UBS to buy Credit Suisse for $3.2 billion to avoid further bank turmoil
Mar 21, 2023 23:19 pm UTC| Economy Business Investing
Banking giant UBS is buying Credit Suisse for $3.2 billion without the approval of shareholders to prevent the latters collapse and further turmoil in global banking, according to Swiss President Alain Berset. The deal...
NFT: Playboy loses $4.9M after accepting Ethereum as NFT Payments
Mar 21, 2023 10:53 am UTC| Business Digital Currency Investing
Playboy Group started accepting Ethereum for NFT purchases however, it ended up losing $4.9 million after allowing this form of payment. As of December 2022, the company is said to have a net carrying value of digital...
Metaverse: Hyundai Department Store to debut its metaverse duty-free store
Mar 21, 2023 08:38 am UTC| Business Digital Currency Investing
Hyundai Department Store Duty Free (HDDFS) announced last week it had signed a memorandum of understanding (MOU) with OlimPlanet for a deal related to the metaverse business. OlimPlanet is a Seoul-based metaverse...
NFT: Polygon, Salesforce team up to launch NFT Loyalty Program
Mar 21, 2023 07:20 am UTC| Business Digital Currency Investing
Polygon and Salesforce have come together to launch an NFT loyalty rewards system. The San Francisco-headquartered cloud-based software companys collaboration with a blockchain company is another one of its major...
NFT: Meta terminates support for NFTs on Facebook, Instagram
Mar 17, 2023 06:58 am UTC| Business Digital Currency Investing
Meta Platforms is abandoning its NFT push, and this was confirmed by the companys head of commerce and financial technologies, Stephane Kasriel, this week via social media post. He said they are winding down digital...
Metaverse: KT launches Genieverse metaverse platform in beta
Mar 15, 2023 09:01 am UTC| Business Digital Currency Investing
KT Corp. finally rolled out its metaverse platform called the Genieverse this week. The company is planning to add more content in this virtual space, like artificial intelligence (AI) motion dance and AI avatar messages,...
NFT: Nissan Motor files four trademarks for NFTs and Metaverse
Mar 14, 2023 10:05 am UTC| Business Digital Currency Investing
Nissan Motor Co. Ltd. has filed applications for four new trademarks related to the Metaverse and non-fungible tokens (NFTs). These are Web3 trademarks and trial sales in the virtual world for its Nissan brands, Nismo...
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