Coinspeaker

2022-09-29 18:19:28 Volkswagen Group is launching an initial public offering of its subsidiary Porsche, an automobile manufacturer that specializes in high-performance sports cars. Porsche is expecting to reach a $73 billion valuation and become the world’s fourth-most valuable car producer.

On Wednesday, September 28, despite the broader recovery on Wall Street, stocks of Apple Inc came under pressure over concerns over the demand for Apple’s latest iPhone lineup.

British central bank took emergency measures announcing the purchase of long-dated government bonds to stabilize the falling market. Furthermore, it decided to postpone the start of its gilt sale program next week.

At the onset of the famous Festival season and Amazon’s second Prime Day, Amazon conducted a fall hardware event to introduce and showcase its new products. Here’s a detailed guide to the new products launched by the firm on September 28th.

The US tech IPO market is experiencing its worst year since 2000. Stock market volatility, interest rate hikes, and rising inflation are taking their toll on the IPO of US tech companies. Open / Comment

2022-09-27 16:29:36 Multinational retail giant Walmart has launched two new experiences on the metaverse platform Roblox that target kids. Within Roblox, there are now two new spaces dubbed Walmart Land and Walmart’s Universe of Play, both provide unique interactive content and entertainment.

British auction house Christie’s is launching a new department to take advantage of the booming market for sports collectibles, including sneakers and sports-inspired streetwear. Furthermore, Christie’s new department, known as Department X, will also sell rare collectibles across a host of industries.

The past 24 hours have been very interesting as some of the leading digital assets have staged a mini rally. Bitcoin and Ethereum were both 5% up until they marginally dropped a portion of their gained value to stay 4% up.

Netflix plans to open an internal video game studio in Finland. This endeavor is part of a broader attempt by Netflix to boost audience and subscription numbers. The studio will be the first one built from scratch since Netflix’s official foray into gaming.

In a new partnership with crypto and fiat financial app, hi, Mastercard has announced the introduction of customizable NFT debit cards. Qualified cardholders can customize their debit cards with avatars from specific NFT collections they own. Open / Comment

2022-09-23 20:33:08 The yield on the 2-year Treasury recently attained a new 15-year high as markets assessed the Federal Reserve’s latest rate hike. This yield increase also comes amid a general uptick in yields on Friday.

After three months of delay, the Vasil hard fork upgrade which is part of Cardano’s Basho era has been triggered. It is a very important phase of the Cardano roadmap which focuses on optimization, scalability, and interoperability.

The economic crisis in the European Union is about to get more strained as the region’s currency, the Euro is down to 0.9780 against the United States Dollar, the lowest level recorded in 20 years.

Ripple’s XRP price, surprisingly, is leading the crypto market recovery, after rallying over 30% in the last two days. XRP has seen red most the most part of the year as the legal battle with the SEC continues to drag on.

Liverpool Football Club is dipping its toes further into the crypto space by initiating a collaboration with French blockchain-based sports startup Sorare. Sorare employs team player-owned fantasy sports games that roll out digital memorabilia as Non-Fungible Tokens. Open / Comment

2022-09-22 19:25:47 TikTok will begin to require verification of political accounts belonging to US government departments, politicians, and political parties. The Chinese short-form video hosting service HAS also announced its intention to ban videos targeted at campaign fundraising.

On Wednesday, September 21, the US Federal Reserve announced a 75 basis point rate hike marking a 15-year high. The announcement was quite as expected by Wall Street.

Chinese-based automaker Xpeng Motors has launched its widely-anticipated G9 SUV, featuring some world-class technological advancements and features. The launch was officially announced on Wednesday but the general rollout is slated to begin in October.

Puerto Rico-based FV Bank has announced a strategic integration with USDC issuer Circle to enable account holders to receive deposits of the stablecoin into their accounts. With this integration, Circle will instantly convert USDC deposits to USD.

Binance is setting up a new global advisory board to help the crypto exchange’s financial regulation. This seems to be a good call, especially as the US SEC has been keeping an eagle eye on crypto companies. Open / Comment

2022-09-21 17:55:47 The United States Federal Reserve Open Market Committee is expected to conclude its 2-day meeting and the world is keenly anticipating how much it is set to increase the interest rates.

On Tuesday, September 20, business intelligence firm MicroStrategy announced a fresh purchase of 301 Bitcoins at an investment value of $6 million.

American multinational technology company NVIDIA Corporation has announced the launch of its Omniverse Cloud Service as it looks to support metaverse-related engagement for industrial purposes.

Colorado citizens can now pay their taxes in crypto like Bitcoin and Ether, via the first state tax payment proposal in collaboration with PayPal, according to the State’s Department of Revenue.

Revolut has added support for 29 new tokens as it looks to expand its operations in the United States. The new service is made possible through its partnership with Apex Crypto, and beyond the regular trading, Revolut is exploring additional product offerings for its potential customers. Open / Comment

2022-09-19 19:28:16 Bitcoin again fell below the $20,000 mark on Sunday after losing more than $300 from its previous close. The world’s largest cryptocurrency by market cap fell by 1.54% to close at $19,804.

