April 27, 2022

Spotify falls 11% on first quarter earnings despite beat on top and bottom

Spotify falls 11% on first quarter earnings despite beat on top and bottom

KEY POINTS Shares of Spotify dipped Wednesday. The company reported first-quarter earnings that beat on both the top and bottom lines. But Spotify reported some weakness in ad-supported revenue and missed estimates slightly on paid subscribers. Shares of Spotify dipped Wednesday after the company reported its first-quarter 2022 earnings. The stock was down 10% in the morning amid …

Spotify falls 11% on first quarter earnings despite beat on top and bottom Read More »

Coinbase NFT Partner Ox Labs Pulls m in Series B Funding Round

Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round

0x Labs, the blockchain startup that is in partnership with Nasdaq-listed Coinbase Exchange, has raised $70 million in a Series B funding round with Greylocks Partners at an undisclosed valuation. The details of the financing round were revealed exclusively to Forbes who also reported that Pantera, Jump Capital, OpenSea, and Jared Leto also participated in backing the …

Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round Read More »

Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at K

Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K

BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone. The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk’s purchase of Twitter began to fade and concerns about the state …

Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K Read More »

Yield Guild Games Partner Ola GG Raises M to Expand P2E in Spanish-Speaking Markets

Yield Guild Games Partner Ola GG Raises $8M to Expand P2E in Spanish-Speaking Markets

The funds will be used to acquire yield-generating NFTs and create language-specific educational content. Ola GG, a regionally-focused partner of the decentralized gaming startup Yield Guild Games (YGG), has raised $8 million to expand play-to-earn gaming in Spanish-speaking markets. The seed funding round included investments from Galaxy Interactive, BITKRAFT and Arca, among others, Ola GG said …

Yield Guild Games Partner Ola GG Raises $8M to Expand P2E in Spanish-Speaking Markets Read More »

AUSTRALIAN BITCOIN SPOT ETF LAUNCH IS DELAYED

AUSTRALIAN BITCOIN SPOT ETF LAUNCH IS DELAYED

The first bitcoin spot ETF in Australia has been delayed, reportedly by a ‘prime’ broker, and it is unclear when it will start trading. The first Australian bitcoin spot ETF from Cosmos Asset Management has been delayed. The delay comes as a surprise since the national clearing house and corporate regulator had previously greenlit the …

AUSTRALIAN BITCOIN SPOT ETF LAUNCH IS DELAYED Read More »

South Korean Music Sharing Platform Registers NFT Music Theft Prevention Patent

South Korean Music Sharing Platform Registers NFT Music Theft Prevention Patent

A South Korean music sharing platform, Koong World, recently announced the registration of a non-fungible token (NFT)-based music theft prevention patent. Using this patent, the music sharing platform aims to “solve the problem of copyright protection in the rapidly growing music market.” Tackling the Problem of Copyright Infringement in the Music Industry A South Korean …

South Korean Music Sharing Platform Registers NFT Music Theft Prevention Patent Read More »

Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures

Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures

KEY POINTS The German lender said net profit reached 1.06 billion euros ($1.13 billion) in the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month period, according to data from Refinitiv. James von Moltke, CFO of Deutsche Bank, told CNBC’s Annette Weisbach: “It’s a wall of worries …

Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures Read More »

MICROSTRATEGY TO ALLOW EMPLOYEES TO INVEST IN BITCOIN AS PART OF 401(K) PLAN

MICROSTRATEGY TO ALLOW EMPLOYEES TO INVEST IN BITCOIN AS PART OF 401(K) PLAN

Fidelity Investments has created a 401(k) allowing individuals to invest in bitcoin and MicroStrategy will be the first publicly traded employer to offer it. Fidelity Investments is launching a 401(k) product offering that allows individuals to include bitcoin in their retirement plan. Bitcoin will be held in the Fidelity Digital Assets custody platform as a …

MICROSTRATEGY TO ALLOW EMPLOYEES TO INVEST IN BITCOIN AS PART OF 401(K) PLAN Read More »

World’s First Combined Bitcoin, Gold ETP Listed on SIX

World’s First Combined Bitcoin, Gold ETP Listed on SIX

The product has been developed by ETP issuer 21Shares and cryptoasset data provider ByteTree Asset Management. The world’s first exchange-traded product (ETP) that combined exposure to bitcoin (BTC) and gold has been listed on the Swiss SIX stock exchange. The product has been developed by ETP issuer 21Shares and cryptoasset data provider ByteTree Asset Management. …

World’s First Combined Bitcoin, Gold ETP Listed on SIX Read More »

Nifty News: OpenSea acquires Gem, and Chess.com makes a move into NFTs

Nifty News: OpenSea acquires Gem, and Chess.com makes a move into NFTs

OpenSea’s NFT empire just got bigger with its latest acquisition, while virtual influencer Rae creates an NFT collection to advance girls’ education, and online chess players can now turn memorable matches into NFTs with chess.com. OpenSea buys NFT market aggregator Gem In a Monday Twitter post, OpenSea announced it had acquired NFT marketplace aggregator Gem for an …

Nifty News: OpenSea acquires Gem, and Chess.com makes a move into NFTs Read More »