioners were heard crying and screaming following the incident (Facebook/Patricio Sanchez)

    Parishioners were heard crying and screaming following the incident (Facebook/Patricio Sanchez)

    Paying tribute to the late priest, one person commented: “May the soul of our beloved Father Patrick rest in peace. Thank you Archdiocese of Guayaquil. Together in prayer.”

    Another added: “Today the Church mourns, but also gives thanks to God. Our brother priest has departed to the Father’s House.

    “A priest never dies alone, he dies having lived for others. With his hands he blessed, with his voice he forgave, with his life he taught us the Gospel not only with words, but with the example of his daily dedication.”

    Someone else said: “May God receive him in His Holy Glory, one of the best Priests that our Perpetual Help parish has ever had. His passing is very sad, only God knows why it happened this way, we will miss you a lot Father Patricio.”

  • Tesla Roadster Rocket Is the Cool ‘Flying’ Car You Can’t Have

    Tesla Roadster Rocket Is the Cool ‘Flying’ Car You Can’t Have

    In brief

    • Tesla showed a new Roadster on October 15 that drove up an inverted ramp, flipped in midair, and landed on its wheels using cold-gas thrusters developed with SpaceX.
    • Reservations are $50,000 for the Performance and $250,000 for the Thrust, while the single-seat Rocket is invite only; Musk says production begins in 2028.
    • Tesla’s website says the flying version is not approved for public road use, and no FAA or road-safety approval has been reported.

    Tesla’s new Roadster drove up an upside-down ramp, flew off the end, flipped in midair, and landed on its wheels. The livestreamed demo took place October 15 at a SpaceX test site in Texas, where the car also hopped over a row of Teslas that included a Semi truck.

    The stunt drew oohs and aahs on social media, especially on X where the announcement gathered over 10 million views.

    Myriad: How much will Elon Musk be worth? Click to make your prediction.
    Myriad: How much will Elon Musk be worth? Click to make your prediction.

    Even Musk’s former-friend-turned-foe Sam Altman praised it on X, “Wow the new roadster looks quite amazing, good job.” That is a generous take from a guy who reserved a Roadster in 2018 and had to wait 7.5 years to get a refund.

    Almost everyone is talking about it, and almost no one who is will get to own one any time soon (if ever).

    The trick that makes this car fly is cold-gas thrusters, which are basically compressed air blasted out of nozzles instead of burned rocket fuel. Lars Moravy, Tesla’s vice president of vehicle engineering, said 10 thrusters connect to 600 liters of compressed air, and that Tesla borrowed some technology from SpaceX to pull it off.

    On paper the car reports a top speed above 230 mph, more than 300 miles of range, and 0-60 mph in under a second. The on-stage test clocked 0.81 seconds, and Tesla lists the single-seat Rocket at under 0.59.

    Musk had been teasing this since last October, when he told Joe Rogan the next Roadster could be capable of flight and was “crazier than all the James Bond cars combined.” Tesla now bills it as “the best of the last human-driven cars.”

    Tesla has not announced a price for any version, but its reservation page asks $50,000 for the two-seat Performance and $250,000 for the Thrust, with $5,000 due up front and the balance within 10 days.

    The Rocket, the version built around a full flight system, seats one, has no listed figure, and is invite only. Musk said production begins in 2028.

    So, you will need to be among the chosen few to get your hands on one of these cars.

    BitcoinBTC · USD

    $82,340−0.51%

    Oct 12Oct 14Oct 16Oct 17Oct 19

    $83.9k$82.7k$81.4k$80.2k

    24h HighHigh$83,035

    24h LowLow$80,672

    VolVol$1.1B

    Market projectionsOdds by Myriad

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    Tesla’s own website says the flying version is not approved for public road use, and when Musk was asked whether the car is street legal, he said it “depends on your street.” No FAA or road-safety approval for it has been reported, so even with an invitation in hand you would not be taking it to the office.

