The Central Bank of Nigeria, under Buhari’s administration, issued a digital naira in October 2021 to encourage electronic payments and rival the adoption of private cryptocurrencies in the country. Nigeria’s tech-savvy, young population made the nation one of the fastest crypto adopters in the world, despite attempts by the government to put a damper on use. Source
The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation. On Feb. 28, Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee reportedly stating the company’s founders proposed selling the business as a better option for creditors than liquidating the firm. According to a report by Bloomberg, Lee said that he and Hodlnaut’s other co-founder Zhu Juntao have reached out to a number of “potential white knight investors.” Lee reportedly wrote that Hodlnaut co-founders are confident…
Despite SEC reporting delays, crypto miner Marathon should see its Q4 2022 revenue triple quarter-over-quarter. According to reports, Marathon Digital Holdings, Inc (NASDAQ: MARA) expects to post $38.4 million in revenue for Q4 2022. Although this sum triples what the crypto miner made in the preceding quarter, it is still down from the $60.3 million made in the year-ago period. Marathon Digital Q4 2022 Details Marathon’s net loss estimates for the fourth quarter of last year also appear better. For instance, the digital asset tech company should sustain a net…
Despite its less-than-impressive performance, HP gave a bullish forecast for the current quarter saying it expects its adjusted diluted earnings per share to be in the range of $0.40 to $0.50. American multinational tech giant and computer hardware manufacturer, HP Inc (NYSE: HPQ) has released its Q1 2023 results showing mixed performance across the board. According to the company’s release, it recorded a total net revenue of $13.8 billion, down 18.8% from the year-ago period with adjusted earnings coming in at 75 cents per share. According to HP, this earning…
In its Q4 2022 report, Rivian explained that supply chain constraints continue to affect its production capacity. Rivian Automotive Inc (NASDAQ: RIVN) recently posted its Q4 2022 earnings results, which showed mixed performances. The electric vehicle company’s revenue fell below expectations, although its adjusted loss per share fared better. Furthermore, Rivian’s production guidance for 2023 is almost twice last year’s amount but still short of the consensus estimate for the period. Nonetheless, the EV company, which saw its shares slip 8% in extended trading, remains focused on ramping up the production…
The cryptocurrency’s Wednesday bounce is consistent with the recent trend of Asian flows leading the market strength. Source
“Conflux’s recent partnership with China Telecom is a major milestone for the blockchain industry, and we believe that it demonstrates the potential for Conflux’s technology to revolutionize how we think about blockchain-enabled products and services,” DWF Labs managing partner Andrei Grachev said in a statement. Source link
The launch of MetaMask SDK in the Unity Asset Store will allow developers to connect their games to the MetaMask wallet. On Tuesday, February 28, leading game development platform Unity announced that they had tapped into Web3 while unveiling a new “decentralization” category in its online storefront. The Unity Asset Store will offer vetted solutions supporting developers interested in the technology and willing to enable decentralization in gaming. Web3 Developer Tools from Unity In this context particularly, decentralization reflects the models of ownership which will allow players to create, earn…
“Institutional clients have not really been interested in liquid staking of assets. The only interest we have seen in such assets is when clients or the public cannot have access to the native staking of a particular token,” David Cicoria, head of markets technology, at the Asia-focused Hex Trust. Source
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