Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Mikesmith3,
where do you see token price projections of $17 for jasmy? i have read the Jasmy press releases at their corporate site and tried to find it on reddit...
Can Jasmy ecology be helped grow and promoted by Jasmy Grant serving geeks and targeting at their ideas?
by News BTC April 12, 2023 in Reading Time: 5 mins read
Where are the billions of potential users in the encryption industry? Except for the third world countries short of financial tools, like Africa and Latin America, having missed the Web2 wave yet now actively accepting Web3, Japan with a large population base is usually overlooked.
In fact, since the new Japanese government took office in 2021, the new Prime Minister Fumio Kishida has elevated Web3 as a national strategy to spare national efforts to promote it.
Jasmy as the “national blockchain project” in Japan has become the most popular and concerned concept project in the Japanese market and the hidden possibilities gradually emerge in 2023.
Jasmy: Japan’s National Blockchain Project
Jasmy is a real “encryption veteran” with broad market, though not well known in the field.
Founded in Tokyo, Japan in 2016 by Kazumasa Sato, a former Sony employee, Jasmy has always focused on developing and providing data security and services sharing in the metaverse and Internet of Things (IoT) era, with the vision of helping users to own their data and monetize it at will.
With Jasmy technology, metaverse applications built on the Internet can exchange data directly between themselves, while generating decentralized storage solutions suitable for themselves.
Making Web3 a national strategy since 2022, The Japanese government, has repeatedly highlighted that the metaverse and NFT will boost Japan’s economic growth through measures, such as approving a series of reform policies on Web3 and establishing specially a post of Web3 minister to promote NFT and DAO.
That’s why the importance and popularity of Jasmy has been rising since last year and the implications are self-explanatory.
Meanwhile, the AI boom sweeping the world since 2023 has made popular a large number of so-called “AI concept” projects. In the previous roadmap for 2023, Jasmy has already take the lead to plan to develop an AI engine and to steadily step into the AI era as of 2023...
https://www.newsbtc.com/press-releases/can-jasmy-ecology-be-helped-grow-and-promoted-by-jamsy-grant-serving-geeks-and-targeting-at-their-ideas/
Apple turns to longtime Steve Jobs disciple Phil Schiller to defend its ‘walled garden’
Wednesday, March 27, 2024 9:33 am
7 Comments
Apple Fellow Phil Schiller, Apple’s former chief marketing officer and longtime Steve Jobs acolyte has emerged as one of the most ardent public defender of the company’s “Walled Garden” ecosystem.
Aaron Tilley for The Wall Street Journal:
[Apple’s ecosystem is] a vision of electronic devices that work seamlessly together and protect user security and privacy.
Once seen as a virtue, Apple’s vision has increasingly come under attack, from regulators in the Justice Department, the European Union and other jurisdictions as well as from rivals…
In legal filings, public announcements and courtrooms, Apple has made it clear that it isn’t going to go down without a fight, and more often than not, Schiller has been the one to deliver the message.
“I have no qualms in saying that our goal is going to always be to make the App Store the safest, best place for users to get apps,” Schiller recently told Fast Company. “I think users — and the whole developer ecosystem — have benefited from that work that we’ve done together with them. And we’re going to keep doing that.”
Although Schiller retired from his role as chief of marketing in 2020, he continues as an “Apple Fellow,” a transition that led some Apple watchers to wonder whether he was close to retirement. Instead, he has become the public face of Apple’s efforts to defend itself…
People close to Schiller describe his three main hobbies as cars, Boston sports teams and Apple, where he is still known to work nearly 80 hours a week, respond to emails almost immediately and answer phone calls at any time.
“Of the people still at Apple, he is one of the few that still carry the torch of Steve Jobs’s vision,” said Tim Bajarin, a longtime Apple analyst who has known Schiller since his return to the company.
MacDailyNews Take: Kudos to those left at Apple who carry the torch of Steve Jobs’ vision!
Related
Phil Schiller in damages retrial: Samsung’s slavish copying has effectively diluted Apple’s brand
Friday, November 15, 2013
In "News"
Apple shifts TV ads production in-house as rift widens with TBWA\Chiat\Day
Thursday, June 5, 2014
In "News"
Apple CEO Steve Jobs ‘bet the company’ on iPhone says Phil Schiller at patent infringer Samsung’s damages trial
Friday, November 15, 2013
In "News"
https://macdailynews.com/2024/03/27/apple-turns-to-longtime-steve-jobs-disciple-phil-schiller-to-defend-its-walled-garden/
Jasmy Co., Ltd. and Panasonic Advanced Technology Co., Ltd. begin collaboration to create a Web3-based platform that connects information produced by people and information produced by things.
~ Toward providing an open platform that connects people and things (IoT) ~
Jasmy Co., Ltd.
March 26, 2024 15:00
Jasmy Co., Ltd. (Headquarters: Minato-ku, Tokyo, President and CEO: Kazumasa Sato, hereinafter referred to as Jasmy) and Panasonic Advanced Technology Co., Ltd. (Headquarters: Kadoma City, Osaka Prefecture, President and Representative Director: Yusuke Mizuno, hereinafter referred to as Panasonic Advanced Technology), We are pleased to announce that we have begun collaboration in February 2024 to develop a platform that combines information generated by individuals with information generated by things and enables highly secure processing.
The Jasmy platform, including the online storage-type personal information management and usage system "Jasmy Personal Data Locker (PDL)" provided by Jasmy, and Panasonic Advanced Technology's extensive IoT know-how and experience, as well as high technological development capabilities. Through the synergy effect, we will promote the development of a platform that applies blockchain technology and IoT.
This platform incorporates agile development methods into Web3 technology and develops with an emphasis on speed. We will publish it as an open platform and aim to attract a wide range of users and use it in a wide range of fields. By using this platform, it becomes possible to develop services with high compatibility and versatility, making it possible to significantly increase the efficiency of application and service development.
Specific details of the collaboration will be announced in due course.
* Background of the collaboration
Until now, various types of information held by individuals have been held and used by IT companies via Internet services. PDL is a platform that not only stores data safely, but also allows users, who own the data, to provide and share data while maintaining security. Furthermore, the number of devices connected to the Internet is increasing at an accelerating pace, and the functions of each device are evolving in a wide range of ways. The data generated by these various devices is large and diverse. Furthermore, not only high-speed data processing and security are required, but response speed with real-time considerations is also becoming an important condition.
Furthermore, by combining ``information generated by people'' and ``information generated by things,'' we will expand the relationship between ``people and people,'' ``people and things,'' and ``things and things,'' not just through the distribution of data, but also through authority. There is a need for a perspective that builds mutual relationships with high trust through transfer and delegation. Furthermore, in order to accelerate the development of various services, there is a growing need for a platform that can be widely used by providing a development environment package (SDK) for developers in addition to providing the platform. This will create a user-oriented data utilization environment and create new value that has not been possible before, and will serve as the foundation for spreading the ``democratization of data'' around the world.
The two companies share this understanding and have come to this agreement to collaborate with the aim of combining their respective strengths and experience to quickly create a platform that will be widely used.
¦About Panasonic Advanced Technology Co., Ltd.
Panasonic Advanced Technology Co., Ltd. is an affiliated company of Panasonic Holdings Co., Ltd., and is a company whose main business is software/system development.
We are promoting innovation in the field of mobility, including the development of in-vehicle ECUs with the highest automotive safety standards, self-driving systems for construction machinery, and the development of goods transportation robots that support daily logistics. We have also commercialized solution packages such as the proprietary software package ``@mobi'' for autonomous mobile robots and the wireless emergency stop device ``@seguro wes'' that complies with functional safety standards.
In addition to mobility technology, we are also working on technology development and business development in the fields of IoT solutions, housing, medical care, and security, and aim to use our solid technological capabilities to create a future social infrastructure centered on security and safety. .
Panasonic Advanced Technology Co., Ltd. homepage: https://adtsd.jpn.panasonic.com/
¦About Jasmy Co., Ltd.
Jasmy Co., Ltd. is a company that develops and provides IoT platforms. When all things are connected to the internet, the "clothing, food, shelter, and movement" that are closely connected to people's lives will change dramatically. Jasmy's mission is to create and provide a platform that allows anyone to use things easily, safely, and with peace of mind. Nowadays, important data generated from our daily lives tends to be monopolized by a limited number of companies. One of the objectives of the Jasmy Platform is to restore data sovereignty to the original owner and allow individual data to be used safely and securely. For this reason, Jasmy will combine IoT with blockchain technology and create a platform that can be widely used across industries and industries based on unprecedented ideas.
Jasmy's team is comprised of members with diverse and rich experience in electronics, mechanics, communications, devices, system integrators, designers, etc., and we provide the optimal IoT platform for each customer around the world.
Jasmy Co., Ltd. homepage: https://www.jasmy.co.jp/
*The company names, product names, and service names mentioned in this press release are trademarks or registered trademarks of our company, each company, or each organization.
https://prtimes.jp/main/html/rd/p/000000065.000025296.html
Jasmy Co., Ltd. and Panasonic Advanced Technology Co., Ltd. begin collaboration to create a Web3-based platform that connects information produced by people and information produced by things ~
Toward providing an open platform that connects people and things (IoT) ~
2024-03-26
https://www.jasmy.co.jp/
What is crypto good for, anyway?
By Brian Armstrong / Company, March 19, 2024
Pundits frequently state that crypto doesn't have any real utility, beyond speculation and illicit activity. Yet over 50 million Americans and 400 million people globally have purchased crypto, and the best data we have from third parties says illicit activity accounts for less than 0.5% of transaction volume. So what exactly are all these people doing with it?
It's true that many are initially attracted to cryptocurrencies as an investment, and speculation has caused many to rush in. But what is the underlying idea that is driving the interest?
In the early 1970s the US (like many countries before) removed any link between the dollar and a hard commodity like gold. For over 50 years, a familiar pattern that we’ve seen throughout history has played out in the US: the government spends more than it earns because it can print money for “free”, and years or decades later, people pay the price through high inflation and stagnation.
The average person may not understand the nuances of quantitative easing and federal budget deficits, but they do notice rising prices of gas, food, and education, and they increasingly have a sense that something is amiss in our economy. In fact, 87% of Americans feel the current financial system needs an update. More than half of younger Americans use the system just sometimes or not at all.
This brings us to the first, and arguably most important, use case for cryptocurrency, which is that a cryptocurrency like bitcoin, is a return to sound money. Like gold, bitcoin is not a national currency backed by a single government. Inflation is a regressive tax in America and abroad, harming the poorest people in society the most. Bitcoin is hard money with a fixed supply, and is a solution to this problem. If inventing digitally native sound money were the only utility of crypto, it would still be a world changing technology, but that is just the start.
For the last 5+ years, the crypto industry has been hard at work building the infrastructure to update our financial system and expand the utility of crypto. The use cases are no longer future promises; they are here today. Here are a few of the most popular examples:
* Digitizing the dollar. Despite high demand for the dollar in many regions around the world, many can't open USD bank accounts, until the adoption of dollar backed "stablecoins", which now exceeds $100 billion. A digital dollar, like USDC, is essential for our global competition with China, which began investing in a digital Yuan in 2019.
* Fast, cheap, global payments. Merchants still lose about 2% on every credit card transaction, wire transfers cost $30, and many transactions in the U.S. still take days to clear. As blockchains have scaled using "Layer 2" solutions, you can now send USDC in one second, anywhere in the world, for about one cent. Dollar backed stablecoins transactions are approaching $9 trillion in annual volume (more than Mastercard, American Express, and Discover combined).
* A Business Model For Creatives. NFTs have reached over $62 billion in all time sales, and are allowing artists to have direct relationships with their fans, cutting out expensive middlemen. Whether for music, games, visual art, or video, crypto helps establish digital provenance to ensure artists get paid.
* Decentralized social media. While still early, decentralized social (or DeSo) ensures you own our own data, instead of it being controlled by big tech, and you can never be censored. Each post is digitally signed, proving who the original author is, to help combat fake content made possible with AI. Anyone can build a front end interface, using the same shared data set of all social media posts.
Crypto isn’t just a new asset class – it’s the future of money. Today’s system is clogged with middlemen, high fees, delays, and other inefficiencies that make the system hard to access and unfair.
The future of money is more open, free, efficient, and it’s powered by crypto. Crypto is the most important technology we have to update our global financial system, and it can move America forward. In fact, it's critical to ensuring the dollar's future status as a reserve currency, and America's status as a technology and financial hub.
Embracing crypto, and creating clear regulatory rules for crypto is the most patriotic thing Americans can do. If you're a crypto holder in the U.S., consider joining StandWithCrypto.org to help ensure pro-crypto candidates get elected in upcoming elections. If you're a policymaker, help drive regulatory clarity in the U.S. which protects consumers and fosters innovation. You can support bipartisan legislation like the Clarity for Payment Stablecoins Act, the Financial Innovation and Technology for the 21st Century Act, and the Responsible Financial Innovation Act. Crypto needs fit-for-purpose rules, and the time to act is now.
https://www.coinbase.com/blog/what-is-crypto-good-for-anyway?__cf_chl_rt_tk=UhAoD.2EYYmov4Pn.l5OjuYGs5pw4LmZR3tWpw0SCTI-1711478745-0.0.1.1-1663
Apple CEO Cook to dine with Xi Jinping in China this week
Monday, March 25, 2024 3:50 pm
2 Comments
CEOs of 100 or so multinational giants such as Apple CEO Tim Cook, who has plans to dine with Chinese Communist Party leader Xi Jinping this week, gathered for the two-day China Development Forum.
Chan Ka Sing for Reuters:
Apple CEO Tim Cook said last week that no supply chain is as critical to the $2.7 trillion company as China’s. Sure, the iPhone maker is shifting some of its manufacturing contracts elsewhere, but more than 75% of its 200 major suppliers still maintain production in the country.
Chinese leaders, meanwhile, seem keen to engage directly with the West’s business elite. The Wall Street Journal reported that Cook, HSBC’s Noel Quinn and others are due to dine with Xi Jinping this week, months after China’s leader broke bread with corporate titans on a visit to San Francisco.
More hazards are appearing on the dance floor, though. Washington has for several years been spearheading a campaign to exclude Chinese technology firms like Huawei and SMIC from global networks, and to prevent the country getting hold of the most advanced semiconductors. Beijing wants to delete U.S. products from its turf, too; the Financial Times reported on Sunday, for instance, that AMD and Intel microprocessors are now being phased out from government computers and servers.
The procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favour of domestic options, according to the article.
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
MacDailyNews Take: The tension in the Chinese tightrope Cook walks continually ratchets up.
https://macdailynews.com/2024/03/25/apple-ceo-cook-to-dine-with-xi-jinping-in-china-this-week/
Apple’s Worldwide Developers Conference returns June 10, 2024
March 26 2024 - 01:00PM
Business Wire
Entire conference available online for all developers, with a special event at Apple Park on June 10
Apple® today announced it will host its annual Worldwide Developers Conference (WWDC) online from June 10 through 14, 2024. Developers and students will have the opportunity to celebrate in person at a special event at Apple Park on opening day.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240326289414/en/
Free for all developers, WWDC24 will spotlight the latest iOS, iPadOS®, macOS®, watchOS®, tvOS®, and visionOS™ advancements. As part of Apple’s ongoing commitment to helping developers elevate their apps and games, the event will also provide them with unique access to Apple experts, as well as insight into new tools, frameworks, and features.
“We’re so excited to connect with developers from around the world for an extraordinary week of technology and community at WWDC24,” said Susan Prescott, Apple’s vice president of Worldwide Developer Relations. “WWDC is all about sharing new ideas and providing our amazing developers with innovative tools and resources to help them make something even more wonderful.”
Developers and students will be able to discover the latest Apple software and technologies by tuning into the keynote, and they can experience WWDC24 throughout the week on the Apple Developer app, website, and YouTube. This year’s conference will include video sessions and opportunities to engage with Apple designers and engineers and connect with the worldwide developer community.
WWDC24 will include an in-person experience on June 10 that will provide developers the opportunity to watch the keynote at Apple Park, meet with Apple team members, and take part in special activities. Space will be limited, and details on how to apply to attend can be found on the Apple Developer site and app.
Apple is proud to support the next generation of developers through the Swift Student Challenge, one of many Apple programs that seek to uplift the next generation of developers, creators, and entrepreneurs. On March 28, this year’s applicants will be notified of their status, and winners will be eligible to apply for the in-person experience at Apple Park. Fifty Distinguished Winners, who are recognized for outstanding submissions, will be invited to Cupertino for a three-day experience.
Apple will share additional conference information in advance of WWDC24 through the Apple Developer app and on the Apple Developer website.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.
NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.
