Coinbase to Participate in the Oppenheimer 27th Annual Technology, Internet & Communications Conference
August 06 2024 - 4:15PM
Business Wire

Coinbase Global, Inc. announced today that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Oppenheimer 27th Annual Technology, Internet & Communications Conference on Tuesday, August 13, 2024 at 1:15 pm ET / 10:15 am PT.

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

In addition to filings with the Securities and Exchange Commission, Coinbase uses its Investor Relations website (investor.coinbase.com), its blog (blog.coinbase.com), press releases, public conference calls and webcasts, its X feed (@coinbase), Brian Armstrong’s X feed (@brian_armstrong), its LinkedIn page, and its YouTube channel as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

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.



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https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/94326648/coinbase-to-participate-in-the-oppenheimer-27th-an

Warren Buffett’s Berkshire Hathaway chops Apple stake in half
Monday, August 5, 2024 8:56 am
11 Comments

https://macdailynews.com/2024/08/05/warren-buffetts-berkshire-hathaway-chops-apple-stake-in-half/

After Buffett slashes AAPL stake, Apple investors urged to remain calm
Monday, August 5, 2024 11:26 am
1 Comment

https://macdailynews.com/2024/08/05/warren-buffetts-berkshire-hathaway-chops-apple-stake-in-half/

Berkshire Hathaway (NYSE:BRK.B) – Warren Buffett increased Berkshire Hathaway’s cash reserves to $276.9 billion in June, up from $189 billion the previous quarter. The company sold $75.5 billion in stocks, including around 505 million Apple shares. Despite a record operating profit of $11.6 billion in Q2 (up 15%), Berkshire bought only $345 million of its own shares, less than the $2.57 billion the previous quarter. Net profit fell 15%, totaling $30.34 billion. According to Buffett, the sale of nearly half of Berkshire’s Apple stake does not indicate a lack of confidence in the tech giant but rather a risk management strategy. Buffett adjusted his Apple position to reduce concentration and balance the portfolio. Apple remains Berkshire’s largest position, and the decision reflects caution regarding the stake size rather than doubt about the company’s future. Buffett believes the market is overestimating the impact of AI innovation, but the company still has significant potential. BRK.B shares are down -3.8% pre-market.

Apple (NASDAQ:AAPL) – Apple Intelligence, shown to developers, still does not match the expected enthusiasm. Apple delayed its introduction to October and did not include all features in the initial release. The company is also reorganizing its design leadership and expects revenue growth despite weakness in China. The iPhone 16 will launch in September, while Apple Intelligence will be integrated later. In Thailand, Apple pulled an ad after criticism that the film, depicting Bangkok and Rayong, misrepresented the country as underdeveloped. Lawmakers and citizens protested, and the Thai government was concerned about the country’s tourism image. Apple apologized, stating it did not intend to offend. Apple shares are down -6.5% pre-market.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94312835/nvidia-ai-chip-delays-mars-eyes-kellanova-acquisi

Coinbase (NASDAQ:COIN) – Brian Armstrong, CEO of the cryptocurrency exchange Coinbase, stated that any future U.S. government will be “constructive” towards cryptocurrencies. Despite intense SEC scrutiny, the sector has gained significant support, reflected in political campaigns and candidate promises, which could influence crypto asset legislation. Although many at the Bitcoin Conference 2024 in Nashville were excited about Trump, there’s notable division within the crypto community. Some believe his political ideas oppose Bitcoin’s ethos, which aims to be decentralized and government-independent. Trump’s popularity among Bitcoin enthusiasts may be more a response to current regulation than genuine support for cryptocurrency concepts. Coinbase shares fell 12.9% pre-market, while Bitcoin dropped -8.5% in the past 24 hours.

Nvidia AI Chip Delays, Mars Eyes Kellanova Acquisition, Berkshire Hathaway’s Cash Surge to $277 Billion
August 05 2024 - 5:43AM
IH Market News

Nvidia (NASDAQ:NVDA) – According to Reuters, design flaws could delay the launch of Nvidia’s new AI chips by up to three months, affecting customers like Meta, Google, and Microsoft. The Blackwell series, succeeding the Grace Hopper Superchip, faces production issues, impacting orders from these major companies. Shares fell 7% pre-market.

Kellanova (NYSE:K) – Mars, the maker of M&M’s and Snickers, is considering acquiring Kellanova, the producer of snacks like Cheez-It and Pringles, with a market value of $27 billion. This potential deal, one of the largest in the sector, might face regulatory challenges and test the interest of other buyers, while Kellanova continues to trade below some competitors. Shares rose 6.7% pre-market.

Berkshire Hathaway (NYSE:BRK.B) – Warren Buffett increased Berkshire Hathaway’s cash reserves to $276.9 billion in June, up from $189 billion the previous quarter. The company sold $75.5 billion in stocks, including around 505 million Apple shares. Despite a record operating profit of $11.6 billion in Q2 (up 15%), Berkshire bought only $345 million of its own shares, less than the $2.57 billion the previous quarter. Net profit fell 15%, totaling $30.34 billion. According to Buffett, the sale of nearly half of Berkshire’s Apple stake does not indicate a lack of confidence in the tech giant but rather a risk management strategy. Buffett adjusted his Apple position to reduce concentration and balance the portfolio. Apple remains Berkshire’s largest position, and the decision reflects caution regarding the stake size rather than doubt about the company’s future. Buffett believes the market is overestimating the impact of AI innovation, but the company still has significant potential. BRK.B shares are down -3.8% pre-market.

Apple (NASDAQ:AAPL) – Apple Intelligence, shown to developers, still does not match the expected enthusiasm. Apple delayed its introduction to October and did not include all features in the initial release. The company is also reorganizing its design leadership and expects revenue growth despite weakness in China. The iPhone 16 will launch in September, while Apple Intelligence will be integrated later. In Thailand, Apple pulled an ad after criticism that the film, depicting Bangkok and Rayong, misrepresented the country as underdeveloped. Lawmakers and citizens protested, and the Thai government was concerned about the country’s tourism image. Apple apologized, stating it did not intend to offend. Apple shares are down -6.5% pre-market.

Intel (NASDAQ:INTC) – Intel will face a contraction period, including layoffs and dividend suspension, following negative financial reports. Shares fell 26% on Friday due to margin declines and cost-cutting needs. The company’s future focus is on new products like Lunar Lake and Gaudi 3, essential for regaining competitiveness. In contrast, Qualcomm and Arm posted positive results, excelling in revenue and licensing growth, respectively. Shares fell 3.6% pre-market.

CrowdStrike (NASDAQ:CRWD), Delta Air Lines (NYSE:DAL) – Alphabet’s CapitalG fund reduced its stake in CrowdStrike from 855,789 to 427,895 shares by June 30. This occurred before a global disruption in July caused by a CrowdStrike software update, affecting various sectors and resulting in a 35% drop in the company’s stock value. In other related news, CrowdStrike denies responsibility for Delta Air Lines’ flight disruptions in July, suggesting minimal contractual liability. Delta claims a $500 million loss and is considering suing the cybersecurity firm. CrowdStrike said it offered help immediately after the incident, but Delta did not respond. CrowdStrike shares fell 4.1% pre-market. Delta shares fell 3.5%.

Alphabet (NASDAQ:GOOGL) – Character.AI, an AI chatbot platform, announced a deal with Google to license its language technology, reflecting the trend of large companies acquiring AI startups. Cofounder Noam Shazeer and others are returning to Google, where they previously worked. The startup will receive additional funding, but the amount has not been disclosed yet. Shares fell 4.5% pre-market.

Dun & Bradstreet (NYSE:DNB), Cannae Holdings (NYSE:CNNE) – Dun & Bradstreet is considering a sale, working with Bank of America to explore potential buyer interest, including private equity. Cannae Holdings, the largest shareholder, might include its stake in the deal. Dun & Bradstreet shares fell 2.2% pre-market.

23andMe (NASDAQ:ME) – 23andMe rejected CEO Anne Wojcicki’s acquisition offer, considering it too low. She had proposed buying all remaining shares at $0.40 each. The company is now seeking other options to maximize shareholder value and has given Wojcicki and investors more time to submit a revised proposal.

Meta Platforms (NASDAQ:META) – Meta is offering millions to celebrities like Judi Dench and Awkwafina to use their voices in AI projects. The company aims to create tools for its Connect 2024 event. Negotiations face challenges due to disagreements over voice usage terms, with Hollywood concerns about AI’s impact. Meta shares fell 5.6% pre-market.

Warner Bros. Discovery (NASDAQ:WBD) – Warner Bros. Discovery gained more streaming subscribers during the first four days of the Paris Olympics than throughout the Tokyo Games. Viewership exceeded Tokyo’s after two days, boosted by the European time zone and outdoor studios in Paris. Shares fell 4.1% pre-market.

Uber Technologies (NYSE:UBER) – Tony West, Uber’s chief legal officer and brother-in-law of Vice President Kamala Harris, is taking a leave to help with Harris’s presidential campaign. West will leave Uber on August 17 to support the campaign as a volunteer, with no formal role or pay, and plans to return after the campaign. Uber shares fell 5% pre-market.

Tesla (NASDAQ:TSLA) – Elon Musk’s Neuralink successfully implanted its device in a second patient, enabling them to control digital devices with their thoughts. The device, designed to help people with spinal cord injuries, already allowed the first patient to perform digital activities. Musk noted that the second implant is functioning well, with more tests planned. Tesla shares fell 5.3% pre-market.

JPMorgan Chase (NYSE:JPM) – JPMorgan is considering suing the Consumer Financial Protection Bureau (CFPB) over investigations into Zelle. The bank claims it already reimburses unauthorized transactions and wants to prevent the CFPB from imposing new rules requiring refunds for fraud where customers were deceived. Zelle, a peer-to-peer payment app, allows quick money transfers between bank accounts, widely used since its 2017 launch. Shares fell 3.6% pre-market.

Citigroup (NYSE:C) – Don Plaus, who recently joined Citi to lead the wealth management division, is leaving after just four months. His departure raises questions about the new leadership’s efforts to revitalize the bank’s $540 billion wealth management sector. Shares fell 6.1% pre-market.

Lloyds Banking Group (NYSE:LYG) – Lloyds Banking Group appointed Rohit Dhawan as director of artificial intelligence and advanced analytics. He will integrate AI into the bank’s operational and customer processes. Dhawan, former head of data strategy and AI for AWS in Asia-Pacific, will help accelerate digitization and improve services like support and fraud detection. Shares fell 4.9% pre-market.

Coinbase (NASDAQ:COIN) – Brian Armstrong, CEO of the cryptocurrency exchange Coinbase, stated that any future U.S. government will be “constructive” towards cryptocurrencies. Despite intense SEC scrutiny, the sector has gained significant support, reflected in political campaigns and candidate promises, which could influence crypto asset legislation. Although many at the Bitcoin Conference 2024 in Nashville were excited about Trump, there’s notable division within the crypto community. Some believe his political ideas oppose Bitcoin’s ethos, which aims to be decentralized and government-independent. Trump’s popularity among Bitcoin enthusiasts may be more a response to current regulation than genuine support for cryptocurrency concepts. Coinbase shares fell 12.9% pre-market, while Bitcoin dropped -8.5% in the past 24 hours.

Eli Lilly (NYSE:LLY) – Eli Lilly’s Mounjaro and Zepbound medications, used for diabetes and weight loss, are listed as available on the Food and Drug Administration (FDA) website. However, the regulator has not removed the drugs from its shortage list, while Lilly invests in expanding production to meet high demand. Shares fell 4.1% pre-market.

Petrobras (NYSE:PBR), Galp Energia (EU:GALP) – Petrobras plans to include a partner in its proposal to acquire a 40% stake in Galp Energia’s Mopane block in Namibia. The decision to seek a partner aims to reduce risks, while Petrobras attempts to increase its reserves amid environmental challenges in Brazil. The offer should not impact the company’s dividends. Shares fell 1.7% pre-market.

United Parcel Service (NYSE:UPS) – UPS announced significant increases in year-end surcharges due to fewer operational days and higher delivery costs. The decision aims to offset revenue declines caused by slower deliveries from low-cost retailers. Experts fear this could drive customers away and reduce demand. Shares fell 0.9% pre-market.

Five Below (NASDAQ:FIVE) – Five Below will grant $1.5 million retention bonuses to four executives following CEO Joel Anderson’s departure in July, which caused shares to drop 16%. The bonuses include $300,000 in cash and $1.2 million in stock. The company also named Kenneth Bull as interim CEO, eligible for a $2 million bonus. Five Below shares have dropped 68% this year. Shares fell 1.5% pre-market.

