Author: Press Room

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.comD2T, the crypto token for the Dash 2 Trade ecosystem, has hit yet another milestone as it nears its final total of $15,421,600 before making its public debut on exchanges tomorrow, Wednesday, January 11th.$15 Million Hit, Exchange Listings NextOn Tuesday, the Dash 2 Trade ecosystem developers confirmed that the platform’s native D2T token had crossed the $15 million threshold for capital raise. The digital asset, launched on presale late in 2022, has been one of the best-performing new coins…

Cryptocurrency exchange Coinbase is cutting 950 jobs as the industry continues to struggle in the wake of the collapse of FTX.Brian Armstrong, Coinbase chief executive, said on Tuesday that it would cut 25 per cent of its employees, to ensure that it could “weather downturns in the crypto market”.Armstrong added that the company would also be shutting down several projects where the company had a “lower probability of success”, without providing further details.The US-listed exchange becomes the latest crypto company to announce redundancies so far this year. Last week, exchange Huobi said it would cut 20 per cent of its…

The RCMP says many tips from Canada’s financial intelligence agency about possible crimes “may not get investigated” due to a lack of policing resources and conflicting priorities. The Mounties make the candid admission in a briefing note prepared for Public Safety Minister Marco Mendicino on the working relationship between the national police force and the Financial Transactions and Reports Analysis Centre of Canada, known as Fintrac.The Canadian Press used the Access to Information Act to obtain the briefing memo, which was approved by RCMP Commissioner Brenda Lucki last Sept. 1.The RCMP receives financial intelligence from Fintrac, which could shed light…

Clashes in city of Juliaca most deadly since unrest began when Pedro Castillo was removed early last month.At least 17 people have been killed in clashes in southern Peru after protests demanding early elections and the release of jailed former President Pedro Castillo resumed. The dead in the city of Juliaca, where protesters were attempting to take control of the airport, included two teenagers, the country’s human rights office said on Monday. Another person was also reported killed in the nearby city of Chucuito, where protesters blocked a highway, according to the Associated Press news agency. It was the highest…

Abercrombie & Fitch has shed its perfume-filled mall stores, shirtless models and logo sweatshirts to win over Millennials and Gen Z. It’s working. Abercrombie (ANF) said Monday that its women’s segment was on track to deliver its highest holiday sales period ever, and its men’s division was growing, too. The company lifted its fourth quarter and full-year sales and profit outlook, sending its stock up 9%. “Abercrombie was a key destination for holiday shopping,” Neil Saunders, an analyst at GlobalData Retail, said in a note to clients Monday. “This a further sign that the brand has successfully ditched the baggage…

Source: YouTube

Fame has often been described as a double-edged sword, with a delicate balancing act of perks and burdens, joys and woes, that can beguile and confound at equal rates. For TikTok, popularity is proving to be a formidable challenge, one that threatens to knock the company down from its absolute peak. The video-sharing app, which became worldwide famous during the stay-at-home days of the COVID-19 pandemic and since then evolved into a powerful tech giant on par with Silicon Valley titans, finds itself under increasing scrutiny from legislators, policy-makers and journalists around the world, who worry about the undesired side…

RECLAIMING THE MALAY VOTE In his speech at the forum, Mr Khairy also touched on how UMNO could be outflanked by the opposition PN, citing preliminary analyses of the GE15 results and a shift in the Malay vote. He said 54 per cent of the Malay vote went to PN, 33 per cent went to BN, while 11 per cent to 20 per cent went to PH. “The implication and one that is very serious, and one that is very urgent, is the fact that you have a 74-member bloc in opposition which is almost homogenous Malay-Muslim,” he said. “That…

Microsoft plans to invest $10 billion in OpenAI, the startup behind popular artificial intelligence tool ChatGPT, according to a report from Semafor.The deal is part of a funding round with other investors involved that would value OpenAI at a whopping $29 billion, Semafor reported Tuesday, citing people familiar with the matter.It isn’t clear whether the deal has been finalized but term sheets sent to prospective investors indicated the plan was to close the deal by the end of 2022, Semafor reported.Microsoft will reportedly get a 75% share of OpenAI’s profits until it makes back the money on its investment, after…

Welcome back to Energy Source. A discouraging data point in the climate fight to share today: US greenhouse gas emissions were up again last year, putting the country further behind its climate commitments under the Paris agreement, according to new data from Rhodium Group, Derek reports. But one bright spot is that Rhodium’s analysts say the Inflation Reduction Act, Congress’s big climate bill, could start to pull emissions lower as soon as later this year.The rise in emissions came in a year in which soaring fossil fuel prices overshadowed efforts to cut emissions. Crude prices have come down of late, but…