Tag Archives: News

This shift denotes a substantial evolution for the project, moving it to a standalone Cosmos-based blockchain after previously relying on Ethereum Layer 2 scaling solution StarkEx. dYdX Chain has marked a major milestone by officially launching its mainnet as an independent Cosmos Layer 1 blockchain. This launch, which occurred with the creation of the genesis block by validators on October 26 at 1 p.m. EST, represents a monumental step forward for the leading decentralized derivatives...

Xiaomi’s founder and chairman of the board Lei Jun said it took approximately 5000 software engineers’ combined efforts to develop the new operating system. Chinese smartphone maker Xiaomi has announced the launch of its cutting-edge operating system HyperOS after five years of dedicated hard work and research. The new OS, unveiled Thursday during the company’s launch event theme “Leap Beyond the Moment”, will debut alongside Xiaomi’s upcoming range of smartphones, wearables, and TV sets...

The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets. On Thursday, October 26, Ford Motor Co (NYSE: F) reported its Q3 2023 earnings while missing Wall Street expectations. The company has been restructuring its operations and regrouping after the conclusion of nearly six weeks of US labor strike that cost the company a staggering $1.3 billion. Ford in Q3 2023 In the third quarter, Ford reported a shift to net income,...

While the prospect of a Bitcoin ETF is undoubtedly exciting, it is essential to acknowledge the potential challenges and roadblocks that may surface. The crypto community is abuzz with anticipation as the US Securities and Exchange Commission (SEC) considers multiple filings for spot Bitcoin (BTC) Exchange Traded Funds (ETFs). SEC Chair Gary Gensler recently revealed that the regulatory body has between eight to ten such filings on its plate for consideration. Bitcoin’s Rally and Market...

Bitcoin cash price started a downside correction from the $270 zone against the US Dollar. The price is now trading above the $240 zone and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support at $242 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $242 and $240 support levels. Bitcoin cash price is declining from the $270 zone against the US...

As an emerging solution, Horizen has highlighted that EON is open to partnerships and integration but only with firms and protocols that resonate with its core values. Fast-growing Layer-0 public blockchain Horizen has hit a major milestone with the mainnet launch of Horizen Ethereum Open Network (EON). Notably, Horizen EON is a smart contracting sidechain platform fully compatible with Ethereum Virtual Machine (EVM). It is designed to play a crucial role in the revolution of We b3.0 and...

Despite the recent setbacks, Standard Chartered had been on an upward trajectory before the China-related issues came to the forefront. Shares of UK-based banking giant Standard Chartered Plc (LON: STAN) plummeted by as much as 17% during early trading, leading to a temporary halt in trade, and by 11:15 a.m. London time, the stock remained approximately 10% lower. At the time of writing, the stock is pegged at GBX 643.60. The turmoil in the markets reflected the concerns of investors, who...

The collaboration with Uphold comes shortly after Ripple celebrated a recent triumph in its ongoing legal battle with the US SEC.  Blockchain payment infrastructure company Ripple has secured a new partnership with Uphold, a US-based crypto-focused financial firm known for providing innovative solutions to streamline business offerings. The new partnership, announced on October 24, will enable Uphold to provide enhanced crypto liquidity capabilities to Ripple, fostering faster and more...

Mercedes-Benz cited higher inflation, supply chain-related costs, and a 329-million-euro foreign exchange setback, among the factors that shrank its Q3 2023 earnings. Luxury car maker Mercedes-Benz Group AG (ETR: MBG) has revealed that its earnings took a hit in the third quarter (Q3). According to a Thursday announcement by the firm, this reflects the current state of the market, which it described as “subdued”. Although its forecast for the full year is 12%-14%, the latest report means...

As FTX disgraced founder Sam Bankman-Fried steps to defend himself in the court on Thursday, here’s what has transpired ever since the FTX bankruptcy. Sam Bankman-Fried will testify in defense of his actions leading up to the collapse of FTX and his entire digital asset empire. His legal team confirmed during a conference call with the judge on Wednesday that Bankman-Fried will take the stand at his fraud trial following the prosecution’s case. The 31-year-old FTX founder shall testify...