According to a report by Singaporean cybersecurity company Group-IB, the number of crypto scams that use fake domains has surged 5X during the first half of 2022 compared to H2 2021.

The United States stock market is retrogressing further as investors are taking a cautionary approach as evidenced in the plunging Nasdaq 100 futures. At the Federal Open Market Committee meeting slated for Tuesday and Wednesday this week, the Fed is expected to raise interest rates by as much as 75 basis points.

Crypto market bleeds as liquidation tops $400 Million.The first signs of the turmoil came last Tuesday after the CPI data showed inflation is still on the horizon. The recent liquidations have now pushed the total crypto market cap below $1 trillion again, at a loss of about $60 billion daily. Open / Comment

2022-09-16 16:04:25 The US White House has released a new framework for regulating the crypto industry. The new guideline stems from the Executive Order that was issued by President Biden back in March.

Two leading crypto exchanges FTX and ByBit are among the first crypto trading platforms to launch spot ETHW trading. Both ByBit and FTX are offering ETHW trading following the successful Ethereum Merge, even as the network is preparing for a hard fork.

Celsius Network has filed a motion at the US Bankruptcy Court for the Southern District of New York. According to the filing, Celsius is seeking permission to sell off its stablecoin holdings to fund its operations.

On Wednesday, Great Britain’s pound plunged to its lowest level against the US dollar since 1985 as investors fled British assets in the face of a gloomy economic outlook coupled with the surging dollar.

Fortnite creator Epic Games has listed its first NFT-powered Web3 title, Mythical Games’ Blankos Block Party on its store. The latest game became the first Web3 title published on the marketplace of Epic Games. Open / Comment

2022-09-15 18:44:32 Ethereum successfully transitions to PoS, there are now a lot of expectations from the wider Ethereum community as many will now look to test out the capabilities of the new Proof-of-Stake protocol.

Tesla Inc is rolling out a limited-edition Cyberwhistle collectible inspired by its futuristic Cybertruck series. According to Tesla, Cyberwhistle will be available for buying using Dogecoin only, it is priced at as much as 1,000 DOGE.

Flutterwave, a Nigerian fintech company that provides commercial financing and mobile payment services, has announced that over 1,000,000 merchants can now accept eNaira as a payment on their platform. The option is an addition to existing methods such as cards, bank transfers, Barter by Flutterwave, etc.

Shell chief executive officer Ben van Beurden is to step down at the end of the year. After helming the Dutch-British oil giant for nearly a decade, Beurden will leave for director of integrated gas Wael Sawan.

American multinational computer software company Adobe Inc has announced it has reached a preliminary agreement to acquire Figma, a web-based collaborative design platform. As announced by the Delaware-incorporated company, the deal is sized at $20 billion. Open / Comment

2022-09-14 19:25:21 The latest US inflation report has drawn immediate reactions from the world’s leading cryptocurrencies Bitcoin and Ethereum. This follows after a key inflation metric, the consumer price index data was published, showing higher-than-expected figures.

Crypto custodian BitGo filed a lawsuit against Mike Novogratz’s crypto investment firm Galaxy Digital Holdings. BitGo is seeking $100 million in damages as Galaxy Digital backed off from its $1.2 billion acquisition of the crypto custodian.

Italian luxury sports car manufacturer based in Maranello, Ferrari, has released the ‘Purosangue’, its first-ever 4-door vehicle, modeled as a SUV. The Purosangue, the Italian word for “thoroughbred”, Ferrari’s debut in this new class of cars comes with a very unique taste and style.

SWIFT, the messaging system used by several countries and conducting tens of millions of transactions every day is now testing the use of blockchain technology. The Society for Worldwide Interbank Financial Telecommunication has joined hands with fintech firm Symbiont Inc. Open / Comment

2022-09-13 19:30:38 The US Bureau of Labor Statistics has released the core inflation data for the month of August, with the Consumer Price Index coming in at 8.3% year on year. While this figure is down from the 8.5% in July, and the lowest figure since April of this year, the key components of data show inflation is still sky high.

Opera crypto browser has announced the addition of a Web3 wallet selector ahead of the Ethereum merge. Launched in January, the browser provides comprehensive Web3 access to new and existing users.

A majority of the shareholders of Twitter Inc said that they are in favor of Elon Musk completing the $44 billion acquisition deal for the social media company. After a major hype about taking over Twitter earlier this year, Elon Musk decided to back off a few weeks later.

The American multinational chain of coffeehouses Starbucks has reportedly sealed a partnership deal with Polygon decentralized scaling protocol. This partnership would enable Starbucks to create a new loyalty program by allowing customers to earn and acquire digital collectible stamps in the form of NFTs.

On Monday, September 12, derivatives marketplace Chicago Mercantile Group announced its decision to launch ETH options trading. The announcement comes just two days ahead of the launch of Ethereum Merge, the most-awaited event of 2022. Open / Comment