Day: February 2, 2023

Shell Posts Highest Ever Profit Haul of $40B for Full-year 2022 on Backs of Surging Oil Prices & Demand

Oil and gas major Shell recently reported its highest-ever profit inflow of approximately $40 billion for 2022. Shell (LON: SHEL) has posted its highest-ever annual profit of $40 billion, which comes in the company’s full-year 2022 earnings report. On Thursday, the British multinational oil and gas firm reported adjusted earnings of $39.9 billion for the entire 2022. This sum comfortably exceeded Shell’s previous annual record of $28.4 billion in 2008. In addition, Shell’s latest profit haul is also more than double the oil giant’s full-year 2021 profit of $19.29 billion. A…

Bank of China ex-advisor calls Beijing to reconsider crypto ban

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The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions. Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should think again about whether the ban on cryptocurrency trading is sustainable in the long run. Huang voiced his concerns about the future of fintech in China in a speech in December, according to a transcript published by the local…

Insights into Web3 Gaming: How AI Creates the New Genshin Impact

“Genshin Impact” has been a game changer in the video game industry. Seemingly coming out of nowhere and released to the world in September 2020, developer miHoYo has created an open-world, multi-platform game which has become one of the highest-grossing mobile games of all time, and the highest-ever grossing video game for its first year of release. Many developers aspiring to emulate the success of “Genshin Impact” may end up scratching their heads, asking the question, how on earth can its success be replicated? Potential investors may be asking the…

Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims – Africa Bitcoin News

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Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” They argue that such reports are based on a claim that is being propagated by persons who do not fully grasp the dynamics in the country and should therefore be ignored. Supposed 100% BTC Premium Generates Global Interest Some Nigerian crypto and blockchain users and enthusiasts have said recent reports suggesting that the value of BTC on local crypto…

HSBC needs someone to helm its tokenization efforts

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HSBC, the British multinational bank which manages the largest amount of assets in Europe, doubles down its interest in digital currencies. The bank is looking for a top executive to work with asset tokenization.  On Jan. 30, HSBC opened the GPBW Product Director of Tokenisation position with a hiring process scheduled to end by Feb. 13. According to the job description, the “tokenization director would be responsible for “designing and implementing” a global tokenization proposition and representing the bank in front of regulators and digital assets ecosystem. The candidate should…

Aptos Labs Awards $50K Grant for Blockchain to Cornell University Professor

This university’s partnership with Aptos will allow the current blockchain-based applications to take full benefit of the novel architecture. While the crypto winter has dimmed the charm of blockchain technology and reduced some of the most popular crypto companies to ashes, the vitality of blockchain technology continues to hold the crypto industry together. Aptos Labs, a web3 startup that focuses on developing a scalable layer-1 blockchain, announced a $50,000 grant award on Wednesday to Professor Lorenzo Alvisi of Cornell University in New York. Alvisi, who is also an alumnus of…

Ethereum-Based Decentralized Exchange Token Explodes 50% As Project Releases Yearly Report

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An Ethereum (ETH)-based decentralized exchange (DEX) token has shot up 50% in just a few days after the project released a new annual report. The dYdX (DYDX) Foundation released its “inaugural ecosystem annual report” on Monday, which outlined the decentralized finance (DeFi) DEX’s development in 2022. “Despite the challenging market conditions in 2022, stakeholders in the dYdX ecosystem persevered and continued to build toward the future of finance — one block at a time. In 2022, DeFi proved its resilience and demonstrated clear advantages over CeFi [centralized finance]. Market activity…

Court Approves Meta’s Bid to Acquire VR App Within, META Shares Spike Over 20%

The Federal Trade Commission (FTC) sued Meta last July claiming the company wanted to buy its way to the top in an anti-competitive manner. Facebook owner Meta Platforms Inc (NASDAQ: META) has reportedly won a court case to acquire Within Unlimited, the maker of the virtual reality fitness app Supernatural. According to several reputable media outlets, people familiar with the matter confirmed that Judge Edward Davila from the United States District Court for the Northern District of California denied an injunction by the Federal Trade Commission (FTC) as part of…

OpenAI Launches Pilot Subscription Plan ChatGPT Plus Starting at $20 Per Month

OpenAI has, however, indicated that free users should continue to enjoy ChatGPT services and feel welcome to the subscription option. OpenAI, an artificial intelligence research and deployment company, has announced the launch of a pilot subscription plan for ChatGPT Plus, a conversational AI that can ostensibly do human-like activities including writing an essay, emails, and much more. According to the announcement, the new subscription plan, ChatGPT Plus, will be available for $20 per month in order to offer detailed and fast services. Reportedly, ChatGPT Plus users will benefit from general…