Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
American prosecutors are investigating the financial transactions at Jack Dorsey’s Block, the parent company of Cash App and Square, which is founded by Twitter. The prosecutors are reportedly investigating Block’s internal procedures and speaking with a former employee about the purportedly pervasive and compliance problems at Cash App and Square, according to an NBC article … Read more
Leading supplier of eco-friendly paper and packaging solutions, WestRock Company (NYSE: WRK), released its fiscal second quarter results for the quarter that ended on March 31, 2024. The results showed a combination of successes and difficulties in a highly competitive industry. The company posted a net income of $15.5 million in the current quarter, which … Read more
Today, the US authorities revealed that Yaroslav Vasinskyi, a resident of Ukraine, would spend nearly 14 years in prison for planning a string of ransomware assaults. As part of his sentence, Vasinskyi must also make restitution of more than $16 million. The extent of his cybercrimes, which required ransom payments totaling more than $700 million, … Read more
Microsoft has revealed plans to extend its cloud and artificial intelligence (AI) services in Malaysia with a $2.2 billion investment spread over four years. The investment is the biggest in Microsoft’s 32-year history in Malaysia, according to a blog post. Building cloud and AI infrastructure, giving 200,000 individuals access to AI training opportunities, and assisting … Read more
As per a recent article by Bloomberg, Do Kwon, the founder of Terraform Labs, and the Securities and Exchange Commission (SEC) contested the substantial $5.3 billion penalty that was suggested in the complaint. With the argument that the majority of the company’s stablecoins were sold abroad, the corporation asked the court to impose a $1 … Read more
After hosting an unprecedented 24-hour, 12-segment ICP Global Community Townhall on “X” that garnered over 1.5 million viewers, Internet Computer (ICP) has revealed audacious aspirations for widespread adoption. Building on its impressive progress from the previous year, Internet Computer presents its ground-breaking “ICP HUBS” adoption approach, which has the potential to significantly increase adoption worldwide. … Read more
Apple is reportedly acquiring specialists from Google with the aim of expanding its own group of artificial intelligence (AI) and machine learning specialists. In a “hiring spree” over the past year, Apple reportedly recruited “dozens” of these specialists away from Google, according to a Financial Times (FT) report from April 30. According to the report, … Read more
The majority of Polygon’s [MATIC] profits from 2023 and early 2024 have been lost. Will the losses be recouped? Only a small number of the altcoins that saw significant recovery in Q4 2023 have continued to gain traction. A notable exception in both Q4 2023 and Q1 2024 was Solana [SOL]. Sadly, other altcoins suffered … Read more
Following the restaking protocol’s announcement on Monday, users who felt left out of the newly revealed Eigenlayer airdrop have taken to social media to criticize it, pointing out features like its non-transferable token structure, stringent geo-restrictions, and brief snapshot duration. In a blog post on April 29, Eigenlayer, the second-largest protocol with $15.67 billion in … Read more
Three equities are moving significantly in today’s premarket trading due to noteworthy news. Following CEO Elon Musk’s successful trip to China, where he negotiated a significant mapping agreement with Baidu for the company’s Full Self-Driving software, Tesla (NASDAQ: TSLA) shares are rising. The Redstone family and Larry Ellison have made concessions to allay investor dissatisfaction, … Read more