CWEB Business News
Watch: Novogratz questions why SBF is a free man after tremendous FTX fraud
Galaxy Digital CEO Mike Novogratz has questioned why Sam Bankman-Fried is a free man, despite the massive fraud committed by FTX under his watch as CEO....
- / 5 days ago
On Saturday, in a court filing, cryptocurrency exchange FTX said that it owes 50 creditors roughly $3.1 billion. The exchange, which filed for bankruptcy on November 11 in Delaware, USA, also stated that its top 10 creditors were owed nearly $1.45 billion. The filing did not name the creditors and...
- / 1 week ago
As the football fever reaches its pitch on Sunday, when the first game of the World Cup 2022 will kick off in Qatar, Web3 fans can also enjoy the games in their favorite lounges on blockchain based virtual worlds. There will also be non-fungible token (NFT) powered trading games, branded...
On Tuesday, Walmart reported third quarter sales at stores that have been open for a year or more. The report announced an annual US sales growth of 8.2 percent. This unexpected growth that was higher than that of analysts’ estimates and sent the big box retailer’s stock soaring by 6...
Sam Bankman-Fried, who stepped down as CEO of FTX on Friday after the business filed for Chapter 11 bankruptcy, lost his entire crypto empire in an epic collapse this week. Twitter’s new owner Elon Musk said that he never trusted SBF. FTX meltdown/ransack being followed in real-time on Twitter stated...
Walmart has ushered in its first Black Friday deals online from Monday and today, Wednesday 9, 2022 the first group of Walmart Black Friday deals are available at thousands of stores across the nation. After staying indoors these past two years due to the pandemic, now is the time to...
Robinhood shares fell by 14 percent, on Tuesday after the FTX fallout. FTX founder Sam Bankman-Fried has a roughly 7.5 percent stake in Robinhood, making him one of the company’s large shareholders. Crypto exchange Binance proposes to takeover FTX, which is suffering from a liquidity crunch. According to the Wall...
A recent report stated that social media platform Twitter that is headed by Elon Musk will introduce its new verification process after the midterm elections in the U.S. There have been updates about the changes that will be implemented after the takeover by Musk, who is currently the only member...
- / 3 weeks ago
According to the government report released on Friday, hiring in the past month was roughly at the same level as it has been for the two or more years since the pandemic recession ended. After reaching a five-decade low of 3.5%, the jobless rate increased to 3.7%. Total nonfarm payroll...
Blockchain startup Chain has inked a deal with Miami Heat. The Web3 company will be the team’s “official Web3 and blockchain infrastructure partner.” The deal with the NBA giant is for an undisclosed amount that will involve advertising and promotional activities. Earlier Chain had inked a deal with NFL’s New...
Analysts at Oppenheimer provided their outlook on DraftKings Inc. (NASDAQ:DKNG) ahead of the upcoming Q3 earnings, expecting the company to report better-than-expected revenue figures. Despite the solid start into football, the company continues to trade more on rising interest rates that are penalizing longer-duration assets without near-term earnings. The analysts...
U.S. social media companies such as Meta and Snap saw a spike in their shares after a report said that a Federal Communications Commissioner said that the popular short video social app TikTok should be banned by the U.S. government. Shares of Meta rose by 2.2 percent and of Snap...
- / 4 weeks ago
Blockchain that was developed by IBM and SAP about five years is now called Web3 and is growing by leaps and bounds due to influx of huge funds by Venture Capitalists. VC funds have pumped in hundreds of millions of dollars including seed funds into startups and other tech companies...
- / 4 weeks ago
Three giants in their own fields–French beauty company L’Oréal, French business school HEC and American social media giant Meta have come together to launch a metaverse startup accelerator, in Paris. Five startups, not necessarily from the beauty industry, will receive support . They will be hosted at Meta’s space in...
For the second quarter ended June 30, 2022, Genius Brands International, Inc. (“Genius Brands”) (NASDAQ: GNUS), a multinational brand management company that develops, produces, broadcasts, and licenses children’s entertainment content, reported financial results and gave an investor business update. Shares of Genius Brands are now trading higher following the company’s...
As the markets and millions of consumers wait for the launch of an iPad Pro with the M2 chip, Apple has not as yet made a formal announcement. However, analysts always guess the launch date or hear from sources familiar with the matter and propose a launch date, before the...
On Wednesday, Sridhar Ramaswamy is launching a new Web3 startup called nxyz. The new company will make it easier to search the blockchain. Ramaswamy was the lead of Google’s advertising business from 2013 to 2018 and has raised $40 million in a funding round, for his newest startup. CNBC reported...
- / 1 month ago
Google Play presents people with personalized collections of apps and games, based on criteria such as the user’s past activity, actions they’re trying to complete, location, and major events. These collections are curated automatically by the Google Play editorial team to ensure they include the best apps and games on offer....
On Monday, Amazon said that it will be spending $972 million to expand its fleet of electric vehicles in Europe. This investment will increase the size of its fleet in the continent to 10,000 in the next three years. The e-commerce giant current operates 3000 thousand vehicles in Europe. The...
Web3 continues to attract investment from big companies in finance, entertainment, luxury goods, automotive and more
Web3 can no longer be considered as a future based technology as the future is here when we look at all the big global companies who have already invested and made their presence felt in the newest version of the World Wide Web (www). Web3 is no more the kid...
A new iPhone feature recognized the collision and dialed 911 alerting authorities to a fatal vehicle accident in Nebraska. The incident, which claimed the lives of six persons, was described by emergency personnel as the “worst crash” they had recently witnessed in the area. Last month, Apple unveiled the new...
Do Kwon, the founder of Terraform Labs, had his passport canceled by South Korean officials on Thursday. After the collapse of terraUSD and luna erased billions from the cryptocurrency market, the conflict between Kwon and the South Korean government has only gotten worse. While the cryptocurrency entrepreneur adamantly claims he...
On Monday, the Financial Stability Oversight Council of the Treasury Department published a comprehensive study on digital assets. To prevent cryptocurrencies and digital asset trade from jeopardizing U.S. financial stability, the report made a number of recommendations. The council lobbied for laws requiring more rigorous regulation of cryptocurrency. The FSOC...
Two global corporations announced a collaboration, on September 29, 2022. Warner Music Group (WMG) and OpenSea said that select artists of WMG will be provided with a platform on the OpenSea marketplace; to build as well as to extend their fan base in Web3. These artists of WMG, would get...
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