Coinbase’s rebrand of its Wallet into the Base App has kicked off a SocialFi surge, sending Zora's (ZORA) activity into overdrive and leading to a massive rally for its token. Zora, which lets users mint tradable tokens tied to individual social posts, saw a dramatic rise in use following the app’s July 16 rebrand. The … Read more
The overall Web3 industry witnessed a bunch of ups and downs in the year of 2023 – but in the midst of all the turmoil, it did manage to attract more attention and recorded a boom. The number of unique active wallets (UAW) that interacted with Web3 spiked by 124 percent in 2023, as per … Read more
Finnish telecom major Nokia estimates that by 2030, the demand in Internet network will explode with advanced tech like Web3, Metaverse, and Artificial Intelligence taking centre stage. Nokia, moving forward, is planning strategies to make its equipment and services capable of handling the demand load. The company will be laying special focus on bringing its … Read more
Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Shares of the Round Rock, Texas-based company rose 8 percent in extended trading. The results are the latest sign that a … Read more
President Vladimir Putin’s government is swiftly moving to regulate the crypto sector amid Bitcoin’s historic boom. In a recent development, the Federation Council, Russia’s Upper House of Parliament, approved a bill outlining the taxation framework for crypto assets. Putin has long sought to reduce Russia’s reliance on the US dollar for international transactions, and tools … Read more
Polygon, the eco-friendly blockchain ecosystem that was co-founded by three Indian technology enthusiasts in Mumbai in 2017, was valued at $20 billion (roughly Rs. 1,69,744 crore) in 2022. Sandeep Nailwal is one of the co-founders and the COO of the blockchain firm, that competes with the likes of Ethereum and Cardano. He has been working … Read more
Sony upgraded its full-year net profit forecast on Wednesday, buoyed by the success of its latest Spider-Man movie and strong results in the gaming sector despite the global chip shortage. It comes as the Japanese tech giant battles for gaming supremacy with US rival Microsoft after its blockbuster acquisition of Activision. Sony already logged a … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That’s the message from the daily price chart of BlackRock’s Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout. … Read more
Nvidia became the world’s most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology. Shares of the chipmaker climbed 3.5 percent to $135.58, lifting its market capitalization to $3.335 trillion (roughly Rs. 2,78,15,901 crore), just days after overtaking iPhone maker … Read more