© 2024 Apple Inc. All rights reserved. Apple, the Apple logo, iPadOS, macOS, watchOS, tvOS, and visionOS are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240326289414/en/
Apple Media Helpline
media.help@apple.com
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93552743/apple-s-worldwide-developers-conference-returns-j
U.S. DOJ sues Apple for allegedly ‘monopolizing smartphone markets’
Thursday, March 21, 2024 12:23 pm
36 Comments
The U.S. Justice Department (DOJ), joined by 16 other state and district attorneys general, on Thursday filed a civil antitrust lawsuit against Apple for monopolization or attempted monopolization of smartphone markets in violation of Section 2 of the Sherman Act.
U.S. Justice Department:
The complaint, filed in the U.S. District Court for the District of New Jersey, alleges that Apple illegally maintains a monopoly over smartphones by selectively imposing contractual restrictions on, and withholding critical access points from, developers. Apple undermines apps, products, and services that would otherwise make users less reliant on the iPhone, promote interoperability, and lower costs for consumers and developers. Apple exercises its monopoly power to extract more money from consumers, developers, content creators, artists, publishers, small businesses, and merchants, among others. Through this monopolization lawsuit, the Justice Department and state Attorneys General are seeking relief to restore competition to these vital markets on behalf of the American public.
“Consumers should not have to pay higher prices because companies violate the antitrust laws,” said Attorney General Merrick B. Garland. “We allege that Apple has maintained monopoly power in the smartphone market, not simply by staying ahead of the competition on the merits, but by violating federal antitrust law. If left unchallenged, Apple will only continue to strengthen its smartphone monopoly. The Justice Department will vigorously enforce antitrust laws that protect consumers from higher prices and fewer choices. That is the Justice Department’s legal obligation and what the American people expect and deserve.”
“No matter how powerful, no matter how prominent, no matter how popular — no company is above the law,” said Deputy Attorney General Lisa Monaco. “Through today’s action, we reaffirm our unwavering commitment to that principle.”
“When corporations engage in anticompetitive conduct, the American people and our economy suffer,” said Acting Associate Attorney General Benjamin C. Mizer. “Today’s action against Apple sends a strong signal to those seeking to box out competitors and stifle innovation — that the Justice Department is committed to using every tool available to advance economic justice and root out anticompetitive practices, wherever they arise.”
“For years, Apple responded to competitive threats by imposing a series of “Whac-A-Mole” contractual rules and restrictions that have allowed Apple to extract higher prices from consumers, impose higher fees on developers and creators, and to throttle competitive alternatives from rival technologies,” said Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division. “Today’s lawsuit seeks to hold Apple accountable and ensure it cannot deploy the same, unlawful playbook in other vital markets.”
As alleged in the complaint, Apple has monopoly power in the smartphone and performance smartphones markets, and it uses its control over the iPhone to engage in a broad, sustained, and illegal course of conduct. This anticompetitive behavior is designed to maintain Apple’s monopoly power while extracting as much revenue as possible. The complaint alleges that Apple’s anticompetitive course of conduct has taken several forms, many of which continue to evolve today, including:
• Blocking Innovative Super Apps. Apple has disrupted the growth of apps with broad functionality that would make it easier for consumers to switch between competing smartphone platforms.
• Suppressing Mobile Cloud Streaming Services. Apple has blocked the development of cloud-streaming apps and services that would allow consumers to enjoy high-quality video games and other cloud-based applications without having to pay for expensive smartphone hardware.
• Excluding Cross-Platform Messaging Apps. Apple has made the quality of cross-platform messaging worse, less innovative, and less secure for users so that its customers have to keep buying iPhones.
• Diminishing the Functionality of Non-Apple Smartwatches. Apple has limited the functionality of third-party smartwatches so that users who purchase the Apple Watch face substantial out-of-pocket costs if they do not keep buying iPhones.
• Limiting Third Party Digital Wallets. Apple has prevented third-party apps from offering tap-to-pay functionality, inhibiting the creation of cross-platform third-party digital wallets.
The complaint also alleges that Apple’s conduct extends beyond these examples, affecting web browsers, video communication, news subscriptions, entertainment, automotive services, advertising, location services, and more. Apple has every incentive to extend and expand its course of conduct to acquire and maintain power over next-frontier devices and technologies.
For over a century, the Department has enforced the antitrust laws against illegal monopolies, deploying the Sherman Act to unfetter markets and restore competition. As alleged in the complaint, the Department is seeking equitable relief on behalf of the American public to redress Apple’s long-running, pervasive anticompetitive conduct.
Apple Inc. is a publicly traded company incorporated in California and headquartered in Cupertino, California. In fiscal year 2023, Apple generated annual net revenues of $383 billion and net income of $97 billion. Apple’s net income exceeds any other company in the Fortune 500 and the gross domestic products of more than 100 countries.
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
MacDailyNews Take: Apple’s iPhone currently holds U.S. market share of 60.77%. Not a monopoly. iPhone currently holds worldwide market share of 24.70%. Again, not a monopoly. “Attempted monopolization” is not illegal; it’s the goal of every for-profit business.
MacDailyNews Note: In a statement to the media, Apple said the lawsuit is “wrong on the facts and the law,” and the company vowed to “vigorously defend” itself:
At Apple, we innovate every day to make technology people love—designing products that work seamlessly together, protect people’s privacy and security, and create a magical experience for our users. This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets. If successful, it would hinder our ability to create the kind of technology people expect from Apple — where hardware, software, and services intersect. It would also set a dangerous precedent, empowering government to take a heavy hand in designing people’s technology. We believe this lawsuit is wrong on the facts and the law, and we will vigorously defend against it.
https://macdailynews.com/2024/03/21/u-s-doj-sues-apple-for-allegedly-monopolizing-smartphone-markets/
Apple Pre-Market Drop Due to Antitrust Threats, Surprising Profit Boosts Micron Shares, and Latest Market Updates
March 21 2024 - 07:17AM
IH Market News
Apple (NASDAQ:AAPL) – Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Match Group (NASDAQ:MTCH), and X joined Epic Games in protesting against Apple, accusing it of violating an injunction by restricting payment options in the App Store, claiming price inflation and competition hurdles. Furthermore, the U.S. Department of Justice is preparing to sue Apple for alleged antitrust law violations, citing blocking rivals’ access to iPhone features. Apple shares are down -1.2% in pre-market trading.
Intel (NASDAQ:INTC) – Intel plans to spend $100 billion across four U.S. states to build and expand factories, driven by federal grants. CEO Pat Gelsinger aims to transform Columbus, Ohio, into an AI chip hub, with investments through 2027.
Synopsys (NASDAQ:SNPS) – Synopsys unveiled new software tools on Wednesday to streamline the design of complex systems, such as cars and data centers. Beyond chip creation, the company aims to assist customers in developing products and systems, exemplified by Tesla’s pioneering use.
Equinix (NASDAQ:EQIX) – Hindenburg Research revealed a short position in Equinix, accusing it of inflating its profitability by manipulating expenses. Allegations suggest a $3 billion increase in AFFO since becoming a REIT in 2015. Equinix is investigating the accusations.
Astera Labs (NASDAQ:ALAB) – Astera Labs’ shares surged in their trading debut, exceeding expectations by raising $713 million in the initial public offering. The gain, the largest since June 2021, reflects optimism around AI and a rebound in listings. ALAB shares are up 6.00% in pre-market trading, priced at $65.75.
Reddit – Reddit priced its initial public offering at the top of its target range, raising $748 million and giving a boost to the challenging tech IPO market. Reddit plans to use 8% of the shares to attract retail investors.
Paramount Global (NASDAQ:PARA), Apollo Global Management (NYSE:APO) – Apollo Global Management offered $11 billion for Paramount Global, boosting acquisition interest in the Paramount Pictures film studio, considered a jewel of the media conglomerate. Other suitors include billionaire David Ellison and media entrepreneur Byron Allen.
Boeing (NYSE:BA) – On Wednesday, CFO Brian West informed analysts that Boeing will keep B737 jet production below 38 per month, now requiring fully compliant fuselages from supplier Spirit AeroSystems (NYSE:SPR) at its Washington factory.
Ryanair (NASDAQ:RYAAY) – Ryanair CEO Michael O’Leary will meet with Boeing executives in Dublin to discuss delays in 737 MAX 10 deliveries and certification. He emphasizes the need for improvements in Boeing’s production systems and quality control.
Tesla (NASDAQ:TSLA) – On Wednesday, Tesla announced that most employees at its German factory rejected the IG Metall union, opting for non-unionized representation on the new workers’ council. The union still hopes to occupy most seats.
Li Auto (NASDAQ:LI) – Li Auto shares, a Chinese electric vehicle company listed in the U.S., are down 7.2% in pre-market trading after revising its delivery estimates for the first quarter, projecting between 76,000 and 78,000 vehicles, down from the previous forecast of 100,000 to 103,000, citing orders below expectations.
Exxon Mobil (NYSE:XOM), TotalEnergies (NYSE:TTE) – Suriname’s state-owned oil company, Staatsolie, began negotiations with Exxon Mobil and TotalEnergies to develop natural gas fields spanning the maritime borders of Guyana and Suriname. The goal is to transform the South American nation into a regional gas hub.
Shell (NYSE:SHEL) – On Wednesday, Shell announced the sale of its 50% stake in SouthCoast Wind Energy to joint venture partner Ocean Winds North America for an undisclosed amount. The project aims to develop offshore wind farms in Massachusetts.
Barclays Plc (NYSE:BCS) – Barclays plans to cut hundreds of jobs in its investment bank to boost profits. The restructuring includes layoffs in global markets and research. CEO Venkatakrishnan seeks to make the unit more profitable with a focus on advisory and equity underwriting.
Citigroup (NYSE:C) – Citigroup is cutting jobs in its London investment banking division, aligning with the trend of employee cuts on Wall Street due to the downturn in global trading. The cuts affect around 20 employees, mainly junior staff.
JPMorgan Chase (NYSE:JPM) – JPMorgan Chase plans to appoint Alan Ho as CEO and Rita Chan as Senior Director to lead its operations in China. These changes come amid adjustments in regional leadership, including the departure of Asia-Pacific CEO Filippo Gori.
Walmart (NYSE:WMT) – According to a Bloomberg report, Walmart, known for its low prices, is transforming its stores with attractive lighting, luxury brands, and stylish product layouts. The investments aim to attract more affluent customers without alienating its traditional value base.
Nike (NYSE:NKE) – Nike is set to report its first quarterly revenue decline in nearly two years due to a slower-than-expected boost from its direct-to-consumer strategy and falling demand in North America, while rivals like Adidas also face similar challenges.
Chipotle Mexican Grill (NYSE:CMG) – Chipotle’s shares surpassed $3,000 for the first time on Wednesday, after the board approved a 50-for-1 stock split aimed at attracting investors with its high price. The fast-casual chain has seen record growth due to steady demand for its offerings.
Alibaba (NYSE:BABA) – Former Alibaba Group CEO Daniel Zhang will join Firstred Capital as managing partner, focusing on mergers and acquisitions. After 16 years at Alibaba, Zhang seeks a new direction in investments, including technology.
Earnings
Micron Technology (NASDAQ:MU) – Micron saw a 15.9% increase in pre-market trading after beating revenue forecasts and providing a solid outlook for the future. In the fiscal second quarter, Micron reported revenues of $5.82 billion and anticipates $6.6 billion for the next period, both figures exceeding analysts’ expectations. The adjusted earnings per share were 42 cents, while analysts had predicted a 25-cent per share loss.
BioNTech (NASDAQ:BNTX) – BioNTech reported a significant decline in revenues and profits in 2023, with revenues of 3.819 billion euros and net profit of 930.3 million euros, respectively. For 2024, it projects revenues between 2.5 billion and 3.1 billion euros, aiming to launch its first cancer drug in 2026. Sales of the COVID-19 vaccine with Pfizer (NYSE:PFE) fell 54% in the fourth quarter of 2023.
Five Below (NASDAQ:FIVE) – The discount retailer faced a 12.4% drop in pre-market trading due to underwhelming financial results and bleak outlooks for the fourth quarter. Five Below reported earnings of $3.65 per share and revenue of $1.34 billion. Analyst estimates surveyed by LSEG were for earnings of $3.78 per share and revenue of $1.35 billion. Additionally, the company issued conservative guidance for both the current quarter and the full year, contributing to the pressure on its shares.
Signet Jewelers (NYSE:SIG) – Signet Jewelers reported an adjusted profit of $6.73, beating estimates, on sales of $2.5 billion, which fell short of expectations. Furthermore, the board declared a quarterly dividend of 29 cents, a 26% increase. The forecasts for sales and profits were below analysts’ expectations.
Guess (NYSE:GES) – Guess’ shares rose 11.6% in pre-market trading following strong fourth-quarter results. Guess reported adjusted earnings of $2.01 per share and revenue of $891 million. Analyst estimates surveyed by LSEG were for earnings of $1.56 per share and revenue of $856 million.
Chewy (NYSE:CHWY) – Chewy reported earnings of 7 cents per share and revenue of $2.83 billion, exceeding expectations for a 5-cent per share loss and $2.77 billion in revenue. However, the company issued conservative revenue guidance for the current quarter, and its shares are down 1% in pre-market trading.
General Mills (NYSE:GIS) – General Mills achieved adjusted earnings of $1.17 per share and revenue of $5.1 billion in the fiscal third quarter, surpassing Wall Street expectations. CEO Harmening highlighted investments in brand building and innovation, while analysts reaffirmed a conservative outlook.
KB Home (NYSE:KBH) – KB Home shares rose 2.4% in pre-market trading after reporting earnings of $1.76 per share and revenue of $1.47 billion, exceeding analyst estimates surveyed by LSEG, which had forecast earnings of $1.57 per share and $1.46 billion in revenue.
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93527725/apple-pre-market-drop-due-to-antitrust-threats-su
Coinbase Announces Pricing of Upsized Offering of $1.1 Billion of 0.25% Convertible Senior Notes Due 2030
March 13 2024 - 08:03PM
Business Wire
Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced the pricing of $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $1.0 billion. Coinbase also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $165.0 million principal amount of notes, solely to cover over-allotments. The sale of the notes to the initial purchasers is expected to settle on March 18, 2024, subject to customary closing conditions, and is expected to result in approximately $1.08 billion (or approximately $1.24 billion if the initial purchasers exercise their option to purchase additional notes in full) in net proceeds to Coinbase after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by Coinbase.
Coinbase intends to use the net proceeds from the offering to repay at maturity, or repurchase or redeem prior to maturity, from time to time and subject to market conditions, its outstanding 0.50% Convertible Senior Notes due 2026, 3.375% Senior Notes due 2028, and 3.625% Senior Notes due 2031 and for other general corporate purposes, which may include working capital and capital expenditures, and to pay the cost of the capped call transactions. If the initial purchasers exercise their option to purchase additional notes, Coinbase expects to use a portion of the net proceeds from the sale of such additional notes to enter into additional capped call transactions. Coinbase may also use a portion of the net proceeds to make investments in and acquisitions of other companies, products or technologies that Coinbase may identify from time to time.
The notes will be senior, unsecured obligations of Coinbase. The notes will bear interest of 0.25% per year payable semi-annually in arrears on April 1 and October 1 of each year, beginning on October 1, 2024. The notes will mature on April 1, 2030, unless earlier repurchased, redeemed or converted. Coinbase may not redeem the notes prior to April 1, 2027. Coinbase may redeem all or any portion of the notes (subject to certain limitations), at its option, on or after April 1, 2027 and on or before the 20th scheduled trading day immediately before the maturity date, if the last reported sale price of Coinbase’s Class A common stock exceeds 130% of the conversion price then in effect on (1) each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the trading day immediately before the date Coinbase sends the related redemption notice; and (2) the trading day immediately before the date Coinbase sends such notice, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the notes, which means that Coinbase is not required to redeem or retire the notes periodically. Subject to a limited exception, holders of the notes will have the right to require Coinbase to repurchase for cash all or a portion of their notes upon the occurrence of a fundamental change (as defined in the indenture governing the notes) at a purchase price of 100% of their principal amount plus any accrued and unpaid interest.
The notes will be convertible at an initial conversion rate of 2.9981 shares of Coinbase’s Class A common stock, per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $333.54 per share of Class A common stock, which represents a conversion premium of approximately 32.5% to the last reported sale price of $251.73 per share of Coinbase’s Class A common stock on The Nasdaq Global Select Market on March 13, 2024).
Prior to the close of business on the business day immediately preceding October 1, 2029, the notes will be convertible at the option of the noteholders only upon the satisfaction of specified conditions and during certain periods. On or after October 1, 2029 until the close of business on the second scheduled trading day preceding the maturity date, the notes will be convertible at the option of the noteholders at any time regardless of these conditions. Conversions of the notes will be settled in cash, shares of Coinbase’s Class A common stock, or a combination thereof, at Coinbase’s election.