    Making a flying car legal likely takes at least two regulators: U.S. carmakers self-certify that vehicles meet federal safety standards, while an aircraft needs an FAA airworthiness certificate, and the agency says certifying a new aircraft type can take between five and nine years.

    It’s hard to check history when it comes to flying cars. One of the closest precedents is Alef Aeronautics, whose Model A precursor received an experimental airworthiness certificate from the FAA in June 2023 that allows flight testing and was billed as a step toward a type certificate.

    Minnesota’s Jetsons law lets residents own a roadable aircraft but bans taking off and landing on public roads, following a 2020 New Hampshire law that gave private citizens the right to own flying cars.

    So you’ll likely need a special license to drive a car that also counts as an aircraft.

    Hovering is the other obstacle: a 2021 paper in Joule puts the power an electric aircraft needs to hover at 500 to 900 watts per kilogram, against 150 to 350 in cruise.

    In plain terms, the battery has to dump energy far faster than it does on a normal flight. Tesla’s cold-gas approach sidesteps that, which is likely why the demo showed jumps and a flip instead of a trip from one place to another.

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  • Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal

    Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal

    Weeks after bitcoin’s (BTC) price chart flashed a major bullish signal, Strategy (MSTR), the largest publicly listed accumulator of the cryptocurrency, is about to do the same.

    The signal, a golden cross, occurs when a security’s 50-day average price rises above its 200-day average. Some traders read the transition as a decisive bullish shift in momentum that can lead to a prolonged rally.

    For MSTR, which holds $69.81 billion in bitcoin, the cross could happen as soon as Monday. Since the company began buying the largest cryptocurrency for its balance sheet in August 2020, the stock has had two such crosses, and huge rallies followed both.

    The first happened on Sept. 15, 2020, with the stock at about $15.57. MSTR climbed to $127.29 by February 2021, a gain of 717%. A death cross, the opposite of golden cross, followed in January 2022. By then, the stock was at $46.83, still triple the value on the day the bullish signal first appeared.

    The second came on March 2, 2023, at $25.29. The shares peaked at $473.83 in November 2024, up 1,774%. When the death cross arrived in October 2025, MSTR was at $328.40, still 1,199% higher.

  • Grayscale’s Altcoin Message: Investors May Be Overlooking These Three Altcoins!

    Grayscale’s Altcoin Message: Investors May Be Overlooking These Three Altcoins!

    Pandl noted that these three major smart contract networks have not yet become a common preference among investors. He pointed out that investors might overlook the networks that form the core infrastructure of the crypto ecosystem while focusing on new opportunities. The expert emphasized the importance of Ethereum, Solana, and $BNB, urging investors not to disregard the classics.

    Pandl highlighted the importance of ETH, SOL, and $BNB, while also acknowledging that Zcash has achieved a remarkable position in the financial privacy space and Hyperliquid in the perpetual futures market.

    However, he noted that interest in these projects should not overshadow the long-term potential of large smart contract networks. According to Pandl’s assessment, the widespread adoption of blockchain-based financial services could bring the importance of established networks back into focus.

    Finally, Pandl stated that he does not expect the Fed to make another interest rate hike this month. He said that raising rates right before the upcoming election would be somewhat bold, so he does not expect a rate hike in October, but that another hike in December is possible.

    However, he noted that Bitcoin and altcoins could withstand one to three minor interest rate hikes, as a tightening like the 500 basis point increase expected in 2022 and 2023 is not anticipated.

    *This is not investment advice.

  • Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s

    When CoinDesk looked at the shift in March, public miners had announced more than $70 billion in AI and high-performance computing contracts. They had also cut their combined bitcoin holdings by more than 15,000 BTC from their peaks, partly by selling coins to pay for the buildout.

    Mining was already getting squeezed then. The report put the average listed miner’s cash cost to produce one bitcoin near $80,000 in the fourth quarter of 2025, and bitcoin was trading around $70,000 by March.

