KEY POINTS Shopify plans to lay off roughly 10% of its global workforce, CEO Tobi Lutke wrote in a memo to staff on Tuesday. Shopify’s shares sunk more than 16%. The Canadian company, which makes tools for companies to sell products online, was one of the biggest beneficiaries of the pandemic-driven e-commerce boom. Shopify is laying […]
Shopify stock sinks 15% after company says it will lay off 10% of workers Read More »
Electric car manufacturer Tesla (TSLA) announced it earned a profit of $64 million from the sale of 75% of its BTC holdings, despite a $170 million impairment loss through the second quarter of 2022. According to the statistics of “BitcoinTreasuries”, Tesla currently holds 10,800 bitcoins (current price is about $237 million), which is still the
Tesla Earns $64m Profits from Selling 75% of BTC Holdings Read More »
Sam Bankman-Fried, CEO of FTX, believes that the future of crypto is bright in Latam. In a recent interview, Bankman-Fried recognized the rising adoption and demand that cryptocurrencies are experiencing in Latam, stating that use is expected to grow for remittances and payments in the future. Sam Bankman-Fried Talks Crypto in Latam Latam is one
FTX CEO Sam Bankman-Fried Believes Crypto Will Thrive in Latam Read More »
Digital tokens such as tether and Circle’s USDC that are vital to functional crypto markets would have to meet stringent new requirements in legislation that’s close to the finish line. Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets under the latest plan for U.S. legislation still
Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says Read More »
While GameStop faced the heat for an insensitive NFT listing, OpenSea had the Falling Man NFT listed on its platform for over two months. A recent nonfungible token (NFT) listing on GameStop’s marketplace became the center of controversy in the NFT world. The listing received heavy backlash from the community, which prompted the marketplace to
GameStop ‘Falling Man’ NFT saga shows people’s power at its finest Read More »
In partnership with Nasdaq and BitGo, XP Inc. will offer bitcoin trading services leveraging cold storage custody solutions on a new platform. Brazil’s largest investment broker, XP Inc., will begin offering bitcoin trading next month. The broker will offer its trading services on a new cryptocurrency trading platform developed alongside Nasdaq. BitGo will serve as
BRAZIL’S LARGEST INVESTMENT BROKER TO OFFER BITCOIN TRADING IN AUGUST: REPORT Read More »
KEY POINTS Facebook parent Meta will report second-quarter earnings on Wednesday, sandwiched in between the other Big Tech companies on Tuesday and Thursday. Facebook’s online ad business has been hurt by Apple’s iOS update and a weakening economy. Snap reported disappointing earnings last week, raising concern about what’s in store for Meta. It’s earnings palooza
Facebook’s stumbling ad business lies at the center of tech earnings week Read More »
The blockchain metaverse giants have collaborated to form the DAO Metaverse called “Open Metaverse Alliance for Web3” (OMA3), which aims to bring together multiple virtual worlds to solve the key challenges of the metaverse and maintain users’ freedom of information. Game developers joining the consortium of the Open Metaverse Alliance for Web3 include Animoca Brands, a developer
Metaverse Giants Collaborate to Form DAO Metaverse Alliance Read More »
According to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment to unsuspecting investors.” Law Firm Seeks Investors Who “Suffered Losses” From Yuga Labs Products The
Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales Read More »
KEY POINTS Alphabet’s Google said on Friday it has dismissed a senior software engineer who claimed the company’s artificial intelligence (AI) chatbot LaMDA was a self-aware person. Google, which placed software engineer Blake Lemoine on leave last month, said he had violated company policies and that it found his claims on LaMDA to be “wholly
Google fires software engineer who claimed its AI chatbot is sentient Read More »