In connection with the pricing of the notes, Coinbase entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and/or other financial institutions (the “option counterparties”). The capped call transactions cover, subject to customary adjustments, the number of shares of Coinbase’s Class A common stock that will initially underlie the notes. The capped call transactions are expected generally to reduce the potential dilution to Coinbase’s Class A common stock upon any conversion of the notes and/or offset any potential cash payments Coinbase is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions is initially approximately $503.46 per share, which represents a premium of 100% over the last reported sale price of Coinbase’s Class A common stock of $251.73 per share on March 13, 2024, and is subject to certain adjustments under the terms of the capped call transactions.
Coinbase has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Coinbase’s Class A common stock and/or purchase shares of Coinbase’s Class A common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Coinbase’s Class A common stock or the notes at that time. In addition, Coinbase has been advised that the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Coinbase’s Class A common stock and/or purchasing or selling Coinbase’s Class A common stock or other securities of Coinbase in secondary market transactions following the pricing of the notes and from time to time prior to the maturity of the notes (and are likely to do so during the relevant valuation period under the capped call transactions or following any early conversion of the notes, any repurchase of the notes by Coinbase on any fundamental change repurchase date, any redemption date or any other date on which the notes are retired by Coinbase, in each case if Coinbase exercises its option to terminate the relevant portion of the capped call transactions). This activity could also cause or avoid an increase or a decrease in the market price of Coinbase’s Class A common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of the notes, it could affect the number of shares of Class A common stock, if any, and value of the consideration that noteholders will receive upon conversion of the notes.
The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act by means of a private offering memorandum. Neither the notes nor the shares of Coinbase’s Class A common stock potentially issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from such registration requirements.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the notes or any shares of Class A common stock potentially issuable upon conversion of the notes and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.
About Coinbase
Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” including, among other things, statements relating to the completion of the offering, the potential effects of entering into capped call transactions, and the expected use of proceeds from the offering. Statements containing words such as “could,” “believe,” “expect,” “intend,” “will,” or similar expressions constitute forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether or not Coinbase will consummate the offering, prevailing market conditions, the anticipated use of the net proceeds of the offering, which could change as a result of market conditions or for other reasons, the impact of general economic, industry or political conditions in the United States or internationally, and whether the capped call transactions will become effective. The foregoing list of risks and uncertainties is illustrative, but is not exhaustive. For information about other potential factors that could affect Coinbase’s business and financial results, please review the “Risk Factors” described in Coinbase’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the “SEC”) and in Coinbase’s other filings with the SEC. Except as may be required by law, Coinbase undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240313516156/en/
Press: press@coinbase.com
Investors: investor@coinbase.com
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93484712/coinbase-announces-pricing-of-upsized-offering-of
Apple set to expand Apple Vision Pro availability to many more countries soon
Thursday, March 14, 2024 12:25 pm
No Comments
Based on code discovered by MacRumors, Apple will soon add 12 new languages to the virtual keyboard on the Vision Pro, which is currently only sold in the U.S. (launched on February 2, 2024). The company is expected to expand Apple Vision Pro availability to many more countries soon.
Aaron Perris for MacRumors:
The code indicates the following languages will be added:
• Cantonese, Traditional
• Chinese, Simplified
• English (Australia)
• English (Canada)
• English (Japan)
• English (Singapore)
• English (UK)
• French (Canada)
• French (France)
• German (Germany)
• Japanese
• Korean
It’s likely that these language additions hint at the countries where Apple will launch the Vision Pro next, including Australia, Canada, China, France, Germany, Japan, Singapore, South Korea, and the UK. Hong Kong and Taiwan are also potential candidates.
?
MacDailyNews Take: Finally!
https://macdailynews.com/2024/03/14/apple-set-to-expand-apple-vision-pro-availability-to-many-more-countries-soon/
Crypto: Meme Coins Dominate Crypto Market, Bitcoin Surpasses $67K, and Latest News
March 04 2024 - 01:02PM
IH Market News
Rise of Bitcoin and impact on the crypto market
On Monday, Bitcoin (COIN:BTCUSD) approached its record value, with an increase of almost 6,8%, reaching $ 67.479. Ether (COIN:ETHUSD) also saw a modest increase of 1.6% to $3,581. After a weekend pause, both cryptocurrencies resumed their upward momentum, driven by the introduction of new bitcoin ETFs and increasing demand. This movement reinforces a trend where major price fluctuations occur during the week, rather than over the weekend. The long-term outlook remains optimistic, especially with the post-halving supply reduction and growing adoption of ETFs.
“Even in its historical maximum region, BTC has not yet shown signs of fatigue. The main way to identify a price reversal is by an increase in supply while the price rises, which is not happening. Even after several days of strong gains, demand continues to be much greater than supply. According to on-chain data, approximately 87% of bitcoins purchased at this time are not for sale! This is the same percentage we saw, for example, when BTC was at $20k. I believe we will reach $80k quite easily, and who knows, end the year at $100k,” commented analyst Fernando Pereira from Bitget.
Moreover, enthusiasm in the cryptocurrency market was amplified by significant gains in related stocks and a resurgence in interest in meme coins.
Meme coins steal the spotlight with impressive gains
Meme coins overshadowed other assets this week, with Pepecoin (COIN:PEPEUSD) soaring 37.2% on Monday alone, accumulating a weekly appreciation of more than 490%. This movement followed the wave of enthusiasm generated by Dogecoin (COIN:DOGEUSD) and Bonk (COIN:BONKUST), pushing the trading volumes of these thematic tokens to new records of $3.6 billion, with weekly gains of 109% and 275% respectively. In comparison, SHIB appreciated 252% in the last 7 days, even with new updates in its ecosystems.
DeFi at the forefront of crypto revitalization, according to Bernstein
Bernstein Research predicts a strong rebound in the cryptocurrency market, with decentralized finance (DeFi) leading this recovery. The report highlights that DeFi, considered the future of blockchain finance, will recover significantly. Six of the top ten revenue-generating protocols belong to the DeFi sector, such as Uniswap (COIN:UNIUSD) and Aave (COIN:AAVEUSD). Unlike the past, where the sector was marked by unsustainable yields, a real return and clearer regulation are now expected, which could attract major asset managers to consider DeFi ETFs and active funds, further promoting the growth and adoption of the sector.
Tether USDT approaches $100 billion in market value
The stablecoin Tether (COIN:USDTUSD) is nearly reaching $100 billion in market value for its USDT stablecoin, after a 9% increase this year. This growth was driven by the recent issuance of 1 billion USDT by Tether Treasury, intended to replenish the Ethereum network, according to Tether CEO Paolo Ardoino. This advance reflects the growing interest from investors and the use of USDT as a hedge against currency volatility in developing countries, in addition to the preference for USDT on the Tron network, due to lower transaction fees, contributing to its expansion in the market.
BitMEX reports significant flows in GBTC and Bitcoin ETFs
In early March, for the first time since February 21, BitMEX recorded net outflows, highlighted by a withdrawal of $140 million in one day, influenced by a $492 million reduction in the Grayscale Bitcoin Trust (AMEX:GBTC), one of the largest daily movements ever seen. Despite these considerable outflows, the reduction in Assets Under Management (AUM) of GBTC was relatively moderate, falling from $28.6 billion to $27 billion, thanks to the appreciation of Bitcoin since the ETF’s launch in January. Its annual fee revenues reach $398 million, surpassing the new ETFs. Meanwhile, the BlackRock ETF (NASDAQ:IBIT) had modest inflows of $203 million on March 1, raising its total to $8 billion, equivalent to about 165,000 Bitcoins.
Morgan Stanley seeks to include Bitcoin in institutional funds
Morgan Stanley (NYSE:MS), a banking giant and wealth manager, plans to incorporate Bitcoin into its institutional funds, as revealed in a document to the SEC. The strategy includes investing indirectly in Bitcoin through ETFs in 13 investment vehicles, with a maximum allocation of 25% in Bitcoin ETFs. The bank highlights risks similar to direct investments in cryptocurrencies, while expanding the adoption of recently launched spot Bitcoin ETFs.
Worldcoin attracts millions of users despite privacy concerns
Worldcoin (COIN:WLDUSD), co-founded by Sam Altman, is expanding rapidly, reaching almost 4 million users in less than a year, even facing questions about privacy. The project, which uses iris scanning to validate human identity, has integrated with platforms like Minecraft and Reddit. Despite scrutiny over data collection practices in various regions, including South Korea, the WLD token maintained its value, benefiting from advances by OpenAI, a sister company of the project.
Ether.Fi invests heavily in the security of the Omni Network
Ether.Fi announced an investment of $600 million in Ether to support the security of the Omni Network, a blockchain developed to facilitate communication between various Ethereum rollups, ensuring low latency and security. The commitment is part of the EigenLayer security model, with the Ether being reinvested in this platform. As part of the agreement, the Omni Network will include the Ether.Fi eETH token (COIN:EETHETH) in its list and select its node operators for the validated service. This Ether deposit will serve as a guarantee against potential security failures. This move follows a recent $23 million fundraising by Ether.Fi and highlights the growth of the liquid staking market, driven by EigenLayer, where the total value locked (TVL) jumped to $10 billion.
Bitdeer unveils new Bitcoin mining chip
Bitdeer Technologies (NASDAQ:BTDR), based in Singapore, announced the successful development of an innovative Bitcoin mining chip, SEAL01, with 4-nanometer technology, intended for its future Sealminer A1 platform. This chip, promising an energy efficiency of 18.1 J/TH, aims to improve performance and reduce energy consumption, benefiting the environment and lowering operational costs. The launch date of the platform remains undefined.
Ark Invest reduces stake in Coinbase
Last week, Ark Invest sold 217,305 shares of Coinbase (NASDAQ:COIN), valued at $44.7 million, from its ARK Innovation ETF (AMEX:ARKK), adjusting the composition of the fund in light of COIN’s appreciation. On Wednesday alone, 86,298 shares were traded, exceeding $17 million. This move comes in a context of strong performance by Coinbase, whose shares rose 31% in the week and 72% in the month, despite a recent technical issue on the platform.
Coinbase executive challenges judicial decision on crypto assets
Paul Grewal, legal chief of Coinbase (NASDAQ:COIN), questioned the relevance of a judicial decision that defined certain crypto assets as securities, related to an insider trading case involving former Coinbase employees. The decision stemmed from the actions of Ishan Wahi, accused by the SEC of leaking information about future listings. Grewal argued that decisions made in absentia have little precedential value and criticized the SEC’s approach of not directly confronting those who could refute its claims.
Binance under investigation in Nigeria for financial allegations
Binance CEO Richard Teng was summoned by a committee of the Nigerian House of Representatives to discuss allegations of money laundering and terrorism financing by March 4. The summons follows the detention of two Binance executives in the country, amid accusations by the Nigerian central bank of contributing to an economic crisis by facilitating the exit of $26 billion in untraceable funds. Authorities are considering a fine of up to $10 billion, while the committee threatens action if Binance fails to appear.
Fraud alert in Hong Kong against BitForex
The Hong Kong regulatory authority issued an alert about BitForex, suspected of fraudulent activities, after the cryptocurrency platform went offline on February 23, with allegations of withdrawing $57 million from its wallets. BitForex, previously warned in Japan for operating without registration, faces scrutiny in Hong Kong, a region seeking leadership in digital assets while combating fraud. The commission called for police action following reports of users being locked out of their accounts.
Russian Alfa-Bank advances in the use of digital assets
Alfa-Bank, a major Russian bank, is set to launch an innovative Digital Financial Asset (DFA), tracking four main assets in Russia. The new asset, issued on the bank’s “A-Token” platform, will cover stocks, bonds, gold, and money market instruments. Developed in collaboration with Alpha Capital Asset Management, the DFA “Evergreen Portfolio” aims to offer attractive returns and stable capital growth to investors. This initiative reflects Russia’s advancement in digital assets, balancing potential gains with market volatility mitigation.
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93414441/crypto-meme-coins-dominate-crypto-market-bitcoin
Coinbase up 6.5% in premarket amid Bitcoin rally
March 04 2024 - 08:29AM
IH Market News
Shares of Coinbase Global (NASDAQ:COIN) moved in lockstep with Bitcoin’s gains which surpassed the $65,000 mark on Monday.
The recently approved Bitcoin exchange-traded funds (ETFs) and the upcoming April halving propelled the world’s largest digital token to its two-year high.
The company stock surged 6.5% to sell at $218.19 apiece at 7:46 am ET.
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93412095/coinbase-up-6-5-in-premarket-amid-bitcoin-rally
European Union Imposes First Antitrust Fine on Apple Over Music Streaming Practices
March 04 2024 - 08:10AM
IH Market News
The European Union has imposed its inaugural antitrust fine against American technology behemoth Apple (NASDAQ:AAPL), amounting to nearly $2 billion.
The fine was levied for violating the bloc’s competition laws by preferentially promoting its own music streaming service at the expense of competitors. According to the European Commission, the executive arm and principal antitrust authority of the 27-nation bloc, Apple prohibited app developers from adequately informing iOS users about alternative and more affordable music subscription services available outside of the app.
Margrethe Vestager, the EU’s competition commissioner, highlighted the illegality of Apple’s actions in a press conference, emphasizing the adverse impact on millions of European consumers. The commission accused Apple of engaging in such practices for almost a decade, leading to consumers paying inflated prices for music streaming subscriptions.
This 1.8 billion-euro penalty follows an extensive investigation initiated by a complaint from Spotify, the Swedish streaming service, five years prior. The European Union has been at the forefront of global efforts to regulate Big Tech companies, having previously imposed multibillion-dollar fines on Google and charged Meta with distorting the online classified ad market. Additionally, the commission has launched a separate antitrust probe into Apple’s mobile payment service.
In response, Apple has criticized the commission and Spotify, announcing its intention to appeal the fine. The company disputed the commission’s findings, arguing that the decision was made without substantial evidence of consumer harm and failed to acknowledge the competitive and rapidly expanding market landscape. Apple also pointed out Spotify’s significant market share in Europe’s music streaming sector and its extensive interactions with the commission, suggesting that the decision unfairly benefits Spotify while entrenching its dominant market position.
The commission’s initial investigation focused on Apple’s requirement for app developers selling digital content to use its proprietary payment system, which incurs a 30% commission on all subscriptions. However, the focus later shifted to Apple’s restrictions on app developers from informing users about cheaper subscription payment methods outside of the apps.
The investigation revealed that Apple prevented streaming services from disclosing subscription costs outside their apps, including links to alternative subscriptions or emailing users about different pricing options.
This fine coincides with the impending implementation of new EU regulations under the Digital Markets Act (DMA), set to take effect this week, aimed at curbing the dominance of tech companies in digital markets. The DMA introduces specific regulations for “gatekeeper” companies, including Apple, Meta, Google’s parent Alphabet, and TikTok’s parent ByteDance, with the threat of significant fines for non-compliance.
Apple has already outlined its compliance measures with the DMA, including allowing iPhone users in Europe access to third-party app stores and enabling developers to offer alternative payment systems. Additionally, in response to a separate antitrust investigation into its mobile payment service, Apple has committed to opening its tap-and-go mobile payment system to competitors.
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93411974/european-union-imposes-first-antitrust-fine-on-app
Apple unveils the new 13- and 15-inch MacBook Air with the powerful M3 chip
March 04 2024 - 08:00AM
Business Wire
The world’s most popular laptop is better than ever with even more performance, faster Wi-Fi, and support for up to two external displays — all in its strikingly thin and light design with up to 18 hours of battery life
Apple® today announced the new MacBook Air® with the powerful M3 chip, taking its incredible combination of power-efficient performance and portability to a new level. With M3, MacBook Air is up to 60 percent faster than the model with the M1 chip and up to 13x faster than the fastest Intel-based MacBook Air.1 And with a faster and more efficient Neural Engine in M3, MacBook Air continues to be the world’s best consumer laptop for AI. The 13- and 15-inch MacBook Air both feature a strikingly thin and light design, up to 18 hours of battery life,1 a stunning Liquid Retina® display, and new capabilities, including support for up to two external displays and up to 2x faster Wi-Fi than the previous generation. With its durable aluminum unibody enclosure that’s built to last, the new MacBook Air is available in four gorgeous colors: midnight, which features a breakthrough anodization seal to reduce fingerprints; starlight; space gray; and silver. Combined with its world-class camera, mics, and speakers; MagSafe® charging; its silent, fanless design; and macOS®, MacBook Air delivers an unrivaled experience — making the 13-inch model the world’s bestselling laptop and the 15-inch model the world’s bestselling 15-inch laptop. Customers can order starting today, with availability beginning Friday, March 8...
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93411625/apple-unveils-the-new-13-and-15-inch-macbook-air
Coinbase to Participate in the Morgan Stanley Technology, Media and Telecom Conference
February 28 2024 - 08:05AM
Business Wire
Coinbase Global, Inc. announced today that Brian Armstrong, Co-Founder and CEO, and Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 6, 2024 at 3:35 p.m. PT / 6:35 p.m. ET.
