Coinspeaker

2023-03-22 19:48:17 Bitcoin and the broader cryptocurrency market are currently holding up with their gains over the last weekend and earlier this week. Investors are keeping a close watch on the latest policy decision that will come out of the today's FED meeting.

Tech giant Google opened access to its AI chatbot tool Bard, which directly competes with OpenAI’s ChatGPT. However, this is limited access and Bard will be initially available only to selected users in the US and UK.

Non-fungible token marketplace Magic Eden is set to launch a fully audited Bitcoin NFT marketplace. This comes as Bitcoin-based Ordinals NFTs become increasingly popular.

Aircraft engineering company Virgin Orbit is about to close a deal with venture capital investor Matthew Brown. VORB stock is up over 73% in the pre-market while yesterday it closed down almost 15%.

The benefits offered in the NFT patent filed by Sony include the opportunity to have an interoperable Web3 gameplay experience, which means that players will be able to transfer NFTs between different devices. Open / Comment

2023-03-21 19:13:13 Duolingo Inc is reportedly working on a music app. In order to facilitate the development process, the company has opened two music-related jobs.

The US Supreme court is all set to hear its first-ever crypto case in history. Nine chief justices will hear the plea from lawyers representing crypto exchange Coinbase asking to pause a pair of class-action lawsuits against the crypto trading platform.

Twitch has announced plans to reduce its workforce as a result of its slowing growth and decreasing revenue caused by the current macroeconomic environment.

Richard Branson‘s Virgin Orbit might slip into insolvency ahead of this week in absence of a deal. Amid the current macro condition, the company has been struggling to secure a funding lifeline and avoid bankruptcy.

Tech giant Google announced the suspension of the Chinese e-commerce app Pinduoduo citing that they discovered malware in the unsanctioned versions of the software. Open / Comment

2023-03-20 22:07:53 The recent bullish momentum seen with Bitcoin shows no signs of fatigue as it recently surpassed $28K. BTC’s latest price development marks the first time since last June that the crypto has surged past $28,000.

Bitcoin ATM maker General Bytes has reportedly lost BTC worth about $1.5 million to a crypto hack. The company reported a security incident between March 17 and 18 that allowed unauthorized access to compromising user information.

Shares of Swiss banking giants UBS and Credit Suisse plunged substantially following a takeover of the latter. On Monday morning, UBS secured a 3 billion Swiss franc ($3.2 billion) bailout of its troubled domestic rival amid the global banking crisis.

Nike Inc is releasing the physical form of its NFT Air Force 1 sneakers, which was developed in partnership with digital art design studio RTFKT. The NFT was initially created with the contribution of Japanese artist Takashi Murakami.

Ripple‘s native XRP token recently surpassed $20 billion in market value following a broader digital currency market rally. According to reports, XRP gained roughly 5% over the last 24 hours, with BTC and ETH experiencing gains of 2.41% and 1.62%, respectively. Open / Comment

2023-03-17 22:20:43 Bitcoin has extended its recent bullish momentum, recently hitting $27K for the first time since June last year. On Friday, the dominant digital currency climbed to $27,028, marking a 6.5% increase in 24 hours.

First Republic shares rebounded off losses amid regional bank stock advancement after initially plunging 17% in Thursday’s extended trading. The San Francisco-based commercial bank recently secured a $30 billion rescue deal from several big banks in an unprecedented show of support.

Microsoft Corporation has launched Copilot, an OpenAI-powered AI assistant, to its popular business apps – Word, Excel, and PowerPoint. This assistive artificial intelligence technology seeks to enhance user experience.

Playboy Group has announced that it lost about $4.9 million in the value of the Ethereum assets it held last year. The parent company of Hugh Hefner’s Playboy confirms that the impairment loss came as a result of the crypto winter. Open / Comment

2023-03-16 18:49:35 The European Central Bank recently hiked interest rates by another half a percentage point following today’s Frankfurt meeting.

Salesforce has announced Salesforce Web3, a platform for its clients to develop NFT loyalty programs. Canadian whisky Crown Royal and toy manufacturer Mattel participated in the pilot program before the official launch.

After Fidelity Digital Assets announced an early waitlist for crypto trading in November 2022, Fidelity Crypto is now accessible to the public. The asset manager quietly opened access to the new offering, allowing users to trade Bitcoin and Ether.

Shares of aircraft engineering company Virgin Orbit Holdings Inc dropped by 33% in extended trading as the company is discharging nearly all its workers.

The Ethereum Shapella upgrade is on course for launch following its successful activation on the Goerli testnet. According to reports, this development is in the final phase before the upgrade goes live on the mainnet. Open / Comment

2023-03-15 19:16:39 As Amazon prepares to contend with Elon Musk’s SpaceX with Project Kuiper, the tech company plans to launch its first internet satellites into space before mid-2024.

