South Korea’s financial regulator, the Financial Services Commissions, approved Kakao Pay’s request on February 5. This approval now enables the company to acquire a controlling 60% stake in a local brokerage firm, Baro Investment & Securities, The Korea Herald reports. After the acquisition, the stock trader was renamed to Kakao Pay Securities. Lee Dong-Yoon, an analyst from KB Securities, commented: Dong-Yoon recommends that investors should ‘buy’ on the Kakao stock....

The significant contract was given to LTTS as a result of the company’s extensive domain experience and engineering leadership in transportation technology, as well as the company’s demonstrated capacity to provide one-of-a-kind possibilities to scale up current projects and undertake new ones. L&T Technology team of engineers will be providing services in the areas of software build and integration, infotainment validation, and defect management, primarily for the family of hybrid BMW vehicles....

The firm tried to control the costs arising from the 230,000 plus lawsuits by filing for a Chapter 11 in its subsidiary Aearo Technologies, which made the troublesome earplugs, the cause of the lawsuits. According to a report by Bloomberg, the court ruled against 3M, which has since filed a complaint against the ruling. During an investor conference, the firm’s chief legal affairs officer claimed that Aearo’s Chapter 11 was not an attempt to avoid any liability on their part regarding the earplug case but rather an attempt by the company to provide efficiency in compensation for those entitled to it....

Chandrasekera highlighted that the U.S. tax code should act as a nonbusiness bad debt write-off for the investors but does not guarantee the entire recovery of the lost money, CNBC reported on July 6. No qualified investor The lending platforms halted withdrawals citing challenges with liquidity, and Chandrasekera notes that investors could only qualify if the ‘totally uncollectible’ status is achieved. Some crypto lending companies have readjusted their business to free up funds through restructuring operations and adding separate lines of credit....

Meanwhile, the algorithms based on machine learning technology over at the cryptocurrency tracking website PricePredictions have set the price of Stellar at $0.082476 on January 31, 2023, as per the platform’s latest data retrieved by Finbold on January 11. According to the algorithm, which draws insights from technical analysis (TA) indicators such as the moving average (MA), moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and others, this result would represent a 2....

The Business Development team for Artificial Intelligence and Emerging Technologies is seeking to build out its future Web3 strategy. In particular, the job role will “lay the foundation to support and inform Microsoft’s Web 3.0 strategy,” as per the posting on the company’s website on February 7. Furthermore, the role involves providing guidance to the executive team on important technological and product roadmap decisions as well as planning and implementing Microsoft’s web 3....

The job posting published on the company’s website on June 6 indicates that the successful candidate would be part of the Microsoft Cloud for Industry Growth and Expansion Team (MCIGET). Under this role, the primary task will be to ‘bring clarity, generate energy and deliver success for Microsoft in blockchain and crypto.’ Additionally, other responsibilities entail interacting with external blockchain and crypto ISVs to build on the Microsoft Cloud. The candidate will also be responsible for assisting in refining the general Microsoft blockchain and crypto strategy and execution....

Ahead of the results, Microsoft is on the verge of a critical milestone of hitting the elusive $2 trillion valuations with the current market capitalization standing at $1.9 trillion. The firm’s valuation comes amid strong stock performance that is up 17% this year. In the last 12 months, the stock has risen by an impressive 47%. Wall Street analysts project that Microsoft earnings will be $1.58 a share with sales of $38....

Through the United States Patent and Trademark Office (USPTO), the company, on February 18, 2022, filed for a trademark for NFTs. The NFTs will focus on downloadable virtual goods in beverages, food, supplements, sports, gaming music, and apparel. The second trademark focuses on downloadable virtual food, drinks and clothing. The virtual products will be offered through an online retail store featuring other virtual goods like supplements. The USPTO has also approved Monster Energy’s trademark on stores featuring NFTs and digital assets....

The Grand Prix of Red Bull Ring – Spielberg, will be formally known as the CryptoDATA Motorrad Grand Prix von Osterreich, as CryptoDATA Tech will take top billing at the Grand Prix as a title sponsor, as per a press release by MotoGP on July 25. In particular, the crypto tech firm offers products and services with distinctive cybersecurity characteristics suitable in a variety of fields owing to the integrated features based on blockchain tech and encryption while also being eco-friendly....

