Crypto news

The job cuts will happen despite an increase in its network connection, whereby BT Group reported a total of 8.6 million 5G connections, up 62% last year. Shares of BT Group PLC (LSE: BT.A) dropped as much as 8 percent on Thursday to trade around £136.85. The sudden drop in the £14.91 billion valued British multinational telecommunications holding company was attributed to the announcement that between 40,000 to 55,000 of its workforce will be reduced by 2030. According to the company, the...

Walmart “leveraged expenses and expanded operating margin” in Q1 2023 and now expects a 3.5% increase in consolidated net sales for the year.  Walmart Inc (NYSE: WMT) has raised its 2023 full-year guidance following its stellar Q1 earnings report. On Thursday, the multinational retail corporation reported better-than-expected revenue, which was boosted by grocery and online businesses. For the first quarter of the year, Walmart posted revenue of $152.30 billion compared to the $148.76...

The investor community is brewing with optimism as it expects AI to drive profit growth at a time of rising borrowing costs and supply chain problems Although the onslaught of artificial intelligence (AI) is creating a major disruption in the market date, banking giant Goldman Sachs is bullish about the tech and expects it to boost the S&P 500 profits over the next decade. The emergence of ChatGPT from OpenAI and several AI platforms subsequently, has created a significant storm in the...

Sony could pursue a partial divisional spin-off by listing its finance unit within the next two to three years. Sony Group Corp is reportedly mulling a partial spin-off and listing of its finance unit just three years after assuming full ownership. The Japanese multinational conglomerate could retain a stake of slightly less than 20% of Sony Financial Group. In addition to a possible spin-off, Sony is also focusing on other operational plans, including strengthening its entertainment and...

Although it all started with the inception of the Bitcoin network in 2009, the cryptocurrency industry as a whole was created roughly a decade ago. While there’re certainly more things that happened within that timeframe that we can explain here, it’s also worth visualizing and speculating on what could transpire within the next ten years. As such, we asked the highly popular artificial intelligence chatbot – ChatGPT – about its take on the matter, and it provided some...

Bitcoin’s price has continued trending downward for several weeks, making lower highs and lows. Even so, hope remains that the potential for a bullish rally is not yet over. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been dropping recently after failing to break through the key $30K resistance level. The 50-day moving average, located around the $28K mark, has also been broken to the downside and would act as resistance until the price...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The United States, South Korea, and Japan have all issued a joint statement saying that they’re worried about North Korea and its regular willingness to pursue digital currencies to build its ongoing nuclear program. North Korea: Still a Crypto-Driven Threat Several analysts say that North Korea has played host...

The SEC crackdown on crypto firms has intensified significantly since the bear market of last year incited by several collapses and bankruptcy filings of crypto exchanges. The United States Securities and Exchange Commission (SEC) has tagged Filecoin (FIL) as an unregistered security. As a result, the regulator expects Grayscale Investments its application for Filecoin Trust. According to an update given by Grayscale about the status of the Trust’s registration in a statement on Form 10, a...

Revolut believes that license would help to ensure higher consumer confidence. Crypto-friendly fintech company Revolut has introduced an international payment-targeted business account for customers in Australia, as it is allegedly operating to safeguard a banking license. The London-based company provides a wide range of fiat payment services for customers in Europe and Australia. It also rolls out crypto services like purchasing and selling a specific number of crypto assets that also...

The Pantos Protocol is making impressive moves with respect to its plans to go fully functional with usable products. Pantos Protocol, the blockchain network designed by the team behind the BitPanda blockchain, has announced the release of its highly innovative Multichain Token Creator as it seeks to empower developers within its ecosystem. As contained in a press release shared with Coinspeaker, the team said the Multichain Token Creator is ideal for creating cryptocurrencies that can be...