February 11, 2022

Delivery Hero CEO apologizes to investors after 30% stock plunge, vows to stay the course

Delivery Hero CEO apologizes to investors after 30% stock plunge, vows to stay the course

KEY POINTS Delivery Hero CEO Niklas Ostberg said he’s “truly sorry for all shareholders” after the food delivery firm’s stock price plunged 30% on Thursday. Shareholders were spooked after Delivery Hero announced cautious estimates for the coming year. Ostberg vowed to continue with Delivery Hero’s current strategy, with the promise that it would eventually pay off. […]

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China’s Metaverse plans: Decentralization not required

China’s Metaverse plans: Decentralization not required

Experts claim that although China is unlikely to decriminalize crypto soon, NFTs and blockchain still have a place in its Metaverse. Experts say that China’s corner of the Metaverse is likely to evolve very differently to other international markets and that decentralized infrastructure may not be part of the game plan. The Sino Metaverse seems

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SOL, XRP Lead Altcoin Tumble as US Inflation Jumps to 40-Year Highs

SOL, XRP Lead Altcoin Tumble as US Inflation Jumps to 40-Year Highs

Major altcoins could see further declines if they lose important support levels, traders said. Major altcoins slid on Friday following a dip in the broader market. The total capitalization of the crypto market sank by 2.8% to $2.08 trillion. Altcoins led the decline, which led to an increase in the bitcoin dominance index by 0.5%

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PUBG Developer Parent Company Krafton to Work On NFT and Metaverse Related Projects

PUBG Developer Parent Company Krafton to Work On NFT and Metaverse Related Projects

Krafton, the parent company of Bluehole, developers of PUBG, a popular battle royale game that has earned more than $300 million in 2021, announced it will redirect some of its activities toward developing NFT and metaverse-related projects. The company says it has acquired equity in two companies, Seoul Auction Blue and Xbyblue, that will enable

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Samsung Launches New Phone, Featuring Crypto Wallet Equipment

Samsung Launches New Phone, Featuring Crypto Wallet Equipment

Samsung is showcasing its growing interest in the crypto space with the release of its new flagship phone Galaxy S22 Ultra. The South Korean electronics company announced that the S22 Ultra is equipped with a crypto wallet and users would also be able to store ID documentation and keys in digital format. The electronics giant said that

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DRAKE BETS .3M WORTH OF BITCOIN ON SUPER BOWL MATCH

DRAKE BETS $1.3M WORTH OF BITCOIN ON SUPER BOWL MATCH

The award-winning rapper placed bets with bitcoin on the Los Angeles Rams and its wide receiver Odell Beckham Jr. Canadian superstar rapper Drake is using bitcoin to bet that the Los Angeles Rams will beat the Cincinnati Bengals in the upcoming Super Bowl match on Sunday. The award-winning musician shared on Instagram that he placed

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