McDonald’s (NYSE:MCD) – After earnings fell short of expectations, McDonald’s might adopt the “McSmart” model seen in Australia, Germany, and France, offering affordable meals. The platform has performed well abroad, suggesting a similar version in the U.S. could attract value-seeking consumers. Experts believe this change might be necessary due to the declining popularity of the “1, 2, 3 Dollar” menu. Shares fell 1.7% pre-market.

Walmart (NYSE:WMT) – Walmart’s “everyday low price” promise will be tested in its quarterly results after Amazon reported consumers are bargain hunting and predicted a weak quarter. Despite the pressure to keep prices low, Walmart may benefit due to its scale and focus on essential products. Shares fell 2.2% pre-market.

Amazon (NASDAQ:AMZN) – Jeff Bezos, founder of Amazon, established an automated stock sale plan with a price limit of $200. Sales began in July but halted when shares fell below this value. Currently, with shares at $167.90, future sales under the plan may be delayed. Shares closed down -8.8% on Friday and fell 2.4% pre-market.

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/94312839/nvidia-ai-chip-delays-mars-eyes-kellanova-acquisi

Report: Apple disrupts overseas acquisition that involves Indian partner

9to5Mac
By Ryan Christoffel
Jul 31, 2024, 10:05 am

photo of Report: Apple disrupts overseas acquisition that involves Indian partner imageApple is a technology company. It specializes in creating products. But as a global force in the world, it can also get caught up in international drama. Today, a new report details one such situation playing out that involves India, China, and competitor Vivo, with Apple disrupting a key acquisition. more…

https://9to5mac.com/2024/07/31/report-apple-disrupting-overseas-acquisition-that-involves-india-partner/

Coinbase expresses concerns over crypto regulation in Australia

"Coinbase (NASDAQ:COIN) expressed concerns about Australia’s crypto asset regulation, which they claim is unfavorable for the sector. The company seeks to avoid restrictive regulations based on law enforcement and awaits a new bill from the Australian Treasury by the end of 2024. The ASIC, which has prosecuted major crypto platforms, maintains its stringent approach, while Coinbase aims to influence legislative development and strengthen regulator relations."

Fed Impact in Crypto Market, California DMV Adopts Avalanche Blockchain, Riot Boosts Bitfarms Stake
July 31 2024 - 3:42PM
IH Market News

Impact of Mt. Gox BTC distribution and Federal Reserve decision on Bitcoin price
Bitcoin’s price remained stable after Mt. Gox transferred $2 billion in BTC on Tuesday, nearing the completion of its $9 billion distribution. A total of 47,229 BTC was moved, with 33,105 BTC possibly destined for BitGo, valued at $2.19 billion. This movement follows transfers to exchanges like Kraken and Bitstamp since July. Analysts suggest the market may be overcoming liquidation concerns, and a Glassnode report indicates creditors might hold their assets long-term.

On Wednesday afternoon, Bitcoin (COIN:BTCUSD) faced volatility due to the Federal Reserve’s interest rate decision and Chairman Jerome Powell’s statement. The Fed maintained the rate between 5.25%-5.50%. Powell mentioned that if data confirms slowing inflation, the Fed might consider rate cuts in the September meeting. The FOMC was optimistic about inflation reduction progress. Bond yields and the dollar rose, with Nasdaq and S&P 500 showing significant gains. Following the decision, Bitcoin briefly dipped before stabilizing, trading at $66,400. After the press conference, Bitcoin rose 0.50% to $66,497.53. With a 6.94% monthly gain in July, BTC has technical support around $65,700.

California DMV digitizes 42 million car titles on Avalanche blockchain
The California Department of Motor Vehicles digitized 42 million car titles on the Avalanche blockchain (COIN:AVAXUSD), modernizing operations. Partnering with Oxhead Alpha, Californians can manage and transfer titles digitally via a mobile wallet app, reducing DMV visits and increasing fraud security. This innovation reflects Governor Gavin Newsom’s commitment to adopting advanced technologies in the public sector.

Riot Platforms increases stake in Bitfarms after dilution plan cancellation
Riot Platforms (NASDAQ:RIOT), a Bitcoin miner based in Texas and Kentucky, purchased about 10 million additional shares of Bitfarms (NASDAQ:BITF), a Toronto-based miner. The stake increased to 15.9%, totaling $159.1 million. The acquisition followed the Ontario Capital Markets Tribunal’s cancellation of a plan that would have diluted Bitfarms shares for entities with over 15% stake. Riot seeks to acquire Bitfarms and has criticized its governance, while Bitfarms evaluates measures to protect its shareholders.

Bitcoin and Ethereum ETF flows on July 30
On July 30, Bitcoin ETFs saw a net outflow of $18.3 million, breaking a streak of inflows since July 23. Grayscale’s ETF (AMEX:GBTC) experienced a significant outflow of $73.6 million, bringing its total outflow to $18.9 billion. Bitwise (AMEX:BITB), ARK (AMEX:ARKB), and Fidelity (AMEX:FBTC) had smaller outflows, while BlackRock’s ETF (NASDAQ:IBIT) stood out with $74.9 million in inflows, raising its total net inflow to over $20 billion.

Ethereum ETFs had a net inflow of $33.7 million, the first since July 23. Grayscale’s ETF (AMEX:ETHE) saw $120.3 million in outflows, while BlackRock (NASDAQ:ETHA) had the largest inflow at $118.0 million. Total Ethereum ETF outflows amounted to $406.4 million so far.

Grayscale launches Mini Trust for Bitcoin after SEC approval
On Wednesday, Grayscale Investment began trading the Grayscale Bitcoin Mini Trust BTC (AMEX:BTC), a smaller version of the Grayscale Bitcoin Trust (AMEX:GBTC), after SEC approval. The new product, traded under the symbol “BTC,” aims to distribute shares to GBTC shareholders as they contribute bitcoin to the trust. Zach Pandl of Grayscale believes there will be high demand for low-cost bitcoin exposure, especially with growing attention on cryptocurrencies and macroeconomic trends.

Bitcoin Conference 2025 to be held in Las Vegas
Following the success of Bitcoin 2024 in Nashville, which brought together 22,000 participants, the Bitcoin Conference 2025 will take place in Las Vegas from May 27 to 29. The change highlights the city’s growth and innovation, becoming a hub for technology and entrepreneurship. Nevada Governor Joe Lombardo and BTC Inc. CEO David Bailey expressed excitement about Las Vegas, promising an event with panels, networking, and tech exhibitions. Tickets are now available for purchase.

During the Nashville Bitcoin Conference, Donald Trump raised $25 million, as reported by journalist Eleanor Terrett. Bitcoin Magazine CEO David Bailey confirmed the amount. The event featured notable figures like the Winklevoss twins and Kid Rock, reflecting the crypto community’s support for Trump, who vowed to fire SEC Chairman Gary Gensler. Trump’s campaign accepted cryptocurrency donations, totaling over $4 million by July 2024.

Ripple’s XRP token reaches four-month high and best monthly performance
Ripple’s XRP (COIN:XRPUSD) rose to an intraday high of $0.6587, its highest in four months, aiming for over 20% appreciation in July. The increase is attributed to growing interest from retail investors and large holders. Trading volume surged 165%, reaching $2.5 billion. Speculations about a possible settlement between Ripple and the SEC could further impact the token’s value.

Aptos Foundation launches stablecoin USDY on the Aptos blockchain
The Aptos Foundation (COIN:APTUSD) launched the USDY stablecoin by Ondo Finance on the Aptos network. USDY, backed by US Treasury bonds, is available to non-US residents and aims to democratize finance and support underserved communities. The asset is not yet registered under the US Securities Act. Additionally, stablecoin issuers like Tether have become major buyers of US debt, attracting attention to the potential impact on the US dollar’s dominance.

Reentrancy attack temporarily suspends Terra network
Terra developers halted the network on Wednesday following a reentrancy attack that drained over $4 million in tokens. The freeze occurred at block 11430400 to apply an emergency fix. The attack exploited a vulnerability disclosed in April, resulting in losses of $3.5 million in USDC, $500,000 in USDT, 2.7 BTC, and 60 million ASTRO.

ZKX protocol ceases operations due to economic unviability
The ZKX protocol, a social derivatives trading platform on Ethereum Layer-2 Starknet, ceased operations due to economic unviability. Founder Eduard Jubany Tur cited low user engagement and declining trading volumes as key factors. Despite raising $7.6 million in June, the ZKE token value plummeted, and operational costs were unmet. All markets were delisted and funds returned to users.

SEC accuses BitClout founder of fraud in crypto asset offering
The SEC sued Nader Al-Naji, founder of BitClout (now Decentralized Social), for raising over $257 million through unregistered crypto asset offerings under false pretenses. Al-Naji is accused of diverting $7 million for personal expenses and creating the impression of decentralization to avoid regulation. The US Attorney’s Office also filed similar charges.

Biden adviser leaves for Kamala Harris PAC
Anita Dunn, senior adviser to Joe Biden, is leaving the White House to join the Super PAC Future Forward, supporting Kamala Harris for the 2024 presidency. The PAC plans to invest around $300 million in Harris’s campaign. Although Dunn recently discussed cryptocurrency regulation, it is unclear if her new role will involve this sector. PACs like Future Forward cannot coordinate directly with political candidates.

BIS and BoE advance stablecoin supervision
The Bank for International Settlements (BIS) and the Bank of England (BoE) introduced a new prototype called Pyxtrial, enabling real-time supervision of stablecoin balance sheets. The system aims to monitor assets and liabilities to prevent mismatches that could undermine trust in stablecoins. This technology is a significant step towards addressing regulatory gaps and ensuring market stability.

Bahamas passes new crypto asset law following FTX collapse
The Bahamas passed the Digital Assets and Registered Exchanges Act 2024 (DARE 2024), aiming for regulatory clarity in the crypto sector and reaffirming its pro-crypto stance. The new legislation covers derivatives, staking, and stablecoins, requiring greater transparency and investor protection. DARE 2024 bans algorithmic stablecoins and limits PoW token mining.

Coinbase expresses concerns over crypto regulation in Australia
Coinbase (NASDAQ:COIN) expressed concerns about Australia’s crypto asset regulation, which they claim is unfavorable for the sector. The company seeks to avoid restrictive regulations based on law enforcement and awaits a new bill from the Australian Treasury by the end of 2024. The ASIC, which has prosecuted major crypto platforms, maintains its stringent approach, while Coinbase aims to influence legislative development and strengthen regulator relations.

Wisconsin launches tracker to combat crypto fraud
The Wisconsin Department of Financial Institutions launched a public tracker to combat financial and cryptocurrency fraud. Between January 2022 and June 2024, residents lost nearly $3.55 million to scams. The tracker uses consumer complaints to identify threats and alert the public, aiming to hinder scammers and protect investors. The tool is regularly updated and allows searches by company name, scam type, or keyword.

Artists sue SEC over NFT classification as securities
Artists Jonathan Mann and Brian L. Frye sued the US SEC, questioning if NFTs (non-fungible tokens) they sell as digital art should be considered securities. Mann, known for creating a new song daily for over 16 years, and Frye, a conceptual artist and law professor, argue that the SEC is overextending securities rules to include digital art. They fear this approach could limit creativity and innovation in the NFT space and seek a court decision to ensure their projects can continue without securities regulation restrictions.

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/94286736/fed-impact-in-crypto-market-california-dmv-adopts

2024-07-18 "Jasmy Secure PC" website has been renewed
https://www.jasmy.co.jp/

Jasmy Secures Three Trademarks: A Game-Changer for Japan’s Carbon Credit Initiative
source-logo cryptonewsland.com
9 h

https://cryptonews.net/news/altcoins/29523783/

"JANCTION" will exhibit at "XANA SUMMIT 2024", a cutting-edge tech and entertainment festival!
A festival of Web 3.0, AI and entertainment in the metaverse
NOBORDERZ

July 30, 2024 09:30

https://prtimes.jp/main/html/rd/p/000000160.000080034.html

Coinbase and FCA Reach Agreement to Resolve Investigation into Voluntary Requirement Breaches

Tl;dr: The UK Financial Conduct Authority (FCA) has concluded an investigation into our UK business on-boarding and providing e-money services to certain high-risk customers, in breach of restrictions agreed to by CBPL and the FCA. The FCA’s investigation focused on why the controls we put in place to comply with these restrictions allowed this to happen. Coinbase is a regulated institution, deeply committed to compliance. We welcome regulation and are dedicated to working proactively and closely with the most sophisticated financial regulators in the world, including the FCA, to ensure we offer the most compliant, trusted, and secure platform for our customers.

By Coinbase International, July 24, 2024

https://www.coinbase.com/blog/coinbase-and-fca-reach-agreement-to-resolve-investigation-into-voluntary-requirement-breaches?__cf_chl_rt_tk=W__EFEqUSuEN2sVDcuZLXnQUMUfX9lV_otgwHJq51f8-1722375829-0.0.1.1-4671

Chris Lehane, Paul Clement, and Christa Davies Join Coinbase’s Board of Directors

Tl;dr: Chris Lehane, Paul Clement, and Christa Davies are joining Coinbase’s Board of Directors. They each have different political philosophies. They each have vastly different career paths. But, they have all arrived at the same conclusion: crypto is a powerful tool to update the system.

