Crypto news

Bluesky allows users to use domain names as handles to help achieve decentralized verification and give users more control over their identity. Bluesky, a social media platform created by former Twitter Inc boss Jack Dorsey, has gained significant traction even before its official launch. The official Bluesky Twitter account has more than 252k followers without a solid protocol to showcase to the users. Nevertheless, the Bluesky application has been downloaded more than 245k times by...

Leading hamburger purveyor McDonald’s experienced earnings growth for Q1 2023 despite sporting a pricier menu.  McDonald’s Corporation (NYSE: MCD) has published its Q1 2023 earnings results which beat the consensus estimate. For the year’s first quarter, the fast food restaurant chain pulled in revenue of $5.9 billion versus the $5.59 billion expected by analysts. In addition, the prominent Chicago-based company realized earnings per share (EPS) of $2.63 adjusted versus $2.33 expected....

[PRESS RELEASE – Abu Dhabi, Abu Dhabi, April 25th, 2023] Venom, a Layer-1 blockchain that operates out of the Abu Dhabi Global Market (ADGM), today announced that its public testnet is officially live. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Along with the testnet launch, Venom has also unveiled a host of in-house developed decentralized applications as part of its growing ecosystem. The testnet design suits...

[PRESS RELEASE – Vilnius, Lithuania, April 25th, 2023] Animoca Brands, the company advancing digital property rights for gaming and the metaverse, and its subsidiary Lympo, a leading global sports NFT ecosystem, announced today a partnership with the Ultimate Fighting Championship (UFC) champion Rose Namajunas to provide a digital memorabilia collecting challenge called “Build Your Own Fighter with Thug Rose.” The collector’s challenge “Build Your Own Fighter with Thug Rose”...

Klarna seeks to leverage the power of AI for offering curated shopping experiences to customers while also introducing TikTok features and new tools for advertisers. The artificial intelligence (AI) revolution is taking over and has only accelerated over the past few months. As a result, companies are making quick pivots to hop on the trend and adopt the prowess of this new tech revolution. Recently, fintech firm Klarna announced a massive redesign of its app while adding an AI-powered...

Arbitrum – a leading Layer-2 scaling solution for Ethereum – started distributing its governance token (ARB) on April 25th. The airdrop is part of the platform’s roadmap, which designated 1.13% of the overall 10 billion token supply for qualified DAO projects. According to the latest data, Arbitrum has distributed over 90 million ARB worth $120 million to 125 DAO wallets. Treasure DAO was the top receiver with 8 million ARB, while 60 other DAOs pocketed at least 75k ARB...

With Matt Haney taking a very bold step that is backed by the industry, seeing DAOs function as businesses will be a matter of time. A California lawmaker Matt Haney has introduced Assembly Bill 1229 which seeks to re-engineer and expand the state’s corporate to include Decentralized Autonomous Organizations (DAO). As reported by Decrypt, the proposed Bill, if passed, will enable DAOs, blockchain networks and smart contracts to register as businesses in the state. This registration will...

Mike Cagney has made a real name for himself in the blockchains pace. He is the co-founder of Sofi and the current CEO of Figure. He’s also made public the Provenance blockchain, which has supported about $12 million in transactions at the time of writing. Mike Cagney on Blockchain In a recent interview, he talked about just how prominent blockchain is. He also delved a bit into what his company does, saying: One of the most important roles that I play with Figure and...

Beverage giant PepsiCo raised its full-year outlook following its commendable Q1 2023 performance, beating analysts’ expectations. PepsiCo (NASDAQ: PEP) has raised its 2023 yearly outlook following its better-than-expected Q1 performance. On Tuesday, the multinational food, snack, and beverage corporation posted earnings and revenue that surpassed expectations. For the first quarter of the year, PepsiCo reported $17.85 billion in revenue compared to the $17.22 billion analysts expected. In...

Coinbase emphasized that all proceedings related to Stand with Crypto NFT collection launched through ZORA will be donated to vetted organizations. The biggest cryptocurrency exchange in the United States Coinbase has recently filed a lawsuit against top financial regulators Securities and Exchange Commission (SEC). The move comes after months of embittered relations between the two parties over SEC’s stringent regulatory policies for all companies dealing with crypto. As the crypto...