Coinspeaker

2023-02-01 20:03:42 Gold demand surged to an 11-year high in 2022 following massive central bank purchases. The World Gold Council said that active retail investor buying contributed to the 18% increase in gold demand last year.

After its initial rejection, Damus, a decentralized social media platform messaging platform has finally made its debut on AppStore. The social platform went live on Tuesday and the launch got a shout-out from Twitter founder and former CEO Jack Dorsey.

PayPal Holdings has announced plans to lay off 2000 global full-time employees, representing approximately 7 percent of its workforce.

Poundtoken, a British-regulated issuer of GBPT stablecoin, and BitcoinPoint have announced a strategic partnership to help United Kingdom users access a British Pound-backed stablecoin via a network of 18,000 ATMs.

Four years after leaving Instagram, its co-founders Kevin Systrom and Mike Krieger have come up with a new initiative, which is Artifact – a news feed application.

The defunct crypto exchange Bitzlato is looking to make a comeback once again in the market. The Hong Kong-based company has been charged with money laundering and got its servers seized in a major international operation earlier this month. Open / Comment

2023-01-31 18:52:34 The euro zone economy report for 2022 Q4 came in better than expected, calming fears of possible regional recession.

TikTok CEO Shou Zi Chew is expectedly to appear before Congress in March as US lawmakers intensify the scrutinization of the popular video-sharing platform.

Binance and Mastercard have partnered to launch a prepaid rewards card in Brazil. The new card will be available to Brazilians with valid national IDs and permit them to make purchases and pay bills using crypto.

Bitcoin has dropped along with the rest of the crypto market as traders lie in wait for what is expected to be another interest rate hike by the Federal Reserve.

Twitter is preparing to become a scalable Web3 platform as the company is applying for regulatory payment licenses across the United States. Additionally, the Elon Musk-owned platform is developing the needed software programs to ensure seamless payment services. Open / Comment

2023-01-30 20:40:02 Following a minor bull run over the weekend, Bitcoin mining revenue has increased by up to 50% in the first month of 2023.

The English Premier League has signed a potentially lucrative multi-year deal with leading fantasy soccer game Sorare. Under this agreement, Sorare players can acquire and use official Premier League-licensed non-fungible tokens.

As per the court filing last Saturday, January 28, lawyers representing disgraced FTX founder Sam-Bankman Fried are looking to remove a bail condition that prevented him from accessing the exchange’s funds.

Ford Motor Company recently increased production while also cutting its electric Mustang Mach-E crossover prices. The Michigan-based automaker explained it would reduce the Mach-E’s pricing by an average of about $4,500, depending on the model.

Dutch multinational conglomerate Philips announced on Monday that it will go forward with trashing 6000 positions to revive its profitability after respiratory devices were called back toppling its market value by seventy percent. Open / Comment

2023-01-27 20:51:26 E-commerce giant Amazon is planning to launch an initiative that involves non-fungible tokens. The NFT initiative, known as “digital assets enterprise”, will allow Amazon to focus on blockchain-based gaming that rewards players with NFTs.

Moody’s, the credit rating arm of Moody’s Corp is developing a new stablecoin scoring system that will see it classify as many as 20 stablecoins in the digital currency ecosystem.

British Finance Minister Jeremy Hunt recently indicated that he would push ahead with the country’s tax hikes. The Chancellor of the Exchequer also pledged post-Brexit reforms for growth in the United Kingdom.

BuzzFeed said that it would be using OpenAI, the creators of the popular ChatGPT platform, and leverage artificial intelligence to create content for its audience.

Senator Wendy Rogers has introduced some crypto bills to the state parliament in her frantic bid to see Bitcoin become legal tender in the state of Arizona. Open / Comment

2023-01-26 18:44:02 The world’s largest cryptocurrency Bitcoin continues to see more buying interest as the BTC price spikes above $23,000 once again, some altcoins follow this tendency.

A group of cybercriminals has hacked the Twitter account of the US-based stock brokerage Robinhood to promote scam RBH tokens on the Binance Smart Chain through the PancakeSwap decentralized exchange.

Nasdaq recently recorded a slightly lower close for a second day amid the latest batch of corporate quarterly earnings. The tech-heavy index closed lower on Wednesday for the second consecutive day as investors assessed corporate performances amid macroeconomic parameters.

As the FTX saga continues unraveling, more revelations are coming to the fore about the bankrupt exchange. In one of the latest developments, a court document has revealed the complete list of FTX creditors. Open / Comment

2023-01-25 18:20:13 Electric vehicle maker Tesla Inc will deliver the slowest sales growth in 10 quarters during its earnings announcement on the 25th of January.

