Coinspeaker

2023-02-16 17:02:02 A luxury sports car manufacturer Automobili Lamborghini has reportedly teamed up with NFT marketplace VeVe to release a limited edition of digital collectibles for its cars.

On late Wednesday, February 15, the cryptocurrency market surprised with a strong 10% jump adding more than $100 billion to investors’ wealth in a matter of hours.

Men’s fashion-based GQ magazine is foraying into the metaverse by launching its first-ever collection of 1,661 non-fungible tokens. Titled “GQ3 Issue 001: Change Is Good”, the collection features special art pieces created by popular artists.

Celsius Network LLC has established an acquisition agreement with NovaWulf Digital Management to exit bankruptcy. The bankrupt crypto lender agreed to the buyout plan with NovaWulf after vetting several other bids.

OpenSea has delisted the NFT collection that features royalty rights from Rihanna’s song “Bitch Better Have My Money” released back in 2014. Open / Comment

2023-02-15 19:51:02 On Tuesday, February 14, the US Labor Department reported the inflation data which stands higher in the first month of January 2023. The Consumer Price Index, measuring a basket of goods and services, jumped by 0.5% in January 2023.

Strike, one of the world’s leading digital payment provider built on Bitcoin’s Lightning Network, today announced that US-based businesses can now start using its API technology.

Investment banking company Goldman Sachs is retracting from its plans to develop a branded credit card for customers.

Binance CEO stated that the crypto industry might resort to non-dollar stablecoins following the ongoing BUSD drama. According to Zhao, the crypto ecosystem could start using stablecoins pegged to the euro, Singapore dollar, or yen. Open / Comment

2023-02-14 15:54:19 YouTube has announced the launch of its Creator Music platform which allows creators to monetize their video content. Now all YouTube Partner Program participants are able to access a huge music catalog and use the songs in the content they create.

In a first major crackdown on the stablecoin market, the New York Department of Financial Services has asked Paxos Trust Co. to stop issuing the Binance USD stablecoin on an immediate basis.

Meta Platforms is reportedly preparing for a new round of layoffs expected to take place in March. However, how many people the tech conglomerate intends to let go this time remains unknown.

Tron DAO has committed $100 million to AI Service Payment Platform, AI Infused Oracles, AI Informed Investment Management Services, and AI-generated Content.

Ford Motor Company has announced its plan to transition to a “leaner” structure, which will result in dismissing nearly 4,000 employees. The company is shifting its focus on EV production and precisely cutting 3,800 jobs across Europe over the next three years. Open / Comment

2023-02-13 21:20:37 Binance CEO Changpeng Zhao has spoken on the SEC's BUSD crackdown. Referencing the ongoing probe and impending SEC lawsuit against Paxos, Zhao said although the embattled company issues and lists BUSD, the funds remain safe.

Robert Kiyosaki, the author of Rich Dad Poor Dad, has cautioned investors that an imminent crash will push markets lower during this year’s Valentine’s Day.

Apple Inc is recording a significant slowdown in its plans to launch a number of hardware subscription services. The company is looking at launching a service that will enable its iPhone customers to finance their purchases using the Apple Card.

The Central Bank of the UAE alias CBUAE has announced the launch of its Financial Infrastructure Transformation Programme to focus on digital payment services including a CBDC.

Vitalik Buterin has donated twice following the catastrophic earthquake that struck Turkey and Syria last week. His most recent donation was on February twelfth, when he gave away approximately $77,000 (50 ETH) to Anka Relief.

Huobi recently announced the impending closure of its Cloud Wallet service due to “strategic and product adjustments.” According to the crypto exchange, it will effectively shut down its DeFi multi-token wallet on May 13th, 2023. Open / Comment

2023-02-10 19:52:40 Chinese e-commerce company JD.com is planning to launch an “industrial version” of ChatGPT dubbed ChatJD. It is applicable in “content generation” and “man-machine dialogue”.

American media personality Paris Hilton has long expressed her love for the metaverse. The forty-one-year-old socialite has, therefore, come up with a new concept that will be launched on The Sandbox game called Parisland.

GitHub, a for-profit company that offers a cloud-based Git repository hosting service, has been the latest tech firm to conduct a round of layoffs. Through the end of its fiscal year, GitHub will lay off 10% of its 3,000-employee team.

Meta Platforms has confirmed that former US president Donald Trump can now access his Facebook and Instagram accounts. Meta suspended the former POTUS from the social media platforms on the 6th of January, 2021 Open / Comment

2023-02-08 19:44:20 If any corporate entity has benefited from the ongoing war in Ukraine, then it will be the world’s 5 largest energy companies, fueling calls for higher taxation.

