“One of the big narratives of 2023 looks to be Layer 2’s and the only way to get direct exposure to them right now is through the OP token,” Conor Ryder, research analyst at Paris-based crypto data provider Kaiko, said. “TVL on Optimism has also outpaced Arbitrum, its closest competitor, to start the year.” Source
The metaverse is becoming a destination for more brands, companies and communities to connect. A study from December 2022 revealed that 69% of users believe metaverse entertainment will reshape social life. Recently, the legacy music and arts festival Woodstock, known for being the most famous of the 1960s rock festivals, announced that it would reinvent itself as a digital world in collaboration with metaverse developers Sequin AR. Festivals in the metaverse are not a new thing. As digital life has been becoming more prominent over the years, we’ve seen virtual…
German banking powerhouse Deutsche Bank sustained a Q4 2022 slide in shares even though it took higher profit. Deutsche Bank recently saw its shares slide despite its 10th consecutive quarterly profit achievement. The German multinational investment bank and financial services platform reported a $1.8 billion euro ($1.98 billion) net profit in Q4 2022 attributable to shareholders. Although this figure was almost double the consensus estimate of a 910.93-million-euro net profit for the period, Deutsche Bank shares slipped. According to analysts, this slippage was due to an uncertain macroeconomic outlook and micro factors within…
Besides asking the People’s Bank of China to rescind its crypto ban decision, Huang also shared his insights on what the apex financial regulator needs to do to boost the relevance of the digital yuan. Close to two years into the nationwide ban on crypto-related transactions, a former executive of the People’s Bank of China (PBoC), Huang Yiping has asked the apex bank to revise its stance. As reported by Cointelegraph, Huang said the ban on the nascent asset class was necessary and advised in the short term, however, the…
Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the Russian Federation. Co-Founder Says Exchange Will Provide Access to User Funds Crypto exchange Bitzlato is taking steps to restore operations and immediately permit customers to withdraw bitcoin, one of its founders, Anton Shkurenko, said in an interview with Satoshkin Live, a Youtube channel devoted to crypto investment and trading, quoted by major Russian-language crypto news outlets Forklog…
press release Press Release. LONDON, ENGLAND – February 2nd, 2023 – Neon Link, a blockchain gaming company building a technologically robust and scalable environment, announced its opening of the presale of the $NEON token, taking place on the 15th February at 5PM UTC, which is set to fuel the next generation of games that sit on top of the project’s own cross-chain network. The $NEON pre-sale is only one side of the coin distribution – soon after that, the Neon Link public sales will follow. The earliest adopters to join…
At the end of this year, Meta expects its total expense to fall between $89 billion and $95 billion. Tech giant Meta Platforms Inc (NASDAQ: META) exceeded analysts’ estimation in revenue during 2022 Q4, according to its earnings report. While there was a prediction of $31.543 billion in revenue, the company reported $32.17 billion. Despite beating revenue projections in 2022 Q4, Meta saw its revenue for the quarter drop 4% YoY. This represents the straight third quarter of declining sales for the company. Meta Releases Earnings Report for 2022 Q4…
An Ethereum wallet that belongs to bankrupt trading firm Alameda Research quietly received $6 million from Bitfinex’s hot wallet overnight, according to Nansen data. Source
The positive stance on crypto growth had a number of unique undertones from top regulatory bodies including the Reserve Bank of India (RBI). The digital currency ecosystem is on the bounce today as evident in the uptick in the combined crypto market cap which surged by 4.52% to $1.09 trillion. Bitcoin (BTC) is leading the bullish momentum in the market today with its price up by 3.49% to $23,813.69 and many altcoins are following the trend. Bitcoin has been an exceptionally positive price mover over since the start of the…
One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses. In a report by Tech Crunch, the company said that CBDC support is already rolled out at Freshpik, its gourmet store line. In addition, the firm also noted that it will be expanding support for the digital rupee to all of its properties, a move that could potentially push adoption forward for the country’s CBDC. V Subramaniam,…