Tag Archives: News

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Michael Saylor – the man behind software giant MicroStrategy and a major crypto bull – has paid off a $200 million+ loan obtained from the now failed crypto bank Silvergate and has purchased even more bitcoin units, thus bringing the company’s total BTC holdings to nearly $4 billion. Michael Saylor Won’t Give...

The growth of artificial intelligence technology is expected to increase the overall demand for fast-processing electronics. Foxconn Technology Co Ltd (Taiwan: 2354), one of the largest global employers in the electronics manufacturing industry and a major supplier to Apple Inc (NASDAQ: AAPL) announced a sales decline of 11.77 percent in April, YoY basis. However, the company’s revenue was in line with prior estimates, which came in at T$429.2 billion, approximately $14 billion. As the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Assets like bitcoin and Ethereum have soared in recent weeks, and the sudden bull run is causing many big financial players – such as Fidelity and BlackRock – to increase their stakes in the crypto space and try to do more with digital tokens. Bitcoin Could Give Rise to Further Tokenization The bull run has...

The announcement from Binance seems to have caused some excitement in the market as PEPE saw a surge of over 40%, while FLOKI increased by over 60%. Binance, the world’s largest cryptocurrency exchange, has confirmed the listing of Floki Inu (FLOKI) and PEPE in the Innovation Zone on its platform. According to the firm, a listing fee of 0 BNB applies to trade pairs featuring the duo of FLOKI and PEPE. As per a published statement, Binance also ascertained that by the latter part of today,...

Due to its commendable Q1 2023 streaming numbers, Warner Bros. Discovery expects its streaming business to stay profitable this year.  On Friday, May 5, Warner Bros Discovery (NASDAQ: WBD) reported its Q1 2023 earnings before the bell that came in mixed. For instance, the media and entertainment giant reported a significant overall loss despite raking in profit from its streaming endeavors. Warner Bros. Discovery lost $930 million in quarterly free cash flow even though its...

The central bank of Zimbabwe introduced this gold-backed digital currency to combat the volatility of its national currency. In a notice on Thursday, May 4, the Reserve Bank of Zimbabwe (RBZ) invited financial institutions and individuals to subscribe to its upcoming gold-backed digital currency. As per the initial plans, the gold-backed digital tokens will be available to investors starting May 8. The central bank also plans to sell these tokens at a minimum price of $10 for individuals...

Following months of repeated price cuts, Tesla has raised the price of some of its EV offerings in China to remain competitive.  Tesla (NASDAQ: TSLA) has hiked the price of its new Model S and Model X electric vehicles in China by 19,000 yuan ($2,751). On Friday, the company’s website reflected the product price increase, which comes on the heels of price hikes for its other cars. Tesla Models S and X EVs to Sell for 808,900 Yuan and 898,900 Yuan in China As it stands, Tesla’s Model S...

Adidas has failed to give an explicit plan of what it is going to do with unsold Yeezy stock. The Q1 2023 sales performance of Adidas exceeded expectations despite its terminated partnership deal with Ye, formerly Kanye West. Adidas announced an operating profit of 60 million euros, surpassing analysts’ expectations of 15 million euros. However, due to the loss of Yeezy sales, higher supply chain costs, and discounts, Adidas’ gross margin fell to 44.8%. Adidas in Q1 2023 Though the sale...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Three computer scientists in Germany have established a new crypto-based, non-profit company in Switzerland called Zero Sync Association. The goal is to help scale bitcoin using what are known as zero-knowledge proofs (ZK-proofs), which have already been hard at work through networks like ETH. Zero Sync Wants...

The Cardano community is expecting at least, three key releases from the platform this year. Cardano may have taken its quest for scalability to another level with its Hydra upgrade which has now gone live on mainnet. The update was shared by Input Output Hong Kong (IOHK), the start-up behind the Cardano protocol. According to IOHK’s Twitter announcement, the first Hydra head has opened on the mainnet. For clarity, the Hydra head is the first member of the Hydra family protocol. And...