Thursday , July 27 2023
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Tolu Ajiboye



Articles by Tolu Ajiboye

Ripple Labs Exec Dismisses Concerns around Potential SEC Appeal of Court Judgment

18 hours ago

[unable to retrieve full-text content]CoinspeakerRipple Labs Exec Dismisses Concerns around Potential SEC Appeal of Court Judgment
According to Alderoty, Ripple will handle any appeal the SEC decides to initiate even though he is confident in the judge’s previous ruling.
Ripple Labs Exec Dismisses Concerns around Potential SEC Appeal of Court Judgment

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Spotify Grows Revenue to €3.2B in Q2 2023, with 551M Active Users 

2 days ago

[unable to retrieve full-text content]CoinspeakerSpotify Grows Revenue to €3.2B in Q2 2023, with 551M Active Users 
Spotify’s Q2 2023 figures shows a strong quarter as its revenue and monthly active users both beat the company’s guidance.
Spotify Grows Revenue to €3.2B in Q2 2023, with 551M Active Users

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US Tech Giants to Benefit from Improved Cloud Business Thanks to Focus on AI

3 days ago

[unable to retrieve full-text content]CoinspeakerUS Tech Giants to Benefit from Improved Cloud Business Thanks to Focus on AI
US big tech may be seeing their cloud businesses pick up steam again as interest in AI rises, and consumers spend more on advertising.
US Tech Giants to Benefit from Improved Cloud Business Thanks to Focus on AI

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XRP Futures Hit New Open Interest Record for 2023

8 days ago

[unable to retrieve full-text content]CoinspeakerXRP Futures Hit New Open Interest Record for 2023
Open interest on XRP futures has set a new record over $1.1 billion as the community continues to celebrate Ripple’s win against the SEC.
XRP Futures Hit New Open Interest Record for 2023

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Meta’s Threads Already Has One-Fifth of Twitter’s Weekly Active User Base

10 days ago

[unable to retrieve full-text content]CoinspeakerMeta’s Threads Already Has One-Fifth of Twitter’s Weekly Active User Base
The number of downloads and general user base Threads has pulled since launch is expanding and has already surpassed that of Twitter rivals.
Meta’s Threads Already Has One-Fifth of Twitter’s Weekly Active User Base

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Shibarium Layer 2 Blockchain Set to Launch in August, Says Shiba Inu Lead Developer

20 days ago

[unable to retrieve full-text content]CoinspeakerShibarium Layer 2 Blockchain Set to Launch in August, Says Shiba Inu Lead Developer
In addition to launching Shibarium in August after the blockchain conference, Shiba Inu would likely provide more information on ecosystem projects.
Shibarium Layer 2 Blockchain Set to Launch in August, Says Shiba Inu Lead Developer

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Bitcoin Hits New 2023 High Not Seen in 13 Months

21 days ago

[unable to retrieve full-text content]CoinspeakerBitcoin Hits New 2023 High Not Seen in 13 Months
The price of Bitcoin could continue its way upwards as the SEC mulls spot ETF applications, leading to a new 2023 high for the king coin.
Bitcoin Hits New 2023 High Not Seen in 13 Months

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Fourth Paradigm Receives Hong Kong IPO Green Light from Chinese Regulator after Fourth Attempt at Public Listing

22 days ago

[unable to retrieve full-text content]CoinspeakerFourth Paradigm Receives Hong Kong IPO Green Light from Chinese Regulator after Fourth Attempt at Public Listing
Following acceptance by the CSRC, Fourth Paradigm should proceed with launching its IPO in the Hong Kong market.
Fourth Paradigm Receives Hong Kong IPO Green Light from Chinese Regulator after Fourth Attempt at Public Listing

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OECD Data: UK Is Only G7 Country where Inflation Is Still Rising

23 days ago

[unable to retrieve full-text content]CoinspeakerOECD Data: UK Is Only G7 Country where Inflation Is Still Rising
Inflation in the UK is still on the rise despite continuous hikes in interest rates and inflation reductions in other G7 countries.
OECD Data: UK Is Only G7 Country where Inflation Is Still Rising

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Voyager Creditors Receive $5.1M Bill from Law Firm for March-May Services

23 days ago

[unable to retrieve full-text content]CoinspeakerVoyager Creditors Receive $5.1M Bill from Law Firm for March-May Services
McDermott Will & Emery has submitted a new bill of $5 million to Voyager creditors for the third interim, leading to a total over $16 million.
Voyager Creditors Receive $5.1M Bill from Law Firm for March-May Services

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Typeface Valued at $1B Following $100M Series B Funding from Salesforce, Microsoft, Google

27 days ago

The funding round conducted only a few months after its public launch puts Typeface in fierce competition with similar tools.

Typeface, a generative artificial intelligence (AI) content creation platform for enterprises, announced it has concluded a Series B funding round. Typeface received $100 million in funding from a round led by Salesforce Ventures, the arm of Salesforce Inc (NYSE: CRM) that provides funding, support, and mentorship to startups. The round brings Typeface’s total funding to $165 million and puts the company’s valuation at $1 billion.
Other participants in the funding round include Google Ventures, the M12 venture fund from Microsoft, Madrona, Menlo Ventures, and Lightspeed Venture Partners.

In an official release, Typeface founder and CEO Abhay Parasnis said the

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ECB Set to Launch CBDC Market Settlement Trials by 2024

28 days ago

As research continues into a possible digital euro, the ECB plans to begin trials that settle transactions using a CBDC.

The European Central Bank will begin trials on market transaction settlements using distributed ledger technology (DLT) via a central bank digital currency (CBDC). The ECB’s readiness to begin the CBDC trials and experimentation follows the first meeting of the New Technologies for Wholesale Settlement Contact Group (NTW-CG).
The minutes of the meeting explored transaction settlements between financial institutions in addition to the development of a CBDC. The ECB’s trials will begin in 2024 and likely cover basic transactions and settlements as they will be “limited in capacity and time”.

The ECB and the Digital Euro CBDC
Last month, the ECB finalized a digital

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Orange to Transfer Bank Operations to BNP Paribas as Both Giants Begin Exclusive Acquisition Talks

28 days ago

After sustaining more than 1 billion euros in losses, Orange has decided to exit retail banking and has begun negotiations with BNP Paribas.

French telecommunications giant Orange is looking to get out of the banking sector by selling Orange Bank to BNP Paribas. Orange has now begun exclusive negotiations with BNP Paribas, which would end Orange’s banking business if successful.
Orange Bank has faced a little too much difficulty since the telecoms giant ventured into retail banking. The Orange Group began banking after buying a majority stake in Groupama Banque in 2016. At the time, Stephane Richard oversaw the acquisition and new business as the CEO. However, the current CEO, Christel Heydemann, is now getting rid of Orange Bank, hoping to sell it to BNP Paribas.

In an official

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European Commission Publishes Proposals to Preserve Cash and Create Digital Euro Framework

29 days ago

The European Commission’s proposals for the use of cash and the digital Euro contain similar content as a draft bill leaked earlier in June.

The European Union has published proposals that seek to preserve the use of cash in the region, while simultaneously setting a framework for the possible issuance of a digital euro. According to proposals by the European Commission, the aim is to ensure that banknotes and coins are still as accessible as ever while digital options are also supported.
The Commission said people in the EU have been transacting with euro coins and banknotes for over 20 years. While it wants this option to remain available, the publication notes that more people are now looking to digital payments. The European Commission stated:

“While 60% of people surveyed would

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