Day: February 3, 2023

A New Approach to DeFI

PRESS RELEASE. KyotoSwap.io is the first decentralized exchange (DEX) on Binance Smart Chain that allows anybody to create a verifiable positive impact at little to no cost. As a result, decentralized finance (DeFi) users can passively contribute towards fighting climate change. The first Regenerative Finance DEX on BSC to tackle climate change The empowering movement of Regenerative Finance (ReFi) has created a thriving sub-sector within DeFi, which continues to snowball in popularity despite the recent crypto winter. In essence, Regenerative Finance incorporates an action that positively impacts circular or modular…

Core Scientific to hand over 27K rigs to pay $38M debt

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Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral.  In a court filing, the company said the mining rigs were no longer essential to its operations and plans. The firm is now waiting to get the approval of the United States Bankruptcy Court for the Southern District of Texas, which is in charge of the proceedings. While the company accepted that the move would…

Addressable Raises $7.5 Million to Help Web3 Marketers Reach Their Audiences – News Bitcoin News

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Addressable, a decentralized marketing startup, has raised $7.5 million in its seed round to tackle the current marketing woes in the Web3 area. The company claims its software can pair the onchain addresses of users with their social accounts, giving Web3 marketers more knowledge about their audiences to make efficient advertising campaigns in the crypto sector. Addressable Raises $7.5 Million in Seed Round Marketing agencies have had a difficult time advertising Web3 products to their audiences due to the lack of insight they have into these services. Addressable, a software…

Binance re-enters South Korea with GOPAX exchange

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Major cryptocurrency exchange Binance is coming back to South Korea with a new acquisition of the local crypto trading platform Gopax. Binance has acquired a majority stake in the troubled crypto exchange Gopax, re-entering South Korea after exiting the market two years ago, Bloomberg reported on Feb. 3. The funding for the transaction reportedly came from a Finance-initiated investment project known as the Industry Recovery Initiative, to which Binance pledged $1 billion. Binance chief business officer Yibo Ling said that Binance has acquired a “meaningful” equity position at Gopax without…

Alphabet Q4 2022 Financial Report Shows Earnings Miss as YouTube Struggles

Alphabet posted a less-than-savory Q4 2022 report that reflects the current tech downswing and looming recession.  Alphabet Inc (NASDAQ: GOOGL) recently posted its Q4 2022 results, which showed earnings miss on its top and bottom lines. As a result, the tech giant’s stock slid nearly 4% in the after-hours session, eroding some of its 7.28% earlier gains. Alphabet Q4 2022 Results by the Numbers On Thursday, Alphabet reported a revenue haul of $76.05 billion versus the markedly higher $76.53 billion analysts expected. In addition, the California-headquartered multinational also posted fourth-quarter earnings per…

Meta Platforms Shares Surge 23% to Record Best Day in Over a Decade

Positive Meta developments, including a good Q4 outing and rousing Zuckerberg’s comments, saw shares attain a decade-long positive phase. On Thursday, Meta Platforms (NASDAQ: META) shares surged by more than 23%, marking one of the stock’s best days in a decade. This positive development benefited from optimistic commentary by Meta CEO Mark Zuckerberg and a flurry of analyst upgrades triggered by the company’s solid Q4 outing. More on Meta Shares Decade-long Development In addition to seeing its best performance in a decade, Meta Platform’s shares also rose to their highest point since last September. At the time,…

Starbucks Sees Revenue Miss in Q1 2023 as China Outfit Slows Growth

The company is planning to capitalize on its most active market, the United States. American multinational chain of coffeehouses and roastery reserves, Starbucks Corporation (NASDAQ: SBUX) has released its fourth quarter 2022 performance report as revenue slightly misses analyst’s expectations The company said its revenue came in at $8.71 billion, a figure that is down from the $8.78 billion estimated based on analyst’s expectations. Starbucks remains the coffeehouse of choice for millions of consumers in the United States and around the world. The company posted 75 cents as its Earnings…