Yuga Labs, creators of the Bored Ape Yacht Club NFT collection, completed the first load test on Wednesday afternoon of the Otherside metaverse. The test for the game — which lets users turn the...
Tag: Tech
Betting Against Tech Is Finally a Winning Trade as Short Sellers Sit on $20 Billion Profit
(Bloomberg) — Betting against tech has become a winning trade, with short sellers sitting on billions in paper profits as growth stocks slump. Most Read from Bloomberg A historic rout in the so-...
British Tech Start-up Nothing Partners With Polygon to Unlock Web3 Access
Markets Nothing joins with Polygon to integrate Web3 functionality. The partnership is launched by Nothing’s NFT loyalty program. Thus Nothing, will be the first tech to connect real-world products w...
Dogecoin, XRP Can Now Be Accepted as Payment by Canadian Food Tech, WeCook
Tomiwabold Olajide These included cryptocurrencies such as Bitcoin, Cardano, Ethereum and several other assets Dogecoin, XRP and other cryptocurrencies are now accepted as payment methods by Canadian ...
Shock Bankruptcy Shows The Dark Side Of Tech SPACs
Tthe store’s going out of business sale. (Photo by Robert Alexander/Getty Images) Getty Images The stock market remains in a funk, yet the cause is not what most investors believe. A valuation b...
Chinese Tech Giants Alibaba, Tencent to Require ID Checks for NFT Purchases
Tencent, Ant Group, Baidu, JD.com, and several other leading Chinese tech companies last week issued a “self-disciplined development proposal” for the “digital collectible industry” that would introdu...
Sequoia China Raises $9B in Funding amid Country’s Roiling Tech Space
Despite the government regulatory crackdowns, Sequoia China says the funding will support tech companies across all stages in the country. The Chinese affiliate of American venture capital firm Sequoi...
Risk profile of crypto markets similar to oil and tech: Coinbase
Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to commodities such as oil and gas, and tech and pharmaceutical stocks, according ...
Chinese Tech Giants Vow Support Additional Regulations on Digital Collectibles
Chinese tech giants join the state-backed efforts in regulating the digital collectibles by voicing support for the “self-discipline initiative” that ensures identity checks on users, adheres to the c...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
Alibaba Stock Is Rising Again. Why Chinese Tech Could Keep Outperforming.
Text size Alibaba stock had a tough run in 2021. Greg Baker/AFP via Getty Images Alibaba lost almost half of its market value last year while the S&P 500 gained more than 25%, disappointing inves...
Chinese tech giants including Tencent and Ant Group pledge to ban NFTs
Leading Chinese tech companies, including Tencent, JD.com and Ant Group, have pledged to ban non-fungible tokens (NFTs) and crypto marketplaces as part of the country’s latest wave to outlaw the digit...
Tron Founder Justin Sun Champions for Blockchain Tech in WTO Event
‘Global Economy Can Be Fixed by Blockchain,’ Says Tron Founder Justin Sun, the founder of Tron and Grenada Ambassador to the World Trade Organization (WTO), said that blockchain could fix global econo...
ZETRIX -Could Blockchain Tech Further Boost E-commerce Rise in Asia?
When the government encouraged people to isolate themselves and stay home to prevent the spread of Covid-19, online shopping, food delivery apps, and online payment platforms saw a massive surge in us...
Tech trees to fund ambitious science and tech
Have you ever played the game series Civilization, created by designer Sid Meier? Through the years, much has changed, but one of the unchanging hallmarks of the series has been the technology tree. W...
‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 crushed tech stocks that are still posting white-hot revenue growth
‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 crushed tech stocks that are still posting white-hot revenue growth The market doesn’t seem able to find a bottom. The S&P 500 h...
Pentagon Discovers Unsettling Vulnerabilities Regarding The Blockchain Tech
A report titled “Are Blockchains Decentralized, Unintended Centralities in Distributed Ledgers” warns the crypto industry by saying that some big players can exercise centralized control over the comp...
French Central Bank Governor Seeks Partnership Between Private Crypto Tech And Banks ⋆ ZyCrypto
Advertisement     François Villeroy de Galhau, French banker and governor of the Central Bank of France, has noted that the financial system would immensely benefit fr...
U.S. governor signs crypto-friendly bill into law to ‘take advantage of booming tech’
As the cryptocurrency industry advances and expands, authorities in some jurisdictions are willing to give the new asset class a chance, including in the form of adopting crypto-friendly laws, such as...
Micron’s Dim Outlook Suggests Tech Spending Is on the Wane
(Bloomberg) — Micron Technology Inc. gave a surprisingly downbeat forecast for the current quarter after demand for phones and computers weakened, but vowed to move aggressively to stave off a c...
Blockchain lacks meaningful use cases, tech journalists tell UK lawmakers
Two journalists had a go at blockchain technology during a select committee in Westminster yesterday, June 29, Yahoo Finance reported. Addressing the House of Commons Science and Technology Committee,...
A lot of the growth tech stocks may ‘never recover’: Jackson warns
It’s not a given that all of the beaten down growth tech stocks will eventually recover, Eric Jackson warned on a CNBC interview this evening. 10-year yield came down a little on Thursday The co...
Bitcoin and Ethereum Prices Dip to Yearly Lows as Tech Stocks Are Having Their Worst Year » NullTX
After a sharp rebound last week, Bitcoin and Ethereum again suffer significant bearish momentum as BTC and ETH prices dip to yearly lows at $19k and $1k, respectively. The bear market is in full effec...
Energy Crushes Tech In First Half
385757 10: A winter sunrise surrounds an oil well in the South Cuyama Oil Field February 16, 2001, … [+] near New Cuyama, CA in Santa Barbara County. In recent months, the state Coastal Commissi...
Micron’s Weak Outlook Crushes Chip Stocks. There’s More Trouble Coming for Tech.
Text size Dreamstime Almost every analyst on Wall Street knew that the memory chip company Micron Technology was likely to provide quarterly guidance below previous Street estimates. And that’s exactl...