A live webcast and replay of the virtual session will be available on Coinbase’s Investor Relations website at https://investor.coinbase.com.
Disclosure Information
Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our X feed (@coinbase), our Facebook page, our LinkedIn page, our YouTube channel, and Brian Armstrong’s X feed (@brian_armstrong) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD.
About Coinbase
Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including for trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. Together with the crypto community, we also advocate for responsible rules to make the benefits of crypto available around the world.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240228185032/en/
Press:
press@coinbase.com
Investor Relations:
investor@coinbase.com
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93378351/coinbase-to-participate-in-the-morgan-stanley-tech
Investors impatient as Apple conspicuously lags in generative AI
Thursday, February 29, 2024 9:15 am
3 Comments
Apple CEO Tim Cook has been repeatedly asked the same question by investors: What is Apple doing about generative artificial intelligence? His answer: We’re working on it. It’s coming real soon now.
AAPL investors are getting impatient.
Aaron Tilley for The Wall Street Journal:
On Wednesday, Cook once again sought to address the investor concerns, as he has on every quarterly earnings call for the past year.
“We’ve been investing and innovating in AI for many, many years,” he said at the annual shareholder meeting, pointing out several areas where Apple already uses the technology. He added: “We also see incredible breakthrough potential for generative AI, which is why we’re currently investing significantly in this area.” Apple is expected to release generative-AI features in its software at its annual developer conference typically held in June.
MacDailyNews Take: The stalling for time is painfully apparent.
Apple, for years one of the most beloved stocks held by famed investors such as Warren Buffett, has had the weakest stock performance in the past year among its big tech rivals. A slowdown in the company’s core iPhone business has played a major role, but a lack of new artificial-intelligence products has also been a factor.
Microsoft has overtaken Apple as the most valuable company in the world earlier this year, a lead it looks poised to maintain for some time. Among large tech companies, Microsoft has found itself in the lead position in generative artificial intelligence as the largest investor in OpenAI, the startup behind ChatGPT.
MacDailyNews Take: Apple’s time a having a caretaker CEO to milk products and services conceived and created under Steve Jobs will, hopefully, draw to a close sooner than later. For AAPL investors, shares of Apple closed yesterday at $181.42 or 59-cents less than it closed over two years ago on January 3, 2022.
See also:
• Work on Apple Vision Pro began under Steve Jobs – August 23, 2023
• Contrary to popular belief, Steve Jobs knew about Apple Watch – February 13, 2023
With better management, Apple should be worth at least a trillion more than Microsoft currently. But, you can’t achieve those sort of results when you do things like miss transformative technologies like AI because you lack a visionary leader and have to resort to spending and scrambling madly trying to catch up to whatever you’ve blindly missed. – MaDailyNews, January 12, 2024
The difference between an operations guy following a static playbook — reacting to events instead of determining them — versus a visionary genius becomes ever more apparent with each passing year. – MacDailyNews, March 8, 2023
See also:
• Apple acquired 32 AI startups in 2023, the most among major tech companies – February 8, 2024
• Gene Munster: Apple stock likely to get a boost when ‘good enough’ generative AI arrives later this year – January 9, 2024
• Apple caught flat-footed on generative AI; company preps AI features for devices, software – October 23, 2023
• Apple posts number of job listings seeking generative AI talent – May 22, 2023
• Apple reportedly to ‘re-examine’ Artificial Intelligence development – March 8, 2023
Siri’s launch in 2011 made Apple an early entrant in consumer-focused AI products, but the company has since fallen behind in recent years. Siri struggled to keep up with rival voice assistants from Amazon and Google in accuracy and usefulness.
Android competitors have begun introducing new artificial-intelligence features into phones. Rival smartphone-maker Samsung Electronics has recently introduced its latest high-end Galaxy phones that takes advantage of some of the latest advancements in generative AI, with features such as translating languages in real time on phone calls, summarizing notes and editing photos.
MacDailyNews Take: Again, Apple is clearly not as innovative as it was under Steve Jobs who even started the company’s work on Apple Watch and Apple Vision Pro, but the company — thanks to Jobs and Cook’s subsequent management of iterations of products and services conceived during Jobs’ tenure — now has more than enough money to make up for Cook’s lack of vision.
Tim’s not a product person, per se. – Steve Jobs
If Apple can manage to train its generative AI in an unbiased way – a big IF – Apple will be just fine in generative AI soon enough. The company has an install base of more than 2.2 billion active devices in the hands of the highest quality customers; even “good enough” generative AI will be just fine. Anything above and beyond that will just be icing on the cake!
Until it gets another visionary leader (fingers crossed; Apple’s history has shown – cough, Sculley, Spindler, cough – that the next CEO could be far, far worse than the very competent caretaker Cook), Apple can afford to miss things like generative AI – which they clearly did – and then use its huge war chest to catch up – which they’re doing right now (fun times and 80-hour weeks inside Apple Park!) – and, hopefully, surpass rivals (or at least be as good). Apple will very likely unveil their catch-up work within months (this June at WWDC 2024) in iPhones (and iPads, Apple Watches, etc.) with built-in on-device generative AI and other new AI-driven features. – MacDailyNews, February 14, 2024
Related
Apple CEO Tim Cook still hasn’t introduced a mega-hit and investors are growing impatient
Wednesday, November 23, 2016
In "News"
Don’t blame Tim Cook for Apple’s stock price fall
Tuesday, April 23, 2013
In "News"
Is it time for Tim Cook to leave Apple?
Monday, December 30, 2013
In "Opinion"
https://macdailynews.com/2024/02/29/investors-impatient-as-apple-conspicuously-lags-in-generative-ai/#google_vignette
Apple pulls the plug on its electric car, killing decade-long, multi-billion dollar effort
Tuesday, February 27, 2024 3:05 pm
32 Comments
Apple is abandoning one of the most ambitious projects in the history of the company, pulling the plug a decade-long, multi-billion dollar effort to build an electric car, Bloomberg News reports citing “people with knowledge of the matter.”
Mark Gurman for Bloomberg News:
Apple made the disclosure internally Tuesday, surprising the nearly 2,000 employees working on the project, said the people, who asked not to be identified because the announcement wasn’t public. The decision was shared by Chief Operating Officer Jeff Williams and Kevin Lynch, a vice president in charge of the effort, according to the people.
The two executives told staffers that the project will begin winding down and that many employees on the team working on the car — known as the Special Projects Group, or SPG — will be shifted to the artificial intelligence division under executive John Giannandrea. Those employees will focus on generative AI projects, an increasingly key priority for the company.
The Apple car team also has several hundred hardware engineers and car designers. It’s possible that they will be able to apply for jobs on other Apple teams. There will be layoffs, but it’s unclear how many.
MacDailyNews Take: The writing has been on the wall for electric vehicles for some time now. Even Tim Cook’s Apple can now finally read it.
What we have here is a company that was once led by a visionary who set the agenda for entire industries, now led by a reactive caretaker who heard somewhere that VR headsets and electric cars were the next big things (probably read it in Wired), so that’s what he had Apple do, while completely missing artificial intelligence, especially generative AI, and now is scrambling to catch up to something Steve Jobs would have focused on long before anyone ever even heard of OpenAI.
Steve Jobs bought Siri in April 2010. Steve Jobs would never have ignored Siri, basically let it rot, for well over a decade and counting. Steve Jobs would have made Siri the first conversational generative AI assistant years before anyone else. And the company would today be worth at least a trillion dollars more than it is currently. (Yes, we’re lowballing that estimate.)
Tim’s not a product person, per se. – Steve Jobs
See also:
• Apple said to be spending ‘millions of dollars a day’ on generative AI to supercharge Siri – September 7, 2023
• Apple’s Siri turns ten, still acts like a two-year-old – October 4, 2021
• Former Apple employees reflect on Siri’s ‘squandered lead’ over Amazon Alexa and Google Assistant – March 14, 2018
Clearly, Apple is not as innovative as it was under Steve Jobs, but the company — thanks to Jobs’ work and Cook’s subsequent management of iterations of products and services conceived during Jobs’ tenure — now has more than enough money to make up for Cook’s lack of vision.
Until it gets another visionary leader (fingers crossed; Apple’s history has shown – cough, Sculley, Spindler, cough – that the next CEO could be far, far worse than the very competent caretaker Cook), Apple can afford to miss things like generative AI – which they clearly did – and then use its huge war chest to catch up – which they’re doing right now (fun times and 80-hour weeks inside Apple Park!) – and, hopefully, surpass rivals (or at least be as good). Apple will very likely unveil their catch-up work within months (this June at WWDC 2024) in iPhones (and iPads, Apple Watches, etc.) with built-in on-device generative AI and other new AI-driven features. – MacDailyNews, February 14, 2024
Related
Kia stock soars to two-decade high on report it will assemble Apple Car in Georgia in 2024
Wednesday, February 3, 2021
In "News"
Apple Car pegged to launch in 2028 with Level 2+ autonomy
Tuesday, January 23, 2024
In "News"
Elon Musk responds to canceled Apple Car with two emoji
Wednesday, February 28, 2024
In "News"
https://macdailynews.com/2024/02/27/apple-pulls-the-plug-on-its-electric-car-killing-decade-long-effort/
"JASMY AMA - My Thoughts" [r/JasmyToken 1 mo. ago Icy_Amphibian_JASMY MOD DD]
#JASMY Community, here are my thoughts on the recent AMA. Overall, it was a great introduction to Jasmy technology for new investors, but I will only cover points that I found significant. I will list the points and preface my comments with 🥶.
Point 1:
"By using and commercializing licenses held by Jasmy:
Individual users can deploy distributed databases that hold information and provide it to companies, etc. for a fee. (The risk and cost of building a DB can be greatly reduced.)
Company's internal data (e.g., PC usage, internal chats, etc.) can be used after the data is automatically and correctly recorded and stored, with personal information and confidential information abstracted and anonymized. (Accurate information and traceability can be ensured through raw data)"
🥶We have discussed the second part of this point many times; personal data being recorded, stored, abstracted, and anonymized. This is the technological backbone of the Personal Data Market and it has been described in detail in the issued patents.
🥶 We have not discussed the first part of this point. Most data providers are some type of organization, like companies and universities, but it is possible to be an individual data provider. With JASMY technology, I could see individual users providing trusted and verifiable data to the network using JASMY compatible sensors. Imagine providing data to the JASMY Network with your smart devices like home weather sensors, vehicle sensors, smart cameras, smart glasses, home appliances... all of your smart devices can turn you into a real-time verifiable data provider, turning every sensor into an individual data point that AI can organize into refined Platinum Data.
🥶 Check out this very long list of data categories:
https://datarade.ai/data-categories
Point 2:
"#JasmyLab is a company with a mission to take the Jasmy license and deploy the technology globally with a team of crypto natives, and to actually develop the
technology into an open source service to meet the needs of the companies and clients I work directly with. I will be working with a team of crypto natives to develop this technology globally."
🥶 The key word here is to take licensed Jasmy technology and develop it into an open source service. This is very good, because having an open source for enterprises to build upon and customize is key for expanding Jasmy Network, while maintaining the security and privacy of the Main (proprietary) Net.
Point 3:
**"**Companies that have built their business models on platforms have focused on collecting and holding their own data. This is much like buying a book and displaying it on the company's bookshelf."
"GDPR and privacy laws require a very high level of security to maintain the bookshelves, and a lot of money must be invested to develop them. The cost of doing business with data is enormous, not only to collect it, but also to maintain it."
"We want to develop a library-like service where books brought in by users are categorized, tagged, and lent to businesses that need them in the format they need."
"The most important things are (1) that the data is owned by the users themselves and by the companies that input the data, so (2) that the data can be withheld from those to whom they do not wish to disclose it, and (3) that information that could not previously be disclosed can now be disclosed."
🥶The 3 things listed at the end of this point are heavily described in the patents. The patents also describe how Jasmy Networks can be partitioned, which means that Jasmy Networks ran by node operators in different regions can be completely separate from each other - so there can be a compliant Jasmy Japan, Jasmy USA, Jasmy Europe, Jasmy China, Jasmy UAE, etc... without causing friction between these Governments and still bringing value to the same $JASMY Coin.
Point 4:
**"**In Web3, Filecoin, which provides a distributed database IPFS, is well known, but in reality, the infrastructure is supported by data center operators, so I think we will see more good projects from the user's perspective in the future."
"What we are focusing on is the data that users have and the resources of the devices that generate the data. You as individuals actually have a lot of very valuable data. And companies want accurate data. If data is anonymized and abstracted and provided in a way that does not identify individuals, businesses can use the data with a reduced risk of leakage. Companies developing AI products have an ongoing need to acquire accurate data, and this need will continue to grow as the market expands in the future."
"What do you think is the device resource you are most familiar with? In fact, it is a gaming terminal, including Play Station. GPU is a computing device specialized for real-time image processing, and was originally used in computer games as a typical example."
"Do you have any unused gaming terminals in your home? Are they sleeping when not in use? What if there was a program in which you could be paid for the time you are not using the device, in exchange for donating those resources to an innovation company?
Furthermore, you may be able to own a portion of the new products, services, and value-added that are created by your donation of these resources. Our platform is being developed to implement the ability to create and own productions and IP by providing data and resources."
🥶Hara-san brings up a good point with the underlying data managers for Filecoin. The same goes for ICP. They're just replacing data storage providers with new ones. In contrast, Jasmy seeks to utilize individual user data and their devices as an edge network, allocating the computing process away from the cores and to user's devices on the edge of the network. Through Neutrix Cloud and data abstraction, Jasmy Network can utilize existing cloud storage infrastructure, distributing it across multiple cloud networks like Amazon & Google, while also maintaining complete privacy for the data owners. This approach benefits prioritizes user data ownership/privacy and also benefits existing Web2 cloud providers through continuing to utilize their services. Jasmy doesn't aim to compete with Amazon, Google, and other cloud providers like Filecoin and ICP... they are building a hybrid solution that benefits everybody.
🥶 Jasmy has been name dropping #PlayStation for years, and although Jasmy Inc. is very quiet they really do have the former #Sony executives to make these conversations happen. As a Japan-first Network, it only makes sense to target PlayStations as a source of edge computing and data generation. We have discussed trading data many times, but we haven't covered trading resources for rights, IP, ownership of new services. I find this concept very exciting and futuristic!
Point 5:
**"**On the demand side, the service must be provided safely and promptly to companies using the resources, the resources must be supplied for the required period of time and with peace of mind, a clear cost structure must be presented, and the rights to the production must be clear.
On the supply side, the service should provide an easy-to-understand user interface for providing data and resources; the resource owner should receive a seamless distribution of rewards; and the rewards should be attractive and equivalent in value to cash."
"In fact, many of these can be built cheaply, quickly, and securely using blockchain technology. We are prepared to customize the technology that is already out there for your company and provide many of the necessary features in addition to this."
🥶 Hara-san outlines the requirements for both ends of the Jasmy Edge Computing Service described in the previous point and states that Jasmy is ready to build customized versions of this technology for any company. I find it self explanatory, but I thought it was worth an individual point.
Point 6:
**"**Furthermore, we are providing support in the area of building a user database and member registration system that can be utilized by Web2 companies when they expand their business to Web3. Members register their company ID with Google ID, and their data is stored in the database, and a system is being prepared for them to earn rewards like points according to the data."
"The system uses account abstraction based on the ERC4337 technology platform and substitutes a social networking account for a secret key, allowing members to receive rewards seamlessly while maintaining security. We are working with our partners to develop an SDK/API tied to our proprietary chain, which we will commercialize."
🥶 I find this point very interesting. They specifically name Google ID as part of the sign-up process for Web2 companies shifting to Web3 through Jasmy. Google ID is simply an email account that is used to create a Google Account, like Apple ID. By going through Jasmy as an intermediary from Web2 to Web3, companies can transform their corporate IDs into Web3 Decentralized IDs (DID) by issuing a secret key. They are developing the software that will enable this service, which is connected to the Main Net.
🥶 Google Cloud Article - "The democratization of insights: Empowering data analysts and business users"
https://cloud.google.com/blog/products/data-analytics/democratizing-data-and-insights-with-google-cloud
🥶Guide to ERC-4337 Account Abstraction:
https://cointelegraph.com/learn/account-abstraction-guide-to-ethereums-erc-4337-standard
🥶 IBM Article - "Blockchain for Digital Identity & Credentials"
https://www.ibm.com/blockchain-identity?utm_content=SRCWW&p1=Search&p4=43700068015592539&p5=p
Point 7:
**"**We are collaborating with a project that aims to issue Stable coin, which allows users to transfer money between users on their own applications, to collaborate with an eSports project on GPU and user database integration, and have received requests from many DEX/DeFi projects for validator integration and joint development, which we are progressively working on."