By Coinbase Company, July 25, 2024, 2 mins read time

https://www.coinbase.com/blog/coinbase-lehane-clement-davies-join-board-of-directors

Apple’s earnings are almost here; the market reaction will likely surprise
Tuesday, July 30, 2024 5:00 pm
1 Comment

With Apple’s fiscal Q324 earnings due on August 1st, is worth remembering that traders can behave in strange ways. Sometimes they’ll buy a stock on a rumor and sell it on the news. Sometimes when companies beat expectations on earnings they sell and take profits. Sometimes they buy even when the companies miss.

Brian Swint for Barron’s:

All the signs point to that kind of topsy-turvy week. Software maker Microsoft reports Tuesday, with retailer Amazon, iPhone maker Apple, and Facebook owner Meta Platforms over the next few days. These Magnificent 7 technology stocks have driven the market higher for the last two years, but have fallen out of favor lately. Chip maker Nvidia will be the last to report at the end of next month, but by then we may know all we need to know about how investors will treat these big names…

Traders may well still be looking for excuses to sell the Mag 7, which suggests that even if earnings this week come in strong–or perfect–these stocks might go down. For Google, the excuse was inflated spending on artificial intelligence. That reason could be used for others, too.

Alternatively, investors may also decide to differentiate within the Mag 7 group now. They could pick their perceived winners and losers from that group – because their businesses aren’t that similar, and AI means different things to each of them.

MacDailyNews Take: If we get a deal on Apple following earnings, we’ll gladly take advantage of it. If not, we’ll enjoy the spoils (on paper) as we continue to accumulate. As always, do you own due diligence.

MacDailyNews Note: Apple is scheduled to release fiscal third quarter results and business updates on Thursday, August 1, 2024, after market close, right around at 1:30 p.m. PT / 4:00 p.m. ET. As always, we’ll have the results for you as soon as they are release. The company will hold a conference call with analysts thirty minutes later at 2:00 p.m. PT / 5:00 p.m. ET, which we’ll cover with live notes as usual.

https://macdailynews.com/2024/07/30/apples-earnings-are-almost-here-the-market-reaction-will-likely-surprise/#google_vignette

Group of hikers saved from wildfires by Apple’s Emergency SOS via Satellite on iPhone
Monday, July 29, 2024 2:15 pm
1 Comment

A group of four women was successfully rescued from a B.C. glacier last week after a daring helicopter operation. The rescue took place amidst a challenging wildfire season. The stranded women were able to utilize Apple’s Emergency SOS via Satellite feature on their iPhone to send a text message, triggering the rescue effort.

Corey Bullock for CBC News:

As wildfires continue to burn across the Kootenay region, a group of four women were helicoptered off a glacier in B.C.’s West Kootenay region last week.

The dramatic rescue, amidst a challenging wildfire season, has officials warning people to be careful.

A search and rescue team flew through thick smoke, near an approaching wildfire to find the hikers, who were stranded on the Macbeth Ice Fields, northeast of Kaslo, about 390 kilometres east of Kelowna.

The four women, who all live in British Columbia, had been camping when the wind picked up, said Mark Jennings-Bates, the Kaslo Search and Rescue manager, who led the rescue.

“Embers were falling on their tent so they ran for their lives,” Jennings-Bates told CBC’s Daybreak South.

The rescue was especially challenging with smoke making visibility difficult for the helicopter pilot, he said.

Jennings-Bates said the stranded women were able to send a text message via satellite through Apple’s emergency SOS function, and that ultimately made the rescue possible.

“We were just able to sneak over a ridge and found them exactly where the cellphone ping said they were, which is really unusual and very satisfying,” he said.

“In this instance, their cellphone literally saved their lives.”

MacDailyNews Take: Another four lives saved, thanks to iPhone and Emergency SOS via Satellite! (Also sounds like it would make for a great iPhone commercial!)

How to use Emergency SOS via satellite on your iPhone here.

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https://macdailynews.com/2024/07/29/group-of-hikers-saved-from-wildfires-by-apples-emergency-sos-via-satellite-on-iphone/

Meta looks to knock off Apple Vision Pro’s EyeSight feature
Tuesday, July 23, 2024 4:39 pm
1 Comment

Mark Zuckerberg’s Meta has filed a patent that looks very similar to Apple Vision Pro’s EyeSight feature. Meta’s patent application is called “Embedded Sensors in Immersive Reality Headset to enable Social Presence.”

Jack Purcher for Patently Apple:

It also confirms that a redesign of their Quest headset or an all-new headset design is being considered to support this feature. To distinguish it from Apple’s Eyesight, Meta notes that some of the sensors in face interface may include health sensors.

Meta’s Patent Abstract: A method for updating a subject avatar with a facial expression collected in real time. The method includes receiving, from a sensor on a facial interface of a headset, a signal indicative of a movement in a facial muscle from a user of the headset, determining a facial expression of the user with the signal from the sensor in the facial interface of the headset, based on a machine learning algorithm trained to associate the facial expression to the movement of the facial muscle, adjusting a subject avatar for the user of the headset based on the facial expression, and providing the subject avatar to an immersive reality application hosted by a remote server…

MacDailyNews Take: Meta see, Meta do.

Related

Meta’s quixotic Quest cannot compete with Apple’s Vision Pro
Wednesday, June 7, 2023
In "News"

Meta’s Zuckerberg dismisses Apple Vision Pro; ‘not the one that I want’
Thursday, June 8, 2023
In "News"

Zuckerberg panics, Osborne Effects Meta with rushed ‘Quest 3’ headset reveal
Thursday, June 1, 2023
In "News"

https://macdailynews.com/2024/07/23/meta-looks-to-knock-off-apple-vision-pros-eyesight-feature/

Coinbase Announces Date of Second Quarter 2024 Financial Results
July 18 2024 - 4:05PM
Business Wire

Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today that it will publish its second quarter 2024 shareholder letter, including financial results, on its Investor Relations website at investor.coinbase.com on Thursday, August 1, 2024, after market close. The Company will hold a conference call to discuss its financial results at 2:30 p.m. PT that same day.

Starting on July 25 at 9:00 a.m. PT, all shareholders will be able to submit and upvote questions for Coinbase management by visiting here. This Q&A platform will remain open until 24 hours before the earnings call. Shareholders can email support@saytechnologies.com for any support inquiries.

The live webcast of the call can be accessed here. Following the call, a replay of the call, as well as a transcript, will be available on the Investor Relations website at 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

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.



View source version on businesswire.com: https://www.businesswire.com/news/home/20240718867603/en/

Press:
press@coinbase.com

Investor Relations:
investor@coinbase.com

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/94217940/coinbase-announces-date-of-second-quarter-2024-fin

Microsoft Windows BSOD strikes again: ‘Largest IT outage in history’ takes down airlines, hospitals, and more
Friday, July 19, 2024 10:50 am
3 Comments

Microsoft’s Windows BSOD has struck again – worldwide. IT security consultant Troy Hunt called it “the largest IT outage in history,” saying, “basically what we were all worried about with Y2K, except it’s actually happened this time.”

George Kurtz, president and CEO of Crowdstrike, a modern antivirus platform, was quick to take responsibility for the issue, writing on X, “CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed.”

CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed. We…

— George Kurtz (@George_Kurtz) July 19, 2024

Kevin Purdy for Ars Technica:

Millions of people outside the IT industry are learning what CrowdStrike is today, and that’s a real bad thing. Meanwhile, Microsoft is also catching blame for global network outages, and between the two, it’s unclear as of Friday morning just who caused what.

After cybersecurity firm CrowdStrike shipped an update to its Falcon Sensor software that protects mission critical systems, Blue Screens of Death (BSODs) started taking down Windows-based systems. The problems started in Australia and followed the dateline from there. TV networks, 911 call centers, and even the Paris Olympics were affected. Banks and financial systems in India, South Africa, Thailand, and other countries fell as computers suddenly crashed. Some individual workers discovered that their work-issued laptops were booting to blue screens on Friday morning.

A CrowdStrike engineer posted in the official CrowdStrike subreddit that the workaround steps involve booting affected Windows systems into Safe Mode or the Recovery Environment, navigating to a CrowdStrike directory, and deleting a .sys file and rebooting. If this works, it’s not something that can be done through a network push, so a lot of manual work remains to be done.

MacDailyNews Take: We’re running just fine here. 😄

Windows is a cancer on personal computing and the choice to “standardize” on Windows was one of the worst mistakes ever made en masse. Thankfully, that mistake can easily be corrected: Get a Mac. – MacDailyNews, August 10, 2006

https://macdailynews.com/2024/07/19/microsoft-windows-bsod-strikes-again-largest-it-outage-in-history-takes-down-airlines-hospitals-and-more/#google_vignette

Apple supplier TSMC’s profit beats estimates
Thursday, July 18, 2024 8:59 am
1 Comment

Major Apple supplier Taiwan Semiconductor Manufacturing Co. (TSMC)’s earnings beat analysts’ heightened estimates as global demand for AI chips continues to be insatiable.

Jane Lanhee Lee for Bloomberg News:

Market expectations had risen in the weeks leading up to TSMC’s report on Thursday, with the AI frenzy and related investment showing no signs of slowing down.

The chipmaker for Apple Inc. and Nvidia Corp. said net income rose to NT$247.8 billion ($7.6 billion). The average estimate was for a 29% increase, and many expected TSMC to hike its full-year outlook after sales jumped in the June period. The company said last week that its second-quarter sales grew at the fastest pace since 2022.

Insatiable demand for Nvidia chips has propped up TSMC’s performance, while the wider smartphone market is on a path to recovery. Apple has seen handset sales stabilize, and provided an upbeat guidance to its suppliers on shipments for the upcoming iPhone 16 based on the potential strength of its new AI tools.

MacDailyNews Note: Apple Intelligence is the personal intelligence system that brings powerful generative models to iPhone, iPad, and Mac. For advanced features that need to reason over complex data with larger foundation models, Apple created Private Cloud Compute (PCC), a groundbreaking cloud intelligence system designed specifically for private AI processing. For the first time ever, Private Cloud Compute extends the industry-leading security and privacy of Apple devices into the cloud, making sure that personal user data sent to PCC isn’t accessible to anyone other than the user — not even to Apple. Built with custom Apple Silicon, manufactured by TSMC, and a hardened operating system designed for privacy, Apple’s PCC is the most advanced security architecture ever deployed for cloud AI compute at scale.

https://macdailynews.com/2024/07/18/apple-supplier-tsmcs-profit-beats-estimates/#google_vignette

Stand with Crypto Expands to Canada

TL;DR: Stand with Crypto unites global crypto advocates, forming a passionate community committed to driving sensible crypto innovation and crypto policy. In the United States the movement has reached over 1.1 million advocates and continues to grow. In the UK, the movement is also building momentum; Stand with Crypto recently published a manifesto calling for the next UK Government to drive web3 innovation, jobs and a more digital economy. Now is the time to expand the Stand with Crypto movement to Canada and make sure crypto advocates' voices are heard.

By Tom Duff Gordon, Lucas Matheson International, July 12, 2024

Mission of Stand with Crypto in Canada

Stand with Crypto was born in the US as a movement focused on mobilizing the crypto community. Stand with Crypto in Canada is all about shining a light on the pioneers building businesses onchain, driving real-world use cases, and solving society’s problems with blockchain technology. We believe that Canada can be a leader internationally in the adoption and commercialisation of this transformative technology, and it begins with crypto. With an estimated 5 million crypto holders calling Canada home[color=red][color=red][/color][/color], now is the perfect time to rally Canadian voices and ensure they're seen and heard.

According to a survey Coinbase conducted with Angus Reid, 86% of Canadians agree the Canadian financial system could use an update. The majority feel that the system is not fair for everyone (80%), is out of touch (76%) and is designed to benefit corporations (83%) and the wealthy (73%). 72% think that the regulation of cryptocurrency exchanges is important. Nearly a third of Canadians (29%) said they would be more inclined to buy cryptocurrency if there was more regulation in the industry. The appetite for this movement in Canada is clear.

Policymakers have expressed a desire to deepen their understanding of the opportunities presented by emerging technologies like blockchain, and industry needs to do a better job of explaining the social and economic value that can be unlocked through applications of cryptocurrency, blockchain and decentralised innovation.

