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The price of bitcoin has crashed spectacularly following weeks of steady gains.

More than $10,000 was wiped from the cryptocurrency’s value in the space of just a few hours on Monday, taking its value below $50,000.

The price correction came after bitcoin hit a new all-time high above $58,000 on Sunday.

Bitcoin’s price fell to below $49,000 on Monday, though its remarkable gains meant it was still trading higher than it was one week ago.

Other major cryptocurrencies also experienced heavy losses, including Ethereum (ether), bitcoin cash, cardano and dogecoin.

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Our thoughts are private – or at least they were. New breakthroughs in neuroscience and artificial intelligence are changing that assumption, while at the same time inviting new questions around ethics, privacy, and the horizons of brain/computer interaction.

Research published last week from Queen Mary University in London describes an application of a deep neural network that can determine a person’s emotional state by analyzing wireless signals that are used like radar. In this research, participants in the study watched a video while radio signals were sent towards them and measured when they bounced back. Analysis of body movements revealed “hidden” information about an individual’s heart and breathing rates. From these findings, the algorithm can determine one of four basic emotion types: anger, sadness, joy, and pleasure. The researchers proposed this work could help with the management of health and wellbeing and be used to perform tasks like detecting depressive states.

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Today in an SEC filing, Tesla disclosed that it has acquired $1.5 billion in bitcoin, the popular cryptocurrency. Moreover, the company noted that it may also accept bitcoin in the future as a form of payment for its cars, though it did allow that there is some regulatory uncertainty around that effort.

As the news broke, the price of bitcoin instantly rose by around 7% to more than $40,000 per coin.

Tesla had previously telegraphed that it had an interest in the cryptocurrency, however to purchase such a large block of the coin is notable.

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Filipinos continue to lead the world in terms of hours spent on social media and are spending even longer hours on social networks, a marketing firm and a social media management platform said citing the results on their Digital 2021 study.

We Are Social and Hootsuite said Filipinos spent an average of 4 hours and 15 minutes each day on social media. This was a 22-minute jump from the country’s Digital 2020 average of 3 hours and 53 minutes, the companies said.

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