"We would like to take a proactive approach to companies and projects that.. provide superior data input to other companies with the services of generative AI, value their databases and return value to users, make sure that the new DB to be built can be shared by multiple specific entities rather than as a single entity, and do not want to spend money on building new DBs."
"In addition, we are now in talks with VC/companies, mainly in Asia, to invest in this new business and to launch it in earnest. We would be very happy to hear from companies and projects with which we can collaborate."
🥶 We've known that Jasmy has been working on IoT stable coin infrastructure with Aplix and Hara-san has said that Jasmy stablecoin (DD Coin) is to be a token of JPYC, pegged to the Yen. Jasmy is staying true to crypto ideology by focusing on their users' ability to have complete ownership and control of their data and their digital assets. This is Data & Finance Democracy combined.
🥶 The E-Sports collaboration for GPU and Data Base integration goes back to the Jasmy Edge Computing Service I described in Point 4.
🥶 We have known that Jasmy has partnered with CEX/DEX services like XTexchange, NeopinOfficial, Bifrost_Network, & kanalabs. They mention validator integration, which means running a node for interoperability of these CEX/DEX & Jasmy Network. They also mention joint development, which means potential DApps & services.
🥶 Jasmy Inc. is focused on building a network that will provide a superior foundation, including data bases and data feed for companies/projects that have Generative AI Services (think ChatGPT, Image Generators, and all future Generative AI Services like music).
🥶 Jasmy Inc. is already in talks with Venture Capitalists & Companies in Asia for investment and development and they are looking for more businesses to join.
Point 8:
"The first is to store the crypto asset as a treasury in a place where ERC20 tokens can be safely stored and issue tokens on the consortium chain for the same amount. We describe this as a token lockup, and we will build an economic sphere where the tokens will actually be earned and spent within Jasmy's service. We are preparing to operate an ecosystem aimed at regional development within the Fun Token application, which has already been operated in cooperation with sports teams."
"Second, as part of this DePIN project, we are building an environment in which tokens can be used on an open source basis. We believe that the seamless receipt of attractive rewards is a condition for business development for decentralized services, such as Web3. In addition to the instantaneous reflection of rewards in one's account, we will add the option to convert these rewards into crypto assets."
🥶 Storing $JASMY ERC20 Token in a secure treasury, with a locking mechanism and an equivalent amount issued on the consortium chain is known as a Lock/Mint - Burn/Unlock Mechanism. This mechanism ensures Jasmy Coin is always 1:1, maintaining the Maximum 50 Billion supply.
🥶 Sagan Tosu is Jasmy's first sports team to participate in the development of Fan Tokens, and they are now saying that they are working with multiple sports teams.
🥶 Jasmy re-emphasizes that they are developing the network to support Fan Tokens being used on an open sourced basis. Having an open source foundation is critical in expanding the use case of these tokens. Instead of Jasmy developing a Fan Token for every small/medium/large team, having an open source code enables all these teams and organizations to develop their own tokens as they please. All of these entities can then provide their fans/customers with the ability to earn points and convert those points into crypto.
Point 9:
**"**The ecosystem is not yet operational, and the only utility of Jasmy Coin is for payment purposes or for investment and operation on an exchange. Many users will acquire them within the ecosystem and consume them in services, rather than purchase them. This is the Jasmy ecosystem in 2024."
"This is a completely new and challenging project, and we need to gather many talented people, as well as companies, investors, and users who share our concept."
🥶 Hara-san states the current utility of Jasmy Coin, which is only payments and investments. He then states that users will acquire Jasmy Coin within the ecosystem and consume them in services. The way this is worded, suggests that the ecosystem will launch in 2024... remember it is still business calendar 2023 in Japan until April 1st, which is approximately when the Data Market was scheduled to launch at the end of Jasmy's 2023 business calendar Road Map.
🥶 Hara-san also states the uniqueness and high challenge level of this project. It certainly is a complex idea, that has taken years to come this far, and there are still challenges ahead. I know that $JASMY holders are tired. I am exhausted as well, but the goal has always been 2026.
🥶 I have researched other blockchain networks and technologies, but nothing touches my heart and stimulates my mind as much as JasmyMGT. Their focus on the user's ownership and control of their data and finances is very powerful to me... it is what brought me here in the first place! Quick shoutout to u/LilBidMan, the OG of OG's & the Alpha Jasmy Researcher.
🥶 I would like to thank HARA_JasmyCFO for pressing through this rough bear market. I would like to thank our new Community Manager 0xjasmy (KJ) for translating and publishing the AMA. Let's work together, #JasmyLabs and the #Jasmy Community, to spread the word of this novel solution and bring in more developers, companies, investors, and users.
🥶 0xjasmy, my current suggestion is to take periodic questions from both the Japanese and English speaking Communities and answer through your accounts on X and TG, without having to wait for an Official AMA event. I know you cannot answer all questions, but I have many technical questions that could put investors at ease and bring even more clarity for potential developers, companies, and investors.
Be well, Jasmy Family, and stay chill. 🥶
https://www.reddit.com/r/JasmyToken/comments/1abw6wn/jasmy_ama_my_thoughts/
much more good information/researched opinions by this user at :
https://www.reddit.com/user/Icy_Amphibian_JASMY/
Get ready, Apple’s iOS 17.4 will deliver a slew of changes, features, and improvements!
Friday, February 23, 2024 5:57 pm
1 Comment
iOS 17.4 is currently in beta testing. When released to the public, it will deliver some major changes to the App Store and the iPhone ecosystem in the European Union alongside new emoji, a CarPlay upgrade, Siri improvements, and much more.
Chance Miller for 9to5Mac:
One of the biggest changes included in iOS 17.4 is support for alternative app marketplaces for the first time.
iOS 17.4 includes a change for Stolen Device Protection. Now, users can choose to always require a security delay when changing security settings. Previously, the only option was to enact the delay when away from familiar locations.
By far my favorite change in iOS 17.4 is support for transcripts in Apple Podcasts. These transcripts are automatically generated by Apple and are available shortly after an episode is published.
Siri has been upgraded in iOS 17.4 with support for reading messages in additional languages, not just the assigned language used for Siri for all other tasks.
MacDailyNews Take: Read more about all that iOS 17.4 will deliver in the full article – with screenshots – here.
https://macdailynews.com/2024/02/23/get-ready-apples-ios-17-4-will-deliver-a-slew-of-changes-features-and-improvements/
Coinbase, IBD Stock Of The Day, Surges Above Buy Point As Bitcoin Tops $53,000 To Two-Year High
Coinbase is Monday's IBD Stock of The Day as it surges past a buy point. Shares of the cryptocurrency exchange are running higher with other crypto stocks as the bitcoin price spiked back above $53,000 for the first time since November 2021.
Coinbase (COIN) on Feb. 15 reported diluted earnings of $1.04 per share, improving from a loss of $2.46 per share last year and ending a streak of seven consecutive quarterly losses. Total revenue spiked 51% to $953.8 million, marking the exchange's second consecutive increase after six straight quarters of double-digit declines.
FactSet expected Coinbase earnings of 2 cents per share on a 31% jump in revenue to $826 million.
Consumer transaction revenue leapt nearly 60% over the year to $492.5 million and improving from $274.5 million in Q3. Institutional transaction revenue increased 173% to $36.7 million, also climbing from $14.1 million last quarter.
Total subscription and services revenue climbed almost 33% to $375.4 million. Custodial fee revenue rose to $19.7 million, compared to $11.4 million last year and $15.8 million last quarter, respectively.
For Q1, Coinbase expects subscription and services revenue to range from $410 million to $480 million.
Coinbase is also serving as the cryptocurrency custodian for a majority of newly launched spot bitcoin ETFs following the FTC's Jan. 11 approval for those funds.
ETF Impact
"We've always said that ETFs would be a win-win for Coinbase and we're starting to see that play out on our platform," CEO Brian Armstrong said on the Feb. 15 earnings call, noting Coinbase custody accounted for 90% of the $36 billion in bitcoin ETF assets at the time. "We're earning revenue, not just on custody, but also on trading and financing. We've already seen great demand as bitcoin is now the second-largest ETF commodity in the U.S., surpassing silver."
A number of firms hoisted their price targets on shares after the report based on the performance and Q1 outlook. H.C. Wainwright on Feb. 16 raised its price target on Coinbase to $250 from $115 and maintained a buy rating on the stock.
The upcoming bitcoin halving event in April along with growing demand and incremental inflows from spot bitcoin ETFs will provide "significant positive catalysts" for the exchange going forward, the firm wrote.
Bitcoin Notches Two-Year High
Bitcoin on Monday jumped as high as $53,614, marking its highest level since November 2021. The crypto's total market capitalization is back above the $1 trillion mark for the first time in more than two years following its February rally. Bitcoin is now up 25% so far in 2024, with most of the gains coming after the spot bitcoin ETF launches in early January.
Cathie Wood Takes Profits
Meanwhile, Cathie Wood and her ARK Invest firm appear to be taking profits on COIN stock throughout February. ARK Invest on Feb. 14 sold $34.23 million worth of Coinbase stock across three of its funds, its first sale of the crypto exchange's shares in over a month, according to daily trade updates. The most recent sale prior came on Jan. 11 following the bitcoin ETF launches, according to CoinDesk.
ARK Invest regularly sold shares throughout the month following Coinbase's earnings. The firm sold a total of 971,814 shares of COIN stock in February across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF), worth roughly $167.25 million based on the various closing prices.
Coinbase Stock
Coinbase stock leapt 14.6% Monday to 190.29, moving back above a prior 187.39 cup-base buy point. Investors could have jumped into COIN as it broke the downtrend of a high handle formation. Traders also could use the Feb. 16 high handle peak of 193.64 as an entry or add-on buy point, but it's already significantly extended from the 50-day line.
COIN shares on Feb. 16 briefly broke out from a cup base following earnings but didn't close above that level. Shares fell back last week.
Shares have rocketed 48% so far in February to erase its 26% drop from January.
Coinbase leads the Computer Software-Financial Group according to the IBD Stock Checkup.
COIN stock has a perfect 99 Composite Rating. The Composite Rating combines various technical and fundamental indicators into one easy-to-read score. Shares have a 76 EPS Rating. Coinbase's relative strength line is trending toward its 52-week highs from late December and has a 98 RS Rating.
Elsewhere, spot bitcoin ETF shares and crypto stocks surged Monday along with bitcoin. Spot bitcoin ETFs, including the iShares Bitcoin Trust (IBIT), ARK 21Shares Bitcoin ETF (ARKB), Fidelity Wise Origin Bitcoin Trust (FBTC) all gained 5% Monday. The new bitcoin ETFs, except for Fidelity, are now trading at record levels after punching above launch-day highs.
Bitcoin miner Marathon Digital (MARA) vaulted 21% Monday ahead of Q4 results late Wednesday. FactSet analysts expect the company's earnings improve to 3 cents per share from a loss of $3.09 last year while revenue spikes nearly 440% to $153.6 million. MARA stock has a 30.45 cup-with-handle buy point.
You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison
https://www.investors.com/research/ibd-stock-of-the-day/coinbase-rallies-to-break-downtrend-as-bitcoin-crosses-53000-to-two-year-high/
Texas Voters Stand with Crypto
A new study highlights that a ??growing pro-crypto constituency in Texas wants to update the financial system. This is particularly true among the Lone Star State’s younger demographic who view crypto as a tool for change to support economic opportunity, freedom and fairness. With the 2024 election fast approaching, With Texas leveraging its natural strengths to grow as a global crypto hub, Texas is standing with crypto and making clear policy makers should mess with Texans’ crypto.
* 4.7 million Texas adults (or 21%) own digital assets, according to previous Morning Consult data.
* Texas crypto owners represent the next generation of Texas voters, with 39% falling between ages
18-34 and a majority reporting a household income below $75K.
* Polling finds that this emerging cohort of younger, more diverse voters care about the positions politicians and leaders take on crypto, pointing to the economic opportunity, freedom and fairness; job creation; accessibility; and global leadership potential of the tech.
By Coinbase Policy, February 23, 2024, 3min read time
https://www.coinbase.com/blog/texas-voters-stand-with-crypto?__cf_chl_rt_tk=FEDRAvAGHPhUrz_PvZkD2twFHQ6GwTHSKHr.4peujgU-1708975503-0.0-5842
2024-02-20 An interview article about our company was published in TECH+
https://www.jasmy.co.jp/
An interview article about our company was published in TECH+
Distribution date: February 20, 2024
Our director Kakinuma was interviewed on ``TECH+'', a technology-related business information site centered on IT operated by Mynavi Co., Ltd., stating that ``Web3 technology is a ``detonator for regional revitalization'' and tokenizes local products and culture.'' The article has been published.
https://news.mynavi.jp/techplus/article/20240220-2887792/
Reports of ‘imminent’ Apple Ring is bad news for Oura, Movano, Samsung
Friday, February 23, 2024 1:20 pm
No Comments
Apple is reportedly speeding up development of the long-rumored Apple Ring wearable smart ring that would continuously collect wearers’ health data, ETNews reported this week.
Maria Diaz for ZDNet:
[A]pple is reportedly working on the launch timing of its smart ring. This would be another new device released on the heels of the Apple Vision Pro, the first new device category launched by the company in nearly a decade.
It would make sense to learn that such a device could be nearing commercialization, especially after Samsung announced its own…
The global smart ring market is projected to grow by over 29% by 2028, from $234 million in 2022 to $1.1 billion in 2028. Oura leads the smart ring market with a 53% share, but this number will likely take a hit once Samsung officially launches its Galaxy Ring this year. This could be the opportunity Apple has been waiting for to perfect its smart ring technology and launch the device.
Whether Apple announces a new smart ring during WWDC 2024 event or not, I don’t think we’ll go two more years without an Apple Ring, especially if the Samsung Galaxy Ring does well with users.
MacDailyNews Take: “$1.1 billion in 2028” is a prediction will turn out to be quite the undershot if/when Apple gets involved.
See also: Evie Ring by Movano is now using Liquidmetal
Related
Apple may be prepping a smart ring
Tuesday, January 23, 2024
In "Rumor"
Apple is reportedly speeding up development of Apple Ring wearable
Tuesday, February 20, 2024
In "News"
Apple Ring: Cupertino sees smart ring in its future
Thursday, October 1, 2015
In "News"
https://macdailynews.com/2024/02/23/reports-of-imminent-apple-ring-is-bad-news-for-oura-movano-samsung/
Apple’s new Sports app offers some interesting caveats
Thursday, February 22, 2024 11:31 am
1 Comment
Apple on Wednesday introduced Apple Sports, a free app for iPhone that gives sports fans access to real-time scores, stats, and also comes with some interesting caveats. Designed for speed and simplicity, the app’s personalized experience puts users’ favorite leagues and teams front and center, featuring an easy-to-use interface designed by Apple. Apple Sports is available to download now in the App Store in the U.S., the U.K. and Canada.
Chris Velazco for The Washington Post:
As usual for Apple, its new Sports app hooks neatly into its other services. Once you select teams and leagues to follow, you’ll start seeing relevant updates in the Sports section of Apple’s News app. And if Apple — or a streaming app you’ve connected to the Apple TV app — has the rights to air a game you’re following, you’ll be able to quickly click into the live stream from the Sports app.
Apple said certain leagues — like the WNBA, NCAA football and the NFL — will be available to follow in the app when their respective seasons begin.
A fast, free tool for up-to-the-minute scores could be helpful for people weary of their existing options, but Apple’s first attempt at this kind of app for sports fans comes with curious caveats.
In its current form, Apple’s Sports app doesn’t generate notifications or Live Activities — those persistent notifications that appear on iPhone lock screens to offer in-the-moment updates. You also don’t have the option to place an Apple Sports widget on an iPhone’s home screen to help you passively keep track of changes in a game.
MacDailyNews Take: Little birdie says the Sports app was released to coincide with the start of the MLS season yesterday and these caveats (and others like an Apple Watch app) will be addressed in future updates, making Apple’s Sports app indispensable for fans.
https://macdailynews.com/2024/02/22/apples-new-sports-app-offers-some-interesting-caveats/
Introducing Apple Sports, a new app for sports fans
February 21 2024 - 09:00AM
Business Wire
The free app for iPhone delivers real-time scores, stats, and more, all designed for speed and simplicity
Apple® today introduced Apple Sports, a free app for iPhone that gives sports fans access to real-time scores, stats, and more. Designed for speed and simplicity, the app’s personalized experience puts users’ favorite leagues and teams front and center, featuring an easy-to-use interface designed by Apple. Apple Sports is available to download now in the App Store in the U.S., the U.K. and Canada.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220683025/en/
Apple Sports — an iPhone app that offers fans access to real-time scores, stats, and more — is now available to download in the App Store. (Photo: Business Wire)
Apple Sports — an iPhone app that offers fans access to real-time scores, stats, and more — is now available to download in the App Store. (Photo: Business Wire)
“We created Apple Sports to give sports fans what they want — an app that delivers incredibly fast access to scores and stats,” said Eddy Cue, Apple’s senior vice president of Services. “Apple Sports is available for free in the App Store, and makes it easy for users to stay up to date with their favorite teams and leagues.”
