Crypto news

[PRESS RELEASE – Please Read Disclaimer] MyEListing integrates with Coinbase Commerce to create ASAP Program Austin, TX – MyEListing.com, a free commercial real estate listings and data platform, has partnered with Millennial Title, and Championship Title to create a marketplace where anyone in the world can buy and sell US residential & commercial real estate with crypto via an integration with Coinbase Commerce, and close within one business day. The initiative is...

Following the CMA’s decision to veto the Microsoft-Activision deal in Britain, the computer software giant plans to appeal.  Britain’s Competition and Markets Authority has blocked Microsoft’s acquisition of gaming publisher Activision Blizzard (NASDAQ: ATVI). On Wednesday, the top UK regulator opposed Microsoft’s acquisition of the “Call of Duty” publisher. This verdict comes a month after the UK CMA deemed the tech giant’s impending control of Activision non-threatening to video gaming...

With the growing importance of Web3, adopting Two-Factor Wallets is seen as a significant step in improving security measures in the crypto industry. Trust Wallet, one of the largest self-custodial and multi-chain wallets, has partnered with Web3Auth to simplify Web3 onboarding using social logins. This collaboration allows users to access Web3 services using their existing social login credentials and other security factors. Trust Wallet’s newly deployed Multi-Party Computation (MPC)...

The Federal Reserve hiked rates another 0.25 basis points in late March. The decision came in light of the banking failure occurring within America’s borders, and many analysts found themselves wondering if bitcoin’s meteoric run would somehow be affected. The Federal Reserve Again Hikes Interest Rates This new rate hike brought interest to its tallest peak since 2007. That’s a whopping 16 years! In a statement, the Federal Reserve mentioned that inflation in the country...

The US Inflation Reduction Act propelled LG Energy Solution to an astounding income haul in its Q1 2023 results.  LG Energy Solution Ltd recently posted its Q1 2023 earnings, revealing a more than double profit haul. For the first quarter of the year, the Seoul-based battery company posted a 145% jump in profit and a 101% revenue rise to 8.7 trillion won. LG Energy Solution’s reported operating profit for the year’s first three months was 633 billion won (S$633.1 million). A year ago, the...

Pony.ai is the first and only company to receive such a permit in Guangzhou. Software company Pony.ai has received a permit to operate its driverless robotaxi services in Guangzhou city of China. The startup, which is backed by Toyota Motor Corp., now has the authorization to offer its service in the Chinese city. The vehicles will have no safety operator nor human beings in the driver’s seat, as Pony.ai provides full driverless robotaxi services in Guangzhou. Pony.ai began driverless...

Ishan Wahi has cited reasons such as “modest, law-abiding and admirable life” and mental health for the court to consider a jail term no more than 10 months. In the latest court filing, crypto exchange Coinbase former product manager Ishan Wahi, who’s guilty of insider trading, has asked for a jail term of no more than 10 months. The lawyers representing Wahi have made an appeal to the court in their recent filings. First-Ever Insider Crypto Trading Case Wahi pleaded guilty to the...

FTX got the nod earlier this year to sell some of its business units. The FTX exchange has now reached an agreement to sell its crypto derivatives platform LedgerX in a deal worth about $50 million. According to a Reuters report, FTX has agreed sale terms with an affiliate of Miami International Holdings Inc. However, the sale is still subject to approval from the US court overseeing FTX’s bankruptcy proceedings. To this end, a sale hearing has been slated for May 4, and hopefully, the...

Chinese tech giant Alibaba will cut the prices of its cloud services by up to 50% starting today as it hopes to grow the sector. Alibaba Group (NYSE: BABA) recently announced cutting its cloud prices by 50% to spur business growth. The Chinese tech giant seeks to carve out a bigger share of its local cloud market amid increasing competition. By drastically reducing the prices of cloud-based products and services, Alibaba hopes to better compete with the likes of Tencent. Reports state the...

While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking. The price of Bitcoin (BTC) is dramatically on the rise despite starting the day with a bearish slump. At the time of writing, the premier digital currency is changing hands at $28,810.19 after printing a 5.41% growth over the past 24 hours. Riding on its current outlook, the cryptocurrency is now paring off the losses it...