Day: January 12, 2023

Industry execs expect more big players to jump in

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Despite the bullying that gamers inflict on traditional gaming companies dipping their toes into nonfungible tokens (NFTs), executives working within the NFT gaming industry are hopeful that more traditional gaming firms will jump into the space this year.  From mainstream gaming companies jumping in, to the relevance of NFT gaming models like play-to-earn (P2E) and move-to-earn (M2E), various industry professionals shared their insights on NFT gaming trends in 2023.  Traditional gaming studio adoption ranked second in factors affecting the advance of blockchain gaming. Source: BGA report Aleksander Larsen, the co-founder…

Crypto Brokerage Blockchain.com Lays Off 28% of Workforce as Industry’s Cruel Winter Continues

CryptoX – Cryptocurrency Analysis and News Portal “The crypto ecosystem is facing significant headwinds as its course corrects from the challenges of the last year,” said a Blockchain.com representative via email. “To better balance product offerings with demand, we’ve made the difficult decision to reduce operating costs and headcount to rightsize the company.” Source The post Crypto Brokerage Blockchain.com Lays Off 28% of Workforce as Industry’s Cruel Winter Continues appeared first on CryptoX. CryptoX Portal

TSMC Releases 2022 Q4 Earnings, Profit Climbs 78%

During Q4 2022, TSMC reported 52% in its operating margin, gross margin was 62.2%, and net profit margin was 47.3%. Taiwan Semiconductor Manufacturing Company (TSMC) has posted another quarterly record and a 78% surge in net profit during 2022 Q4. The company saw exponential growth in its net profit due to the solid sales of advanced chips. The sales helped TSMC in 2022 Q4, evading the industry-wide downtown that affected other manufacturers. During the December quarter, the semiconductor company and Apple’s major supplier noted that its net profit moved from T$166.2…

Solana Begins To Recover As On-chain Activity Rises

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With the recent hype and increase in meme coins on Solana over the past weeks, the network has gained a significant amount of momentum, pushing it to an uptick both in on-chain activity and trading volume.  Solana has begun to show recovery signs from the FTX scandal following a recent spike in momentum. Even the network’s native token SOL joined in on the momentum and reached a two-month high amid the ubiquitous rally in the global crypto market.  Solana Recovering Back To Pre-FTX Levels So far, SOL’s on-chain activity shows…

FTX Arena Naming Rights Deal Officially Terminated

Naming rights have been a popular initiative for crypto firms before the commencement of the crypto winter of 2022. FTX Arena is a thing of the past. As the crypto industry is slowly coming to terms with the massive fall of crypto exchange platform FTX, a judge from Florida declined FTX its naming rights to the home of the Miami Heat on Wednesday. The news follows a court verdict in the Bankruptcy Court of Delaware, where the lawyers argued that the funds from Alameda Research sponsored the deal with Miami-Dade…

Logitech Lowers Performance Forecast after Q3 Revenue Miss

Considering the current business state of the company, it has revised its target for the year and it said it now expects its overall revenue to drop by 13-15%. Swiss multinational manufacturer of computer peripherals and software, Logitech International SA (SWX: LOG) has tapered down its expectations and business outlook for the 2023 Fiscal Year. The company reduced its forecast for the year following a relatively poor performance as recorded in the third quarter of the 2023 fiscal year ended December 31, 2022. According to Logitech, the third quarter net…

El Salvador Passes Law Paving Way for Bitcoin Bond Issuance

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Lawmakers in El Salvador have greenlit a law that could facilitate the country’s long-standing Bitcoin bond initiative.  El Salvador has taken a monumental step toward adopting and issuing the first-ever sovereign Bitcoin (BTC) bond. On Wednesday, Bloomberg reported that the Central American nation’s Congress recently approved a digital securities law potentially underpinning Bitcoin bond sales. This law allows El Salvador to generate funds through the world’s first sovereign Bitcoin bond. The bill, which secured an overwhelming 62 Congress votes in favor, will head to El Salvador President Nayib Bukele for signing. 16…

Chinese Billionaire Jack Ma Agrees to Cede Control of Fintech Giant Ant Group – Fintech Bitcoin News

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Chinese billionaire Jack Ma recently agreed to give up control of Ant Group as part of changes to the fintech’s corporate structure, which will supposedly not have an impact on “the economic interests of any shareholders of Ant Group and their beneficiaries.” Once the process is complete, no single shareholder will have control over Ant Group, the fintech said in a statement. Shareholders’ Economic Interests Unaffected Billionaire and Chinese fintech giant Ant Group’s controlling shareholder, Jack Ma, recently agreed to an arrangement that dilutes his shareholding and his voting rights.…

Apple May Launch Touchscreen Mac Laptop from 2025

Reports say that tech powerhouse Apple could soon release touchscreen versions of its Mac laptop lineup in 2 years.  Apple (NASDAQ: AAPL) is mulling releasing a touchscreen version of its Mac laptop line in the near future. According to reports, the tech giant could release a touchscreen-enabled MacBook Pro laptop as early as 2025. This potential move marks a significant U-turn for Apple, which, on numerous occasions, previously described touchscreen laptops as ergonomically inferior. Former Apple CEO, the late Steve Jobs, once argued about the practicality of touchscreen laptops. According to…