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Place/Date: – January 20th, 2023 at 11:41 am UTC · 3 min read Contact: 3HOUSE, Source: 3HOUSE Photo: 3HOUSE 3HOUSE, the leading Web3 investment community, recently introduced a new initiative to provide comprehensive “deep dives” for Web3 investors. The “Campfire” initiative is designed to help investors gain a deep understanding of investment principles and access high-quality information when making critical investment decisions in the rapidly growing and constantly evolving Web3 industry. Campfire is the 3HOUSE community’s fortnightly focus direction. Every two weeks, the development team, in collaboration with the community,…
Winklevoss said this move will afford the firm to recoup its funds as the Barry Silbert-led DCG has continued to refuse to offer its creditors a fair deal. Cameron Winklevoss, the co-founder and Chief Executive Officer (CEO) of the Gemini trading platform has threatened to sue Genesis Global and its parent company, the Digital Currency Group. Cameron took to Twitter to share the update following the bankruptcy filing lodged by Genesis involving two of its other subsidiaries. Cameron has been very vocal on social media about the complacency of Genesis…
Hoskinson predicted that the purchase would cost him around two hundred million USD and that he will examine the financial details before taking concrete action. Cardano Co-founder Charles Hoskinson has said that he is mulling over acquiring CryptoX, the media wing of the now-struggling Digital Currency Group. According to Hoskinson, the virtue of journalism needs to be rehabilitated on cryptocurrencies and blockchain. CryptoX, on the other hand, is also contemplating the chances of a sale. Hoskinson, in a Youtube live stream in the United States, said that his involvement with…
A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation for blockchain applications seeking to offer products similar to what traditional banking offers. WEF Global Banking Panel Seeks More Crypto Regulation Global bankers have agreed on the need for more clear regulations for cryptocurrencies. In a panel titled “Banking in the Eye of the…
Flashbots is seeking to raise $50 million with a $1 billion pre-money valuation, according to The Block, citing sources aware of the deal. Pitch To Flashbots For A Chance to Invest As they look to crowdfund, it has been revealed that Flashbots is doing a “reverse pitching” where interested investors have to pitch, not the other way around. In this arrangement, investors confident of Flashbots’ prospects must explain, in detail, why they should have a slot in this investment round. Eventually, the goal is to raise between $30 million and $50 million…
Genesis Global Trading, a prominent crypto lender, filed for Chapter 11 bankruptcy protection in New York on Jan. 20, becoming the latest company to declare bankruptcy in the wake of FTX’s collapse. However, the focus of the crypto community has shifted toward other firms that had exposure to the lending firm. One report suggested that a total of nine crypto firms had exposure to Genesis, including Gemini, Bybit, VanEck, Decentraland and others. Bybit CEO Ben Zhou was quick to respond to the reports and clarified that Bybit indeed had $150…
Co-founder Reed Hastings is stepping down as the CEO. Production company Netflix (NASDAQ: NFLX) saw a massive addition to its subscribers in Q4, exceeding Wall Street’s expectations. According to the fourth quarter financial results, the company gained 7.66 million paid subscribers, over the predicted 4.57 million. The significant additional Netflix subscribers in Q4 increased the company’s shares by 6%. At the time of writing, the company’s stock is up 7.12% in after-hours trading to $338.27. NFLX has popped more than 7% since the year started and gained 9.05% in the last…
This is the second offer made by Playtika to Rovio. No agreements have been made between the companies, and there is no assurance that any transaction will materialize or eventually be completed. Israel-based mobile games developer Playtika Holding Corp (NASDAQ: PLTK) has sent a proposal to buy Finnish video game developer Rovio Entertainment Corporation (HEL: ROVIO). The price of the acquisition deal would be as much as 683 million euros ($737.50 million), or 9.05 euros per share, paid in cash. Playtika Interested in Acquiring Rovio Notably, this is the second acquisition…
Consumer goods heavyweight Procter & Gamble saw its fiscal Q2 2023 earnings slip but maintained a higher organic fiscal sales growth. Procter & Gamble (NYSE: PG) recently reported declining revenue and profit in its fiscal Q2 2023 earnings statement. On Thursday, the American multinational consumer goods corporation reported total revenue of $20.77 billion. This figure came slightly lower than the consensus estimates of $20.73 billion in P&G’s fiscal second quarter. The company also realized adjusted earnings per share of $1.59, which is on par with analysts’ expectations. A year earlier, P&G gained…