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Bitcoin’s On-chain Transaction Volume Drops to Multi-Year Low amid Bearish Sentiments
By Steve Muchoki
• 3 mins read
Since 2022, Bitcoin’s trading volume has declined by nearly 90 percent despite increased demand from institutional investors.
Mukesh Ambani-backed Jio Financial Services Announces Plans to Extend Services to Insurance Industry
By Steve Muchoki
• 3 mins read
The Indian billionaire highlighted during Reliance’s annual general meeting that JFS intends to further widen its financial services with global partners including Blackrock.
Gap Reports Mixed Q2 2023 Financial Results, GPS Shares Up 1% in Pre-market
By Steve Muchoki
• 3 mins read
Gap Inc’s new CEO Richard Dickson took over after the company reported an 8 percent drop in sales in Q2 to $3.55 billion, compared with $3.86 billion a year earlier.
1inch Protocol Expands Services to Ethereum-based and Coinbase-backed L2 Network Base
By Steve Muchoki
• 3 mins read
1inch network announced that its limit order protocol has been deployed on a Coinbase-backed Base with direct access to several DeFi projects like Uniswap V3, and Balancer V2, among others.
Unstoppable Domains Launches Web3 Messaging Platform Powered by XMTP Network
By Steve Muchoki
• 3 mins read
Unstoppable Messaging allows Web3 users to connect with friends, and stay updated on their favorite projects in an end-to-end encrypted network.
Nvidia Reports Better than Expected Fiscal Q2 2024 Financial Results and Blowout Forecast, NVDA Shares Up Over 6.5%
By Steve Muchoki
• 3 mins read
Driven by the high demand for AI products, Nvidia reported a significant increase in revenue and expects exponential growth ahead.
Former FTX Boss SBF Reiterates Non-Guilty Status as He Complains about Living on Bread and Water in Prison
By Steve Muchoki
• 3 mins read
As the US regulators tighten the belt on the cryptocurrency industry, legal experts believe SBF attorneys will have a challenging time freeing proving his innocence
AMC Shares Tumble Nearly 20% as Investors Show Disapproval of Share Dilution to Raise More Funds
By Steve Muchoki
• 3 mins read
AMC announced in August that it plans to issue 517 million shares of preferred stock, under the ticker symbol APE to raise more funds and counter its debts.
SoftBank-backed Arm Announces Public Filing of Registration Statement for Proposed NASDAQ IPO
By Steve Muchoki
• 3 mins read
Arm was acquired by SoftBank in 2016 for $32 billion and expects to return to public trading to compete with other chip designers and manufacturers.
Zoom Reports Better than Expected Results for Fiscal Q2 2024, ZM Shares Up Nearly 4%
By Steve Muchoki
• 3 mins read
Zoom announced that its Q2 revenue came in at about $1.138 billion, up 3.6 percent YoY.