getty Key takeaways Companies like Microsoft and Alphabet are already heavily invested in AI and are well-positioned to grow in tandem with the new technology Microchip producers and cybersecurity ser...
Tag: Companies
Ether, bitcoin track Nasdaq, S&P declines as new data keeps inflation fears in focus
Crypto and traditional assets sank after U.S. data showed inflation persisting. Bitcoin traded down about 1.5% to $23,785 at 8:45 a.m. EST, while ether fell about 1% to around $1,639. The...
Ankr partners with Tencent to provide the readymade blockchain to Web3 companies
Ankr recently announced entering a partnership with Tencent Cloud. The technology provider released an official tweet and post to inform users about the partnership. According to Ankr, the collaborati...
Carvana Posts Wider Q4 Loss. Used Car Demand Tumbled.
Online used-car dealer Carvana (ticker: CVNA) missed fourth-quarter earnings and revenue expectations and announced plans to cut about $1 billion in costs over the next six months while improving cust...
Block’s Q4 Cash App bitcoin profit drops 25%
Block reported its fourth-quarter bitcoin gross profit from its Cash App dropped by one-quarter to $35 million. The total sale amount of bitcoin sold to customers, recognized as bitcoin revenue, was $...
Bitcoin mining report: Feb. 23
Bitcoin mining stocks tracked by The Block were mixed on Thursday, with nine gaining and nine others declining during the day’s trade. Bitcoin rose 0.6% to $23,959 by market close. © 2023 The Bl...
Base Protocol’s token jumps 250% despite no affiliation with Coinbase
Base Protocol’s token skyrocketed today, reaching a high of nearly $7.50 around 11:30 a.m EST after months of price stagnation below $1. The spike may have been caused by a misunders...
Sequoia Capital, ‘Inspector Gadget’ creator hit by FTX class-action lawsuit
Sequoia Capital, the creator of “Inspector Gadget,” Signature Bank and others linked to defunct crypto exchange FTX were slapped with a class action lawsuit this week, which alleges the defendants kne...
OP token pops 7% following Coinbase Layer 2 announcement
Markets • February 23, 2023, 10:03AM EST Optimism’s token price soared following Coinbase’s announcement that it would build its Layer 2 network on the OP Stack and become a core developer...
Sam Bankman-Fried faces new criminal charges including conspiracy to commit bank fraud
Legal • February 23, 2023, 9:55AM EST FTX founder Sam Bankman-Fried is facing new criminal charges after a judge unsealed a new 12-count indictment against him on Thursday, months after the former cry...
Coinbase unveils its Ethereum Layer 2 network that won’t have a token
Coinbase is officially jumping into the Layer 2 game. The crypto exchange giant unveiled Base, a testnet version of its new Ethereum Layer 2 network, at ETHDenver. Modeled on Ethereum’s Go...
Luxor partners with Southeast Asia mining firm, seeks to attract capital
Bitcoin mining firm Luxor wants to expand its presence in Southeast Asia by partnering with local mining service provider Cryptodrilling. The company will be integrating Luxor’s software, ...
Ark Invest adds another $13 million worth of COIN
Cathie Wood’s Ark Invest made another large COIN purchase, this time coming in at over $13 million. Wood’s fund has added over $30 million in COIN shares this month alone. Ark added...
China tech companies are closely watching ChatGPT’s A.I. skills
A display at the World Artificial Intelligence Conference (WAIC) in Shanghai, China, on Friday, Sept. 2, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — The business story of ChatGPT right now is...
New York Attorney General sues CoinEx crypto exchange over registration
Policy • February 22, 2023, 5:43PM EST New York Attorney General Letitia James is suing cryptocurrency exchange CoinEx for allegedly failing to register with the state. “CoinEx offered, sold, ...
Bitcoin mining report: Feb. 22
Bitcoin mining stocks were mostly lower on Wednesday. Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with three gaining and 15 declining in share price. Bitcoin fell 2.8% t...
Luxor buys OrdinalHub as it looks for ‘new monetization strategies’
Bitcoin mining firm Luxor acquired OrdinalHub, a platform for trading the Bitcoin-based NFTs that have recently surged in popularity. The company said it is looking to be a “central player...
Bitcoin, crypto prices sink for second day; Coinbase down as markets look to Fed minutes
Cryptocurrency and stocks dipped as the focus turned to the release of the U.S. Federal Reserve’s January meeting minutes later today. Bitcoin was trading at $23,700 by 11.20 a.m. EST, do...
Federal Trade Commission investigates Voyager’s ‘deceptive and unfair’ crypto marketing
Legal • February 22, 2023, 10:52AM EST The Federal Trade Commission is investigating crypto broker Voyager Digital, the agency said in a bankruptcy court filing. The FTC is investigating Voyager...
Obol to bring distributed validators to Ethereum this year
Obol Technologies has brought its distributed validator technology to the Ethereum mainnet for the first time in an internal alpha testing phase. If successful, the project aims to make Ethereum more ...
Web3 database developer Polybase raises $2 million in pre-seed funding
Deals • February 22, 2023, 9:01AM EST Published 30 minutes earlier on Polybase, a crypto startup developing a privacy-focused decentralized database, raised $2 million in a pre-seed funding round. ...
Coinbase earnings beat thanks to USDC interest income, analysts say
Coinbase’s fourth-quarter revenue beat estimates thanks to USDC interest income, analysts said. Interest income for the quarter came in at $146 million, up more than 100% from the previous...
The surprising companies one firm thinks will benefit from the AI ‘tidal wave’
If you’re wondering how to trade the AI craze spurred by ChatGPT, researchers at Baird say they have you covered. “Companies in our list have advanced AI capabilities, and we believe will be beneficia...
Here’s Why Some Companies Hope Permanent Long Weekends Will Boost Bottom Lines
Topline Shifting to a four-day, 32-hour workweek can boost employees’ mental and physical health without tanking revenues, a U.K.-based trial of dozens of employers found Tuesday, bolstering a push to...
Here Are The Major Companies Raising Employee Wages In 2023
Topline Home Depot announced on Tuesday it will spend $1 billion to raise hourly employee wages, making it the latest major company raising worker pay to compete in one of the tightest job markets in ...
Coinbase fourth-quarter revenue beats estimates despite falling 57% year-on-year
Coinbase’s fourth-quarter revenue beat estimates, with the exchange reporting revenue of $604.9 million compared to the $589 million FactSet estimate. Although ahead of expectations, full ...