June 2025 - BillionDollarClub

TuesdayJun 24, 2025 11:15 am

D-Wave Quantum Inc. (NYSE: QBTS) Partners with Yonsei University and Incheon City to Advance Quantum Adoption in South Korea

The three parties signed an MOU focusing on research collaboration, education, and commercial use case development. MOU facilitates the organizations’ efforts towards the acquisition of a D-Wave Advantage2(TM) system at the Yonsei University International Campus. The collaboration aims to advance mutual research and talent development for quantum computing, provide access to D-Wave’s quantum computing technology, and explore the development of use cases in biotechnology, materials science and other areas. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has entered into a strategic partnership with Yonsei University and Incheon Metropolitan City designed to accelerate…

TuesdayJun 24, 2025 9:00 am

Norway Bans Crypto Mining to Curb Energy Supply Concerns

Norway has decided to temporarily ban new crypto mining data centers in order to protect its energy supply. The ban was announced on June 20, 2025, and will begin in August 2025. The goal is to reduce the huge amount of electricity used by crypto mining activities and to make sure that energy is available for other important uses. Crypto mining is the process of creating new units of digital currencies like Bitcoin. It requires strong computers that work all day, using a lot of electricity to solve complicated math problems. These computers run in data centers, which are large…

FridayJun 20, 2025 9:00 am

The Difficulty of Mining BTC Just Eased Slightly, Data Shows

Bitcoin mining just got a little easier, at least on paper. Data shows that Bitcoin’s mining difficulty dropped slightly from its all-time high. On June 15, the network recorded a small decrease in difficulty, going from 126.9 trillion (set on May 31) down to 126.4 trillion. While this might not seem like a big change, it’s actually a sign of important shifts happening in the mining world. What is Mining Difficulty Anyway? Mining difficulty is a number that shows how hard it is for computers to solve the puzzles needed to add new blocks to the Bitcoin blockchain. The harder…

TuesdayJun 17, 2025 9:00 am

Barclays to Slash Over 200 Jobs from its Investment Banking Unit

Barclays, one of the most well-known banks in the United Kingdom, is preparing to cut more than 200 jobs from its investment banking division. This decision is part of the bank’s ongoing efforts to improve performance and channel more resources into business areas with stronger growth prospects. The job cuts are expected to affect around 3% of the investment banking workforce, including some of the most senior employees, such as managing directors. According to reliable sources, these layoffs will be carried out in the coming days and will affect staff working in various departments, including investment banking, global markets, and…

FridayJun 13, 2025 9:00 am

New Innovation Allows Solid-State Batteries to Function at Lower Pressures

Researchers at Georgia Tech ave made an important breakthrough in battery technology. They’ve developed a new method that allows solid-state batteries to operate under reduced pressure. This discovery could lead to batteries that are safer, more efficient, and longer-lasting, ideal for devices like smartphones, electric vehicles, and portable tools. Currently, most modern devices rely on lithium-ion batteries. While these batteries are widely used due to their power and dependability, they come with certain risks. Their liquid-based components can overheat and, in rare cases, catch fire. Additionally, they don’t store enough energy for some high-demand uses, like long-distance electric cars. Because…

ThursdayJun 12, 2025 9:00 am

Stablecoins Notch Historic Milestone as They Breach $250 Billion Mark

Stablecoins have reached an unprecedented milestone, with their total market capitalization exceeding $250 billion for the first time. This achievement marks a significant moment in the evolution of digital assets, underscoring the increasing trust and reliance on fiat-backed cryptocurrencies in both the crypto ecosystem and traditional finance sectors. Data from DefiLlama indicates that stablecoins collectively are now worth $250.472 billion, representing 7.48% of the global crypto market, which currently stands at $3.35 trillion. This growth isn't happening in isolation; more than $2.5 billion has poured into the stablecoin sector within the past week alone, reflecting strong investor demand and momentum.…

TuesdayJun 10, 2025 9:00 am

Why Tesla, Musk are Switching Their Positions on EV Tax Credits

Elon Musk, the CEO of Tesla, once argued that the federal electric vehicle (EV) tax credit of $7,500 should be scrapped. He believed Tesla could succeed without government help and even suggested that all subsidies, including those for oil and gas companies, should be removed. But recently, both Musk and Tesla have taken a different stance. They are now in favor of keeping the tax credits. So, what’s behind this shift? Financial Pressure on Tesla Tesla has hit a rough patch. In 2024, the company experienced a decline in yearly vehicle sales for the first time. During the first quarter…

FridayJun 06, 2025 9:00 am

Home Charging, PHEVs Could Accelerate Reductions in Global Emissions

Climate change is one of the biggest challenges the world is facing today. A major cause of this problem is the pollution that comes from vehicles like cars, trucks, and buses that run on petrol or diesel. These vehicles release carbon emissions into the air, which are harmful to the environment. However, with the rise of new car technologies and better energy solutions, there is a chance to reduce this pollution. Two important ways to do this are by using home charging and plug-in hybrid electric vehicles, also known as PHEVs. PHEVs are vehicles that can operate using both electricity…

ThursdayJun 05, 2025 9:00 am

Phone Giant Xiaomi Delivers 28,000 EVs in May

Xiaomi, a company mostly known for its smartphones, is now growing fast in the electric vehicle (EV) industry. In May 2025, the company reported that it delivered more than 28,000 electric cars. This marks the eighth month in a row that Xiaomi’s monthly EV sales have passed the 20,000 mark. Xiaomi’s Rapid EV Growth Although Xiaomi is still new in the electric vehicle world, it is moving quickly. Its first EV model, the SU7, is already attracting a lot of interest across China. The car is available in different versions, including Standard, Pro, and Max. In February 2025, Xiaomi launched…

TuesdayJun 03, 2025 9:00 am

Report Shows More Corporations are Holding Crypto Assets

A recent study has found that a growing number of businesses are now investing in crypto assets such as Bitcoin and Ethereum. This trend is increasing quickly, even though the global economy remains unstable. The report, authored by Binance Research, points out that many large corporations are adding digital currencies to their financial portfolios as part of their long-term strategies. Major Firms Showing Interest in Bitcoin and Ethereum The research shows that more than 117 publicly traded companies now hold over 800,000 Bitcoins in total. One notable example is Trump Media & Technology Group, which recently launched a $2.5 billion…

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Month: June 2025