AirWallex and Shopify Partner to Launch Online Payment System

The launch of the online payment system is the latest in a series of moves by the fintech firm to expand. Fintech startup AirWallex has launched its online payment system on Shopify. The payment app will allow merchants on the app to add their online stores and receive payments from customers globally. Regarding the development, […]

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Amazon to Buy One Medical for $3.9B, Consolidates on Intended Foray into Healthcare

Amazon has taken another giant stride into the healthcare space with the acquisition of primary healthcare chain One Medical. Amazon (NASDAQ: AMZN) is reportedly lining up approximately $3.9 billion to acquire primary health-care provider One Medical. The e-commerce giant seeks to use this acquisition to further steepen its presence in the healthcare sector. Amazon revealed […]

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Morgan Stanley Analysts Predict that Apple Can Hit $3 Trillion Market Cap on Shift to Subscription-driven Services

In January, Apple’s market cap touched $3 trillion for the first time before the downturn in stock valuations hampered it. According to Morgan Stanley analysts, the market value of Apple Inc (NASDAQ: AAPL) could hit $3 trillion if it switches its business model. Analysts at Morgan Stanley explain that one sure way for Apple to hit this […]

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Crypto Exchange KuCoin Raises $10 Million from SIG

The funds raised from SIG will be used to upgrade the infrastructure of KuCoin as well as enrich and diversify its product line. Singapore-based crypto exchange KuCoin has announced strategic funding of as much as $10 million from Susquehanna International Group (SIG), a global quantitative trading and technology firm. In addition to the investment, the companies will […]

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Facebook Unveils ‘Feeds’ Tab that Shows Latest Posts from Friends, Meta Stock Is Down

Zuckerberg emphasized that the Feeds tab will display posts chronologically to all Facebook users. Facebook is making changes to its platform by unveiling a new tab called “Feeds”. The new feature will allow users to view posts from the most recent to the oldest, other than ranking by an algorithm. Basically, Facebook users can click […]

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Tesla Leads Nasdaq Gains Post Q2 Results, TSLA Shoots 9%, Nasdaq Up 1%

Despite facing production headwinds during the second quarter, Tesla delivered better-than-expected output driving the stock market higher on Thursday. On Thursday, July 21, electric carmaker Tesla Inc (NASDAQ: TSLA) surprised The Street with better-than-expected earnings results. Tesla’s adjusted earnings per share stood at $2.27 against the estimated $1.81. The Q2 results demonstrated by Tesla led […]

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Snap Stock Declines 27% as Company Releases Unimpressive Q2 2022 Result and No Financial Guidance for Q3

Speaking on the 2022 Q2 performance, Snap CEO Evan Spiegel said the results do not reflect the company’s ambition. Snapchat parent company Snap Inc (NYSE: SNAP) lost nearly 27% in extended trading hours as the company missed expectations in its 2022 Q2 earnings report. The social media company released an unimpressive earnings result for its second […]

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Blockchain.com Dismisses 25% of Workforce as It Absorbs Financial Losses and Survives Bear Market

Apart from cutting its workforce, Blockchain.com is also lowering its institutional lending operations. Many investors, traders, and companies are victims of the ongoing crypto bear market, and Blockchain.com has also had its share as it announced reducing its workforce. Like other crypto companies that have lowered headcounts in the wake of the market condition, crypto […]

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China Cybersecurity Regulator CAC Fines Didi $1.19B for Data Security Law Violations | Coinspeaker

Didi has responded to the fine penalty. The company said in an online statement that it accepts the regulator’s decision. The Cyberspace Administration of China (CAC) has fined Chinese transport company Didi 8.026 billion yuan, equaling $1.19 billion, for violating data security laws. The cybersecurity regulator in China came to the conclusion of the year-long […]

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FTX and FTX US Seek Even More Funding Following Recent Acquisitions

Bankman-Fried has assured that they will keep growing with new staff just as they did in the better market days. Crypto exchangeFTX and its US subsidiary FTX US have reportedly planned for more acquisitions as they set up funding targets each. They recently reported to have acquired firms facing financial difficulties following the recent struggle […]

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Mattel and Elon Musk’s SpaceX Team Up to Launch Line of Space-Inspired Toys

Starting from 2023, the toys will be available under the Matchbox brand. In addition, Mattel is planning to debut the toys as collectibles on Mattel Creations, its elevated collector and direct-to-consumer platform. Mattel Inc (NASDAQ: MAT), an American multinational entertainment company that specializes in the design and production of toys, has announced a multi-year partnership with SpaceX, […]

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UK Inflation Data Shows Historic Surge to 40-Year High at 9.4%

The Bank of England is considering a 50 basis points rate hike next month which would be the single biggest increase in over 30 years. The United Kingdom announced its inflation data for June 2020 which stands at a 40-year-high and a staggering 9.4%. The inflation in the UK peaks with food and energy prices […]

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BNP Paribas Partners with Metaco to Enter Crypto Custody Space | Coinspeaker

French international banking group BNP Paribas is exploring crypto custody through a partnership with Swiss institutional digital asset custody firm Metaco. The matter was revealed by three people who have knowledge about the partnership deal. Despite the volatility in the crypto market, several banking giants are expanding their services to include crypto custody. However, the […]

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Netflix Posts Q2 2022 Earnings Report, Reveals 8.6% YoY Revenue Increase but 970K Loss in Subscribers

Released Q2 Netflix results show that the company lost fewer subscribers than estimated amid plans to launch a cheaper ad-supported tier. Netflix Inc (NASDAQ: NFLX) recently posted its anticipated Q2 earnings report, revealing a smaller-than-expected loss in its number of subscribers. The US streaming giant and production company only saw around 970,000 subscribers shirk their […]

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Twitter Wins Five-Day Expedited Trial in Lawsuit against Elon Musk

The lawsuit was to determine if Musk was under obligation to complete the deal or pay the breakup fee. As the matter between Twitter and Elon Musk continues, the social media company has won its motion for an expedited trial which begins in October. This came after Twitter charged Musk to court in order to force […]

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Valkyrie Launches VC Arm to Focus on ‘Web2.5’

Valkyrie is looking to bridge the gap between an average user and the Web3.0. Financial services firm Valkyrie is planning to raise an undisclosed amount of venture capital (VC) funds. According to a recent TheBlock report, the firm will use the fund to support startup “web 2.5” firms. Valkyrie Helping Users to Move Easily to […]

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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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