Apple Sports keeps fans up to date on the following leagues currently in season:
MLS
NBA
NCAA basketball (men’s and women’s)
NHL
Bundesliga
LaLiga
Liga MX
Ligue 1
Premier League
Serie A
Additional leagues will become available on Apple Sports over time, including MLB, NFL, NCAAF, NWSL, and WNBA for their upcoming seasons.
Apple Sports gives fans a simple and fast way to stay up to speed on the teams and leagues they love. Users can customize their scoreboards on Apple Sports by following their favorite teams, tournaments, and leagues. Fans can easily navigate between scores and upcoming games; explore play-by-play information, team stats, lineup details, and live betting odds;1 and tap to go to the Apple TV app to watch live games from Apple and connected streaming apps.2 Apple Sports will also seamlessly sync with favorites selected within the My Sports experience including in the Apple TV app and Apple News.
Availability:
Apple Sports is available to download beginning today in the U.S., the U.K., and Canada, with support for English, as well as French and Spanish where available.
Apple Sports is free to download, and is available for all iPhone models running iOS 17.2 or later.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.
Footnotes:
1. Users have the option to turn off live betting odds in settings at any time.
2. A subscription is required for some services.
NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.
© 2024 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240220683025/en/
Sam Citron
Apple
citron@apple.com
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93327734/introducing-apple-sports-a-new-app-for-sports-fan
Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets
If approved in parliament, the draft bill could see VCs fund Web3 startups in exchange for crypto assets.
By Amitoj Singh
AccessTimeIcon
Feb 19, 2024 at 4:47 a.m. EST
Updated Feb 19, 2024 at 4:49 a.m. EST
https://www.coindesk.com/policy/2024/02/19/japan-moves-closer-to-allowing-venture-capital-firms-to-hold-crypto-assets/?_gl=1*1c53wz6*_up*MQ..*_ga*MTk3MjU5NzQ0Ny4xNzA4NDgxNzc2*_ga_VM3STRYVN8*MTcwODQ4MTc3NS4xLjAuMTcwODQ4MTc3NS4wLjAuMA..
Japan opens up Web3 investments for local VCs
ARIJIT SARKAR
FEB 19, 2024
Japan’s Ministry of Economy, Trade and Industry (METI) aims to promote the creation of new businesses and industries via increased domestic investments from limited partnership firms.
“We will take measures such as the addition of crypto assets to the assets that can be acquired and held by investment limited partnerships (LPS).”
https://cointelegraph.com/news/japan-web3-investments-partnership
Coinbase earnings suggest strong year ahead, though challenges abound
SANDEEP RAO
8 HOURS AGO
Coinbase's quarterly earnings report released last week indicated the company is well-positioned to tap into a number of growing revenue streams...
https://cointelegraph.com/news/coinbase-earnings-indicate-strong-year-ahead-though-challenges-abound
Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades
ARK sold Coinbase shares from ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.
By Parikshit Mishra
AccessTimeIcon
Feb 19, 2024 at 2:15 a.m. EST
Updated Feb 19, 2024 at 2:17 a.m. EST
https://www.coindesk.com/business/2024/02/19/cathie-woods-ark-offloads-90m-coinbase-shares-amid-slew-of-analyst-upgrades/?_gl=1*c5ak5*_up*MQ..*_ga*MTYzOTA5Njk2MC4xNzA4NDgxNTM5*_ga_VM3STRYVN8*MTcwODQ4MTUzOS4xLjAuMTcwODQ4MTUzOS4wLjAuMA..
Where Coinbase Canada Goes, so Does the World
Canada, quicker to adopt ETFs than the U.S., may offer a signal to where the U.S. goes next.
By Daniel KuhnAccessTimeIconFeb 19, 2024 at 4:02 p.m. EST
https://www.coindesk.com/consensus-magazine/2024/02/19/where-coinbase-canada-goes-so-does-the-world/?_gl=1*eery8f*_up*MQ..*_ga*MTYzOTA5Njk2MC4xNzA4NDgxNTM5*_ga_VM3STRYVN8*MTcwODQ4MTUzOS4xLjAuMTcwODQ4MTUzOS4wLjAuMA..
Apple: iPhone 15 batteries last longer than originally thought
Tuesday, February 20, 2024 5:23 pm
No Comments
Apple originally said that the iPhone 15’s battery, like several generations of iPhones before it, would retain up to 80% of its original capacity at 500 complete charge cycles. The company tells 9to5Mac that the iPhone 15 can retain 80% of its original capacity at 1000 complete charge cycles.
Chance Miller for 9to5Mac:
Apple says that its testing involved charging and discharging the battery 1000 times under specific circumstances representing common use cases. The improvement is due to Apple making continued updates to battery components and power management systems over the years.
Apple says that this change in battery cycle lifespan only applies to the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max. Previous iPhone models continue to be rated at retaining up to 80% capacity at 500 complete charge cycles. The company adds, however, that it is currently investigating older iPhone models, as well.
MacDailyNews Note: Check battery health on your iPhone 11, 12, 13, or 14: Go to Settings > Battery > Battery Health & Charging With iPhone 15 models with iOS 17.4 and later, you can see your battery health, when your battery was manufactured, when it was first used, the cycle count, and if a battery replacement is recommended via Settings > Battery > Battery Health.
Related
How to check if the battery in your iPhone may need to be replaced
Monday, December 11, 2017
In "How to"
What Apple should have done instead of slowing down iPhones with aging batteries
Friday, December 22, 2017
In "Opinion"
Should Apple replace aging iPhone batteries for free instead of throttling processor speed?
Thursday, December 21, 2017
In "Opinion
https://macdailynews.com/2024/02/20/apple-iphone-15-batteries-last-longer-than-originally-thought/#google_vignette
EU to hit Apple with €500 million fine over rival music streaming subscriptions
Tuesday, February 20, 2024 9:19 am
4 Comments
The EU’s European Commission is to impose its first ever fine on tech giant Apple – reportedly around €500 million (US$541 million) – for allegedly breaking EU law over access to its music streaming services, according to five people with direct knowledge of the long-running investigation.
Javier Espinoza for Financial Times:
The probe is investigating whether Apple blocked apps from informing iPhone users of cheaper alternatives to access music subscriptions outside the App Store.
The Commission will say Apple’s actions are illegal and go against the bloc’s rules that enforce competition in the single market, the people familiar with the case told the Financial Times. It will ban Apple’s practice of blocking music services from letting users outside its App Store switch to cheaper alternatives.
Brussels will accuse Apple of abusing its powerful position and imposing anti-competitive trading practices on rivals, the people said, adding that the EU would say the tech giant’s terms were “unfair trading conditions.”
MacDailyNews Take: Is the Commission going to force physical retail stores to allow rival retailers to post signs next to products advertising lower prices in rivals’ stores, too?
Unfortunately, as in days past and maybe even more so today, dealing with the illogical decisions of drooling idiot bureaucrats who could never make it in a real corporation is simply a cost of doing business.
Related
EU regulators already probing Apple’s music streaming plans in Europe
Thursday, April 2, 2015
In "News"
Spotify leads call for investigation into ‘troubling’ Apple and Google app store practices
Friday, May 5, 2017
In "News"
European Commission finds no evidence of collusion between Apple and music labels
Sunday, August 9, 2015
In "News"
https://macdailynews.com/2024/02/20/eu-to-hit-apple-with-e500-million-fine-over-rival-music-streaming-subscriptions/#google_vignette
Shareholder letter:
In 2023, we saw our operational rigor pay off. We achieved our financial goal,
launched new innovative products, strengthened our competitive position,
and doubled down on our efforts to create momentum for a workable
regulatory framework for crypto in the US.
For the full-year, we generated net income of $95 million and positive
Adjusted EBITDA in all four quarters, totaling nearly $1 billion - consistent
with our financial goal to generate positive Adjusted EBITDA in all market
conditions. We diversified our full-year 2023 total revenue base of $3.1 billion
by generating $1.4 billion in subscription and services revenue. Meanwhile,
our balance sheet strengthened as we increased our total $USD resources to
$5.7 billion while simultaneously reducing total debt by 12%.
Beyond the numbers, we accelerated product velocity. We launched Coinbase
International Exchange, eligible customers can now access derivative
products through Coinbase Financial Markets, launched Base, and we
acquired key licenses, registrations or launched operations in 6 new markets.
We have improved our existing product suite and laid important foundations
for future growth.
In 2024 Coinbase will focus on three main priorities. First, driving revenue
through improving our core trading and USDC. Second, driving utility in
crypto with experiments in payments using USDC and Base. Lastly, we will
continue to drive regulatory clarity for the industry. All told, Coinbase is a
fundamentally stronger company today than a year ago, and we are in a
strong financial position to capitalize on the opportunities ahead.
Much more information at link below:
https://s27.q4cdn.com/397450999/files/doc_financials/2023/q4/Shareholder-Letter-Q4-2023.pdf
13% of new U.S. iPhone buyers upgraded from Android phones in 2023
Thursday, February 15, 2024 12:08 pm
No Comments
CIRP has released its latest study today taking a look at how many new iPhone buyers in the U.S. are upgrading from Android smartphones. 13% of new U.S. iPhone buyers upgraded from Android phones in 2023.
Michael Potuck for 9to5Mac:
Last May, CIRP’s data showed momentum for Apple with a record 15% of new US iPhone buyers coming from Android and an average selling price just shy of $1,000.
CIRP’s new report shows that the trend reversed a bit across 2023. Shown below, 13% of new US iPhone buyers report that they’ve switched from Android. That’s a 2% drop from what CIRP saw last year.
MacDailyNews Take: With more than 1 out of every 10 Android settlers waking up annually to the blatantly obvious fact that if it’s not an iPhone, it’s not an iPhone, Apple’s future is very bright indeed!
https://macdailynews.com/2024/02/15/13-of-new-u-s-iphone-buyers-upgraded-from-android-phones-in-2023/#google_vignette
Strong security using blockchain “Jasmy Secure PC” starts collaboration with cloud attendance management system “Kinro no Shishi”
~ “Visualize” “invisible overtime”. It is now possible to record attendance and departure times based on PC logs.
Jasmy Co., Ltd.
February 14, 2024 13:00
"Jasmy Secure PC," a robust security solution utilizing blockchain provided by Jasmy Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Kazumasa Sato, hereinafter referred to as "Jasmy"), is a security solution that utilizes blockchain to provide a secure solution for S.A., which manages work-life balance.·We will begin service collaboration via API with the cloud attendance management system “Kinro no Shishi” developed and provided by S Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Shuichi Aoyama).
As work style reform progresses, the Labor Standards Act was revised in 2019, making it mandatory to objectively record employee working hours. Clarifying the basis for understanding working hours has become a challenge for all companies, from the perspective of resolving many problems such as death from overwork due to long working hours and unpaid overtime pay.
This time, by linking the PC operating information recorded by the drive recorder function of "Jasmy Secure PC" with the attendance management system "Kinro no Shishi" via API, it will be automatically registered as objective information for "Kinro no Shishi". , or the difference from normal attendance and departure times can be summarized.
This collaboration eliminates the need for manual clocking in and out using "Kinro no Shishi," which helps prevent employees from forgetting to clock in, reduces unpaid overtime, and improves the efficiency of work related to attendance management. .
What is Cloud Attendance Management “Lion of Labor”?
"Kinro no Shishi" is a cloud-based attendance management system that can handle anything from simple management of attendance and attendance to complex work systems. It is used by a wide range of customers regardless of industry or number of people, and has evolved to handle the complex attendance management of hotels, hospitals, etc., which operate 24 hours a day, 365 days a year, which is said to be the most complex.
Not only does it support IC cards, finger veins, and web/smartphone stamping, but it also supports multiple shifts, help shifts, flextime, flexible working hours, project management, and telework. All of the know-how we have cultivated is packed into the system, so it can perfectly accommodate any complex work regulations. In addition, a dedicated attendance consultant will provide support including initial settings on behalf of each customer, so you can proceed with the implementation with peace of mind.
What is “Jasmy Secure PC”, a robust security solution that utilizes blockchain?
Equipped with a "drive recorder function" that visualizes work status on a computer from operation logs, a "ghost drive function" that protects data even when you are out, and a function that allows you to check employee work in real time, enabling new ways of working such as telework. This is an application that creates a safe and comfortable working environment.
Jasmy Secure PC URL: https://www.jasmy.co.jp/jasmy_secure_pc/
Company Profile
<S.A.S. Co., Ltd.>
SSA Co., Ltd. is an IT company based in Minato-ku, Tokyo that manages work-life balance with the mission of ``Everything is for smiles.'' We have built long-term relationships with major companies, and use our constantly honed business knowledge and solid technical capabilities to provide optimal solutions to customers in a variety of industries, including finance, distribution, and government offices. In addition, as our own brands, we have a cloud attendance management service called ``Toro no Shishi,'' which helps reduce the burden of HR operations, and a cloud expense settlement service called ``Kaitsu no Shishi,'' with the mission of ``Creating a world where everyone can work with a smile through IT and consulting.'' etc.
Company name: SSA Co., Ltd.
Representative: Representative Director Shuichi Aoyama
Established: October 1995
Location: 4F, ??4-10, Mita 3-chome, Minato-ku, Tokyo (Leela Hijiri Zaka Building)
Business content: System construction and consulting centered on finance, distribution, and credit operations
Provision and consulting of cloud services, etc. to support back office operations
Providing solutions for education
Providing customized training services that suit a variety of themes
SSA Co., Ltd. homepage: https://sas-com.com/
<Jasmy Co., Ltd.>
Jasmy Co., Ltd. is a company that develops and provides IoT platforms. When all things are connected to the internet, the "clothing, food, shelter, and movement" that are closely connected to people's lives will change dramatically. Jasmy's mission is to create and provide a platform that allows anyone to use things easily, safely, and with peace of mind. Nowadays, important data generated from our daily lives tends to be monopolized by a limited number of companies. One of the objectives of the Jasmy Platform is to restore data sovereignty to the original owner and allow individual data to be used safely and securely. For this reason, Jasmy will combine IoT with blockchain technology and create a platform that can be widely used across industries and industries based on unprecedented ideas.
Jasmy's team is comprised of members with diverse and rich experience in electronics, mechanics, communications, devices, system integrators, designers, etc., and we provide the optimal IoT platform for each customer around the world.
Jasmy Co., Ltd. homepage: https://www.jasmy.co.jp/
*Company names, product names, and service names listed are trademarks or registered trademarks of each company.
https://prtimes.jp/main/html/rd/p/000000064.000025296.html
Apple Vision Pro reportedly selling like crazy
Thursday, February 15, 2024 9:11 am
No Comments
Apple sold some 180,000 Apple Vision Pro spatial computers in pre-order sales and, according to analyst Ming-Chi Kuo in a new note to clients, the company stocked around 80,000 units for launch day and the numbers aren’t slowing down.
Ronil Thakkar for The Mac Observer:
Moreover, reports floating online suggest that Apple has sold nearly 200,000 Vision Pro units until now.
And now, with shipment dates stretching into March soon after pre-orders began and no inventory accessible in the Apple store, the Vision Pro is nearly sold out.
While we patiently wait for Apple to reveal the actual sales figure of the Vision Pro, if and when they actually do it, a prediction report from Statista suggests the company could ship around 350,000 units in the first year of the launch, reaching almost 1.5 million in year two.
MacDailyNews Take: It’s sounding more and more like a very strong early adopter / developer start for the first-generation Apple Vision Pro!
https://macdailynews.com/2024/02/15/apple-vision-pro-reportedly-selling-like-crazy/
Cisco Systems Stock Drops 5% Following Restructuring Plan, Berkshire Trims Apple Stake, and Latest News
February 15 2024 - 06:34AM
IH Market News
Berkshire Hathaway (NYSE:BRK.A) – Berkshire Hathaway reduced its stake in Apple (NASDAQ:AAPL), selling 10 million shares, while holding over 905 million. It also increased its position in Chevron (NYSE:CVX), reduced it in HP (NYSE:HPQ), and Paramount Global (NASDAQ:PARA). Ther company kept investors guessing on what could be a major new investment by Warren Buffett.
Nvidia (NASDAQ:NVDA), Alphabet (NASDAQ:GOOGL) – Nvidia briefly surpassed Alphabet on Wednesday to become the third most valuable U.S. company after Amazon. The high demand for AI chips boosted its market value to $1.825 trillion. Wall Street is eagerly awaiting the quarterly report next week. Nvidia shares are down 0.5% in Thursday’s pre-market.
