FTX Gaming will offer a "crypto-as-a-service" platform, which will allow gaming companies to launch tokens and offer support for NFTs. It will operate the service through its U.S. affiliate FTX U.S. As per DappRadar, there were 398 active blockchain games as of Jan'22, up 92% from a year previously. There are 2 billion-plus gamers in the world who have played with and collected digital items.
Open FlipThe rating agency ICRA expects strong business prospects of domestic solar original equipment manufacturers (OEMs) fueled by several policy measures over the medium term. Many domestic OEMs were seen announcing sizeable capital expenditure to expand the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders.
Open FlipA sharp decline was noticed on Monday as U.S. stock futures and European stocks were trading in red with markets remaining nervous that Russia could invade Ukraine despite attempts to defuse the crisis. U.S. markets were on holiday on Monday, but futures still traded. S&P 500 stock futures plunged erasing some earlier gains.
Open FlipAn interim dividend of Rs 3,878.67 crore has been paid by the State-run power giant NTPC for the financial year 2021-22. The dividend paid is 40 per cent of the paid-up equity share capital of the company. NTPC has been paying the dividend for the 29th consecutive year. The total installed capacity of the company stands at 67,832.30 MW.
Open FlipApple is working on introducing several new Macs later in 2022. These gadgets including the MacBook Pro, MacBook Air, Mac Mini, and iMac Pro, are expected to be powered by a mix of Apple M1 and a new M2 chip. The 13-inch MacBook Pro, Mac Mini, 24-inch iMac and a redesigned MacBook Air may get incorporated with the new M2 chip which will replace the M1 chip.
Open FlipGerman producer prices spiked in January at their fastest rate since modern records began and witnessed an upward boom of 25% thus extending a run of sharp increases, which is likely to keep businesses under financial stress and consumer inflation high. Statistics show that this rise was due to spiraling energy costs, which the BDI industry association said were threatening to hamper an economy.
Open FlipHero MotoCorp Chairman and CEO Pawan Munjal have a piece of advice for organisations amid a volatile and uncertain environment that has damaged the effectiveness of old ways of operating businesses. He said that companies need to adapt to new models and unconventional thinking going ahead because COVID-19 led challenges in the supply chain call for sea changes in operating practices.
Open FlipNifty50 gyrated about 300 points at the end of another volatile session on Monday. Metal, pharma, FMCG and auto stocks experienced a sell-off today whereas certain IT and private banks restricted losses. The benchmark index witnessed a Doji kind of indecisive pattern formation on the daily charts. A Doji candle suggests indecisiveness exists among the bulls and the bears.
Open FlipUkrainian authorities said they had encountered online warnings that hackers had malafide intentions of launching major cyber attacks on government agencies, banks, and the defense sector on Tuesday. Ukraine has been bearing the brunt of a string of cyberattacks in recent weeks, which Kyiv has blamed on Russia.
Open FlipFutures took a tumble despite news of a tentative Biden-Putin summit that eased fears of a Ukraine invasion. The stock market rally took some mighty blows last week, with the major indexes below key support. While Dow futures opened Sunday evening, as usual, U.S. markets will be non-functional on Monday in observance of the Presidents Day holiday.
Open FlipOver the past 24 hours, Bitcoin was nearly 2% down and trading at $37,600. It traded hands near $45,000 for much of last week but plunged below $40,000 on Friday. Smaller peer Ether was slightly more buoyant, down 0.8% to just above $2,600. The token underpinning the Ethereum blockchain network bottomed out around $2,500 Sunday after beginning its slide from nearly $3,000 at the end of last week.
Open FlipThe ED raided Indiabulls Finance Centre after a complaint of money siphoning against Indiabulls Housing and promoter Sameer Gehlot was taken up by them. However, the company's counsel wrote to ED claiming the company has got a stay order from Delhi HC on Monday. Notably, Shani Services plunged 20% while Indiabulls Real Estate was down 15% post this event
Open FlipWhatsApp has beta-tested a new interface for voice calls for select users on iOS devices. The new interface is said to carry waveforms for group voice calls. This new feature first hit the world in December and was rolled out for select Android beta testers. The instant-messaging platform is looking to roll out a redesigned interface for a group call.
Open FlipThe Finance minister of Russia stated that it would take into account the proposals on cryptocurrencies from the country’s central bank. A dispute heated up in the country over the regulation of cryptocurrency as the finance ministry submitted legislative proposals to the government that clashed with the central bank's demand for a blanket ban.
Open FlipMan Group report “Views From the Floor – Is Crypto Just a Rate Sensitive Risk Asset?” suggests that increasing inflation and the prospect of higher interest rates have “eroded the theoretical value of long-dated cash flows." The move led to underperformance for both the Nasdaq and the ARK Innovation ETF. The report further stressed Bitcoin further drove a correlation of 0.44 to the Nasdaq index.
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