Day: February 21, 2023

Walmart Delivers Strong Revenue for Holiday Quarter

Walmart still maintains a significant market share and investors appear pleased with the firm’s performance thus far. Walmart Inc (NYSE: WMT), the largest retail chain in the United States has reported a strong holiday quarter revenue despite cautious spending on the part of consumers. According to the financials shared by the Arkansas-headquartered firm, its revenue for the fourth quarter came in at $164.0 billion, up 7.3%, or 7.9% in constant currency. As of the December Holidays, inflation in the United States was still red hot and consumers were very choosy…

Hundreds of Fake ChatGPT Tokens Issued on BNB Chain and ETH as AI Popularity Surges

Illicit market participants are cashing in on the soaring popularity of ChatGPT by issuing fake tokens on several blockchains.  According to reports, no-gooders are taking advantage of the ongoing ChatGPT rave by issuing fake tokens. These malicious market participants have issued fake tokens branded after ChatGPT in the past few weeks. 132 of these bogus tokens saw issuance on the BNB Chain in that time, the most on one blockchain. Meanwhile, Ethereum (ETH) saw the fake distribution of 25 tokens, with Solana, Arbitrum, OKChain, and Cronos blockchains handling smaller token issuances. Although none…

I’m American, but My Crypto Startup Won’t Be

As I look for a jurisdiction to incorporate our new token-generating venture, every lawyer we have consulted told us the U.S. should be off the table. The lack of clear U.S. policy and regulations on crypto is driving entrepreneurs away, writes Iomob CEO Boyd Cohen, for Buidl Week. Source

Bitcoin Network Difficulty Expected to See Largest Increase of the Year Amid High Hashrate, Shorter Block Times – Mining Bitcoin News

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After a small decrease of 0.49% on Feb. 12, 2023, Bitcoin’s network difficulty is expected to experience a significant increase in three days on Feb. 24. Estimates indicate the difficulty could see the largest rise of the year, surpassing the 10.26% increase that occurred on Jan. 15 at block height 772,128. Next Bitcoin Difficulty Change Estimated to Jump 10.78% to 11.5% Higher In 2022, Bitcoin’s hashrate remained above the 200-exahash-per-second (EH/s) range. However, in 2023, 300 EH/s seems to be the new norm. According to statistics, over the last 2,016…

Home Depot Falls Short of Expectations on Fiscal Q4 2022 Revenue

The recent plunge caused by the fiscal Q4 2022 financial performance has caused Home Depot to lose almost 2% in its stock price in the last five days.  Multinational home improvement retail corporation Home Depot (NYSE: HD)has released its fiscal Q4 2022 earnings report, revealing that revenue fell short of Wall Street’s estimates. While analysts surveyed by Refinitiv expected revenue to come in at $35.97 billion, the company reported $35.83 billion. Notably, the fiscal Q4 2022 period was the first time Home Depot fell short of revenue expectations in over three…

ConsenSys eyes Web3 notification service refinement with Hal acquisition

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Blockchain technology services provider ConsenSys acquired Hal, a no-code blockchain development tooling platform, to disrupt alerts and notifications at the protocol level in Web3. The acquisition will allow ConsenSys’ Web3 API provider Infura to integrate Hal’s configurable webhooks or notification service in its developer stack. As a result, the move will help developers create alerts and notifications at the protocol level for various signals. According to ConsenSys, Infura offers a suite of tools to connect apps, which the developer community can use to connect apps to the Ethereum network and…