America’s popular semiconductor manufacturer Advanced Micro Devices announced the launch of high-performance and energy-efficient AMD EPYC Embedded 9004 Series processors.

For the first time since June last year, Bitcoin price traded above $26K on Tuesday after the United States Bureau of Labor Statistics released the Consumer Price Index data yesterday that was in line with expectations.

With the banking industry in the United States currently experiencing financial strain, there may be a trickle-down to Europe where eyes are now fixed on banks like Credit Suisse Group. The bank’s shares are witnessing a massive freefall.

Shortly after launching the ChatGPT that got global attention, artificial intelligence company OpenAI released a multimodal AI dubbed GPT-4. The latest technology is a new image and text-understanding AI model. Open / Comment

2023-03-14 21:02:02 Treasury yields recently climbed amid investor interest rate assessment ahead of pivotal inflation data. Investors and analysts weighed the outlook for Federal Reserve interest rate hikes following Silicon Valley Bank’s collapse.

Meta Platforms Inc has announced its decision to end support for non-fungible tokens on its Facebook and Instagram networks, less than a year after launching the NFT-related features.

The price of Bitcoin climbed sharply on news that US inflation had met Dow Jones and Nomura estimates. In February, US inflation rose 0.4% month-on-month and 6% year-on-year as the Federal Reserve readies its next rate hike exercise.

The plans to acquire mega crypto media CoinDesk, a subsidiary of the Digital Currency Group by the world’s largest crypto trading platform Binance is currently “on hold”. According to the CEO of CoinDesk, the media firm has been getting a lot of offers with no decisions made yet.

The Californian Court of Appeals has overturned a lower court’s decision that sought to classify drivers working for ridesharing firms like Uber Technologies Inc and Lyft Inc as independent contractors.

General Motors is reportedly planning for a ChatGPT-powered virtual personal assistant in future electric vehicles. With this, GM is looking to expand its collaboration with Microsoft, which has a multi-billion dollar investment in OpenAI, the developer of ChatGPT. Open / Comment

2023-03-13 20:10:09 Uncertainty has continued to grip active players in the United States stock market with futures tied to major indices shedding off significant gains on Monday.

Nissan has made four new web3 trademark applications with the United States Patent and Trademark Office. According to the USPTO, the trademark filings were submitted on March 7 for the company’s Infiniti, Nismo, and Nissan models.

The Fed and the FDIC have assured depositors that they could withdraw money from Silicon Valley Bank thereby instilling some confidence among crypto investors.

In the wake of the recent failure of at least, three notable US-based financial institutions, Binance has started converting the remainder of its $1 billion industry recovery funds to other crypto assets.

Luxury automobile manufacturer Porsche achieved record figures in 2022 as sales revenue grew from 33.1 billion euros in 2021 to 37.6 billion euros. In addition to its 13.6% gain, the company had an impressive operating profit in the 12 months. Open / Comment

2023-03-09 20:20:14 Silvergate Capital has decided to shut down operations and liquidate its bank following effects of problematic market conditions.

Argentinian football star Lionel Messi has recently backed a Web3 soccer-centric gaming startup Matchday, during the latest $21 million seed funding round.

US President Joe Biden’s new budget plan could close tax loss harvesting on crypto transactions. A White House official confirmed that the budget will include a tax provision meant to reduce crypto wash sales trading.

After months of waiting and the most recent hope that repayment will start trickling in for MtGox creditors, the wait is now billed to be elongated by approximately one month.

Crypto exchange Gate.io is launching a crypto debit card, in conjunction with payment processing giant Visa, for European users. Gate Group plans to launch the Gate Visa crypto debit card via Gate Global UAB, a Lithuania-based entity of Gate.io Group that provides virtual asset services to clients. Open / Comment

2023-03-08 20:05:17 United States President Joe Biden is reportedly on track to propose a 5.7% increase to the salaries of Federal Government workers in the country.

WeChat has integrated the digital yuan into its platform to facilitate faster and more seamless user payments. The move by the leading Chinese social networking and payment app also serves to broaden the appeal of e-CNY.

American cloud-based software company Salesforce has joined a growing list of companies entering the AI space. It has partnered with Open AI and is set to launch Einstein GPT to support its software business.

Adidas AG recently released its Q4 2022 financial report, which revealed heavy losses sustained on several tiers. For the fourth quarter of last year, the German apparel giant suffered an operating loss of 724 million euros.

Jack Dorsey‘s Block Inc has been on a mission to democratize the Bitcoin mining industry and reduce the barrier to entry for new individuals joining the space, announcing that it’s planning to build a ‘Mining Development Kit’ for users. Open / Comment