Latest Articles
Commerzbank Obtains Crypto Custody License in Germany
By Darya Rudz
• 3 mins read
Commerzbank applied for a crypto custody business license with BaFin back in April 2022. It has become the first bank to win approval in Germany.
Disney Partners Dapper Labs to Launch NFT Collectibles Platform
By Darya Rudz
• 3 mins read
The release date has not been confirmed, but the platform is already claimed to become an ‘all-new socially driven collectible experience that brings the magic of pin collecting to the digital age’.
CoinMarketCap Launching CMC Labs – Web3 Startup Accelerator Program
By Darya Rudz
• 3 mins read
The CMC Labs program will last for one year only. Notably, it is highly selective, with a limited number of participants. Those who want to become a part of CMC Labs have to meet a number of certain criteria.
XRP, TON Are Given Green Light by Dubai International Financial Centre (DIFC) for Legal Use
By Darya Rudz
• 3 mins read
More than 4,300 registered companies operating within the DIFC can now integrate XRP and TON tokens into their virtual asset services.
Coinbase Reports Q3 2023 Results, Beating Revenue Expectations and Missing Trading Volume Forecast
By Darya Rudz
• 3 mins read
For the fourth quarter, Coinbase has already generated about $105 million of transaction revenue in October. The company expects Q4 subscription and services revenue to be approximately flat compared to Q3, as well as predicts ‘meaningful’ positive adjusted EBITDA for 2023.
WeWork Planning to File for Bankruptcy Next Week, WE Shares Decline by Around 50%
By Darya Rudz
• 3 mins read
After all the challenges WeWork has faced, the news about its going bankrupt does not seem surprising. The company did not comment on the announcement yet.
Alibaba Upgrades Its Tongyi Qianwen AI Model to Rival Amazon and Microsoft
By Darya Rudz
• 3 mins read
Apart from Tongyi Qianwen 2.0, Alibaba has launched eight AI models for the entertainment, finance, healthcare, and legal industries. Among them is the GenAI Service Platform that allows companies to build their own generative AI applications, using their own data.
AMD Reports Q3 2023 Financial Results, Gives Soft Q4 Guidance
By Darya Rudz
• 3 mins read
AMD hopes to generate about $400 million in sales from its graphics processing units for AI workloads in the fourth quarter2023, which will result in a rise to $2 billion in fiscal 2024.
Marshall Islands Taking Step Closer to Becoming Global Hub for DAOs
By Darya Rudz
• 3 mins read
According to MIDAO CEO Adam Miller, the amended law is the “most comprehensive law for DAOs globally”, and it has the potential to become a “blueprint for the rest of the world for regulating DAOs”.
Tesla (TSLA) Stock Down 5% amid Panasonic Cutting Battery Production
By Darya Rudz
• 3 mins read
As a result of all the challenges faced by Tesla, its long-time partner Panasonic is also bearing losses. It has lowered its full-year operating profit forecast for its battery unit to ¥115 billion ($771 million) from ¥135 billion, as the demand for Tesla EVs in North America slowed down.