    AI contracts pay steadily for years, but the sites cost far more to build. Estimates suggest an AI-ready facility runs $8 million to $15 million per megawatt, compared with roughly $700,000 to $1 million for bitcoin mining, and AI customers expect the servers to stay up around the clock.

    The money also takes time to show up. In its latest mining report, fund manager CoinShares counted more than 4 gigawatts of AI capacity under contract across the miners it tracks, with only about 550 megawatts actually billing customers. Their contract backlogs topped $100 billion, while annualized AI revenue stood at just over $1 billion.

    As such, unless Nscale finds its own power or gets the grid to move a lot faster, the site it just cleared could sit idle for years.

  • Truth behind world’s most famous Bigfoot footage revealed in new documentary

    Truth behind world’s most famous Bigfoot footage revealed in new documentary

    It only takes a few seconds these days to question something you see on the internet but when Roger Patterson and Robert Gimlin captured footage of ‘Bigfoot’ back in 1967, the world of AI-generated content was still a long way away.

    Myths and legends have long formed part of our culture and there’s plenty of evidence to suggest that there are things out there, whether it be aliens, ghosts or even the Loch Ness monster.

    Aside from maybe Bessie, the world’s most famous mythical creature said to be living among us is probably Bigfoot, the ape-like creature which was captured in the minute-long video clip nearly 60 years ago.

    That clip has become one of the most viewed in history and shows a shaking camera eventually catch up to the Sasquatch, who turns to look in the camera’s direction before continuing on its walk.

    It has long split opinion as to whether or not the creature is real but it seems as if we’re finally going to get an answer, when the documentary Capturing Bigfoot drops on Amazon Prime and in select cinemas tomorrow (20 October).

    Well you might have guessed already but the documentary is reportedly set to unequivocally prove that the original footage is nothing more than a hoax.

    Now, you might well be unmoving in your beliefs, especially if you’ve spotted a Sasquatch around the mountains of North America yourself, but when it comes to the original footage, it’s definitely not real.

    Patterson had begun to show his film around America, and it was presented as something of a scientific discovery at the time, since even Hollywood surely wouldn’t have been able to create a mysterious being with that much detail.

    He said: “We played two weeks after Simon and Garfunkel, and took more money out of the building than they did.”

    Naturally, Patterson, who died in 1972, and Gimlin, who is still alive today at the age of 95, will have known the truth for many decades but only now will it be confirmed.

    It turns out that Bigfoot isn't actually real (Robby Klein/Getty Images for IMDb)

    It turns out that Bigfoot isn’t actually real (Robby Klein/Getty Images for IMDb)

    This is all thanks to the ‘smoking gun’ discovery of director Marq Evans who discovered some film from 1966, which depicts a rehearsal of sorts for the famous footage which would be released a year later.

    So, while it’s established that it’s not real, there will be many who will still dispute this evidence and stick with their beliefs no matter what, which is something the documentary explores as we’re all in a society that wants to believe in something a little out of the ordinary.

    Although Bigfoot might not exist, there’s fortunately many other conspiracy theories for people to believe in, and the recent developments about UFOs over in America suggests that this viral Bigfoot footage won’t be the last thing to capture a nation’s interest, so long as we don’t genuinely lose all intelligence and start to believe those AI videos of people jumping out of volcanoes.

  • US Air Force pays tribute to man who fell to death in front of screaming crowd after pre-match stunt goes wrong

    US Air Force pays tribute to man who fell to death in front of screaming crowd after pre-match stunt goes wrong

    The US Air Force has paid tribute after a man dramatically fell to his death before a football game in front of horrified crowds.

    The force has released the identity of the service member who died after he fell from the 170-foot rafters as thousands watched on at the University of Texas at San Antonio football game on Saturday (17 October).

    Now named as Air Force Tech. Sgt. Ian Patterson, he had plunged into the pitch during a fast-rope demonstration from the rafters of the Alamodome before the game kicked off.