Calgary Launch Event: A Major Milestone

SwC reached a significant milestone with a launch event today on Friday, 12th July in Calgary on the sidelines of the Calgary Stampede. The event heard remarks from the Honourable Dale Nally, Minister of Service Alberta and Red Tape Reduction; Lucas Matheson, CEO, Coinbase Canada; Tom Duff Gordon, Vice President of International Policy at Coinbase; Alexis Pappas, Chief Innovation Officer, GuildOne Inc.; and Samantha Robertson, Director of Global Energy Strategy, at Bitdeer. The event brought together some 100 blockchain entrepreneurs, industry leaders, investors, leading academics and media.

The launch event is the culmination of a week-long trade mission in Alberta organised by the Canadian Blockchain Consortium. Delegates met with Danielle Smith, the Premier of Alberta; Honourable Nathan Neudorf, Minister of Affordability and Utilities, Government of Alberta; Alexis Pappas, Chief Innovation Officer, GuildOne Inc. and Samantha Robertson, Director of Global Energy Strategy at Bitdeer. The agenda was designed to foster collaboration between Government and industry, to ensure that collaborative governance of the digital asset ecosystem results in common-sense regulation.

The Calgary launch event marks a pivotal moment in the campaign’s expansion. As SwC continues to grow, its impact on Canada’s blockchain landscape is set to be profound, fostering a grassroots movement that champions blockchain innovation and economic growth.

If you believe in the power of the blockchain and want to Stand with Crypto in Canada, sign up to the movement here, and join us on this journey.

https://www.coinbase.com/blog/stand-with-crypto-expands-to-canada?__cf_chl_rt_tk=strhvXqapGE8gfJV_ms1tWpQ9NEo4vzJppvkal9eC1w-1721073197-0.0.1.1-4500

Apple’s iPhone sales in India surge 33%
Monday, July 15, 2024 2:02 pm
1 Comment

Apple sales in India surged 33% to a record $8 billion, Bloomberg News reports citing “a person familiar with the matter,” driven by local assembly and new retail stores. This boom highlights India’s fast-growing market for the Cupertino Colossus.

Sankalp Phartiyal for Bloomberg News:

Apple’s pricey iPhones accounted for more than half of the sales, said the person, who asked not to be named as the information isn’t public.

The increase signals steady progress in Apple’s effort to win users in the world’s most populous country, whose consumers are gradually gaining more purchasing power as the economy expands. The company is targeting India as a way to diversify its manufacturing and revenue sources beyond much larger market China, which has become riskier because of trade tensions with the US.

The Indian market is dominated by cheaper Chinese devices using Google’s Android mobile operating system, and iPhones make up just about 3.5% of the country’s roughly 690 million smartphones in use, according to Counterpoint Research. Even though India is one of Apple’s fastest-growing markets, the South Asian nation accounts for only about 2% of its latest fiscal-year sales of $383 billion.

MacDailyNews Take: Virtually unlimited headroom for growth awaits Apple in India!

https://macdailynews.com/2024/07/15/apples-iphone-sales-in-india-surge-33/

The new Coinbase Wallet web app: your home for everything onchain

TLDR: The new Coinbase Wallet web app is your home for everything onchain. Connect multiple wallets and see a full picture of your crypto, NFTs, and DeFi positions. Buy, swap, send, stake, and mint easily from any of your wallets. The new Coinbase Wallet web app also works seamlessly with smart wallets, the newest way to get started onchain in just a few clicks. Visit wallet.coinbase.com and create or connect a wallet to get started.

By Sid Coelho-Prabhu Product, July 11, 2024
, 5 mins read time

https://www.coinbase.com/blog/the-new-coinbase-wallet-web-app?__cf_chl_rt_tk=3I9jw24q.cz2oUMfqM5k29q.QSaJBggHRaaHfKk.4kc-1720745527-0.0.1.1-5204

Apple stock has more upside – BofA Securities
Thursday, July 11, 2024 3:32 pm
1 Comment

Apple stock got a new price target that’s 18% higher than Wall Street’s consensus on Thursday, but increased sentiment that interest rate cuts are coming in September, not any bad news, was keeping shares in the red during regular trading.

Angela Palumbo for Barron’s:

BofA Securities analyst Wamsi Mohan increased his price target on Apple to $256 from $230, which implies a 10% increase to the stock’s closing price of $232.98 on Wednesday. He also maintained a Buy rating on the shares.

However, the June Consumer Price Index came in lower than expected earlier in the day. This gave market participants further confidence that Federal Reserve will cut interest rates in September. Investors took this as a sign to sell shares of well-performing, megacap tech stocks, and put those profits into worse-performing stocks that would benefit more immediately from a rate cut. Apple was one of the casualties.

The analyst wrote in a research note that the higher price target is based on “increased confidence of a multiyear iPhone upgrade cycle driven by an aging installed base and GenAI features that should provide a boost to customers’ intentions to upgrade.”

“A significant number of iPhone users are still using older iPhone models: 29% own an iPhone in the iPhone 13 family, 13% own an iPhone in the iPhone 12 family, and more than 31% own an iPhone in the iPhone 11 family or older,” Mohan said.

MacDailyNews Take: The iPhone 16 supercycle is revving up! We’re taking whatever discounts the market gives us, regardless of the reasoning or lack thereof.

https://macdailynews.com/2024/07/11/apple-stock-has-more-upside-bofa-securities/#google_vignette

Apple gives tips on avoiding phishing scams amid new SMS scam
Wednesday, July 10, 2024 6:22 pm
No Comments

Apple has updates its support document with tips to avoid phishing scams and information about what to do if you receive suspicious emails, phone calls, or other messages.

Be aware of recent smishing attacks targeting Apple IDs. Scammers are sending text messages urging users to enter their Apple ID credentials on a phony iCloud website.

Apple Support:

Social engineering is a type of targeted attack that relies on impersonation, deception, and manipulation to gain access to your personal data. In this attack, scammers will pretend to be representatives of a trusted company or entity over the phone or through other communication methods. They will often use sophisticated tactics to persuade you to hand over personal details such as sign-in credentials, security codes, and financial information.

Phishing is one common tactic of social engineering that refers to fraudulent attempts to get personal information from you, usually by email. But scammers use any means they can to trick you into sharing information or giving them money, including:

• Fraudulent emails and other messages that look like they’re from legitimate companies, including Apple.
• Misleading pop-ups and ads that say your device has a security problem.
• Scam phone calls or voicemails that impersonate Apple Support, Apple partners, and other well known or trusted entities or individuals.
• Fake promotions that offer free products and prizes.
• Unwanted Calendar invitations and subscriptions.

If you’re suspicious about an unexpected message, call, or request for personal information, such as your email address, phone number, password, security code, or money, it’s safer to presume that it’s a scam — contact that company directly if you need to.

MacDailyNews Note: Read more in the full article here.
https://macdailynews.com/2024/07/10/apple-gives-tips-on-avoiding-phishing-scams-amid-new-sms-scam/

"Tired of misinformation on this sub. Here is an update on Jasmy (conducted with real research):"
emoji:Jasmy_Spin_Logo_Clear_64: DD
emoji:HLF_Icon_-_Clear_64x64:
Verified Partnerships

Panasonic: Jasmy has announced a partnership with Panasonic to develop a Web3-based platform that integrates blockchain technology with IoT. The platform aims to securely connect device information to individuals through a decentralized database.

Janction (should be labeled a "Project" but I'll add it here anyway because it's cool): It aims to form a GPU colony into a public layer-2 and AI service hub—a DePin and AI permission-less chain incubated by the Jasmy community.

Transcosmos: Jasmy has a partnership with Transcosmos, a company that provides IT outsourcing and customer support services. This partnership focuses on leveraging Jasmy's blockchain technology for secure data management and IoT solutions?. (I haven't found any new information about this since 2022 on Transcosmos' website).

Green Carbon: A carbon credit creation consulting business, a research and development business for plants with high carbon dioxide absorption capacity, a carbon credit trading business, and an ESG consulting business. Green Carbon partnered with Jasmy to offer a blockchain-based carbon credit exchange that provides credit distribution and usage environment. In addition, by recording the process on the blockchain from the creation stage of carbon credits, it will be possible to distribute credits with even higher reliability (has to do with paddy rice cultivation). This information was released June 21, 2023.

Novacellum Inc.: Three companies, BMS, a pioneer in regenerative medicine and cell therapy in Japan in the early days of the field, and Jasmy, have agreed to launch a new promotion project (tentative name: "My Genome Guard" Promotion Project; hereinafter "This Project") to advance the advancement of personalized medicine using genomic information, as well as the promotion of whole genome analysis methods that Novaceram is applying and developing for preventive and preemptive medicine, and the development of "CTC neoantigen dendritic cell therapy," a treatment technology developed by Novaceram to treat cancer by identifying genetic mutations that occur in cancer cells. The last update was November 27, 2023.

BioMedica Solution: Jasmy will begin the joint development of a cell culture system with BioMedica Solution. Jasmy will further enhance and utilize their personal data locker in terms of safeguarding and effectively using the most core information of cells. The project is expected to begin recruiting participants as early as this year, with the project scheduled to begin in the first half of 2024. No updates have been listed since November 23, 2023.

Sagantosu: In 2021, Jasmy signed a cooperation agreement with Sagan Tosu, the top club of the Japanese Football League. That same year, Jasmy also became the official sponsor of the football club. Their technology helped the Sagan Tosu team to issue the world's first NFT fan token in the field of football. No updates have been listed since November 2021. Jasmy paid for a part of the sponsorship contract fee of Sagan Tosu.

Unverified Partnerships

Sony: No verified evidence of an active corporate partnership beyond the involvement of former Sony executives in Jasmy’s founding team.

Microsoft: No verified evidence of a partnership. Previous claims lack concrete sources.

Amazon: No verified evidence of a partnership. Previous claims lack concrete sources.

Apple: No verified evidence of a partnership. Previous claims lack concrete sources. (Apple is adding the ability for iPhones to function as Japan's "My Number" identification cards and JasmyCoin (JASMY) has been linked to Japan's My Number Card itrust authentication service, however, Apple and Jasmy have no direct partnership, whatsoever. iPhone's incorporation of My Number Card is speculated to be released in the Spring of 2025, and only in Japan.

NVIDIA: No verified evidence of a partnership. Previous claims lack concrete sources.

Aplix Corporation: In 2021, Jasmy gave Aplix a proposal to create new solutions by fusing next-generation embedded devices and the technologies of both companies, based on the core competencies of Aprix, "embedded development" and "multi-cloud solution" (nothing has happened since).

Toyota: Witz (named below), is a Japanese company that designs smart cities and self-driving vehicles. If and when confirmed, Jasmy's technology would allow passengers to share their location and travel plans with whom they want. Toyota is "supposedly" working with Jasmy and Witz on this, although nothing has been confirmed to this date.

Witz Corporation: Witz participated in online CES in 2021. At the exhibition, Witz publicly announced that it has been using Jasmy’s technology. The TISIWIT system is a mega venue intelligent management system to ensure personal information security based on JASMY’s original blockchain technology “Personal Data Locker”. The key advantages of the TISIWIT system were applied to a baseball field during COVID-19 so fans could easily enter and exit the stadium by scanning the QR code, personal information registered by fans would be saved to JASMY personal data locker and provided to the operator with sensitive information filtered out, the operator could regulate and control the number of fans and the time of admission through this system so that both the operator and the fans can feel at ease during the game, and the system filtered personal data to detect whether there are cases of infection, the status of vaccination, etc., so that countermeasures can be prepared in advance.

Natural Capital Credit Consortium: This is an association aimed at realizing a decarbonized society through the revitalization of the carbon credit market. Jasmy strongly supports NCCC’s initiatives to create carbon credits and revitalize the market. This "partnership" means absolutely nothing and I don't know why it's listed on their website. No updates have been given since 2021 regarding this.

Akashi: Although listed on Jasmy's website as a partner, no verified evidence of a partnership is available online.

Nippon Travel Agency: Although listed on Jasmy's website as a partner, no verified evidence of a partnership is available online. Jasmy was involved with an "empirical experiment" with Nippon Travel Agency as the first major application of blockchain technology in the tourism industry, however, no updates have been given since December 2021.

NEXTSGO: Jasmy has basically agreed (yes, they use the word "basically agreed" on their website) on a business alliance with NEXTSGO Company Limited which develops a wide range of PC businesses in over 25 counties, including markets from Asia to Middle East, India, UK, and Ireland, and have begun preparations for collaboration. No updates have been given since February 2022. (NEXTSGO doesn't even have a website, but the internet says they are "a computer technology company, with headquarters in Hong Kong. It develops, manufactures, and sells personal computers: laptops, loT and Smart home devices. It is a wholly-owned subsidiary of ALCO Group")

We all want Jasmy to succeed. We all want to retire. But we need to be better advocates for the truth. And I'm tired of seeing misinformation on this sub... so I spent some time fact-checking a bunch of stuff (hence this post). Credibility is what's going to allow for more people to invest in the project. Disinformation and speculation make us look like another meme coin. And we are not another meme coin.

