The company, whose customers use the platform to trade stocks, options and crypto, made cuts as it adjusts to a slowdown in customer trading activity, the WSJ said. The number of active traders had dropped to fewer than 11 million in May, down from a peak of 21 million a month in second-quarter 2021, according to the newspaper. Crypto trading volume for May fell 68% from a year earlier, the company said. Source
The inaugural class of 10 designers includes fashion house Pet Liger, fashion artist Stephy Fung, photographer GlitchofMind, digital artist Calvyn Dylin Justus, spatial computing artist Taskin Goec, visual artist Fanrui Sun, fashion brand Nextberries, 3D artist Gustavo Toledo, footwear designer Felipe Fiallo and immersive creator Jacquelyn Assar. Source
The Bank of England (BoE) has made significant developments in its central bank digital currency (CBDC) program. Tom Mutton, director of fintech at the BoE, recently shared insights on the privacy aspect of the CBDC and why the central bank might look for other options beyond blockchain as the underpinning technology. Mutton, during his interview, said that during a recent meeting of technologists hosted by the BoE to discuss digital pound design, there was a clear disagreement on which ledger should be used for the CBDC. Thus, the bank aims to…
Microsoft earned a solid 19% increase in operating income, demonstrating its capacity to increase profitability. In a bold statement made to executives and board members last year, the Chief Executive Officer (CEO) of Microsoft Corp (NASDAQ: MSFT) Satya Nadella revealed the company’s ambitious plan to achieve $500 billion in revenue by the fiscal year 2030. This target represents a significant target and is more than double Microsoft’s current size. It showcases the company’s unwavering commitment to innovation and growth. As reported by CNBC, the comments surfaced recently during Microsoft’s Federal…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has registered impressive despite a predominantly bearish atmosphere. Amid this trend, a recent analysis by a CryptoQuant market observer suggests the return of smart investors in the market, which could signal the start of a bull run. The potential resurgence of these investors after a period of dormancy has piqued the interest of market participants. Is the smart money coming back? “The market often sees a cycle of “Stupid money” participating late after the…
A Vienna-based car-sharing service company has outfitted nearly half of its 200+ fleet of cars with blockchain-based self-sovereign IDs for tokenization purposes. The car-sharing service ELOOP and peaq, a Web3 network for the Economy of Things, announced on June 27th that 100 Teslas have been tokenized via the peaq network. The blockchain integration allows users to own a fraction of the fleet and share the revenue the cars generate from daily rideshare operations. Cointelegraph spoke with the co-founders of Eloop, Nico Prugger, and peaq, Leonard Dorloechter, in Vienna about decentralized…
Arbitrum, meanwhile, has surged by 33.2% in the past 12-days as activity on the layer 2 blockchain continues to mount. Total value locked (TVL) on Arbitrum-based platforms like GMX and Radiant has increased by 12.5% and 9.3% in the past seven days, according to DefiLlama, as traders demonstrate an appetite to capture DeFi yields. Source
The SEC recently tagged many of the tokens as ‘unregistered securities,’ and the allegations have landed a huge blow on the tokens. Solana (SOL), Polygon (MATIC), Cardano (ADA), and some other tokens have collectively lost about 15%, or $5 billion, of their market capitalization within the month. This is according to CoinMarketCap data. However, the loss may be directly linked to the recent actions of the US Securities and Exchange Commission (SEC). The SEC recently tagged many of the tokens as ‘unregistered securities,’ and the allegations have landed a huge…
Pixion plans to put the funds towards Fableborne, the studio’s action-based role-playing game that allows players to interact with on-chain assets built atop the Avalanche network. Kam Punia, founder and CEO of Pixion Games, told CoinDesk he’s hoping to grow the game by building out its tech stack as well as hiring for roles across the leadership team. Source
Binance and its legal team filed a motion to have the SEC stopped from stating that CZ and the exchange had commingled users’ funds. The ongoing litigation between Binance Holdings Limited and the United Securities and Exchange Commission (SEC) is slated to have a huge impact on the cryptocurrency industry in the region. Crypto firms that operated in a similar manner as the Binance ecosystem – including staking as a service, crypto custodial services, and token listing for trading – clearly understand whatever the court rules for the exchange will…