It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The ...
Tag: Internet
Amazon and Visa reach global truce over credit card fees
Visa payment cards laid out on a computer keyboard. Matt Cardy | Getty Images Amazon has reached a global agreement with Visa to settle a dispute over the credit card giant’s fees. The deal mean...
Banning Bitcoin is Like Banning the Internet, Says Russia’s Finance Minister
Russia is one of the countries where the regulatory status of Bitcoin and the overall cryptocurrency market remains dubious at best. However, it appears that Financial Minister Anton Siluanov doesn’t ...
FCC Announces Crackdown On ‘Sweetheart Deals’ Between Landlords And Internet Providers
Topline The Federal Communications Commission announced Tuesday it plans to crack down on “sweetheart deals” between landlords and internet providers that circumvent existing FCC rules to effectively ...
SpaceX Booking Over $300 Million/Year
Illustration of SpaceX’s Starlink network of satellites. getty More than a quarter of a million people could be currently getting their internet from space, according to Elon Musk. There are cur...
Crypto start-up BlockFi to pay $100M in settlement with SEC, 32 states
The logo of cryptocurrency platform BlockFi. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Cryptocurrency firm BlockFi said Monday it has agreed to pay $100 million to the U.S. Securitie...
UK’s HMRC seizes NFTs for first time in tax fraud probe
A CryptoPunk NFT on display at Sotheby’s on June 4, 2021 in New York City. Cindy Ord | Getty Images LONDON — Britain’s tax watchdog has seized three non-fungible tokens, in what is thought...
Billionaire George Soros reveals stake in Rivian, sells some tech shares
Billionaire George Soros’ investment fund has taken a more than $1 billion stake in electric-pickup maker Rivian Automotive Inc. According to a filing with the Securities and Exchange Commission on Fr...
Silicon Valley employees go away from large companies to Web3. What is the future of the Internet?
Julien Gaillard, the former Chief Data Scientist at Twitter Spaces, announced on Twitter that he is leaving Silicone Valley social media giant to become Head of Data Science at DeFi lending platform A...
Internet Guru Tim O’Reilly: Crypto and NFTs Are ‘Pretty Serious Speculative Bubble’
Tim O’Reilly, the internet guru and the man who coined the term Web 2.0, does not sound like a big fan of Web3. On Wednesday, O’Reilly appeared on CBS Moneywatch and discussed crypto, blockchain, and...
Why Crypto Market Could Drop 80% Like Early Internet Company Stocks
The crypto market cap has recently begun to recover regaining $2 trillion. However, an analyst thinks a bear call could be in place given several similarities between the dot-com bubble in 2000 and th...
Cardano won’t be a part of bringing democratized broadband internet to millions of Africans after all
Africa-focused startup 3air has announced leaving Cardano to build its internet connectivity platform on the SKALE mainnet. The announcement of moving to the Ethereum based Layer 2 multichain network ...
Adyen stock surges on strong H2 2021 earnings
Pieter van der Does, chief executive officer of Adyen. Simon Dawson | Bloomberg | Getty Images Dutch payments processor Adyen reported a 51% jump in core earnings in the first half of 2021, topping ex...
Why Crypto Is Following The 1990 Internet Adoption Curve
The adoption curve of crypto is believed to be in its early stages, and Wells Fargo data shows its close similarities with the early stages of internet adoption back in 1990, giving a glimpse of how c...
Blockchain-based internet company 3air abandons Cardano for SKALE network
Africa-focused blockchain internet company 3air has officially abandoned the Cardano blockchain in favor of SKALE, a network powered by Ethereum, after reporting a “massive talent shortage” for Haskel...
Rumor That SoftBank To Sell Alibaba Stake Weighs On China Internet
China Last Night KraneShares Key News Asian equities were mixed overnight as China, Singapore, and Indonesia outperformed while India and the Philippines underperformed. Citi’s internet analyst is rep...
Sequoia leads $450 million investment in Polygon blockchain
The logo of cryptocurrency network Polygon. Jakub Porzycki | NurPhoto via Getty Images Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the...
Sequoia leads $400 million investment in crypto project Polygon
The logo of cryptocurrency network Polygon. Jakub Porzycki | NurPhoto via Getty Images Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the...
IOC launches Beijing Olympics-themed mobile game with NFTs
Olympic Games Jam: Beijing 2022 is a Winter Games-themed game that incorporates non-fungible tokens (NFTs). nWay The International Olympic Committee has become the latest organization to jump into the...
Amazon holiday earnings blow away expectations (thanks to Rivian), stock spikes
Amazon.com Inc. executives thought that supply-chain and staffing concerns could wipe away their holiday profit. They were wrong. Amazon AMZN, -7.81% reported fourth-quarter profit of $14.3 billion, o...
Over 10% Working-Age Folks Using Internet Holds Cryptocurrency
As per some findings through a wider worldwide survey of internet users between the age of 16-64 years, unveiled that digital assets are more than just a trend. According to GWI data, over 10% of inte...
Here’s Why Bitcoin Can Be the Native Currency of the Internet, According to Ex-Twitter CEO Jack Dorsey
Twitter co-founder and former CEO Jack Dorsey believes that Bitcoin (BTC) will be the native currency of the internet despite lagging behind other crypto assets in terms of development. In a new inter...
Snap earnings spark stock rally that’s so big, it’s making people nervous
A stock moving more than 50% higher in a single session is normally cause for celebration on Wall Street, but Snap Inc.’s big rally Friday was met with skittishness. Shares of the Snapchat parent comp...