Sorry for being a party pooper. I just want this sub to come back down to reality so that when new users check out the sub, they trust what they see, and are more likely to invest.

Jasmy will be great. But all great things take time. Rome was not built overnight.

And if you'd like to add to this list, please do. Cite your sources and include links that verify your claims. And if some of my information is wrong, please chime in and back your claims for all to see and verify.

For accurate and reliable information, rely on official press releases and statements directly from Jasmy and its partners, not Binance or Twitter/X posts written by random people posting in their basements. Otherwise, it's misinformation, speculation, and a rumor, which does not help Jasmy's credibility.

Sincerely,

A Believer.

https://www.reddit.com/r/JasmyToken/comments/1dt8qb5/tired_of_misinformation_on_this_sub_here_is_an/

Apple Joins OpenAI Board, Logitech President Opts Out of Reelection, and More News
July 03 2024 - 6:59AM
IH Market News

Apple (NASDAQ:AAPL) – Apple will obtain an observer role on the OpenAI board as part of an AI agreement, with Phil Schiller chosen for the position. This arrangement will allow Schiller to attend board meetings without voting rights, starting later this year. In other related news, a former Apple corporate law director convicted of insider trading was ordered to pay a $1.15 million fine by the U.S. SEC after avoiding prison. Gene Levoff admitted to illegal trades based on insider information about the company’s earnings announcements. Additionally, Apple is trying to amend a court document in China even after winning the case, highlighting the delicacy of its position in the world’s largest smartphone market. The company wants to remove references to its “dominant position” and phrases suggesting “unfair pricing could harm consumers” in the final decision.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94142510/apple-joins-openai-board-logitech-president-opts

MacBook owners with faulty butterfly keyboards soon to get settlement checks
Tuesday, July 2, 2024 11:29 am
1 Comment

Two years after Apple settled a class-action lawsuit for $50 million over faulty MacBook butterfly keyboards, funds from the settlement will be going out to affected customers.

Juli Clover for MacRumors:

An update on the MacBook Keyboard Litigation Settlement website says that the court issued a payment order on June 27, 2024, with payments set to be issued for approved claims by August 2024.

Emails about the lawsuit were sent out in December 2022 to MacBook owners eligible for a payment. MacBook owners who had at least two topcase replacements from Apple within four years of purchase are set to receive a maximum of $395, while customers who had one topcase repair will receive up to $125. Those who had keycap replacements are eligible for up to $50.

Claims were accepted through March 6, 2023, and the settlement was ultimately approved on May 25, 2023. There is no word on why there has been more than a year’s delay getting payments sent out to customers.
?
MacDailyNews Take: Finally!

Related

Court approves Apple’s $50 million settlement over MacBook ‘butterfly’ keyboard
Tuesday, November 29, 2022
In "News"

Apple to pay $50 million settlement over MacBook butterfly keyboard lawsuit
Tuesday, July 19, 2022
In "News"

Apple will pay up to $395 to people in $50 million MacBook butterfly keyboard settlement
Wednesday, November 30, 2022
In "News"

https://macdailynews.com/2024/07/02/macbook-owners-with-faulty-butterfly-keyboards-soon-to-get-settlement-checks/

i haven't done any research on MGON for a long time, as it is a small investment that I purchased years ago...so, i checked their company profile in Vanguard and would be happy with any of the current share prices of their listed competitors🙂:

Competitors
As of 2:21 PM ET 7/02/2024
Symbol Name Last Price 1 Month % change 1 Year % change Market Cap PE Ratio (ttm) EPS (ttm)
CMCO Columbus McKinnon Corp. $3.84 -14.78% -18.03% 996.78M 20.74 0.16
ZHHJY Zhejiang Shibao Co., Ltd. $33.71 +0.00% +0.00% 999.81M 15.06 1.62
SMTGY SMA Solar Technology AG $2.74 +0.00% +0.00% 985.89M 4.49 0.63
WNC Wabash National Corp. $45.00 -4.82% -16.07% 983.29M 5.17 6.33
SMTGF SMA Solar Technology AG $21.79 +0.00% +0.00% 985.89M 4.50 4.24

How big could an Apple Intelligence services business be?
Friday, June 28, 2024 5:28 pm
8 Comments

When it comes to Apple Intelligence, the biggest payoff for investors could be yet to come, and it’s not currently in any Wall Street spreadsheets.

Tiernan Ray for Fast Company:

Apple investors breathed a sigh of relief on June 10th when the company’s CEO, Tim Cook, and his deputies held a two-hour presentation about their intention to bring artificial intelligence to the iPhone, iPad, and Mac. Apple had been seriously lagging the giants of AI, Microsoft, and Alphabet’s Google, but they managed to turn things around sharply with a vision for AI assistants that actually offered some nice functionality.

Apple has emphasized the security aspects of its iCloud facilities for the purpose of protecting user data. That opens the door to a meaningful boost in Apple’s services revenue, its most profitable business and its fastest-growing.

Services, including sales of music and video and apps, was a fifth of Apple’s total revenue in the fiscal year that ended in September, at $85 billion, a staggering sum considering it was just $14 billion a decade ago… Services’s profit, moreover, is almost twice what it is for iPhones and iPads and Macs, at 75 percent of sales last quarter versus a profit of 37 percent for product sales.

Anything that contributes to services sales should be music to investors’ ears. AI could be a shot in the arm if Apple decides to broadly sell an AI predictions service in the cloud…

It’s conceivable Apple could offer a retail cloud computing AI service, not unlike the services offered by OpenAI, search engine Perplexity. ai, Google, and privately held Anthropic… All those services have coalesced around a price of $20 per month, which is the price for ChatGPT Plus, Perplexity. ai’s Perplexity Pro, Google’s Google One subscription, which includes its Gemini language model, and Anthropic’s Pro account.

MacDailyNews Take: Apple currently has over a billion paying subscribers and that number continues to grow. As Ray writes in his – recommended – full article, if 10 percent of Apple’s 1+ billion paying subscribers add a privacy-focused “Apple Intelligence+” account, Apple Intelligence becomes a world leader in consumer AI virtually overnight (and its revenue gets another serious boost).

https://macdailynews.com/2024/06/28/how-big-could-an-apple-intelligence-services-business-be/#google_vignette

What President Trump told Apple CEO Tim Cook and 80+ other CEOs in their private meeting
Friday, June 28, 2024 2:15 pm
26 Comments

On June 13th, former U.S. President Donald Trump huddled with Apple CEO Tim Cook and at least 80 other CEOs to discuss how taxes are going to be cut and business regulations will be curtailed if he is elected president, CNBC reports citing “people who attended the meeting.”

Brian Schwartz for CNBC:

CNBC spoke with people who attended the Business Roundtable’s quarterly meeting and others familiar with what took place there, all of whom were granted anonymity in order to speak freely about a private gathering.

Trump said… he will cut taxes, including income taxes, and bring back the same economic policies he enacted during his first term, according to people who were in the meeting. Trump said he wants to bring the federal corporate tax rate down from 21% to 20% if he were to become president, according to a person familiar with his remarks.

Trump spoke for about an hour at the meeting, said people in attendance. The audience included JPMorgan Chase CEO Jamie Dimon, Citigroup CEO Jane Fraser, and Bank of America CEO Brian Moynihan, according to spokespeople from their companies. Apple CEO Tim Cook was also there, said two people who were in the room.

“We need a president who is at the top of his game, and let’s face it, this president is not at the top of his game,” Trump said, according to a person who was in the room.

Trump told a meeting full of House Republicans earlier in the day about the idea of imposing an “all tariff policy” that he said would enable the U.S. to get rid of income tax, according to attendees who were granted anonymity to speak about a private meeting.

MacDailyNews Note: In China, the standard corporate tax rate is 25% with lower rates available for the certain sectors/industries meeting specific criteria. More info here. On average, European countries analyzed currently levy a corporate income tax rate of 21.3%. This is slightly below the worldwide average which, measured across 181 jurisdictions, was 23.45% in 2023. More info here.

https://macdailynews.com/2024/06/28/what-president-trump-told-apple-ceo-tim-cook-and-80-other-ceos-in-their-private-meeting/#google_vignette

US Marshals Service picks Coinbase to custody its assets as part of a $32.5 million contract
by Sarah Wynn
COMPANIES
• July 1, 2024, 11:59AM EDT

QUICK TAKE

* The U.S. Marshals Service, which is a part of the Department of Justice, said it chose Coinbase Prime to provide custody and “advanced trading services” for
large-cap digital assets.

* The agency has said it has a specific requirement for “managing and disposing of large quantities of popular cryptocurrency assets.”

The U.S. Marshals Service, the enforcement arm of federal courts, is paying $32.5 million for a contract with Coinbase Prime to provide custody.

The agency, a part of the Department of Justice, said it chose Coinbase Prime to provide custody and "advanced trading services" for large-cap digital assets.

"The USMS conducted a competitive due diligence process that evaluated a range of solutions, ultimately choosing Coinbase due to our strong track record and ability to securely provide institutional-grade crypto services at scale," Coinbase said in a statement on Monday.

USMS said it has a specific requirement for "managing and disposing of large quantities of popular cryptocurrency assets," according to a previous statement about the opportunity for a contract.

"This will require the use of multiple, industry leading, storage and liquidation techniques employed in a manner that is professional, lawful, and consistent with Department and USMS policy," the agency said. "This contract will also streamline custody, management, and disposal processes for cryptocurrency assets while allowing for the diversification of the type of cryptocurrency assets that can be managed and disposed of under the Government’s forfeiture programs."

The contract comes as Coinbase has been in hot water with the U.S. Securities and Exchange Commission. That agency sued Coinbase last year for operating its platform without registering and is making its way through the courts.

Coinbase also sued federal agencies, including the SEC, as recently as last week. The exchange accused federal financial regulators of trying to cut off the crypto industry from the banking sector in the complaints.

https://www.theblock.co/post/302924/us-marshals-service-picks-coinbase-to-custody-its-assets-as-part-of-a-32-5-million-contract

Apple looks for Chinese partner for Apple Intelligence
Friday, June 21, 2024 12:02 pm
No Comments

OpenAI’s ChatGPT and other Western AI models aren’t available in China, and that is prompting Apple to look for a Chinese partner to help offer its Apple Intelligence services, The Wall Street Journal reports citing “people in the industry.”

Raffaele Huang and Jiyoung Sohn for The Wall Street Journal:

Apple has held talks with several Chinese companies that make AI models including search-engine company Baidu, e-commerce leader Alibaba Group and a Beijing-based startup called Baichuan AI, people familiar with the matter said.

In China, companies must seek Beijing’s approval before introducing AI chatbots built on large language models trained with huge databases of text, images and video vacuumed up from the internet and other sources. Regulators vet the models to ensure they don’t influence public opinion in a way the government doesn’t approve.

As of March, Beijing’s internet watchdog, the Cyberspace Administration of China, had approved 117 generative AI products, none of which is foreign-developed.

Early this year, Apple explored the possibility of obtaining approval for a foreign large language model to be used in its devices in China, but it found that Chinese regulators were unlikely to approve it, people familiar with the matter said. That realization prompted Apple to step up talks with potential local partners, they said.

MacDailyNews Take: We assume Baidu, with its Ernie chatbot, would be the most logical choice.

https://macdailynews.com/2024/06/21/apple-looks-for-chinese-partner-for-apple-intelligence/

Coinbase (NASDAQ:COIN) – Coinbase launched a $2 million campaign targeting Latino voters in the US, promoting cryptocurrencies for remittances, highlighting lower fees with USD Coin.

Honeywell Acquires CAES Systems for $1.9 Billion, Sarepta Therapeutics Surges 34%, Gilead Continues Gains
June 21 2024 - 8:00AM
IH Market News

Honeywell (NASDAQ:HON) – Honeywell announced the acquisition of CAES Systems for $1.9 billion, focusing on expanding its aerospace and defense technology operations. Under the leadership of CEO Vimal Kapur since June 2023, Honeywell seeks growth in automation, future aviation, and energy transition, consolidating its third major deal of the year.

Sarepta Therapeutics (NASDAQ:SRPT) – The Food and Drug Administration (FDA) approved expanded indications for Elevidys, Sarepta Therapeutics’ treatment for Duchenne muscular dystrophy. The drug is now approved for both ambulatory and non-ambulatory individuals with confirmed DMD gene mutations, aged four and older. Sarepta Therapeutics surged 33.6% in pre-market trading.

Gilead Sciences (NASDAQ:GILD) – Gilead Sciences closed up 8.5% on Thursday after a study showed its semi-annual antiviral injection, lenacapavir, effectively prevented HIV in all female participants tested in South Africa and Uganda. This could potentially expand the market for HIV pre-exposure prophylaxis (PrEP). Gilead’s shares rose 5.3% in pre-market trading.