Indeed, NFT and blockchain-related trademarks in the United States surpassed 6,000 from January 1 until September 30, according to the data and chart published by trademark and patent attorney Michael Kondoudis (The Law Office of Michael E. Kondoudis) on October 5. Interestingly, the 2021 total was 2,142, just under three times less than this year’s nine months. As for 2022, the most productive month was March, when 1,080 new NFT trademarks were registered....

In May, SHIB’s total number of transactions stood at 207,647, the lowest value in the last 14 months, according to data from blockchain analytics website bloxy.info. The drop in transactions has aligned with the downward trajectory recorded in recent months. In this line, between January 2022 and May 2022, the transaction plunged by over 26%. Over the last 14 months, the highest transaction was recorded in October last year at 1....

As part of a pair of blockchain-related announcements made on Thursday, January 6, the Australian Open is making history, according to Gizmodo. Besides a collection of 6,776 NFTs dubbed “Art Ball NFTs” there will be small plots on the tournament court’s surface. The NFTs will be associated with every winning shot from the tournament’s 600 matches, and owners will get an airdrop including film of the point, virtual wearables, and Australian Open merchandise, among other things....

Following the menacing national address, West Texas Crude (WTI) spiked by 3.2% touching as high as $86.62 per barrel, over fears that these developments will lead to tighter oil and gas supply. While the European Union banned seaborne imports of Russian crude from December 5, further tightening of supply could lead to demand destruction. Giovanni Staunovo a commodity analyst at UBS Group stated “supply disruption concerns are supporting oil.” Further, Saudi Aramco CEO recently claimed that the main culprit for high energy prices is under-investment in oil and gas exploration and production, not just the war in Ukraine....

In particular, Ethereum has seen an inflow of over $20 billion into its market capitalization across the last seven days. When you compare the market value of the DeFi asset on March 10 to the current overall market value of ETH, which stands at $332.17 billion at the time of publishing on March 17, you get a total inflow of $20.45 billion, according to statistics from CoinMarketCap. Presently, Ethereum is trading at $2,768 up 3....

In the first week of 2022, the market has lost about $230 billion from $2.25 trillion as of December 31, 2021, to $1.9 trillion on January 7, 2022, according to data provided by CoinMarketCap. The drain in the capital has been led by mega-cap tokens like Bitcoin and Ethereum. Market analysts have linked the crash to the Federal Reserve tapering measures amid high inflation. The crash began in December after the Fed hinted at more decisive measures to tackle rising inflation, resulting in negative investor sentiment....

According to data acquired by Finbold, Sony’s Playstation 5 has generated an estimated $3.8 billion in revenue from selling about 8.6 million consoles with an average price of $449.99 per unit. Microsoft’s Xbox X/S revenue stands at an estimated $2.04 billion globally, selling 5.12 million units at an estimated $399.99 per console price. Cumulatively, both consoles generated revenue of about $5.92 billion. Comparatively, the PlayStation sold 3,520,000 PS5 units more than Xbox’s X/S series consoles....

In this case, new data highlights the extent of crypto scams’ impact on users, with bad players adopting new means to defraud unsuspecting investors. In particular, over the last five years, cryptocurrency-related scams have cost users over $20 billion, with rug pulls emerging among notable tricks used by scammers, new data by crypto analysis platform Chainalysis indicates. For instance, in 2021, cryptocurrency scams resulted in a loss of about $7....

The agency’s report places Motorola Edge in the top spot emitting 1.79 watts per kilogram, with Axon 11 5G ranking second at 1.59 watts per kilogram. OnePlus 6T ranks third at 1.55 watts per kilogram, followed by Sony Xperia XA2 Plus at 1.41 watts per kilogram. Elsewhere, Google’s Pixel 3 XL/3a XL and Pixel 4a occupy the fifth and sixth spot at 1.39 and 1.37 watts per kilogram, respectively. Oppo’s Reno 5G also makes a list at 1....

According to Revolut, the product dubbed Payday allows employees to draw down 50% of their salary as they earn and instantly transfer the funds into their accounts. The feature that serves as an alternative to credit cards and short-term credit is limited to the UK market. However, the company is planning to expand to the rest of Europe and the United States. Notably, not all users will access the Payday feature because businesses need to integrate with Revolut first....