Coinspeaker

2021-07-19 14:20:07 Zoom Video Communications Inc has recently announced an acquisition with a cloud contact center called Five9. The deal is worth $14.7 billion and marks the first-ever deal to be initiated by zoom to adopt the new cloud center activities.

For the first time since its launch in 2016, Alibaba’s Taobao Maker Festival will feature real-estate NFTs. The festival will feature iconic works of Chinese artist Heshan Huang as the NFTs will be sold in form of virtual real estate. The project execution will happen in partnership with NEAR Protocol and Web3Games.

DeFi protocol Aave announced a plan to launch an alternative social media platform to Twitter. According to Stani Kulechov, founder and CEO of Aave, the platform will run on the Ethereum blockchain. Open / Comment

2021-07-16 16:22:16 The S&P 500 has been trading at record-high levels. Analysts expect the markets to trade at their peak until the government provides stimulus to back the economic recovery.

PayPal Holdings Inc, one of the largest online payments systems, in a recent announcement confirmed that the weekly crypto purchase limit has been increased from $20000 to $100000.

On Thursday, July 15, investment group J.C. Flowers announced the acquisition of a 30% stake in crypto trading platform LMAX. The LMAX Group specializes in offering crypto and FX trading to institutional clients.

In the mobile phone market, Apple Inc might be a more renowned name but it was overtaken by Chinese smartphone maker Xiaomi in the last quarter. Open / Comment

2021-07-15 17:38:36 Revolut, a UK-based fintech firm, has said on Thursday that it has raised $800 million in its latest funding round led by a Japanese investor SoftBank and UK-based Tiger Global.

The fragrance brand Axe hinted via a tweet at launching a scent called Dogecan that will be inspired by Dogecoin. The tweet was well received by the cryptocurrency fans.

Amid strong earnings season this week, US banking giants are in top gear. The four-largest US consumer banks reported blockbuster results for the second quarter (Q2 2021).

To expand its business scope, Netflix Inc is planning to introduce video games, and it is hiring an ex-Electronic Arts and Facebook executive to lead the team. Open / Comment

2021-07-14 18:19:40 Ethereum prices have hit a new low as US inflation has made their impact felt and have broken records in their wake.

Apple Inc has delighted the users of the iPhone 12 with a new accessory. Specifically, Apple has launched the MagSafe Battery Pack for providing extra battery life to iPhone 12 models.

Zomato, an Indian food-delivery startup announced on July 13 that it has raised $562.3 million from its anchor investors ahead of its planned Initial Public Offering opening on July 14. Open / Comment

2021-07-13 13:42:13 Shares of Virgin Galactic Holdings Inc fell 17.3% on Monday to close at $40.69. The drop happened after the company filed with the SEC a notice for a $500 million common stock sale.

As part of its continuous crackdown measures on the crypto route used by criminals for money laundering, the MET Police has seized £180 million ($250 million) worth of the digital asset yet again, the last seizure being just weeks ago.

Computing giant Microsoft Corporation announced its latest acquisition of security software provider RiskIQ. The deal will help Microsoft expand its footprint in the security business. Open / Comment

2021-07-12 21:45:08 In a historic development on Sunday, July 11, billionaire businessman Richard Branson achieved his dream of reaching space. On Sunday, Branson successfully reached space in the company’s spacecraft VSS Unity launched from New Mexico.

The Bank of Ghana has announced its intention to launch the pilot phase for its Central Bank Digital Currency by September.

The Los Angeles Dodgers, an American professional baseball team with the Major League Baseball has announced plans to auction a physical World Series ring as part of a package together with a single-edition non-fungible token crypto collectible.

Digital assets manager Grayscale has announced that its Large Cap Fund is now an SEC reporting firm. The company had in May filed for the United States Securities and Exchange Commission’s approval of the fund. The Large Cap Fund includes six major cryptocurrencies. Open / Comment

2021-07-09 13:25:28 A non-fungible token has become a part of a major art museum. Cryptopunk, which is one of the most expensive pixelated NFT characters, has been given a space at the prestigious Institute of Contemporary Art in Miami.

On Thursday, July 8, Wall Street remained largely under pressure with the US stock indices falling steeply amid the economic recovery concerns. The Dow Jones Industrial Average tanked 260 points, the S&P 500 also lost 0.86%.

Square and Twitter CEO Jack Dorsey revealed last month that Square was considering building a hardware wallet. On Thursday, Jack and Square hardware lead Jesse Dorogusker confirmed that the company has decided to move go ahead with the plan. Open / Comment

2021-07-08 15:32:36 The S&P 500 reached a new record on Wednesday. This has largely been attributed to investors’ returning to their usual tech stocks.

With two Oscar awards under the belt, popular actor Anthony Hopkins is now stepping into the non-fungible tokens market. His new movie ‘Project Zero’ shall be released as an NFT which will be available on the Vuele NFT marketplace around next month.

The latest rally in tech stocks has fueled the addition of a new member to the $100 billion wealth club in the person of Steve Ballmer.

The Boston Celtics basketball team on Wednesday announced its partnership with blockchain-based sports firm Socios. With this partnership, the 17 times world champions will join other sports franchises that have been involved with Socios. Open / Comment

2021-07-07 18:27:01 As the United States stock market resumed after a holiday extended weekend, investors have taken a bearish position on major market indices, including the Dow Jones Industrial Average, and the S&P 500.

Ultimate Fighting Championship, the world’s biggest mixed martial arts organization has recently entered a long-term deal ‘fight kit’ with crypto exchange Crypto,com.

The Pentagon announced on July 6 that it is canceling the controversial $10 billion cloud contract which was awarded to Microsoft Corporation over Amazon Inc during the Trump administration.

Global Investment firm, Goldman Sachs, says Ethereum presently assumes the greatest ‘potential’ as a sought-after platform which can overtake Bitcoin. Open / Comment

2021-07-06 23:05:34 The indecision regarding oil production and cut among the OPEC+ countries has pushed the oil price to a six-year high. On Monday, July 5, the group failed to reach a mutual consensus during the third round of talks in two weeks.

Binance has stated that Barclays’ decision to prohibit customers from buying cryptocurrencies on the exchange with debit and credit cards is a result of an “inaccurate understanding of events.”

Bitcoin, the world’s leading digital asset, has begun to lose its market dominance to Ethereum, this view was shared recently by the CEO of Celsius Network Alex Mashinsky during a recent interview with Kitco News. Open / Comment