Taiwan Semiconductor Manufacturing (NYSE:TSM) – TSMC saw its market capitalization jump by about $42 billion on Wednesday, driven by investor bets on chip demand. This increase led the company to surpass Visa Inc. (NYSE:V), becoming the 12th most valuable globally. Enthusiasm was fueled by increased sales in January and optimistic growth outlooks, especially in the wake of OpenAI‘s ChatGPT release. TSMC anticipates a recovery in smartphone and computing demand, while analysts point to the growing need for cutting-edge chips. The company recently discussed AI chip supply challenges with Nvidia. TSMC shares are up 1.1% in Thursday’s pre-market.
Nvidia (NASDAQ:NVDA) – Bridgewater Associates significantly increased its stake in Nvidia, raising it by 458% at the end of last year, while also expanding its exposure to other leading technology companies. The firm founded by Ray Dalio disclosed these changes in financial filings.
Alphabet (NASDAQ:GOOGL) – Google will offer an automated version of ChromeOS for Windows devices, potentially reducing PC discards after Windows 10 support ends. ChromeOS Flex will maintain security updates, allowing users to extend their devices’ lifespan.
Microsoft (NASDAQ:MSFT) – Microsoft stated that state hackers from Russia, China, and Iran are using OpenAI technology, backed by the company, to enhance their tactics. Microsoft revealed this usage, implementing a ban against these groups as concerns over AI abuses increase.
Meta Platforms (NASDAQ:META) – On Wednesday, Meta added Broadcom‘s CEO, Hock Tan, to its board of directors. Broadcom (NASDAQ:AVGO) is a key partner of Meta in its data center projects and chip development, crucial for fast data movement and processing for AI systems.
Nokia (NYSE:NOK) – Nokia launched “MX Workmate,” an AI tool for industrial workers, generating alerts about machine failures and suggesting production improvements. Using AI language models, it aims to help interpret complex data. Full implementation may take up to a year and a half, as testing and adjustments continue.
Sony Group (NYSE:SONY) and Honda Motor (NYSE:HMC) – A joint venture between Sony Group and Honda Motor will launch three electric vehicle models by the middle of this decade. An SUV will be released in 2027, followed by a compact in 2028 or later, after a sedan in 2025, aiming to compete with Tesla (NASDAQ:TSLA).
Pfizer (NYSE:PFE) – Pfizer agreed to pay $93 million to settle antitrust charges from drug distributors. The settlement, still subject to judge approval, comes after a decade of litigation over allegations of conspiracy with Ranbaxy.
GSK (NYSE:GSK) – GSK completed the acquisition of Aiolos Bio, a biotech company focused on respiratory and inflammatory diseases. The initial payment was $1 billion, with up to an additional $400 million in success milestones.
Catalent (NYSE:CTLT) – Catalent cut its workforce by about 300 employees as part of its ongoing restructuring, incurring expenses of approximately $12 million. The company, which beat revenue estimates, recently accepted a purchase offer from Novo Nordisk (NYSE:NVO).
Morgan Stanley (NYSE:MS) – Morgan Stanley plans to cut hundreds of jobs in its wealth management unit, representing less than 1% of the staff. This move reflects the ongoing cost reduction efforts amid economic uncertainty.
Barclays (NYSE:BCS) – Barclays is considering a bid for Societe Generale to expand its wealth management division. SocGen started an auction for its Kleinwort Hambros unit, valued at up to £700 million, as part of its strategic overhaul. In other news, Barclays’ vice-president, Nazia Lawrence, is suing the British bank for approximately 230,000 pounds, claiming racial, religious, and sexual discrimination. Legal documents reveal her disappointment with the unequal treatment compared to white colleagues.
KKR and Company (NYSE:KKR) – KKR & Co agreed to acquire a stake in Cotiviti from Veritas Capital. Financial details were not disclosed, but the deal will strengthen KKR’s healthcare portfolio.
Doordash (NYSE:DASH) – George Soros‘ investment fund acquired new stakes in low-cost U.S. airlines, including JetBlue (NASDAQ:JBLU), Spirit Airlines (NYSE:SAVE), and Sun Country Airlines (NASDAQ:SNCY), while increasing its bets on Doordash (NYSE:DASH). It also sold stakes in Arm Holdings (NASDAQ:ARM) and Broadcom (NASDAQ:AVGO).
Shell (NYSE:SHEL) – Shell may drop out of the bidding for an offshore wind farm in Norway due to profitability doubts. Challenging conditions and market uncertainty raise concerns. The company is considering alternatives like floating wind turbines.
BHP Group (NYSE:BHP) – BHP, the world’s largest miner, expects losses of $5.7 billion due to the Samarco dam breach in Brazil and the restructuring of its nickel business in Australia. Its upcoming half-year results should reflect profit stability, driven by high iron ore prices.
Lockheed Martin (NYSE:LMT) – Biden plans to request fewer F-35 fighters in the next federal budget, affecting Lockheed Martin. About 70 aircraft are expected to be ordered for 2025, down from the 83 forecasted. Lockheed recorded 98 deliveries in 2023, compared to 141 in 2022. Shares are stable in Thursday’s pre-market after falling 2.4% on Wednesday.
Kroger (NYSE:KR), Albertsons (NYSE:ACI) – Colorado’s attorney general filed a lawsuit to block Kroger‘s $25 billion acquisition of Albertsons, claiming consumer harm. Kroger plans to divest stores to calm antitrust concerns. This lawsuit is the second challenging the merger.
Hershey (NYSE:HSY) – Chocolate manufacturers Hershey and Cadbury are planning price increases to offset record cocoa costs, facing a consumer demand drop due to inflation. Prices are rising, prompting manufacturers to launch new products to stimulate demand.
Earnings
Cisco Systems (NASDAQ:CSCO) – The stock values of technology companies declined by 5.6% in Thursday’s pre-market following the release of quarterly results. Cisco reported earnings of $0.87 per share on $12.79 billion in revenue, against the consensus estimates from LSEG of $0.84 per share in revenue of $12.71 billion. The net profit dropped to $2.63 billion, or 65 cents per share, from $2.77 billion, or 67 cents per share, in the same quarter of the previous year, while revenue fell 6% year over year. Additionally, Cisco unveiled a restructuring plan that would result in the elimination of 5% of jobs.
Applovin (NASDAQ:APP) – The technology company’s shares increased by more than 17% in pre-market trading after presenting impressive results for the fourth quarter and providing promising projections for the future. Applovin recorded a profit of 49 cents per share on revenue of $953 million. Analysts surveyed by LSEG had forecasted a profit per share of 35 cents with revenue of $928 million.
Twilio (NYSE:TWLO) – The value of the customer engagement company’s shares decreased by 11.4% in pre-market trading. For the current quarter, Twilio announced revenue projections that fell short of the financial market’s expectations, predicting a range between $1.025 billion and $1.035 billion. Analysts surveyed by LSEG were expecting revenues of $1.049 billion. Additionally, the number of active customers also fell short of StreetAccount’s estimates, totaling 305,000 instead of the expected 311,000.
Fastly (NYSE:FSLY) – Shares of the cloud services company fell about 24.8% in pre-market trading due to indicators of a slowdown in sales growth. Fastly‘s revenue in the fourth quarter totaled $138 million, below Wall Street’s expectations of $140 million as reported by LSEG. Furthermore, the company forecasted a slowdown in revenue for the current quarter.
JFrog (NASDAQ:FROG) – The software company’s shares rose 21.3% in pre-market trading after its fourth-quarter report revealed better-than-anticipated results. JFrog recorded an adjusted earnings per share of 19 cents on revenue of $97 million. Analysts surveyed by LSEG had estimated earnings per share of 12 cents with revenue of $93 million.
Informatica (NYSE:INFA) – The business technology company released fourth-quarter results that exceeded expectations. Informatica announced an adjusted profit of 32 cents per share on revenue of $445 million. Analysts surveyed by LSEG had predicted earnings of 30 cents per share on revenue of $432 million.
Equinix (NASDAQ:EQIX) – Equinix projected adjusted core earnings for the fiscal year 2024 between $4.09 billion and $4.17 billion, surpassing the expectations of $4.05 billion. The estimated revenue for the first quarter is between $2.13 billion and $2.15 billion, compared to estimates of $2.14 billion.
NerdWallet (NASDAQ:NRDS) – NerdWallet reported a loss of 3 cents per share in the fourth quarter, while analysts had anticipated a positive profit of 10 cents per share, as indicated by LSEG.
Occidental Petroleum (NYSE:OXY) – Occidental Petroleum exceeded estimates for fourth-quarter earnings, presenting its best quarterly result in three years and reducing expenses. OXY projected a marginal increase in oil and gas production to 1.25 million barrels per day (boepd) this year. The adjusted profit was $0.74 per share, surpassing the estimates of $0.71 per share.
Albermarle (NYSE:ALB) – The lithium manufacturer’s stock value decreased by 3.4% following the release of the quarterly report. Albermarle‘s net sales fell 10% in the fourth quarter compared to the previous year, and the company recorded a net loss due to a pre-tax charge and a tax valuation charge in China.
Tripadvisor (NASDAQ:TRIP) – In the last quarter, Tripadvisor announced an adjusted profit of 38 cents per share and revenue of $390 million. Analysts surveyed by LSEG had predicted earnings of 22 cents per share and revenue of $374 million.
Stellantis (NYSE:STLA) – Stellantis warned of a challenging year ahead after a 10% drop in operating profit in the second half of 2023, attributed to strikes and pressures in the global automotive market. The results exceeded expectations, but the outlook for 2024 is vague. Stellantis‘ adjusted operating profit fell to 10.2 billion euros. The margin dropped to 11.2%. Adjusted operating profit in North America fell 16% to 5.271 billion euros, with a margin of 13%.
Ventas (NYSE:VTR) – Ventas reported a 4.1% increase in its fourth-quarter FFO, reaching 76 cents per share. For 2024, the company forecasts a normalized FFO between $3.07 and $3.18 per share, below analysts’ estimates of $3.21 per share.
Coinbase Global (NASDAQ:COIN) – Coinbase Global shares rose 4.8% in pre-market trading ahead of the cryptocurrency trading platform’s fourth-quarter earnings scheduled for after market close. Analysts expect Coinbase to report earnings of 2 cents per share on revenue of $826 million.
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93288631/cisco-systems-stock-drops-5-following-restructuri
Mark Zuckerberg tries Apple Vision Pro, claims Meta Quest 3 is ‘the best product, period’
Wednesday, February 14, 2024 8:59 am
4 Comments
Meta CEO Mark Zuckerberg tried the Apple Vision Pro spatial computer yet still claims that his company’s Quest 3 AR/VR headset is “the best product, period.”
Tom Gerken for The Beeb:
The Vision Pro grabbed headlines as celebrities including Diplo and T-Pain wore it in public, with the “passthrough” feature allowing them to see their surroundings while using it.
But in a video shot using the Meta Quest 3’s own passthrough, Zuckerberg insisted his company’s headset is “the best product, period.”
“I think Quest is the better product, period,” he said… “It seems like there are a lot of people who just assumed that Vision Pro would be higher quality because it’s Apple and it costs $3,000 (£2,400) more. But honestly, I’m pretty surprised that Quest is so much better for the vast majority of things that people use these headsets for with that price differential.”
MacDailyNews Take: Dude sounds like a delusional Nokia or Research In Motion CEO circa 2007. Put down the pipe and your cheap toy’s plastic hand controllers, Marky.
See also:
• Gizmodo reviews Apple Vision Pro: ‘Beautiful and very impressive’ – February 13, 2024
• Engadget reviews Apple Vision Pro: ‘It’s magical, almost telepathic’ – February 9, 2024
• CNBC reviews Apple Vision Pro: ‘The future of computing and entertainment’ – January 30, 2024
• Tom’s Guide hands-on with Apple Vision Pro: ‘Feels like the future of computing’ – January 19, 2024
• Apple’s Vision Pro is provoking ‘audible gasps’ from developers – August 25, 2023
• Work on Apple Vision Pro began under Steve Jobs – August 23, 2023
And, now, we fire up iCal and reveal some of the many wonders it holds!
In a perfect world, the next quote you’d hear from the following buffoons would be, “You want fries with that?”
• “[iPhone] just doesn’t matter anymore. There are now alternatives to the iPhone, which has been introduced everywhere else in the world. It’s no longer a novelty.” – Eamon Hoey, Hoey and Associates, April 30, 2008
• “We are not at all worried. We think we’ve got the one mobile platform you’ll use for the rest of your life. [Apple] are not going to catch up.” – Scott Rockfeld, Microsoft Mobile Communications Group Product Manager, April 01, 2008
• “Microsoft, with Windows Mobile/ActiveSync, Nokia with Intellisync, and Motorola with Good Technology have all fared poorly in the enterprise. We have no reason to expect otherwise from Apple.” – Peter Misek, Canaccord Adams analyst, March 07, 2008
• “[Apple should sell 7.9 million iPhones in 2008]… Apple’s goal of selling 10 million iPhones this year is optimistic.” – Toni Sacconaghi, Bernstein Research analyst, February 22, 2008
• “What does the iPhone offer that other cell phones do not already offer, or will offer soon? The answer is not very much… Apple’s stated goal of selling 10 million iPhones by the end of 2008 seems ambitious.” – Laura Goldman, LSG Capital, May 21, 2007
• Motorola’s then-Chairman and then-CEO Ed Zander said his company was ready for competition from Apple’s iPhone, due out the following month. “How do you deal with that?” Zander was asked at the Software 2007 conference. Zander quickly retorted, “How do they deal with us?” – Ed Zander, May 10, 2007
• “The iPhone is going to be nothing more than a temporary novelty that will eventually wear off.” – Gundeep Hora, CoolTechZone Editor-in-Chief, April 02, 2007
• “Apple should pull the plug on the iPhone… What Apple risks here is its reputation as a hot company that can do no wrong. If it’s smart it will call the iPhone a ‘reference design’ and pass it to some suckers to build with someone else’s marketing budget. Then it can wash its hands of any marketplace failures… Otherwise I’d advise people to cover their eyes. You are not going to like what you’ll see.” – John C. Dvorak, Bloated Gas Bag, March 28, 2007
• “Even if [the iPhone] is opened up to third parties, it is difficult to see how the installed base of iPhones can reach the level where it becomes a truly attractive service platform for operator and developer investment.” – Tony Cripps, Ovum Service Manager for Mobile User Experience, March 14, 2007
• “I’m more convinced than ever that, after an initial frenzy of publicity and sales to early adopters, iPhone sales will be unspectacular… iPhone may well become Apple’s next Newton.” – David Haskin, Computerworld, February 26, 2007
• “There’s an old saying — stick to your knitting — and Apple is not a mobile phone manufacturer, that’s not their knitting… I think people overreacted to it — there was not a lot of tremendously new stuff if you think about it.” – Greg Winn, Telstra’s operations chief, February 15, 2007
• “Consumers are not used to paying another couple hundred bucks more just because Apple makes a cool product. Some fans will buy [iPhone], but for the rest of us it’s a hard pill to swallow just to have the coolest thing.” – Neil Strother, NPD Group analyst, January 22, 2007
• “I can’t believe the hype being given to iPhone… I just have to wonder who will want one of these things (other than the religious faithful)… So please mark this post and come back in two years to see the results of my prediction: I predict they will not sell anywhere near the 10M Jobs predicts for 2008.” – Richard Sprague, Microsoft Senior Marketing Director, January 18, 2007
• “The iPhone’s willful disregard of the global handset market will come back to haunt Apple.” – Tero Kuittinen, RealMoney.com, January 18, 2007
• “[Apple’s iPhone] is the most expensive phone in the world and it doesn’t appeal to business customers because it doesn’t have a keyboard which makes it not a very good email machine… So, I, I kinda look at that and I say, well, I like our strategy. I like it a lot.” – Steve Ballmer, Microsoft CEO, January 17, 2007
• “The iPhone is nothing more than a luxury bauble that will appeal to a few gadget freaks. In terms of its impact on the industry, the iPhone is less relevant… Apple is unlikely to make much of an impact on this market… Apple will sell a few to its fans, but the iPhone won’t make a long-term mark on the industry.” – Matthew Lynn, Bloomberg, January 15, 2007
• “iPhone which doesn’t look, I mean to me, I’m looking at this thing and I think it’s kind of trending against, you know, what’s really going, what people are really liking on, in these phones nowadays, which are those little keypads. I mean, the Blackjack from Samsung, the Blackberry, obviously, you know kind of pushes this thing, the Palm, all these… And I guess some of these stocks went down on the Apple announcement, thinking that Apple could do no wrong, but I think Apple can do wrong and I think this is it.” – John C. Dvorak, Bloated Gas Bag, January 13, 2007
• “I am pretty skeptical. I don’t think [iPhone] will meet the fantastic predictions I have been reading. For starters, while Apple basically established the market for portable music players, the phone market is already established, with a number of major brands. Can Apple remake the phone market in its image? Success is far from guaranteed.” – Jack Gold, founder and principal analyst at J. Gold Associates, January 11, 2007
• “Apple will launch a mobile phone in January, and it will become available during 2007. It will be a lovely bit of kit, a pleasure to behold, and its limited functionality will be easy to access and use. The Apple phone will be exclusive to one of the major networks in each territory and some customers will switch networks just to get it, but not as many as had been hoped. As customers start to realise that the competition offers better functionality at a lower price, by negotiating a better subsidy, sales will stagnate. After a year a new version will be launched, but it will lack the innovation of the first and quickly vanish. The only question remaining is if, when the iPod phone fails, it will take the iPod with it.” – Bill Ray, The Register, December 26, 2006
• “The economics of something like [an Apple iPhone] aren’t that compelling.” – Rod Bare, Morningstar analyst, December 08, 2006
• “Apple is slated to come out with a new phone… And it will largely fail…. Sales for the phone will skyrocket initially. However, things will calm down, and the Apple phone will take its place on the shelves with the random video cameras, cell phones, wireless routers and other would-be hits… When the iPod emerged in late 2001, it solved some major problems with MP3 players. Unfortunately for Apple, problems like that don’t exist in the handset business. Cell phones aren’t clunky, inadequate devices. Instead, they are pretty good. Really good.” – Michael Kanellos, CNET, December 07, 2006
• “We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in.” – Ed Colligan, Palm CEO, November 16, 2006
Related
Meta’s Zuckerberg dismisses Apple Vision Pro; ‘not the one that I want’
Thursday, June 8, 2023
In "News"
Mark Zuckerberg takes thinly veiled shot at Apple; implies Apple’s AR/VR headset will be very expensive
Thursday, October 13, 2022
In "News"
Zuckerberg panics, Osborne Effects Meta with rushed ‘Quest 3’ headset reveal
Thursday, June 1, 2023
In "News"
https://macdailynews.com/2024/02/14/mark-zuckerberg-tries-apple-vision-pro-claims-meta-quest-3-is-the-best-product-period/
Crypto: Citi Tokenizes Blockchain Funds, Robinhood’s Crypto Revenue Surges by 10%,("This increase suggests a possible positive scenario for Coinbase, which will report quarterly results on Thursday") and Latest Updates
February 14 2024 - 12:17PM
IH Market News
Bitcoin recovery boosts crypto stocks in the US
A recent surge of Bitcoin (COIN:BTCUSD) above $51,000 has boosted the shares of crypto companies in the US, with Coinbase (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR) among the beneficiaries. The increase propelled BTC to a market capitalization of $1 trillion, aligning it with giants like Meta (NASDAQ:META) and Amazon (NASDAQ:AMZN). The appreciation was accompanied by a growth in the number of Bitcoin whales, reflecting a growing interest in the crypto sector and related investments. Additionally, the upcoming Bitcoin halving may occur on April 20, known as “weed day.” CoinGecko, based on Blockchair data, suggests that the event could be between April 20 and 21. If confirmed on this date, the halving, which will halve miners’ rewards, promises to generate a wave of memes in the community, continuing the tradition of crypto humor at key market moments.
