Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
Snap CEO Evan Spiegel sent the digital advertising space into a tailspin and social media stocks down with a bad earnings report forecast.
The biggest investor in the funding round has been Andreessen Horowitz (or a16z). Other investors included General Catalyst, Samsung Next, Invesco Private Capital, and more.
The company has been recording more losses as Bitcoin’s price has plummeted more than 50% from its record high.
The majority of NFT and Metaverse tokens started off on a very high bullish note as users were amazed at the way each of the protocols’ sought to drive the mainstream adoption of NFTs and gaming at launch.
Volkswagen CEO Herbert Diess stated at the WEF that the company’s EV sales will overtake Tesla numbers in three years.
As the crypto market slumps further, Coinbase shares are down to almost their all-time lows of about $65.
Grand Time is creating Web3-focused earning opportunities for several classes of people, including the unskilled, poor, and unemployed.
IMF executives see CBDCs setting up a strong system of global financial payments in the next three-to-five years. IMF chief recommends not shunning the entire crypto space because of Terra’s collapse.
Through the partnership, eBay will make the already coveted digital collectibles available to its teeming community.
While the reality has dawned on Snap, the company is exploring avenues to cut down its expenses in a bid to come out of the current crisis stronger.
Zoom manages to deliver better earnings than Street estimates while also sharing a positive growth outlook for the second quarter.
This news comes while the crypto industry is in a bear market. The Paris-based fashion house, however, has made it clear that its crypto plans are long-term.
Several crypto companies advertising their wares took the stage at this year’s World Economic Forum in Davos despite the recent market crash.
The Protego Trust Bank has financial backing from some of the leading crypto market players like Coinbase, FTX, Digital Currency Group, and others.
The prediction is linked to the expected additional increase in interest rate in the US to control the inflation that is rising at a faster pace not seen in 40 years.