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Dubai Launches Its Metaverse Strategy as It Seeks to Expand Sectors Contribution to Economy

In order to succeed and fulfill the goals for which it was established, the Dubai Metaverse Strategy needs all of the backing and liftoff it can get. Dubai is doubling down on its expectations for the metaverse as crown prince, Hamdan bin Mohammed bin Rashid Al Maktoum announced the launch of the ‘Dubai Metaverse Strategy’. […]

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Modular Capital Raises $20M from MultiCoin, Others | Coinspeaker

Modular Capital is leveraging the crypto winter to invest in DeFi, NFTs, and other Web3 projects, and Multicoin wants to have a share in it. The crypto market is set to welcome a new hedge fund called Modular Capital that has been able to raise $20 million during the bear market under the stewardship of […]

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Three Arrows Capital (3AC) Owes $3.5B to Creditors as per Documents | Coinspeaker

Recent court documents of embattled crypto hedge fund 3AC show that the company owes $2.3 billion to Genesis Asia Pacific, one of the largest lenders. As per the recent documents, more than 30 companies had lent billions of dollars to now-defunct crypto hedge fund Three Arrows Capital (3AC). On Monday, July 18. liquidators of 3AC […]

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TikTok Owner ByteDance Looks to Manufacture Own Task-Specific Chips as Beijing Aspires to More Semiconductor Self-Reliance | Coinspeaker

ByteDance has joined a growing list of Chinese companies looking to establish their own internal production line of chips for varying uses. ByteDance is reportedly exploring the possibility of designing Chips for its own use in specialized fields. This is because the TikTok developer is yet to find a semiconductor supplier that can meet its specific […]

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Crypto Fund Manager Fintonia Group Obtains Provisional Virtual Asset Licence in Dubai | Coinspeaker

Fintonia Group has been in business since 2014 and has been governed by the Monetary Authority of Singapore since 2016. Fintonia Group, a Singapore-based crypto fund manager, has announced via a press release that it has secured a provisional virtual asset licence in Dubai. The announcement also states that the license was granted by the […]

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Samsung Teases New Mining Chips with 45% More Energy Efficiency | News

Samsung started working on the chips late last year, collaborating with some of its subsidiaries, including Siemens, Ansys, and Synopsys. The world leader in semiconductor tech Samsung has announced that it has started producing its new 3-nanometer(nm) mining chips. According to the announcement, this is only the first-phase production. However, the mining chips will come […]

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IBM Stock Down 4.81% in Pre-Market despite Better-than-Expected Q2 2022 Earnings Report

For the second quarter earnings, IBM benefitted immensely from the activities of its newly spun public-traded information technology infrastructure services offshoot Kyndryl Holdings. American multinational technology corporation, IBM (NYSE: IBM) has released its second-quarter earnings report, surpassing expectations from analysts across the board. Despite the inherent strain the world over this year, the company said […]

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Google Parent Alphabet Starts Trading at 20:1 Stock Split Adjusted Price

The analyst notes that the GOOGL stock is under pressure due to concerns about a slowing economy that might result in reduced ad spending. Earlier this year in February, Google‘s parent firm Alphabet (NASDAQ: GOOGL) announced its decision of a 20:1 stock split. On Monday, July 18, the Alphabet stock finally started trading at the […]

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CryptoPunks Floor Price Saw Incremental Growth as It Tops $100K in ETH

The NFT world is currently dominated by a few iconic collections, with CryptoPunks and the Bored Ape Yacht Club (BAYC) NFTs topping the charts. CryptoPunks, the first Non-Fungible Token (NFT) collection has seen an incremental increase in its floor price which topped $100,000 in Ethereum (ETH) for the first time in two months. While the […]

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Delta Orders 100 Boeing Max Planes, Its First Purchase with Plane Manufacturer in Over 10 Years

Delta wants to overhaul its existing fleet with more fuel-efficient Boeing planes and has ordered 100 with the option of 30 more. Delta Air Lines (NYSE: DAL) has ordered 100 Boeing 737 Max 10 planes with delivery starting in 2025. The deal represents the leading American airline’s first major order with Boeing in more than a decade. Delta […]