Records and growth in Bitcoin ETFs
On February 13, 2024, BlackRock’s ETF (NASDAQ:IBIT) reached a milestone with an influx of $493 million, bringing its total to $4.6 billion and 105,000 BTC in holdings. Fidelity’s ETF (AMEX:FBTC) also grew, with inflows of $164 million, totaling $3.3 billion. Meanwhile, GBTC (AMEX:GBTC) saw outflows of $73 million, accumulating a total of $6.6 billion in outflows. The Bitcoin ETF market recorded net inflows of $3.8 billion, totaling about 236,982 BTC in holdings.
Significant depreciation of Bitcoin forks against BTC
Major Bitcoin forks, such as Bitcoin Cash (COIN:BCHUSD), Bitcoin SV (COIN:BSVUSD), and eCash (COIN:XECUSD), have faced significant declines in value since the 2021 peak, with losses of 48%, 42%, and 71% respectively against BTC. While Bitcoin has shown resilience, these forks have shown volatility and temporary recoveries, especially during BlackRock’s (NASDAQ:IBIT) entry into the Bitcoin ETF market. However, in the long term, institutional preference and interest in the original Bitcoin may be negatively impacting the performance of these forks.
Solana surpasses Binance Coin in market value
On Wednesday, Solana (COIN:SOLUSD) briefly surpassed Binance Coin (COIN:BNBUSD) as the fourth largest digital asset by market capitalization, reaching $50 billion. The growth is driven by Solana network’s resilience and an increase in DeFi activity, with TVL approaching $2 billion. Solana also recorded robust activity in its DEX, with $9 billion in trades this month.
Starknet announces strategic airdrop to 1.3 million wallets
Starknet Foundation has revealed details of the anticipated airdrop to 1.3 million wallets, encompassing a wide range of users, from dApps pioneers to network contributors. The STRK token, introduced to strengthen decentralization and governance, will be distributed on February 20, with recipients having until June 20 to claim. This key event will distribute 7% of the total 10 billion STRK tokens, marking a significant moment in Starknet’s development.
Security breach at PlayDapp results in PLA token loss
PlayDapp (COIN:PLAUSD), a cryptocurrency-based gaming platform, faced severe security breaches, with PLA token losses estimated at $290 million. Elliptic reported that an unauthorized wallet created 200 million PLA tokens, compromising the private key. PlayDapp offered a $1 million reward for the return of the funds, but there was a new minting of 1.59 billion tokens. Elliptic is working to recover the funds, while the value of PLA has significantly declined.
Citi innovates with fund tokenization on blockchain
Citi (NYSE:C) collaborated with WisdomTree and Wellington Management to test the tokenization of private equity funds on Avalanche’s Spruce subnetwork, aiming to innovate capital markets. This project on the Evergreen subnetwork, geared towards financial institutions, included token transfers and asset validation via secured loans. The initiative reflects Wall Street’s growing interest in blockchain, promising more efficiency and compliance for the sector.
Innovative partnership between Hedera and Mondelez for DLT
Hedera Hashgraph (COIN:HBARUSD) has partnered with Mondelez International (NASDAQ:MDLZ), a giant in the food industry, to develop distributed ledger technology (DLT) solutions focused on digital transformation and supply chain management. As a new member of the Hedera Council, Mondelez aims to boost operational efficiency using Hedera’s unique hashgraph technology, promising fast and secure transactions, benefiting renowned brands like Oreo and Cadbury.
Advancement in Ethereum staking with Taurus-Lido partnership
The partnership between Taurus, a Swiss cryptocurrency custody, and Lido (COIN:LDOUSD), a pioneer in Ethereum staking, brings banks closer to offering Ethereum token staking yields to customers. Initially available to Swiss banks regulated by FINMA, Lido’s liquid staking service allows Ether locking and issuance of tradable stETH tokens (COIN:STETHUSD). This collaboration aims to connect traditional finance and digital assets, expanding staking services to financial institutions.
ENS Labs evaluates $300,000 settlement offer in domain dispute
ENS Labs, the organization responsible for Ethereum Name Service (ENS) development and maintenance, is considering a $300,000 proposal from Manifold Finance to settle the dispute over the eth.link domain, vital for the Ethereum community. The offer, which includes confidentiality and non-depreciation clauses, comes after an unexpected auction of the domain in 2022. Facing legal costs of $750,000, ENS Labs seeks guidance from its DAO on accepting the offer, negotiating, continuing litigation, or closing the case, weighing the domain’s future and the costs involved.
CoinShares achieves $42 million profit in 4Q 23
CoinShares (TG:3TW), a European leader in crypto investment, reported a profit of $42 million in the last quarter of 2023, marking a recovery after a challenging year. The company attributed success to asset tokenization and service expansion, including the acquisition of Valkyrie in the US, supported by the recent SEC approval for Bitcoin ETFs. With $5.87 billion under management, CoinShares consolidates its European leadership and aims for American expansion.
Revenue growth in crypto boosts Robinhood
Robinhood (NASDAQ:HOOD), a widely used trading platform, reported a 10% increase in crypto revenue in the last quarter, reaching $43 million. Cryptocurrency trading volume on the platform grew by 89%, driven by expectations of Bitcoin ETF approval in the US. This increase suggests a possible positive scenario for Coinbase, which will report quarterly results on Thursday. With total revenue of $471 million and earnings per share of $0.03, Robinhood exceeded expectations. The company also plans to expand its market share in crypto and advance into international markets, already starting operations in the European Union.
New pro-crypto leadership in Indonesia with Prabowo and Gibran
Prabowo Subianto and Gibran Rakabuming Raka, crypto-friendly, have been elected president and vice president of Indonesia, respectively. With nearly 60% of the votes, they promise to maintain the country’s pro-crypto policies. The previous administration had already explored crypto’s potential for the economy, with Indonesia recording more cryptocurrency investors than stock investors. The new leadership plans to strengthen fiscal oversight and foster talent in blockchain and cryptocurrencies.
Japanese FSA strengthens security in crypto exchanges
The Financial Services Agency of Japan (FSA) has suggested new guidelines to increase user security on cryptocurrency platforms, recommending that banks suspend transfers with divergent sender and account holder names and intensify monitoring of suspicious transactions. These measures aim to combat fraud in crypto exchange services, following Japan’s trend of maintaining rigorous regulations in the cryptocurrency sector.
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93278972/crypto-citi-tokenizes-blockchain-funds-robinhood
Saving >$74 billion, as a start: How Crypto makes everyday finance fairer, cheaper, and easier
Tl;dr: Our current financial system costs regular Americans too much, takes too long, and is too hard to access. According to Coinbase’s latest State of Crypto Report, frustration over fees alone is the top reason for discontent with the system. In 2022, consumers could have saved at least $74 billion in credit card transaction fees by using blockchain technology instead, amounting to an average of $600 per household. At least three in five Americans want updates to the system that make it cheaper, faster, and more accessible, and the top reasons why they see potential in crypto are its ease of use, affordability, and fully digital lack of middlemen.
By Coinbase Company, February 7, 2024, 4min read time
https://www.coinbase.com/blog/saving-greater-than-usd74-billion-as-a-start-how-crypto-makes-everyday
Bitcoin Surges Past $45K, Coinbase Spotlights $74 Billion Blockchain Savings, and Latest Crypto News
February 08 2024 - 01:26PM
IH Market News
Bitcoin surpasses $45,000 on Thursday
In the last 24 hours, Bitcoin (COIN:BTCUSD) has crossed the $45,000 mark, coinciding with the historical peak of US stock market indices. Fernando Pereira, an analyst at Bitget, shared his view on Bitcoin’s immediate future, highlighting two potential paths: “I see 2 possibilities for the short term in BTC. Failing at $45,000 and falling again or breaking through that region, going back to $49,000 and failing there.” Additionally, Pereira expressed skepticism about a sharp increase beyond these points in the short term: “I don’t see fuel to rise much more than that in the coming weeks, the supply is growing too much.“
Ethereum announces Dencun update for March with transaction advancements
Ethereum’s (COIN:ETHUSD) Dencun update is scheduled for March 13, bringing “proto-danksharding” functionality to improve efficiency in secondary layer transactions. This advancement, flawlessly tested on the Holesky network, is expected to reduce costs and facilitate data storage, marking the biggest blockchain evolution since April 2023. Final confirmation depends on developers and will be formalized on GitHub, with implementation occurring in blockchain slot 8626176. Additionally, Ethereum staking has grown, with 25% of its supply now staked. Lido’s (COIN:LDOUSD) leadership in the market and the $73 billion valuation of staked ETH highlight the network’s growing robustness and security.
Ark Invest and 21Shares amend Ethereum ETF filing for cash redemptions
Ark Invest and 21Shares have updated their Ethereum ETF filing, specifying that only cash transactions will be allowed for creations and redemptions of shares, excluding operations with ETH. The change aligns with Bitcoin spot ETF practices. Additionally, the filing suggests the possibility of Ethereum staking, although with uncertainties about its final approval by the SEC. The decision on spot Ethereum ETFs is expected in May.
BlackRock and Fidelity ETFs’ liquidity advantage over Grayscale
According to JPMorgan (NYSE:JPM), BlackRock’s (NASDAQ:IBIT) and Fidelity’s (AMEX:FBTC) Bitcoin spot ETFs already show superiority over the Grayscale Bitcoin Trust (AMEX:GBTC) in terms of market liquidity. Despite Grayscale’s fee reduction to 1.5%, its offerings are still more expensive than competitors. Metrics such as market breadth and deviation from net asset value suggest better liquidity for BlackRock and Fidelity ETFs, challenging GBTC’s leadership. On February 7, Fidelity’s FBTC led with inflows of $130 million, bringing total inflows to $2.7 billion. BlackRock’s IBIT had a modest net inflow of $56 million, bringing its total net inflows to $3.3 billion. Grayscale’s GBTC faced outflows, despite the overall positive market balance of $1.7 billion. Bitcoin ETFs experienced a net inflow for the ninth consecutive day.
Deribit expands portfolio with options for SOL, XRP, and MATIC
Deribit, a leading cryptocurrency derivatives platform, is expanding its offerings by including linear options for Solana (COIN:SOLUSD), XRP (COIN:XRPUSD), and Polygon (COIN:MATICUSD), in response to customer demand. The introduction of options in USDC marks a significant advancement for the platform, which already has a significant share in Bitcoin (COIN:BTCUSD) and Ethereum (COIN:ETHUSD) contracts. Increased activity on Deribit highlights growing interest from both institutional and retail investors.
Monero rebounds after Binance delisting announcement
After a sharp decline due to the Binance delisting announcement, Monero (COIN:XMRUSD) saw a partial recovery in its value on February 7. The price, which had dropped to $100, rose to $130, marking a 27% increase from the lowest point. At the time of writing, the token showed a -5.1% retracement in the last 24 hours, trading at $124.19. Delisting is scheduled for February 20, but Binance will allow XMR withdrawals and conversions until May, which may gradually influence its market price.
Wormhole launches native token ‘W’ with focus on decentralized governance
Cross-chain protocol Wormhole has announced the launch of its native token ‘W’, with an initial supply of 1.8 billion out of a maximum of 10 billion. Intended for various groups, 82% of the tokens will be locked and gradually released over four years. The launch aims to advance the decentralization of the protocol’s governance, allowing the community to influence important decisions.
ADGM and Solana Foundation partner to advance Blockchain
The Abu Dhabi Global Market (ADGM) has joined forces with the Solana Foundation, aiming to foster the adoption of blockchain technologies and drive innovation in the sector. This agreement, based on ADGM’s recent DLT regulations, reinforces the commitment of the United Arab Emirates to being a global leader in blockchain innovations and financial technology services.
Coinbase report highlights $74 billion blockchain economy
Coinbase’s (NASDAQ:COIN) “State of Crypto Report” reveals that adopting blockchain technology could have saved American consumers about $74 billion in credit card fees in 2022. Dissatisfaction with high fees and the slowness of the current financial system motivates a desire for reforms, with many Americans seeking faster, cheaper, and more accessible transactions. The study underscores blockchain’s potential to transform the financial system, significantly reducing costs for consumers and merchants.
Frax Finance launches Fraxtal Layer 2 network with select partners
Frax Finance, known for its innovative partially algorithmic stablecoin Frax (COIN:FRAXUSD), expands its DeFi ecosystem with the launch of Fraxtal, an Ethereum Layer 2 network. Initially, Fraxtal is available for selected partner applications and was developed using OP Stack, aiming to integrate with the Optimism Superchain (COIN:OPUSD) ecosystem. This network promises significant expansion, offering a robust platform for financial dapps with general access expected soon.
Bakkt warns of financial risks amid expansion
Bakkt, a digital asset giant, has notified the SEC of its concern about the possibility of running out of financial resources due to crypto sector dynamics. Despite high-profile partnerships and international expansion, the company faces uncertainties in new markets and a challenging environment, leading it to reconsider strategies and seek additional funding to sustain its future operations.
Flood raises $5.2 million to advance Ethereum DEX aggregation
Flood, an Ethereum-focused DEX aggregator, has raised $5.2 million in a round led by Bain Capital Crypto and Archetype. The startup, which already operates on Arbitrum One and aims to expand to other networks, stands out for its optimal routing that ensures the best prices in trades. With plans for hiring and expansion, Flood introduces innovations such as gasless trading and a model that avoids maximum extractable value, reinforcing efficiency and security for users.
Legal turnaround in Montenegro suspends Do Kwon’s extradition
The Appeals Court of Montenegro has canceled the extradition of Terraform Labs co-founder Do Kwon to South Korea or the US, acknowledging defense arguments pointing to procedural flaws in the previous decision. The court indicated the need for clarifications in the extradition requests, leading the case back to the initial instance for a new evaluation.
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93238287/bitcoin-surges-past-45k-coinbase-spotlights-74