    Patterson, of the 6th Combat Training Squadron, Texas, was later identified as the airman who died as the Nellis Air Force Base paid public tribute to him.

    Shocking videos on social media have showed the moment he plummeted to the ground as members of the crowd can be heard responding in shock.

    Onlookers watched on as the incident unfolded (X)

    Onlookers watched on as the incident unfolded (X)

    He is seen tumbling rapidly down the rope as one of the four service members taking part in the demonstration.

    Members of staff and paramedics quickly surrounded him on the ground, where it was later confirmed he had died following the disastrous stunt. More than 23,000 spectators were at the stadium when the incident unfolded.

    US Air Force remembers much-loved serviceman

    Patterson, from Fort Stewart in Georgia, had served in the Air Force for 15 years and had been awarded the Air and Space Commendation Medal during his time in service.

    “This tragedy is felt deeply across the 57th Wing,” said U.S. Air Force Brig. Gen. Scott C. Mills as he paid tribute.

    “Tech. Sgt. Patterson and his service mattered immensely to our wing, and to the family, friends, and teammates who had the privilege of knowing and serving alongside him.

    “Our team is now focused on standing beside Ian’s family, loved ones, and fellow Airmen as we navigate this profound loss together.

    “Our relationship with local community partners is incredibly important to our Airmen, especially during difficult times like these.

    Patterson was rushed away from the scene (KSAT 12)

    Patterson was rushed away from the scene (KSAT 12)

    “We are grateful to the San Antonio community and our mission partners at Joint Base San Antonio for the care, compassion and support they have shown.”

    The game still went ahead after 10-minute delay, with an investigation into the incident said to be underway.

    After the game, UTSA coach Jeff Traylor spoke about the moment the incident unfolded, saying: “There was something – you could just tell that the energy was just gone.

    “I’ve never had to deal with anything like that before. It just puts things in perspective. It really does.”

    Another witness, Adrian Corey, told KSAT: “Everybody was quiet, the band stopped performing. Everybody was dead silent.”

    UTSA officials had also shared their concern for Patterson after fans watched the fall in real time.

    A university spokesperson told the San Antonio Express-News: “We are deeply saddened by the incident that occurred at the start of tonight’s football game. Our heartfelt thoughts and prayers are with the soldier who was affected, his family and his military colleagues.

    “We recognise that members of our campus community may be emotionally affected by this incident and are activating wellbeing services to support our faculty, staff and students.”

    As UT San Antonio President Taylor Eighmy added: “Our hearts remain heavy following the tragic incident at the Alamodome prior to Saturday’s football game against the U.S. Naval Academy.

    “What was intended to be a day of camaraderie, tradition and celebration has been marked by profound sadness, and I know this has been a difficult and emotional time for many across our university community.”

  • Data from China Moves Markets, Bitcoin Rises to $82,500! Here Are the Details

    Data from China Moves Markets, Bitcoin Rises to $82,500! Here Are the Details

    The most significant development supporting risk appetite was the economic growth data from China. According to figures released by the National Bureau of Statistics of China, the country’s economy grew by 4.5 percent year-on-year in the third quarter. This rate exceeded the 4.3 percent growth recorded in the second quarter.

    Retail sales also showed that domestic demand was stronger than expected. Retail sales of consumer goods in China rose 1.1 percent, compared to market expectations of 0.5 percent. Given China’s weight in global manufacturing and commodity demand, strong data can boost demand for risky assets worldwide.

    Oil prices giving back some of their gains from the previous week also provided support to the markets. A sustained decline in oil prices could ease inflationary pressures, allowing the US Federal Reserve to be more flexible in its monetary policy. The market expects the Fed to keep its policy rate steady at 4.75–5 percent this month.

    However, it cannot be said that the rise in Bitcoin has been made permanent solely by the Chinese data. Geopolitical risks, the direction of oil prices, and upcoming US economic data could increase volatility again. The announced price also reflects the current market level; it does not represent a fixed value or target.

    *This is not investment advice.