Novo Nordisk A/S (NYSE:NVO) – The World Health Organization (WHO) issued a warning about counterfeit batches of Novo Nordisk’s Ozempic, used for diabetes and obesity, found in Brazil, the UK, and the US. These counterfeit products pose health risks due to incorrect ingredients or the presence of harmful substances like insulin.

Nvidia (NASDAQ:NVDA) – Nvidia’s put options trading on Thursday saw significant volume, with 365,000 contracts at a $135 strike price and 250,000 at a $130 strike price. This increased the put-to-call ratio to 0.70 from 0.58 a few days prior. Volatility in Nvidia’s stock led to an intraday movement of over 6%, peaking and then falling 3.5%, closing at $130.78, putting Microsoft’s market capitalization back on top. Nvidia’s recent rise as the world’s most valuable company is driven by its AI chip leadership, with revenues expected to double to $120 billion. Despite risks of overvaluation and competition, investor optimism is sustained by the company’s innovation and profitability potential, with a P/E ratio starting the year at 25, now at 45, modestly above the five-year average of 41. However, not all investors are optimistic. Paul Wick of Seligman Investments has been reducing his Nvidia holdings due to concerns about profit growth prospects and high valuations. He compared Nvidia’s current situation to Cisco’s boom during the dot-com bubble, highlighting dependence on a few large customers as a significant risk. Nvidia shares fell 1.0% in pre-market trading.

Alphabet (NASDAQ:GOOGL) – A judge from Brazil’s Superior Court ended the investigation into Google and Telegram, accused of coordinating opposition to an anti-fake news bill, due to a lack of evidence for criminal proceedings.

Oracle (NYSE:ORCL) – Oracle plans to invest over $1 billion in Spain over 10 years, focusing on artificial intelligence and cloud computing. This investment aims to expand local capabilities, help companies adopt the cloud and comply with European regulations, and strengthen strategic partnerships like Telefónica España.

Autodesk (NASDAQ:ADSK) – Autodesk confirmed its annual shareholder meeting will occur on July 16, after a judge rejected Starboard Value’s attempt to delay it. Starboard sued the company seeking to postpone the meeting to nominate new directors following allegations of lack of transparency about accounting practices.

Micron Technology (NASDAQ:MU) – Micron is developing a project for up to four semiconductor factories in Syracuse but faces delays due to the discovery of endangered bats. This complexity highlights the challenges of combining industrial expansion with stringent environmental requirements, despite strong government support and plans to start construction in 2025.

Advanced Micro Devices (NASDAQ:AMD) – Advanced Micro Devices’ shares rose 4.5% on Thursday, driven by analyst Harsh Kumar’s optimistic outlook from Piper Sandler on its AI server business. Kumar highlighted AMD’s strong chip performance and its direct competition with Nvidia, along with expansion potential with key customers like Microsoft and Meta. AMD shares fell 0.55% in pre-market trading.

LendingTree (NASDAQ:TREE), Snowflake (NYSE:SNOW) – Hackers are auctioning consumer data from LendingTree’s subsidiary QuoteWizard after a data breach in a Snowflake-hosted database. LendingTree is investigating the impact and cooperating with Snowflake and Mandiant to understand the extent of the leak and its causes.

Trump Media & Technology Group (NASDAQ:DJT) – After regulators allowed potential stock dilution, Trump Media’s stock closed down 14.6% on Thursday and declined for five consecutive trading sessions, losing 33.9% during that period. The Securities and Exchange Commission approved the company’s registration statement and resale of shares and warrants this week. The stock rose 2.3% in pre-market trading on Friday.

AT&T (NYSE:T) – California rejected AT&T as the “provider of last resort,” preventing it from ending essential landline services for over 580,000 households. The decision aims to protect continued access to voice and 911 services, requiring AT&T to maintain these services until modern alternatives are available.

American Airlines (NASDAQ:AAL) – The American Airlines flight attendants’ union did not reach an agreement in the latest negotiations, moving closer to a strike. However, a strike requires permission from the National Mediation Board, a lengthy and complex process, making effective strikes difficult.

Southwest Airlines (NYSE:LUV) – The FAA is investigating an incident involving Southwest Airlines flight 4069, which departed from Las Vegas and descended abruptly to a low altitude near Oklahoma City’s airport on Wednesday. The minimum altitude alert sounded, and the crew was notified by an air traffic controller. The investigation follows multiple recent incidents with the airline.

United Airlines (NASDAQ:UAL) – A United Airlines aircraft, an Airbus SE A320, departed Bradley International Airport in Hartford en route to Denver International Airport but had to return to Connecticut after losing part of its engine cowling during takeoff on Thursday. There were no injuries, and the FAA is investigating the incident.

Boeing (NYSE:BA), Spirit AeroSystems (NYSE:SPR) – Boeing is close to finalizing the repurchase of Spirit AeroSystems after progress in negotiations with Airbus over program division. The deal aims to resolve a conflict over Airbus component manufacturing while Boeing seeks to strengthen its supply chain after 737 MAX issues. Additionally, Boeing is shifting engineers from the experimental X-66A project to support the production and delivery of the 737-7, 737-10, 777-9, and 777-8F models. This move aims to accelerate deliveries while maintaining commitments to customers and advancing zero-emission aviation goals with the X-66A in partnership with NASA.

Joby Aviation (NYSE:JOBY) – Joby Aviation received FAA approval to use its in-house software, ElevateOS, to manage air taxi operations, such as pilot workload and passenger coordination. Preparing for a 2025 launch, Joby plans to integrate the software with Uber and Delta Air Lines, facing technological and regulatory challenges.

Hertz Global Holdings (NASDAQ:HTZ) – Hertz plans to raise $750 million through secured notes to strengthen its balance sheet, facing challenges after losses with electric vehicles. The company faces high depreciation pressures and expectations of significant losses, alongside a strategic adjustment to reduce reliance on these vehicles.

General Motors (NYSE:GM) – Cruise, General Motors’ unit, received the maximum penalty for lacking transparency about an accident involving its autonomous vehicle in California. The fine totals $112,500, highlighting rigorous scrutiny of autonomous vehicle safety by regulators.

Ford Motor (NYSE:F) – Jim Farley, CEO of Ford, is tackling high recall costs, amounting to $4.8 billion annually. To improve quality, Farley adopted a strategy of retaining redesigned models for up to six weeks for additional checks, aiming to reduce future failures and warranty costs.

Toyota Motor (NYSE:TM) – Toyota suspended production and delivery of the Grand Highlander and Lexus TX SUVs due to an issue with the driver’s side curtain airbag. This affects 145,000 model year 2024 vehicles in the US, where the airbag may not deploy correctly if the driver’s window is down during certain crashes.

VinFast (NASDAQ:VFS), BYD (USOTC:BYDDY) – Electric vehicle sales are rapidly growing in Southeast Asia, with the Chinese BYD and Vietnamese VinFast leading the way. These brands are entering a market previously dominated by Japanese and Korean manufacturers. According to Counterpoint Research, EV sales in the region doubled in the first quarter compared to the previous year, while combustion car sales fell 7%. In Canada, Prime Minister Justin Trudeau’s government is considering imposing tariffs on electric vehicles made in China. This move aligns with similar policies in the US and the EU, which have already announced or plan to increase tariffs to curb these imports.

Chevron (NYSE:CVX), Hess (NYSE:HES), Exxon Mobil (NYSE:XOM) – An arbitration panel between Chevron and Hess, delayed by the non-appointment of the third arbitrator, is postponing the decision on Hess’s $53 billion sale to Chevron in Guyana. The dispute involves Exxon’s right of first refusal over Hess’s operations in the country, impacting the transaction’s conclusion.

Nikola (NASDAQ:NKLA) – Nikola announced a 1-for-30 reverse stock split to meet Nasdaq requirements, aiming to increase the share price. The move comes after disappointing first-quarter revenues and a significant drop in shares, which hit a historic low of 40 cents.

Mastercard (NYSE:MA), Visa (NYSE:V) – China is negotiating with Visa and Mastercard to reduce foreign card transaction fees in the country, aiming to facilitate payments for international visitors, according to Bloomberg. The proposal is to lower the fee from 2% to 1.5%.

PayPal (NASDAQ:PYPL) – PayPal hired Srini Venkatesan from Walmart as its new chief technology officer to lead advancements in artificial intelligence, information security, and product engineering. He brings significant experience in digital transformation and technology leadership, highlighting the company’s renewed focus on innovation and personalization to drive global commerce.

Upstart (NASDAQ:UPST) – Castlelake, a private credit lender, will acquire up to $1.2 billion in installment loans from Upstart to expand its presence in the retail lending sector. Investors are seizing opportunities in risky loans, driven by less restrictive regulations and high interest rates.

PicPay – The Brazilian mobile banking app with 35 million active customers owned by J&F Investimentos SA, is seeking an initial public offering in the U.S. in collaboration with Citigroup. The company intends to proceed as soon as market conditions allow, after having reported a net profit in 2023 and reached operational breakeven for the first time.

JPMorgan Chase (NYSE:JPM) – JPMorgan sees signs of recovery in the Chinese economy, which could revitalize its business in the country after a slow period. Mary Erdoes, the bank’s CEO of asset and wealth management, noted that despite previous challenges, there is growing optimism, particularly since March.

Citigroup (NYSE:C) – US regulators rejected Citigroup’s recovery plan, known as a “living will,” which outlines procedures in case of bankruptcy. The decision, based on deficiencies in the bank’s data controls, raises doubts about Citi’s ability to reorganize without risks to the financial system. Additionally, Germany fined Citigroup around $13.94 million for failures in its trading system controls after a 2022 incident involving erroneous orders of $1.4 billion. The BaFin regulator criticized Citi for not preventing errors that could disrupt the financial market.

HSBC (NYSE:HSBC) – Danielle Johnson, formerly of Goldman Sachs, was appointed global head of institutional clients at HSBC, bringing over 20 years of experience in relationship management and equity sales in the US. She will strengthen HSBC’s client coverage, based in New York and reporting to global banking coverage directors.

NatWest Group Plc (NYSE:NWG) – J Sainsbury Plc, a London-based supermarket chain, agreed to transfer its banking business to NatWest for $159 million (£125 million), aiming to divest personal loans, credit cards, and deposits. This decision reflects the difficulty supermarkets face in effectively competing in the financial sector against traditional lenders.

BlackRock (NYSE:BLK) – Global Infrastructure Partners (GIP) announced that after being acquired by BlackRock for $12.5 billion, it will retain control of its operations. This comes amid criticism in Malaysia, a Muslim-majority country, against airport privatization due to alleged ties between BlackRock and Israel. Malaysia, which supports Palestine, protested GIP’s participation due to BlackRock’s investments in Israel, currently in conflict with Hamas. The $3.9 billion airport privatization has faced opposition similar to previous boycotts of Western brands.

Coinbase (NASDAQ:COIN) – Coinbase launched a $2 million campaign targeting Latino voters in the US, promoting cryptocurrencies for remittances, highlighting lower fees with USD Coin.

Target (NYSE:TGT) – Target is implementing the generative AI chatbot “Store Companion” in 400 stores to improve operational efficiency and integrate new employees. This growing trend in retail, where AI promises to transform operations from customer service to e-commerce optimization, aims to increase productivity and profitability.

McDonald’s (NYSE:MCD) – McDonald’s is set to launch a $5 meal in select US restaurants. The promotion, starting June 25, includes a McDouble or McChicken, fries, Chicken McNuggets, and a small drink. This initiative aims to attract low-income consumers amid rising inflation and competition in the fast-food sector.

Chipotle Mexican Grill (NYSE:CMG) – Chipotle Mexican Grill shares fell 6.1% on Thursday ahead of its stock split, despite recent strong financial performance with rising revenues and profits. The decline may be attributed to profit-taking by institutional investors after significant gains, while the company faces criticism over smaller portions and higher prices.

MGM Resorts International (NYSE:MGM) – MGM Resorts International will introduce online betting with live dealers at its Bellagio and MGM Grand resorts in Las Vegas, a first for Strip casinos. Local dealers will manage games like roulette and baccarat for online customers outside the US, under the “MGM Live” brand.

Boyd Gaming (NYSE:BYD), Penn Entertainment (NASDAQ:PENN) – Boyd Gaming approached Penn Entertainment for a possible acquisition, according to Reuters. Penn, known for its involvement in online gaming and sports betting, has made strategic partnerships, including renaming Barstool Sportsbook to ESPN Bet.

Nike (NYSE:NKE) – Sam Poser, an analyst at Williams Trading, cut Nike’s price target to $75, matching the lowest on Wall Street, citing company stagnation and a lack of attractive new products. He predicts a more than 20% drop in shares, criticizing current management and product strategy.

FedEx (NYSE:FDX) – FedEx shares have been volatile this year, initially gaining over 20% by March but have since moved to a 0.2% loss for the year. With concerns about profits and sales below expectations, the company focuses on cost-cutting and operational improvements to boost margins and returns to shareholders.

