Standard Chartered Bank has become the latest major bank to enter the metaverse, partnering with The Sandbox, to create a metaverse experience Standard Chartered Bank (SCBHK), a leading international banking group, has announced a new partnership with The Sandbox, a leading decentralised gaming virtual world, to create innovative experiences for clients and its community. It is […]
The remarkable increase in adoption of cryptocurrencies over the last two years has laid the foundation for one of crypto’s loftiest promises. The possibility of modernizing our existing payment system, upgrading traditional rails toward faster speed, lower cost, heightened security and reliability and increased access for everyone. We are just now approaching the combination of […]
Stocks fell Tuesday as a steep decline in technology stocks deepened Wall Street’s losses after a brutal start to 2022. The Dow Jones Industrial Average closed with a loss of 809 points Tuesday, falling 2.4 percent. The Nasdaq composite closed with a loss of 4 percent and the S&P 500 index fell 2.8 percent by […]
Elon Musk will have to pay Twitter a $1 billion termination fee if he doesn’t go through with his $44 billion acquisition of the social network, announced on Monday, per a new SEC filing. The filing, which details the terms of the agreement, indicates Twitter would have to pay the same fee under specific circumstances. The billionaire tech […]
Coinbase launched its long-awaited NFT marketplace this week and the response was… underwhelming. While news reports took note of its novel Instagram-style design and social media features, much of the coverage was dripping with snark. Bloomberg asked, “Is Coinbase’s new NFT platform the answer to its growth problems?” and cited an analyst who proclaimed the […]
U.S. labor officials are petitioning a federal court to force Starbucks to bring back activist employees who they say were removed for their union campaigning, according to a Friday filing. The National Labor Relations Board’s Phoenix chief is seeking an injunction against Starbucks that would require it to reinstate three employees that were allegedly illegally […]
Netflix surprised the world this week, saying it plans to finally address the rampant practice of password sharing. More than 100 million households are using a shared password, Netflix said Tuesday, including 30 million in the U.S. and Canada. But the video streamer doesn’t plan to simply freeze those shared accounts. Instead, the company will likely favor […]
The Lapsus$ hacking group stole T-Mobile’s source code in a series of breaches that took place in March, as first reported by Krebs on Security. T-Mobile confirmed the attack in a statement to The Verge, and says the “systems accessed contained no customer or government information or other similarly sensitive information.” In copies of private […]
Global oil demand will drop by 1.4 million barrels per day, according to the latest forecast by Rystad Energy on Friday cited by the National. The 1.4 million bpd loss would sink oil demand to 99.6 million bpd on average, below 2019 levels of 100.2 million bpd. And a rebound in this demand isn’t expected […]
Verizon Communications lost fewer-than-expected monthly phone subscribers in the first quarter, a sign the wireless carrier is benefiting from its hefty investments in expanding 5G services and new broadband networks. The company on Friday reported a loss of 36,000 monthly phone subscribers in the quarter, compared with Factset estimates of a loss of 49,300. Verizon […]
Elon Musk has registered three companies in Delaware under the name “X Holdings” to support his bid to buy Twitter and take the social media giant private. According to a filing with the Securities and Exchange Commission on Wednesday, X Holdings I would serve as the parent company overseeing a potential transaction, while X Holdings […]
Mortgage rates surged past 5% this week, marking the seventh consecutive week of mortgage rate increases, according to new data from Freddie Mac. The average 30-year fixed-rate mortgage increased to 5.11% annual percentage rate (APR) for the week ending April 21, according to Freddie Mac’s Primary Mortgage Market Survey. This is up from last week’s […]
