Latest Articles
Tesla to Suspend Hiring and Conduct Layoffs in Next Quarter
By Darya Rudz
• 3 mins read
It is not clear how long the hiring freeze will last as the company is expanding its factories, which means it needs to bring in more employees.
Nike Announces Fiscal 2023 Q2 Results, NKE Stock Surges
By Darya Rudz
• 3 mins read
Yesterday, NIKE shares closed the trading session at $103.21, or 0.16% up. After hours, NIKE shares added another 12.77% to reach $116.39. With a market cap of $161.481 billion, NIKE stock is still 38.08% down year-to-date.
South Korean Court Freezes $92M in Terra-Related Funds
By Darya Rudz
• 3 mins read
As per the Seoul Southern District Court, one of those taking the biggest advantage of Terra and speculating on sales was Kernel Labs CEO Kim Hyun-Joong. According to the reports from the authorities, Kim has illegally gained at least 79 billion won ($61 million).
Elon Musk Seeking to Raise New Funds for Twitter
By Darya Rudz
• 3 mins read
Elon Musk has been facing financial challenges since closing the $44 billion Twitter acquisition deal. The latest action taken by the billionaire was selling 20 million Tesla shares.
Coinbase to Release Documentary on Amazon, iTunes, Youtube
By Darya Rudz
• 3 mins read
The movie will cover the origin and the rise of Coinbase since its debut in US public markets.
EU to Ban Crypto Payments for Russians Following ‘Sham’ Referenda
By Darya Rudz
• 3 mins read
The final decision on banning crypto payments for Russians has not been finalized yet as all the EU member states are still subject to the agreement.
Volkswagen to Launch Porsche IPO at $73B Valuation
By Darya Rudz
• 3 mins read
With Volkswagen willing to ramp up its electric vehicle and battery efforts, Porsche IPO would help it raise money to invest in its transformation.
Christie’s Launches New On-Chain Ethereum NFT Marketplace Christie’s 3.0
By Darya Rudz
• 3 mins read
The first sale that will take place on Christie’s 3.0 marketplace is a collection of 9 NFTs created by Diana Sinclair, a leading visual artist in the Web3 space.
Walmart Dives into Metaverse with Launch of Roblox Spaces for Kids
By Darya Rudz
• 3 mins read
Both Walmart Land and Walmart’s Universe of Play spaces target younger users, generation Z, and generation Alpha.
Jesse Powell Steps Down as Kraken CEO, Dave Ripley to Take Over
By Darya Rudz
• 3 mins read
Since Ripley became COO of Kraken, the company grew from 50 to over 3,000 workers. Besides, under his guidance, Kraken completed more than 16 acquisitions and secured a significant number of global regulatory licenses and partnerships.