Crypto news

[PRESS RELEASE – Ho Chi Minh City, Vietnam, 22nd March 2023] Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions. On March 16, Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to its eligible Arbitrum ecosystem users as part of its transition, noting that the project is “leading the way as the first L2 to...

Nexon recently announced plans to use a private Polygon supernet for its MapleStory universe to meet all requirements for seamless gameplay. South Korean gaming giant Nexon has tapped Polygon for the Web3 integration of its MapleStory Universe. According to reports, the Tokyo-headquartered video game publisher seeks to run a Polygon supernet to support MapleStory Universe’s in-game offerings. The popular non-fungible token (NFT) game will reportedly rely on the private supernet to meet the...

NFM Coin is the latest digital currency to emerge that’s all about recycling and keeping the planet safe and clean for future generations. NFM Coin Is Focused on Recycling and Energy Conservation The currency works to recycle products that are processed in the metals industry while minimizing carbon dioxide emissions. Through recycling, the coin seeks to bring certain products and materials back to life for use in future items. Necat Celik – a spokesperson for NFM Coin –...

According to Geely, it is projecting a total of 1.65 million units for the current fiscal year and it expects its electric vehicle to dominate the mix. Chinese automobile giant Geely Automobile Holdings Ltd (HKG: 0175) has beaten revenue expectations with respect to its revenue for the 2022 financial year. According to the performance report shared by the auto giant, it raked in a revenue of 148 billion yuan ($21.49 billion), up by 45.6% from the year-ago period. The impressive performance...

Virgin Orbit stock is up over 73% in the pre-market while yesterday it closed down almost 15%. Aircraft engineering company Virgin Orbit (NASDAQ: VORB) is about to close a deal with venture capital investor Matthew Brown. Reuters reported the news referring to a term sheet that reveals that the company is nearing an agreement with the investor via a private share placement. Meanwhile, Virgin Orbit is moving toward filing for bankruptcy if it does not secure capital as soon as possible. The...

While the Nigerian legislative body is optimistic about the country’s adoption of eNaira, there is still significant work to be done to enhance the digital infrastructure for financial practices in the country. Nigeria is witnessing an increasing adoption of its Central Bank Digital Currency (CBDC) as the country’s fiat money scarcity intensifies. Almost eighteen months after the introduction of its in-house digital token eNaira, Nigerians have begun the mass adoption of the CBDC as...

Currently, Google Bard is available to a few select customers in the US and UK. As per Google, Bard is “an early experiment … intended to help people boost their productivity, accelerate their ideas, and fuel their curiosity” On Tuesday, March 21, tech giant Google opened access to its AI chatbot tool Bard, which directly competes with OpenAI’s ChatGPT. However, this is limited access and Bard will be initially available only to selected users in the US and UK, who can join a waitlist at...

The Terran Orbital Q4 2022 release revealed revenue increases on a quarter-on-quarter and year-on-year basis. Satellite maker Terran Orbital (NYSE: LLAP) recently posted its Q4 2022 earnings report, revealing an annual revenue increase of $94.2 million. This figure is more than double what Terran Orbital made in 2021. Terran Orbital’s revenue haul for Q4 2022 represented an increase of 130% year-over-year. The company reported that revenue grew from $27.8 million in the third quarter to...

Sweden’s largest pension fund Alecta dumped its First Republic Bank stake at a $728 million loss amid broader US banking losses.  Swedish pension fund Alecta recently offloaded its First Republic Bank (NYSE: FRC) shares following the latter’s massive drawdown. The leading Swedish pension fund was the fifth-largest shareholder at the embattled bank but now appears to have lost faith in First Republic. According to Alecta CEO Magnus Billing, uncertainty regarding the future of First Republic...

Crypto Finance AG, a leading provider of institutional-grade investment solutions, custody, and brokerage for digital assets, and part of Deutsche Börse Group, partners with Apex Group, a global financial services provider, to offer institutional-grade crypto products. The demand for crypto-related investment products is expected to grow in line with the exponential development of this new asset class. Therefore, trusted and regulated providers across the entire product value chain are...