Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest 500 billion won ($380 million) to create ab...
Tag: giant
Mortgage Giant Cuts Thousands Of Jobs—Warns Of ‘Accelerated’ Downturn As Housing Market Abruptly Collapses
Topline Mortgage originator loanDepot on Tuesday unveiled a plan to cut thousands of jobs and reduce costs “significantly” as higher interest rates sink mortgage demand—becoming the latest...
Chinese Electric Car Giant BYD’s Slump Fuels Speculation on Warren Buffet Adjusting Holdings
(Bloomberg) — BYD Co. shares sank the most in nearly two years after a stake matching the size of Berkshire Hathaway Inc.’s position in the Chinese electric-car giant appeared in Hong Kong’s cle...
South Korea’s tech giant SK Telecom to launch cryptocurrency wallet
Korea Mobile Telecommunications Services Corp also more commonly known as SK Telecom announced on July 11 that it had reached an agreement with AhnLab Blockchain Company and Atomrigs Lab to collaborat...
DeFi Giant Aave Unveils Plans for New Decentralized Stablecoin Based on Ethereum (ETH)
A popular decentralized finance (DeFi) protocol is preparing to launch its own community-supported US dollar-pegged stablecoin. In a new announcement, lending and borrowing platform Aave (AAVE) says i...
Nigerian Fintech Giant Flutterwave Accused of Laundering Money, More Than 50 Bank Accounts Frozen – Bitcoin News
A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The ag...
DeFi Giant Aave Wants to Launch Its Own Stablecoin
DeFi protocol Aave is planning to launch its very own stablecoin, the project’s founder announced today. “We have created an ARC [Aave request for comments] for a new decentralized, collateral-backed...
This CEO warns that the Fed’s strategy has created a giant bubble in housing. Here’s what he likes for protection
‘The biggest Ponzi scheme in history’: This CEO warns that the Fed’s strategy has created a giant bubble in housing. Here’s what he likes for protection The Fed is tasked with a dual mandate: to ensur...
Mining giant is forced to sell-out 79% of BTC to pay debt
One of the top crypto mining companies, Core Scientific, sold 79% of its Bitcoin holdings in June to survive the bear market. The company sold 7,202 Bitcoins for around $23,000 each, gaining nearly $1...
Bitcoin Mining Giant Offloads 7K Coins Raising more Than $167M
One of the biggest crypto mining companies sold the bulk of its Bitcoin holdings in June, realizing $167 million which it intends to use, in part, to repay debt. Core Scientific sold 7,202 coins. It n...
Bitcoin Mining Giant Bitmain Closed 2021 With An $8-9 Billion Revenue
Bitmain, the world’s leading manufacturer of digital currency mining servers, is reported to have closed 2021 with a revenue valuation of $8-9 billion as demand for mining equipment surged in the past...
an energy giant is researching Bitcoin mining- The Cryptonomist
US energy giant Duke Energy is studying a pilot project for Bitcoin mining. Duke Energy wants to make Bitcoin mining greener Duke Energy wants to exploit the excess energy produced from renewable sou...
Chinese ride-hailing giant Didi still awaits final ruling from Beijing, one year after it was put under cybersecurity review
Ride-hailing giant Didi Chuxing is still waiting for a final ruling from Chinese authorities, one year after Beijing shocked the market by initiating an unprecedented cybersecurity investigation into ...
Investment giant VanEck takes another shot at a spot Bitcoin ETF
One day after the United States Securities and Exchange Commission (SEC) shot down the Grayscale spot Bitcoin exchange-traded fund (ETF), investment management firm VanEck has decided to renew its eff...
South Korean Food Giant Aims To Take A Bite Of The $2 Trillion Global Halal Food Market
Halal logo, which is displayed on food products prepared according to proper Muslim rites. TENGKU BAHAR/AFP via Getty Images South Korean food giant SPC Group plans to expand into Malaysia to take a b...
Banking Giant JPMorgan Says Bitcoin and Crypto Meltdown May Be Short-Lived – Here’s Why
Financial services giant JPMorgan says the latest Bitcoin (BTC) and crypto market meltdown may be fleeting. According to a new BNN Bloomberg report, JPMorgan analysts say the crypto market’s current d...
Crypto Giant Grayscale Immediately Sues SEC After Bitcoin ETF Rejection
Crypto asset manager Grayscale is suing the U.S. Securities and Exchange Commission (SEC) over a rejected bid to convert Grayscale’s Bitcoin (BTC) fund into an exchange-traded fund (ETF). In a recent ...
LVMH buys California wine giant Joseph Phelps as high-end drinks market soars
LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. Th...
Wall Street Giant Goldman Sachs Raising $2,000,000,000 To Buy Distressed Celsius Assets: Report
Financial services titan Goldman Sachs is reportedly raising $2 billion to purchase discounted assets from embattled crypto lending platform Celsius (CEL). According to a new report by CoinDesk, sourc...
PepsiCo A Top 25 Dividend Giant With 2.77% Yield
PepsiCo has been named as a Top 25 ”Dividend Giant” by ETF Channel, with a whopping $32.68B worth of stock held by ETFs, and above-average ”DividendRank” statistics including a...
Automobile Giant Bentley enters the NFTverse
Over the past few years, it has become evident that several brands and huge companies are keen on getting into the blockchain domain. Their involvement in the industry became more prominent since the ...
Mortgage giant Sun West Up to give away 5 ETH as they introduce blockchain technology during the Game on event June 25th via livestream from Vegas
Las Vegas, United States, 24th June, 2022, Chainwire Sun West CEO and Morgan’s innovator Pavan Agarwal was welcomed by Hall of Famers Terrell ‘TO’ Owens and ‘Ivan’ Pudge Rodriguez as part of the leade...
E-commerce Giant eBay Acquires NFT Marketplace KnownOrigin
eBay has been one of the first and most prominent E-commerce marketplaces that connect buyers and sellers directly for several years. As an organization, it has been known to keep up with trends and f...