Thursday, March 28, 2024
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Corporate giants may not follow MicroStrategy’s Bitcoin adoption play, Raoul Pal explains

Earlier this year, business intelligence giant MicroStrategy put $425 million of its treasury funds into Bitcoin (BTC). The move was largely seen as a big step in the right direction for mainstream Bitcoin adoption. MicroStrategy, with its CEO and founder Michael Saylor — a Bitcoin skeptic-turned bull — may not

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Hogwarts Legacy Dev Corporate Fluffs JK Rowling’s Anti-Trans Remarks

WB Games announced a Harry Potter game named Hogwarts Legacy last month.The publisher was quick to distance itself from author JK Rowling’s trans-phobic comments.The company’s president has now defended the author’s right to ‘hold her opinions’ in an internal Q&A with employees concerned about criticism of the game.The announcement of

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BitMEX Launching Services for Corporate Customers

Hong Kong-based cryptocurrency derivatives exchange BitMEX is launching a new program with benefits for its corporate clients including enhanced security service, and accounting.According to a June 22 announcement on BitMEX’s support page, the exchange is launching a new program for corporate customers, BitMEX Corporate. Accounts on the crypto exchange that

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$125 B Corporate Giant Will Use Blockchain Tech to Combat Global Warming

June 15, Unilever unveiled a $1 billion initiative aimed at fighting climate change in which blockchain technology will play an integral role.Traceability & transparencyUnilever is establishing a €1 billion ($1.13 billion) fund that over the next ten years will be used to protect the environment:“To accelerate action, Unilever’s brands will

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Corporate Bankruptcies Will Top 2008 as Distressed Debt Soars Over Half a Trillion

Nearly 100 major corporations have filed for bankruptcy. More companies are under significant financial pressure as debt soars to over $500 billion. Expect more bankruptcies in the coming months as the U.S. economy struggles to reopen. Nearly 100 major corporations have filed for bankruptcy this year. That’s happening even amid the multi-trillion-dollar government

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1000 Corporate Systems Infected With Monero Mining Malware

The Blue Mockingbird malware gang has infected more than 1000 business systems with Monero mining malware since December 2019.The global scale of the hacker group’s operations was revealed by cloud security firm Red Canary on May 26.The report outlined the group’s methodology. The malware attacks servers running ASP.NET applications and

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