In the wake of the devastating Turkey earthquake, several crypto firms have promised support for the Turkey victims. Among the top crypto firms that pledged support for Turkey, we should mention Binance and Bybit.

Zoom Video Communications, a leading enterprise video communications provider, will lay off as many as 1,300 employees, or 15% of its total workforce.

Bitcoin and Ether prices experienced increased volatility on Tuesday following the awaited speech from Fed Chair Jerome Powell. BTC and ETH prices closed the day with a bullish sentiment up 2 and 3 percent respectively during the day.

Microsoft announced that its Bing search engine is receiving a major update powered by artificial intelligence (AI). In addition to its Bing search engine, Microsoft also mentioned a new AI-powered update to its Edge browser.

ByteDance Ltd is reportedly testing a food delivery service in China via its Douyin short video app. The TikTok parent is test-running a service that facilitates merchant promotion and sales of ‘group-buying’ packages. Open / Comment

2023-02-07 19:46:58 Tech giant Google has announced the launch of a new program called Bard that employs AI technology. The release comes amid the growing popularity of ChatGPT – an AI chatbot model that interacts in a conversational way.

For the first time since the year began, the price of Bitcoin seems to have lost its rising momentum and had a bearish weekly bar after hitting $24k and closing below $23k.

A recent report by the UN sanctions monitors alleges that crypto theft in North Korea hit a total of $1 billion. North Korean hackers also targeted systems operated by foreign aerospace and defense companies.

WeTransfer, a famous file transfer corporation, has partnered with Minima to launch a Non-Fungible Token minting service in March. According to the CEO of Minima, the cooperation is all set to examine the practical utility of the NFT technology.

Following a three-year collaboration, the Bank of England and the United Kingdom’s Treasury are ramping up plans for a digital pound. Despite the widespread consultations on the subject, the project is not yet ready. Open / Comment

2023-02-06 21:20:21 Last week, Nasdaq ended in the green snapping up its fifth consecutive of gains. This has been the longest winning rally for Nasdaq since it topped in November 2021.

SpaceX may conduct a Starship rocket system launch in March. Elon Musk said that if the remaining tests go well, then a Starship attempt launch will take place next month.

Recent research has named London as the readiest city in the world for crypto and blockchain technology. The research considered eight key metrics including crypto-related jobs, events, and taxes among other things.

Nissan and Renault have revealed the details of their redesigned alliance. Per the agreement, the Japanese are buying up to 15% stake in Renault’s EV unit Ampere.

The Lightning Network recently attained an all-time high as Bitcoin continues to rally. The amount of BTC locked in the network reached a record high, with the Layer 2 network’s capacity growing by more than 5,490 BTC.

During the Lunar New Year season, the Chinese government distributed millions of dollars worth of its CBDC. Chinese cities rolled out digital yuan activities worth more than 180 million yuan ($26.6 million) to prompt adoption. Open / Comment

2023-02-03 17:22:09 Positive Meta developments, including a good Q4 outing and rousing Zuckerberg’s comments, saw company's shares attain a decade-long positive phase.

The price of Bitcoin crossed the $24,000 threshold on Wednesday night. The upsurge corresponded with a gain in general tech stocks and a drop in the US dollar currency Index and US Treasury yields.

The European Central Bank recently increased rates by 50 basis points and pledged a further interest rate hike by March. On Thursday, the Euro system’s governing bank announced this development, which takes its key rate to 2.5%.

While tech companies are struggling and laying off employees to cut spending, e-commerce giant eBay Inc is hiring. Recently, eBay has opened a list of positions for roles related to the NFT technology and Web3 space.

American multinational technology giant Apple Inc has shared its last quarter performance report in which it recorded a slip in revenue below analysts’ expectations.

Chinese EV startup Xpeng has launched two flagship vehicles in Europe. This launch is part of a broader international push by the Guangdong-based company as it looks to increase its brand’s global visibility. Open / Comment

2023-02-02 19:38:52 The digital currency ecosystem is on the bounce today as evident in the uptick in the combined crypto market cap which surged by 4.52% to $1.09 trillion.

Aptos Labs, a web3 startup that focuses on developing a scalable layer-1 blockchain, announced a $50,000 grant award on Wednesday to Professor Lorenzo Alvisi of Cornell University in New York.

On Wednesday, February 1, tech giant Samsung launched the lineup for its flagship Galaxy smartphones. The Galaxy S23 smartphone lineup comes with three new models: the standard S23, the mid-variant S23+, and the most premium S23 Ultra.

Twitter will start drawing a charge from developers for accessing its Application Programming Interface (API). This development comes as the social media platform’s owner Elon Musk seeks to improve monetization.

Here’s How Much $1,000 Investment in McDonald’s One Decade Ago Will Be Worth Today Open / Comment