Earnings
Smith & Wesson Brands (NASDAQ:SWBI) – In the fourth quarter, Smith & Wesson reported earnings per share of 45 cents, above the 34 cents expected by analysts. The company had revenue of $159.15 million, a 10% increase from the last quarter, and 1.50% better than the $156.80 million forecast. Despite outperforming estimates, shares fell 3.96% in pre-market trading.

Algoma Steel Group (NASDAQ:ASTL) – In the fourth quarter, Algoma Steel reported earnings per share of 7 cents, beating analysts’ expectations of a 1 cent per share loss. However, its revenue of $460.44 million was 19.92% below analysts’ estimate of $575.00 million. Shares are flat premarket.

Kroger (NYSE:KR) – In the first quarter, Kroger reported net income of $947 million, equivalent to $1.29 per share, adjusted to $1.43 per share, beating the FactSet expectation of $1.35. Sales reached $45.269 billion, surpassing the $44.867 billion consensus. Sales grew modestly, driven by lower pricing strategies and promotions. Kroger reaffirmed its annual forecasts despite outperforming in the first quarter, expecting 0.25% to 1.75% same-store sales growth, excluding fuel, and earnings per share between $4.30 and $4.50. FactSet consensus forecasts a 1.1% sales increase and $4.44 earnings per share.

Accenture (NYSE:ACN) – In the fiscal third quarter, Accenture PLC (NYSE: ACN) reported net income of $1.934 billion, or $3.04 per share, adjusted to $3.13, close to the FactSet consensus of $3.16. Total revenue was $16.467 billion, slightly below expectations of $16.548 billion. For the fiscal fourth quarter, the company projected revenue between $16.05 billion and $16.65 billion. For the full fiscal year, adjusted earnings per share are expected to be between $11.85 and $12.00.

Darden Restaurants (NYSE:DRI) – Darden Restaurants reported adjusted earnings per share of $2.65, exceeding expectations of $2.61, but its revenue of $2.96 billion was slightly below the forecast of $2.97 billion. Olive Garden faced a 1.5% sales decline, while LongHorn Steakhouse saw 4% growth. Fiscal 2025 projections include 1% to 2% sales growth, $9.40 to $9.60 earnings per share, and net sales between $11.8 billion and $11.9 billion, with 2% to 3% price increases and capital expenditures of $550 million to $600 million.

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/94084296/honeywell-acquires-caes-systems-for-1-9-billion

Apple The Exchange TRX to welcome its first customers this Saturday, June 22, in Kuala Lumpur
June 19 2024 - 10:00PM
Business Wire

Apple’s first retail location in Malaysia will offer its full lineup of products and services, unparalleled support from over 160 team members, and sessions with local creatives

Apple® today previewed Apple The Exchange TRX, the first Apple Store® in Malaysia. Located in the heart of Kuala Lumpur’s new Tun Razak Exchange (TRX) central business district, the new store will deliver the magic of Apple in the country like never before. Customers can discover and buy Apple’s innovative lineup of products and services, receive exceptional service from knowledgeable team members, and learn how to get the most out of their devices through free Today at Apple® sessions.

“We live for moments when we can surprise and delight our customers, and we’re excited to do that in Malaysia with the opening of our first store in the country, Apple The Exchange TRX,” said Deirdre O’Brien, Apple’s senior vice president of Retail. “Being able to support and directly connect with a new community is always a special experience for our retail teams, and we can’t wait to welcome customers to this beautiful space designed for discovery, creativity, and shopping for the world’s most innovative products.”

At Apple The Exchange TRX, more than 160 team members are ready to help customers shop for their favorite Apple products — from the iPhone® 15 lineup to the MacBook Air® with M3 and the latest iPad® models, including the redesigned iPad Air® and incredibly thin iPad Pro® with M4.

Apple The Exchange TRX will be an inspiring hub for education, offering customers free in-store sessions through Today at Apple. Led by Apple Creatives, the events will empower attendees to tap into their creativity and learn how to get the most out of their devices, with topics ranging from basics and how-to lessons, to iPhone photo and video tours that take advantage of the beautiful store location.

To celebrate the opening, a special Today at Apple series, “Jom Discover,” will run from Saturday, June 22, through Saturday, July 6. Bringing together some of Malaysia’s most celebrated creators, the sessions will offer a glimpse into the creative process while showcasing Apple’s full range of products and services.

Sessions in the “Jom Discover” series include:

Performance: De Fam
Workshop: Capture Portraits on iPhone with Jason smashpop
Spotlight: Video Magic on Mac® with Adam Lobo
Workshop: Turn Ideas Into Action on iPad with Iman Azman
Spotlight: Live Well with Nana Mohd and Apple Watch®
Apple The Exchange TRX connects the mall’s central atrium to a lush rooftop park that wraps around the store’s upper level. Emitting a warm glow at night, the three-dimensional layered roof consists of horizontal glass panels and shading blades to reduce the sun’s rays. A central glazed oculus brings daylight into the interior and includes a dynamic artificial-lighting feature.

Inside the store, a sculptural quartz and glass staircase connects the three levels where customers can explore, learn, and shop. The Forum, home to Today at Apple programming, is located on a floating deck that joins up with the mall, while the upper level directly connects with the edge of the park, bringing daylight and greenery into the store through a continuous glass façade.

Like all Apple facilities, the Apple The Exchange TRX runs on 100 percent renewable energy and is carbon neutral. The store is designed with a refined palette of high-quality materials, including natural stone walls, polished stainless-steel columns, light terrazzo floors, and a timber ceiling.

Visitors are invited to explore the surrounding display tables and avenues, and shop the new iPad Air with M2, the iPhone 15 lineup, and the latest Apple Watch lineup — Apple’s first-ever carbon neutral products. Apple Specialists are excited to connect with the local community through personalized setup and support, switching to iOS, and Apple Trade In, where customers can get credit toward a new device by trading in their current one.

Just in time for back to school, students and families can save on a Mac or iPad with Apple Education Pricing available exclusively through Apple Retail. In-store or online, eligible customers can also take advantage of the university student offer running through September 30, and receive AirPods® when they buy an eligible Mac, or an Apple Pencil® when they buy an eligible iPad.

Apple The Exchange TRX also offers a dedicated Apple Pickup counter, making it even easier for customers to place an order online and pick up products when it’s most convenient for them. And for hands-on technical and hardware support, customers can make a reservation at the Genius Bar® and get help from an expert.

Apple The Exchange TRX opens Saturday, June 22, at 10 a.m. MYT. Customers are invited to check out curated content celebrating the essence of creativity in Malaysia across Apple TV+®, Apple Music®, and the App Store®, and sign up for upcoming Today at Apple sessions.

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, Apple Store, Today at Apple, iPhone, MacBook Air, iPad, iPad Air, iPad Pro, Mac, Apple Watch, AirPods, Apple Pencil, Genius Bar, Apple TV+, Apple Music, and App Store 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/20240619608123/en/

Neema Mungai
Apple
nmungai@apple.com

Brian Bumbery
Apple
bumbery@apple.com

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94074015/apple-the-exchange-trx-to-welcome-its-first-custom

Why Apple killed Apple Pay Later
Tuesday, June 18, 2024 12:51 pm
1 Comment

In a retreat from efforts to offer more financial services in-house, Apple is shutting down its Apple Pay Later program, which let customers make purchases on an installment plan. Apple Pay Later was only ever made available in America.

Adam Clark for Barron’s:

Apple plans to offer a way for people to apply for buy now, pay later loans from other companies when they check out with Apple Pay, the company’s payment system. Affirm Holdings stock rose earlier this month when Apple said its products are expected to be available to Apple Pay users in the U.S. later this year.

Citigroup and Synchrony Financial will also be a part of the rollout, Apple said.

Apple’s focus now looks to be more on integrating artificial-intelligence onto its devices than further expansion into the world of financial services. Its recent AI announcements at its Worldwide Developers Conference (WWDC) have been a boon for the stock, which is up 13% in the past month, as analysts back the technology to boost iPhone sales.

MacDailyNews Take: Apple killed Apple Pay Later to assuage the EU red tape excretion machine.

See also: Apple to conclude ‘tap-and-go’ NFC payments probe with EU – June 18, 2024

https://macdailynews.com/2024/06/18/why-apple-killed-apple-pay-later/

Apple’s stock splits: When will AAPL shares split again? I shared this article & link last week on 6/11 at the end of the Apple hits new all time high...
Tuesday, June 11, 2024 12:36 pm
3 Comments

https://macdailynews.com/2024/06/11/apples-stock-splits-when-will-aapl-shares-split-again-3/#google_vignette

Apple supplier TDK says battery breakthrough can deliver higher performance for wearables
Monday, June 17, 2024 9:37 am
No Comments

Japanese electronic parts maker TDK on Monday said it had successfully developed a material for its solid-state batteries that can be utilized in various devices that come into direct contact with the human body. Some of the main features of TDK’s technology include the use of oxide-based solid electrolytes, which the company says makes them “extremely safe.”

TDK successfully developed a material for CeraCharge, a next-generation solid-state battery with an energy density of 1,000 Wh/L, approximately 100 times greater than the energy density of TDK’s conventional solid-state battery.

TDK’s technology is aimed at a solution that can be utilized in various wearable devices, such as wireless earphones, hearing aids and even smartwatches, with the goal of replacing existing coin cell batteries.

Utilizing TDK’s proprietary material technology, TDK has managed to develop a material for the new solid-state battery with a significantly higher energy density than TDK’s conventional mass-produced solid-state batteries (Type: CeraCharge) due to the use of oxide-based solid electrolyte and lithium alloy anodes. The use of oxide-based solid electrolyte makes batteries extremely safe. It is intended for use in wearable and other devices that come in direct contact with the human body.

The battery can be applied for replacing coin cell primary batteries in compliance with EU battery regulations, which require them to be replaced by rechargeable batteries, which is expected to contribute to the reduction of environmental impact.

TDK will strive to develop the battery cells and package structure design and advance toward mass production, targeting the development of its new product, the solid-state battery. Moreover, TDK aims to enhance the capacity of the batteries through multi-layer lamination technology and expand its operating temperature range by applying the production engineering technology TDK has accumulated in the electronic components business.

Main applications
• Various wearable devices such as wireless earphones, hearing aids and smartwatches
• Environmental sensors
• Replacement of coin cell batteries

Main features and benefits

• The use of oxide-based solid electrolyte makes battery extremely safe
• Smaller size and higher capacitance contribute to smaller device size and longer operating time

MacDailyNews Take: Potentially good news for Apple AirPods and Apple Watch users!

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https://macdailynews.com/2024/06/17/apple-supplier-tdk-says-battery-breakthrough-can-deliver-higher-performance-for-wearables/

Introducing the Coinbase Advanced Trade Go SDK
TL;DR: The Advanced Trade Go SDK is a flexible sample application that allows customers to automate their crypto trading strategies on Coinbase Advanced. This SDK is built on top of Coinbase Advanced REST APIs and simplifies the development process, enabling traders and developers to integrate advanced crypto trading functionalities with ease.

By Jeff Curry Engineering, June 6, 2024

https://www.coinbase.com/blog/introducing-the-coinbase-advanced-trade-go-sdk

The State of Crypto: The Fortune 500 Moving Onchain
Tl;dr: America’s top public companies are busier onchain than ever. Onchain projects announced by Fortune 100 companies have increased 39% year-over-year and hit a record high in Q1 2024. A survey of Fortune 500 executives finds that 56% say their companies are working on onchain projects. From the biggest legacy brands to small business, stablecoins to tokenized T-bills, trusted names and products in finance are embracing blockchain technology and crypto, driving innovation and providing on-ramps for widespread adoption. The increased activity underscores the urgency for clear rules for crypto that help keep crypto developers and other talent in the US.

By Coinbase Company, June 12, 2024

https://www.coinbase.com/blog/the-state-of-crypto-the-fortune-500-moving-onchain

SwC Manifesto: Making the UK a Leader in FinTech, Digital Assets & Tokenisation
TLDR: The next Government should promote the UK as a world leader in fintech, digital assets and tokenisation to generate investment, innovation and a more digital economy. This will drive productivity, growth and jobs across the UK economy, as well as improvements in the UK’s public services. To get involved with Stand With Crypto UK, visit: https://uk.standwithcrypto. org/

By Policy International, June 13, 2024

https://www.coinbase.com/blog/swc-manifesto-making-the-uk-a-leader-in-fintech-digital-assets-and

Apple is again the world’s most valuable company
Wednesday, June 12, 2024 10:16 am
8 Comments

Apple blew past Microsoft to one again claim the mantle of the world’s most valuable company by market capitalization propelled by two of Wall Street’s favorite words: artificial intelligence… make that Apple Intelligence.

