Business Financial News

07.02 / 17:05

business SEC Tesla Bitcoin Tesla held $2B of Bitcoin as of late 2021, SEC filing reveals

Elon Musk’s electric vehicle maker Tesla was holding about $2 billion worth of Bitcoin (BTC) by the end of 2021, according to official records.

07.02 / 17:05

business defi Sport Football Former Manchester United players to launch soccer-centric DAO

Former Manchester United legends Gary Neville and Paul Scholes are teaming up to launch a one-of-a-kind sports-centric DAO (decentralized autonomous organization) that would allow fans to make investments alongside these legends.

07.02 / 13:05

business Technology Auto Drop Passenger vehicle retail sales drop 10% in January as chip shortage continues: FADA

Passenger vehicle retail sales declined 10 per cent year-on-year in January 2022, as the companies continued to suffer production loss amid semiconductor shortage, automobile dealers’ body FADA said on Monday.

07.02 / 13:05

business companies Auto Maruti Suzuki opens bookings for new Baleno

Maruti Suzuki India (MSI) on Monday said it has commenced bookings for the new version of its premium hatchback Baleno. Customers can book the new Baleno with a payment of Rs 11,000, the auto major said in a statement.

07.02 / 08:39

business Technology Audi Auto Audi weighing local production of EVs in India

German luxury carmaker Audi is evaluating the feasibility of producing electric vehicles locally in India while it seeks to reach threshold volumes for such a step to be successful, according to a senior company official.

07.02 / 08:39

business BSNL asset monetisation plan: Land assets bid fails to gather adequate response: Report

Bidding for sale of non-core assets of state-run telecom Bharat Sanchar Nigam (BSNL) has failed to gather “adequate response”, against an expectation of raising at least Rs 470 crore through land assets, Business Standard reported.

07.02 / 08:39

business Technology Volkswagen Auto NOT Volkswagen does not see chip shortage ending this year

Volkswagen does not expect the global shortage of semiconductors to end this year although it should further ease slightly in the second half, a board member was quoted as saying by industry magazine Automobilwoche.

06.02 / 10:33

business Blockchain Adoption US Treasury targets NFTs for potential high-value art money laundering

The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financing operations.

05.02 / 09:29

business Congress Bitcoin Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking

Twitter co-founder and Block (previously Square) CEO Jack Dorsey discussed the implications of a Bitcoin (BTC)-powered universal basic income (UBI) strategy with US congressional candidate and a full-time elementary school teacher, Aarika Rhodes.

05.02 / 03:47

business Technology Auto Hero financing Hero Electric ties up with Axis Bank to offer retail financing solutions

Hero Electric on Thursday said it has tied up with Axis Bank to offer retail financing solutions for its entire product portfolio.

05.02 / 03:47

business Technology Tesla Tesla recalls 817,000 vehicles in US over seat belt reminder alert

Tesla Inc is recalling more than 817,000 vehicles in the United States because an audible alert may not activate when a vehicle starts and the driver has not buckled the seat belt, a US auto safety regulator said.

05.02 / 03:47

business Technology Auto Power Tata Power to set up EV charging stations at commercial & passenger vehicle zones of Apollo Tyres

Tata Power has partnered with Apollo Tyres to deploy electric vehicle charging stations at the latter’s commercial and passenger vehicle zones across India.

04.02 / 19:25

business Facebook NFT Majority of US consumers say no to Meta owning metaverse data: Survey

A survey of 1,000 United States consumers around growing interest in the metaverse has revealed some interesting results.

04.02 / 18:11

business Blockchain VC funding Blockchain startups grow as global VC funding generated $25.2B in 2021

Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went to global blockchain startups last year, demonstrating a 713% increase from $3.1 billion in 2020.

04.02 / 17:20

business Sport NFL to offer virtual NFT tickets at Super Bowl in Los Angeles

The NFL officially announced Wednesday that each fan who attends Super Bowl LVI in Los Angeles on Feb. 13 will receive a unique customized NFT.

04.02 / 17:20

business Ethereum Binance Bitcoin phishing scam Scam alert! Binance CEO warns users of massive SMS phishing scam

Binance CEO Changpeng Zhao has alerted the crypto community against a 'massive' SMS phishing scam targeting Binance customers.

04.02 / 14:37

business stocks Wall Street Bitcoin Social platform behind ‘retail short squeeze’ launches crypto trading

Investor-focused social media platform Stocktwits, which gained popularity during last year’s ‘retail short squeeze’ frenzy involving GameStop and AMCTheaters, rolled out its own crypto trading services on Thursday.

04.02 / 08:23

Dogecoin business Altcoin Tezos Shiba Inu Deal Tezos scores $27M deal with Man United, Baby Doge backs Hoffenheim

Manchester United, one of the world’s most popular soccer (or football) teams is reportedly set to announce a multi-year training kit sponsorship by Proof-of-Stake blockchain platform, Tezos.

04.02 / 08:07

business Art New York State A metaphor? NYC 'solid gold cube' crypto promo turns out to be hollow

The “solid gold cube” crypto promo that surfaced in New York this week has turned out to be hollow on the inside, with onlookers online lampooning the stunt as an appropriate critique of the extravagant promises of crypto and blockchain tech.

04.02 / 05:57

business Facebook virtual reality Meta Platforms share price Rise of Web3: Metaverse tokens surge as Meta’s share price plunges

Meta Platforms, the parent company of Facebook, saw the largest single-day slide in market value for a U.S. company ever with a 26% fall in share prices on Thursday after the tech giant revealed disappointing earnings and a decline in daily active users.

04.02 / 04:51

business NFT Investments reports valuation Reports Bored Ape creator in talks with A16z: Potential valuation $5B

Silicon Valley tech VC Andreessen Horowitz (A16z) is reportedly eying an investment in Bored Ape Yacht Club creator Yuga Labs, with a reported valuation as high as $5 billion.

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