Riot Games, the maker of League of Legends, recently confirmed that the source code for the popular game has been stolen.

Porsche announced that it would be ending its NFT minting program. Based on the classic Porsche 911, the German automobile maker introduced the 7,500-piece NFT collection back in November 2022.

The digital currency ecosystem is not seeing the best of days today as the combined market cap value just plunged by 2.82% to $1.03 trillion.

American space and rocket engineering firm, Rocket Lab USA Inc is seeing impressive growth in its stock price after it successfully completed its first space mission on US soil. Open / Comment

2023-01-23 22:06:14 Bitcoin price continued with its past few weeks’ rally over the weekend to hit $23k. Following the three-week pump, Bitcoin’s market capitalization has topped $438,187,899,265 fueled by huge whale accumulation, according to on-chain data.

Elon Musk plans to implement a zero-ads subscription model on the popular microblogging platform Twitter. The Tesla chief executive’s intent to revamp Twitter advertisement frequency and size is part of ongoing improvement processes at the company.

The Federative Republic of Brazil, the largest country in South America and Latin America, is set to launch a common currency with its largest international trade partner the Argentine Republic.

Crypto exchange Binance is gearing up to bring greater educational opportunities in the rapidly emerging Web 3 space. Binance Charity will be funding over 30,000 Web3 scholarships as part of the Binance Scholar Program.

Several big American banks are reportedly planning a payment wallet to facilitate online shopping. These banks include Wells Fargo, Bank of America, JPMorgan Chase, and four other financial institutions. Open / Comment

2023-01-20 17:17:40 After more than a month of exploring its options, Genesis Global Holdco LLC, a subsidiary of the Digital Currency Group has filed for Chapter 11 bankruptcy protection in the United States.

L’Oréal-backed NYX Professional Makeup has launched an online beauty decentralized autonomous organization dubbed GORJS, which is pronounced as gorgeous.

Revolut is presently trying to decide the best time to launch its native token RevCoin. Although Revolut has previously hinted that the RevCoin launch date will be this year, a spokesperson confirms that the specificity of the time will be dependent on the firm’s research.

Netflix saw a massive addition to its subscribers in Q4, exceeding Wall Street’s expectations. According to the fourth quarter financial results, the company gained 7.66 million paid subscribers, over the predicted 4.57 million.

Cardano Co-founder Charles Hoskinson has said that he is mulling over acquiring CoinDesk, the media wing of the now-struggling Digital Currency Group.

American multinational technology company Alphabet Inc may be crumbling under the weight of its own staff size and is considering a 12,000 workers layoff. Open / Comment

2023-01-19 21:09:08 After a series of job cuts across the tech industry last year, more companies are planning to further reduce their headcounts in 2023. This is coming after the tech space saw a surge in consumer demand at the coronavirus pandemic’s peak.

Rarible, a creator-centric NFT marketplace and issuance platform that utilizes the RARI token, has announced a zero-code Polygon community marketplace builder.

The apex bank of Spain, Banco de España has given the go-ahead to fintech firm Monei to carry on with its testing of a digital euro-based token EURM. The testing phase is expected to last between 6-12 months.

Crypto-based firm CoinDesk has begun weighing its options regarding a potential sale as it looks to attract growth capital. According to the WSJ, the firm has recently received offers above $200 million.

Dogecoin, Shiba Inu, and Bonk Inu have collectively accounted for $25.6 billion in trading volume within the past month. By comparison, leading crypto Bitcoin has accounted for $618.7 billion worth of trading volume in the same period. Open / Comment

2023-01-18 19:00:36 Inflation in the United Kingdom has fallen to 10.5% in December according to data from the British Office for National Statistics.

Solana Foundation and Ripple Labs Inc have announced their partnership with the Global Blockchain Business Council to promote the use of crypto-based solutions for issues related to climate change.

Bitcoin has recouped all losses incurred since the catastrophic FTX collapse last November. The leading digital currency recently hit a new post-FTX high, holding firm at over $21K for the last two days.

American multinational technology giant Apple Inc has indefinitely delayed the launch of its most revered Apple Glasses headsets. The postponement was based on the fact that Apple is facing significant technical difficulties to develop the product.

Recent research from Forex Suggest has shown that Dogecoin was able to reduce its carbon footprint by a whopping 25% in just a year. DOGE was the only meme coin to achieve this feat in 2022.

Tech giant Microsoft Corp is set to lay off as many as 11,000 employees within its cost-cutting initiative amid a slowing global economy. The jobs cut will be mostly from human resources and engineering departments. Open / Comment