The government, which is in the process of changing regulators for crypto, had initially planned to roll out the trading platform by end-2021. Source
Indonesia Delays Crypto-Stock Exchange Launch Again, This Time Till June: Report
Month: February 2023
Binance re-enters South Korea with GOPAX exchange
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…
Binance Re-Enters South Korea by Buying Majority Stake in Crypto Exchange GOPAX: Bloomberg
The acquisition sees Binance re-enter the South Korean market, having closed its affiliate there in December 2020 due to low usage. Source
Bitcoin Market Sentiment Is Most Bullish in 14 Months With U.S. Jobs Report Due
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021. Source
Only Four Men Control 86% of All Tether (USDT) Assets in 2018
Tether CTO has rejected WSJ’s investigative report calling it a “clown article”. The report highlights the massive concentration of USDT control in the hands of a few. On Thursday, February 2, the Wall Street Journal published an investigative report highlighting the highly polarized distribution of USDT control by Tether founders. This is yet another report over the years of allegations put on Tether, which operates the world’s largest USDT stablecoin with $68 billion in circulation. The documents refer to the 2021 probes of Tether by the New York Attorney General…
Mastercard NFT Product Lead Quits, Says He Felt Neglected
The Product Lead at Mastercard said that he was a victim of harassment & emotional distress caused by a series of mismanaged processes, miscommunication, and internal inefficiency. On Thursday, February 2, Satvik Sethi – the non-fungible tokens (NFT) product lead at Mastercard – resigned from his role while minting his resignation letter from the global payments giant, in the form of an NFT. In a series of tweets, Sethi explained his decision of leaving adding that it “wasn’t easy”. Sethi further explained that he would continue to focus and also…
eBay Opens Multiple NFT Roles amid Its Expansion into Web3 Space
With the current open NFT-related roles, it is clear that eBay will further explore the Web3 space. While tech companies are struggling and laying off employees to cut spending, e-commerce giant eBay Inc is hiring. Recently, eBay has opened a list of positions for roles related to the non-fungible token (NFT) technology and Web3 space. The initiative reflects eBay’s focus on KnownOrigin.io, an Ethereum-powered digital art marketplace acquired by eBay back in June 2022. Interested in joining our team? You’re in luck!We have multiple new positions now available. For more information please visit:https://t.co/TLhs7gf6Qb#NFTs #eBay #KnownOrigin —…