Sorare, a global fantasy football platform built on the Ethereum blockchain, has inked an exclusive licensing agreement with Italian soccer giants Juventus to launch a digital collectibles range of its star players. Ethereum-Based Fantasy Football Paris-based Sorare provides a soccer management game with digital cards representing players that fans can collect and trade. The cards
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Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Zillow — Shares of the real estate information company climbed 8% in extended trading after the company reported strong fourth-quarter financial results. Zillow had revenue of $944 million in the quarter, while analysts were expecting $815 million, according to
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Oregon House Democrats agreed to slow the progress of cap-and-trade climate change legislation to avoid a repeat of last year’s Republican walkout. Republican leaders left the state last year shutting down the budget process and threatened to use similar tactics this year because they dislike the cap-and-trade legislation. Oregon House Speaker Tina Kotek, a Democrat,
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Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Virgin Galactic’s rally began two months ago but trading in the speculative space name has recently accelerated in a way that tops even the momentum behind Tesla. Shares of Virgin Galactic rose as much as 12% in premarket trading Wednesday from its previous close
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Bitcoin’s (BTC) price volatility spiked in January and could further increase over the near term because “whales” have surfaced. The cryptocurrency’s annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Kraken’s monthly report.  Volatility rose as bitcoin’s price rallied from lows near $6,850 on Jan. 3
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A group of Telegram Open Network (TON) developers, calling themselves “The TON Community Foundation,” have submitted a court document criticizing the SEC’s prosecution of the project. The former messaging app turned blockchain developer has been embroiled in a long-running suit with the United States Securities and Exchanges Commission, which alleges that US$1.7 billion raised from
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Are two recent attacks taking advantage of “flashloans,” low liquidity and price oracle issues the first of more to come? Part of what makes decentralized finance, or DeFi, interesting to people is how it takes advantage of open-source protocols to enable types of transactions never before available. The problem, however, is financial structures mean new
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Wedbush Securities’ Dan Ives praised Tesla’s announcement on Thursday morning of a new $2 billion common stock offering. “It’s a smart, strategic move,” Ives said on “Squawk Box.” “It takes any doomsday scenario around cash crunch … off the table.” Shares of Tesla, which have skyrocketed recently, were under some pressure on Thursday after the
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The Central Bank of Russia (CBR) has formally proposed a legal framework for tokenization, but also plans to label cryptocurrency transactions as suspicious activity, it said in a press release Monday. The CBR announced it had successfully piloted a platform that allows users to tokenize assets, including equities and currencies, and issue them to investors.
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The Australian entrepreneur who claims to be the inventor of bitcoin has suggested he might take legal action against the cryptocurrency’s developer team over claimed infringement of his intellectual property. In a blog post published last Thursday, Craig Wright said while forks of bitcoin would be allowed under the open-source MIT license under which bitcoin
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Los Angeles Mayor Eric Garcetti launched an environmental plan this week that encourages the use of green bonds. He gave the city’s debt management team until December to report back on financing instruments and mechanisms, including municipal bond deals the city has already executed that have a positive climate and environmental impact. That gives the
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Tesla has a long way to go before it justifies its current stock price, New York University finance professor Aswath Damodaran told CNBC on Thursday. Damodaran, known as the “dean of valuation” for his company analyses, said the electric-auto maker would need to have revenues comparable to the Volkswagen Group in 10 years, margins similar
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VANCOUVER, Feb. 13, 2020 /CNW/ – LiteLink Technologies Inc. (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in supply chain platforms and logistic IoT sensors, is pleased to announce that Easterday Farms Produce Company (“Easterday Farms“) has transitioned from trials to become a commercial client of LiteLink’s 1SHIFT Logistics IoT cold chain sensors platform for rail freight transports. Easterday Farms
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