ASX Further Delays Blockchain Transition Until 2023

ASX Ltd, Australia’s bourse operator, has now pushed the date of its blockchain-based clearing system launch until April 2023. On Wednesday, ASX issued a statement saying that it had conclusively consulted market participants and reached the resolution to move the scheduled launch on April 2022 to now 2023. “The industry … requested substantially more post-trade processing capacity than what had been contemplated pre-COVID-19. This is in response to the extreme increases in trading volumes on the ASX platform during the most volatile period of the pandemic in March,” the company…

Root Manages to Raise $724.4 Million via IPO

Having raised substantial capital through the IPO, Root will be able to offset its $200 million debt in the near future. Root Inc, the parent company of Root Insurance Company, has raised $724.4 million through an initial public offering (IPO) after selling 26,830,845 shares of its Class A common stock at a price of $27.00 per share. According to the prospectus, the underwriters have an option of a 30-days period to purchase additional 4,024,626 shares of Class A common stocks. Shares of Root are to start trading on the Nasdaq…

ADD.XYZ Is Introducing Privacybydesign, ERC-20 Privacy Anonymizer with Yield Farming

Add.xyz relaunched in September 2020 as the first full-stack defi platform aggregating Lending, Insurance, Privacy, Governance and Staking into one platform for ease of use for users. Privacy Mixers and Yield Farming on Add.xyz For the first time, we will be implementing yield farming, in what would probably be the first real yield farming based product with a real use-case – Privacy. We have taken the first steps by designing a lending platform whereby users can use the bl3nd3r privacy anonymizer at the deposit or withdrawal stage of lending, or…

High DeFi Yields Threat to ETH 2.0 Staking, Says ConsenSys 

ConsenSys expects DeFi providers and protocols to be fair enough and provide liquid tokens that resonate with the ETH value that an investor stakes. According to ConsenSys‘s latest Q3 DeFi report, the surge of DeFi and its high yielding liquidity provision opportunities could, in the future, be a barrier to participants who want to stake as soon as ETH 2.0 Phase 0 is unveiled. Better earning opportunities that are found on decentralized finance protocols may limit staking on Beacon Chain, Ethereum’s forthcoming project. Beacon Chain launch could take place within…

Better Earnings Results, Weak Q4 Outlook, MSFT Stock Down

For the September quarter, Microsoft managed to comfortably beat Street estimates driven by a significant surge in the demand for its Azure cloud and software services. On Tuesday, October 27, software and computing giant Microsoft Corporation (NASDAQ: MSFT) announced its September quarter results beating Street estimates. The company’s cloud computing division helped to boost its revenue beyond analysts’ expectations. Microsoft reported earnings of $1.82 per share with a total revenue sales of $37.5 billion. This was above the expected earnings of $1.54 a share and sales of $35.72 billion. On…

INVIZION Holds Second Public Sale of NVZN Token on October 29

The success of the public sale will permit INVIZION to kickstart its initiative which combines blockchain technology, DeFi (Decentralized Finance) and IoT (Internet of Things) solutions. INVIZION made history recently as the first blockchain company to be presented at the United Nations Global Compact, a global event organized by the United Nations General Assembly on 22 September 2020.  INVIZION, a technology company that aims to address the global waste problem through their revolutionary waste tracking blockchain-based solutions, has announced that it is conducting a second public sale of its NVZN…

AMD Agrees to Acquire Xilinx in All-Stock Deal Worth $35 Billion

As the agreement closes in 2021 expectedly, AMD investors will possess 74% of the combined company, leaving Xilinx shareholders with 26%. Advanced Micro Devices Inc (NASDAQ: AMD), widely known as AMD, is purchasing Xilinx Inc (NASDAQ: XLNX) for $35 billion in stock. As it stands, the deal should close at the end of 2021. Being a notable firm in the industry, Xilinx will strengthen AMD against its rival, Intel, in the business of data center. AMD to Buy Xilinx for $35 Billion in Stock On the 27th of October, AMD…

Pfizer’s COVID-19 Vaccine Phase 3 Trial Expected with 42,000 People

As of now, the second of the two-dose Pfizer’s COVID-19 vaccine has already been administered to 36,000 volunteers. The last phase is a very important stage as the company will get the vaccine ready for distribution depending on the results. Pfizer has made significant progress as it crosses 42,000 enrollment to participate in its last stage of the Pfizer’s COVID-19 vaccine trial. Pfizer initially planned on amassing up to 30,000 volunteers to put its third phase of the Pfizer’s COVID-19 vaccine to test, but later decided to increase the numbers to…

Crypterium to Migrate CRPT Tokens to New Smart Contract after KuCoin Breach

Among the affected tokens there were 10 million CRPT tokens, used to power the Crypterium payment system and even pay network fees. Crypterium, a crypto card processing fintech company, has announced its plans to conduct a 1:1 swap, which will see its unaffected CRPT tokens transferred to a new smart contract for security purposes. This is according to a press release seen on October 21. The migration will boost security and prevent bad actors from using the stolen funds after KuCoin, one of the leading crypto exchanges in Asia, was…

BP Releases Profitable Q3 Results, Exceeds Analysts Expectations

Energy company BP has reported $0.1 billion in underlying replacement cost profit, surpassing analysts’ expectations of $347 million loss in Q3. Energy company BP Plc (LON:BP) has exceeded analysts’ expectations as it reported profits for the third-quarter (Q3). The earnings result, which was released on October 27th, showed that the company is beginning to rebound from recent losses. Before now, analysts at Refinitiv had predicted that BP would report a loss of $347 million for Q3. However, the energy giant reported gains in Q3 over the loss of $6.7 billion…