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Dow Retraces Over 200 Points Following Underwhelming Wave of Latest Earnings Reports from Apple, Johnson & Johnson, Others

The Dow saw a pullback of more than 200 points pullback during late-day trading as Apple plans to slow hiring and growth spending in 2023. The Dow Jones Industrial Average (DJIA) plunged more than 200 points on Monday, once again snuffing out signs of a sustained rally. The latest pullback comes following the release of earnings reports […]

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Leading Auction House Christie’s Launches Web3 Investment Fund

According to Ben Gore, Christie’s COO, the launch of the fund will open more opportunities for exploring Web3 as well as provide another advantage over competitors.  World-leading art and luxury business Christie’s has announced the launch of a new investment fund that will focus on emerging technologies, such as Web3 and art-related financial products. Named Christie’s […]

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Bitcoin Mining: Miners Move $300M Bitcoin in 24 Hours

The sell-off of Bitcoin is a way for companies to maintain their balance sheet. In a move to offset their mining expenses, bitcoin mining companies have moved over $300 million worth of Bitcoin within twenty-four hours. The data from CryptoQuant showed that over 14,000 bitcoins were sold at the end of the past week. While […]

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Bitcoin and Altcoins Rally Pushing Crypto Market Above $1.02T, Will Rally Sustain?

Altcoins led by Ethereum have been the major contributors to the price rally. On the other hand, Bitcoin faces a strong resistance at its 200-week moving average. Crypto investors are rejoicing as the broader crypto market has surged past $1.02 trillion with Bitcoin and altcoins delivering a strong show over the last week. Bitcoin (BTC) […]

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Coinbase (COIN) Shares Bounce Back as Crypto Prices See Upward Rally

With the impressive positive movements across crypto, shares of Coinbase increased by 9.07% to almost $59. Shares of crypto exchange platform Coinbase Global Inc (NASDAQ: COIN) saw an upward rally as Bitcoin, and other crypto prices began to rebound on the 18th. As the crypto company jumped, other crypto-exposed stocks also advanced with the crypto […]

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Circle CFO Says Company Expects Public Listing by Q4

Fox-Geen revealed that the SPAC process takes longer for crypto companies. Circle chief financial officer (CFO) Jeremy Fox-Geen, has hinted at a possible public listing in the fourth quarter of the year. Last year, Circle announced its coming public listing via a Special Purpose Acquisition Company (SPAC), Concord Acquisition Corp. (NYSE: CND). In a Twitter […]

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BTC and ETH Record Massive Gains in Less Than 24 Hours, Is Bear Market Finally Over?

Despite the glimmer of hope in BTC and ETH rally, analysts and investors alike, remain unconvinced about its sustainability. Leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) are currently putting up a strong showing in their prices, drawing the attention of investors. On Monday, BTC’s price topped the $22,000 mark, its highest level in over a […]

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Stock Futures Rise amid Generally Bleak Market as Goldman Sachs Posts Better-than-Expected Earnings

The stock futures tied to all three major indexes advanced after Goldman Sachs’ latest earnings report came in better than expected. Goldman Sachs (NYSE: GS) finally released its anticipated earnings report on Monday, crushing analysts’ expectations on strong bond trading results. Following the better-than-expected quarterly report, the banking giant also saw its shares initially rise 4% […]

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Goldman Sachs (GS) Shares Jump 4% in Pre-Market as Q2 Result Shows Impressive Revenue

The Q2 report Goldman Sachs posted is arguably one of the best performances when compared with how its core competitors performed in the second quarter. American multinational investment bank and financial services company Goldman Sachs Group Inc (NYSE: GS) has released its second-quarter performance with revenue and earnings surpassing what analysts previously estimated. Per the […]

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Dutch Central Bank Imposes Over $3M Fine on Binance for Offering Services to Dutch Citizens without Required License

Binance has received a fine from the Dutch governing bank for violating its Money Laundering and Terrorist Financing Prevention Act. The Dutch Central Bank (DNB) has awarded leading crypto exchange Binance a 3.3 million euro ($3.35 million) fine for offering its services to Dutch citizens without a license. The bank explains that the Changpeng Zhao-led […]

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