Emily Dattilo for Barron’s:

The story for Apple began Monday at the tech giant’s Worldwide Developers Conference, when the company unveiled its AI strategy.
It seemed to take investors a beat to warm up to the news, considering the stock slipped 1.9% on Monday, before soaring 7.3% to $207.15 on Tuesday to an all-time high, setting its first record close since December 2023. Shares were rising [3.7%] on Wednesday.

Wedbush Securities analysts led by Dan Ives piled into the positivity. “The delayed positive reaction from the Street on the Apple
Intelligence news was investors starting to fully digest that the AI Revolution will come through the consumer with an Apple device over the coming year,” he wrote.

Mizuho Securities analyst Daniel O’Regan offered some more detailed reactions from key groups on Wall Street. Clients were constructive but surprised shares rose so much, he wrote. “Apple delivered in terms of what people were expecting,” he continued. “Although NOT ground breaking, Apple intelligence is a step in the right direction.”

MacDailyNews Take: Apple is currently worth $3.3 trillion.

Other members of the $3 trillion club:
• Microsoft: $3.247 trillion
• Nvidia: $3.116 trillion

https://macdailynews.com/2024/06/12/apple-is-again-the-worlds-most-valuable-company/

Apple shares hit new all-time intraday and closing highs
Tuesday, June 11, 2024 4:42 pm
3 Comments

In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $14.03, or 7.26%, to $207.15, a new all-time closing high. Today’s intraday high was $207.16, also an all-time high for Apple stock.

Apple’s 52-week low stands at $164.08.

Monday’s trading volume for AAPL shares was 168,874,733 versus Apple’s average trading volume of 60,814,360 shares.

Apple’s PE Ratio currently stands at 32.22.

Apple currently has a market value of $3.176 trillion, making it the world’s second-most-valuable company.

The top five U.S. publicly-traded companies, based on market value:

Microsoft (MSFT) – $3.216T
Apple (AAPL) – $3.176T
NVIDIA (NVDA) – $2.974T
Alphabet (GOOGL) – $2.192T
Amazon (AMZN) – $1.948T

Selected companies’ current market values:

• Meta Platforms (META) – $1.287T
• Berkshire Hathaway (BRKA) – $883.438B
• Taiwan Semi (TSM) – $859.493B
• Tesla (TSLA) – $544.269B
• Walmart (WMT) – $536.745B
• Netflix (NFLX) – $279.461B
• Advanced Micro Devices (AMD) – $256.929B
• Adobe (ADBE) – $207.285B
• Cisco (CSCO) – $184.399B
• Disney (DIS) – $183.890B
• Intel (INTC) – $131.622B
• IBM (IBM) – $155.538B
• Sony (SONY) – $103.718B
• Dell (DELL) – $93.373B
• SoftBank (SFTBF) – $91.216B
• Spotify (SPOT) – $61.707B
• Hewlett-Packard (HPQ) – $35.541B
• Nokia (NOK) – $21.174B
• SiriusXM (SIRI) – $9.847B
• Sonos (SONO) – $1.920B
• BlackBerry (BB) – $1.629B
• RealNetworks (RNWK) – $34.560M

Apple all-time high (AAPL) via NASDAQ here.

MacDailyNews Take: As we wrote yesterday upon the conclusion of Apple’s WWDC keynote video: “Apple did enough. Nothing spectacular (and leaning heavily on OpenAI’s ChatGPT), but enough.”

https://macdailynews.com/2024/06/11/apple-shares-hit-new-all-time-intraday-and-closing-highs-79/

Apple’s stock splits: When will AAPL shares split again?
Tuesday, June 11, 2024 12:36 pm
3 Comments

https://macdailynews.com/2024/06/11/apples-stock-splits-when-will-aapl-shares-split-again-3/#google_vignette

MacDailyNews presents live coverage of Apple’s WWDC 2024 keynote address
Monday, June 10, 2024 12:07 pm
10 Comments

https://macdailynews.com/2024/06/10/macdailynews-presents-live-coverage-of-apples-wwdc-2024-keynote-address/

Apple Showcases AI at WWDC 2024, Nvidia Stock Split Starts Today, and More News
June 10 2024 - 7:29AM
IH Market News

Apple (NASDAQ:AAPL) – At today’s Apple Developer Conference (WWDC 2024) kicking off today, the company will demonstrate its prowess in the advanced field of artificial intelligence. Despite being an early adopter of AI with products like Siri, Apple now faces a perception of trailing behind competitors following innovations like ChatGPT. Throughout the event, Apple will unveil significant AI improvements, including a new version of Siri and expanded functionalities for digital content processing.

Microsoft (NASDAQ:MSFT) – Microsoft has decided to keep its new Recall feature, which logs user activities on PCs to streamline data organization, disabled by default. This decision comes after security concerns arose regarding the potential for hackers to access these logs. The company will also require additional authentication to activate the feature. Additionally, Microsoft showcased fully digital versions of the Xbox Series X and S consoles at the Xbox Games Showcase, along with game trailers like the new edition of “Call of Duty”. The event takes place amidst a period of sluggish sales and economic challenges in the gaming industry.

Nvidia (NASDAQ:NVDA) – Nvidia will commence trading at a lower price today following a 10-for-1 stock split. Wall Street remains bullish on Nvidia’s valuation increase, which has surged by 144% this year. Evercore analysts believe Nvidia could represent up to 15% of the S&P 500 in the future.

Advanced Micro Devices (NASDAQ:AMD) – Morgan Stanley analysts downgraded AMD to neutral, citing elevated investor expectations for its AI segment, especially when compared to competitors like Nvidia and Broadcom. They see limited potential for upward revisions for AMD, despite a rebound in its core business and an anticipated increase in AI chip sales.

Snowflake (NYSE:SNOW) – Snowflake is encouraging its clients to implement stricter security controls, such as multi-factor authentication (MFA), after hackers targeted customer accounts using malware and purchased credentials. This follows security incidents involving clients like Live Nation (NYSE) and Advanced Auto Parts (NYSE), raising concerns about data security in the cloud.

Oracle (NYSE:ORCL) – Oracle’s primary medical records client, the US Department of Veterans Affairs (VA), reported that Oracle’s software is not improving patient care as expected. Less than 20% of VA physicians and nurses believe the software enables “high-quality care”. The VA is renegotiating its $16 billion contract with Oracle, which acquired Cerner in 2022, aiming to enhance the electronic medical records system.

Netflix (NASDAQ:NFLX) – Netflix plans to drive its next growth phase by investing in live events and sports, following the success of its ad-supported offering. The strategy, mirroring the traditional TV model, could propel stocks back to 2021 record highs, benefiting from increased visibility and advertising revenue potential.

Walmart (NYSE:WMT) – Walmart opposes New York’s new legislation requiring panic buttons in stores, arguing it may trigger too many false alarms. The law was passed to enhance retail worker safety in response to rising violence and thefts. In other related news, Walmart forecasts its US e-commerce business to be profitable within the next two years. The company is focused on cost reduction and order fulfillment, capitalizing on the 22% surge in online sales in the last quarter.

Yelp (NYSE:YELP) – Yelp may sue ReviewVio for falsely advertising that it can remove negative reviews from the Yelp website, alleging trademark infringement and unfair competition. Judge William Alsup in San Francisco allowed the lawsuit to proceed, highlighting potential confusion about the relationship between the companies and the impact on Yelp’s advertising services.

Tesla (NASDAQ:TSLA) – Tesla CEO Elon Musk announced that there won’t be an updated version of the Model Y this year, despite ongoing improvements to vehicles. Upgrades to Tesla’s older models have been sluggish due to high interest rates and competition from more affordable models in China. Additionally, Tesla shareholders will soon vote on a controversial $56 billion compensation package for Elon Musk. With approximately 90% of retail shareholders seemingly in favor, approval seems likely despite opposition from major funds and recommendations against from proxy advisors. Norway’s $1.7 trillion sovereign wealth fund will vote against Elon Musk’s $56 billion pay package at Tesla, after a judge deemed it unfair to shareholders. Tesla also argues that the legal team that nullified Elon Musk’s pay package in January deserves only a fraction of the $5.6 billion in fees sought, as the case brought little benefit to the company. The automaker proposes to pay $13.6 million for legal services.

Stellantis (NYSE:STLA) – Stellantis has preemptively expanded the recall of potentially faulty airbags in Europe, Africa, and the Middle East to include more Citroen, DS, and Opel models. The recall now covers Citroën C4, DS4, DS5 models, and some Opel vehicles, albeit less restrictive than the initial recall, which included Citroën C3 and DS3.

Southwest Airlines (NYSE:LUV)- Elliott Investment Management, an activist investor, has acquired a nearly $2 billion stake in Southwest Airlines. They plan to press the airline for strategic changes to rectify its underperforming performance.

Spirit Airlines (NYSE:SAVE) – Spirit Airlines dismisses the possibility of bankruptcy and is optimistic about its plan following the failure of the merger with JetBlue (NASDAQ). CEO Ted Christie expressed this confidence at the annual shareholder meeting, despite a recent decline in the company’s shares and operational challenges, including aircraft groundings.

Boeing (NYSE:BA) – Boeing’s CST-Starliner space taxi successfully docked with the International Space Station, bringing its first astronauts, Sunita Williams and Barry Wilmore. This test flight is crucial for both NASA and Boeing, especially after multiple delays and technical setbacks.

Virgin Galactic (NYSE:SPCE) – Virgin Galactic successfully conducted its second spaceflight this year on Saturday, carrying Turkish, American, and Italian tourists to the edge of space. Galactic Mission 07 reached approximately 55 miles in altitude on a flight lasting just over an hour, departing and returning to Spaceport America in New Mexico.

BP plc (NYSE:BP) – BP updated its conflict of interest policy, requiring employees to disclose any intimate relationships with colleagues. The change follows the dismissal of former CEO Bernard Looney for failing to disclose such relationships, emphasizing total transparency to avoid conflicts of interest, under the threat of dismissal.

Occidental Petroleum (NYSE:OXY), Berkshire Hathaway (NYSE:BRK.A) – Warren Buffett’s Berkshire Hathaway acquired about 2.57 million shares of Occidental Petroleum from June 5 to 7, investing over $150 million. This raised its total stake in the company to approximately 250.6 million shares, representing about 28% of Occidental.

US Steel (NYSE:X) – Takahiro Mori, vice president of Nippon Steel, returned to the US to promote the acquisition proposal for US Steel, receiving positive feedback from employees and community leaders. Despite regulatory scrutiny and union opposition, the Japanese company aims to conclude the $14.9 billion merger, already approved outside the US.

Diamond Offshore Drilling (NYSE:DO), Noble Corporation (NYSE:NE) – Diamond Offshore Drilling has agreed to be acquired by Noble Corp. for approximately $1.6 billion in a cash and stock deal. Under the agreement, Diamond Offshore’s shares were valued at $15.52 based on Friday’s closing price. Diamond Offshore Drilling shares rose 4.6% in pre-market trading to $14.57.

CrowdStrike (NASDAQ:CRWD), KKR & Co (NYSE:KKR), GoDaddy (NYSE:GDDY) – S&P Dow Jones Indices announced that KKR & Co, CrowdStrike, and GoDaddy will be added to the S&P 500 index on June 24, replacing Robert Half (NYSE:RHI), Comerica (NYSE:CMA), and Illumina (NASDAQ:ILMN).

Blackstone (NYSE:BX) – Nadeem Meghji, global co-head of Blackstone’s real estate sector, noted that liquidity is returning to the real estate market, with high-quality assets attracting more interest. He observed an increase in the number of bidders for apartment buildings, attributing this to falling capital costs and new supply.

KKR & Co (NYSE:KKR) – KKR & Co. invested $50 million in one of its main real estate funds and committed to supporting its valuation amidst commercial real estate market instability. The company also plans to repurchase up to 7.7 million shares if the fund’s valuation falls below $27 per share by 2027, ensuring value for shareholders and demonstrating confidence in the real estate market’s recovery.

PowerSchool Holdings (NYSE:PWSC), Bain Capital (NYSE:BCSF) – Bain Capital will acquire PowerSchool Holdings in a deal valuing the educational software company at $5.6 billion. Bain will pay $22.80 per share, a 37% premium over the previous closing price. Vista Equity and Onex will retain minority stakes post-acquisition.

Visa (NYSE:V), Mastercard (NYSE:MA)- Visa and Mastercard will face new lawsuits in London after a court allowed collective proceedings on behalf of merchants to proceed. The companies are accused of overcharging interchange fees, with many lawsuits already underway in London’s Competition Appeal Tribunal.

Waystar (WAY) – Waystar shares fell on Friday in their Nasdaq debut after raising $968 million in their initial public offering, one of the largest IPOs of the year. The shares opened at $21, below the IPO price of $21.50, and closed at $20.70, valuing the company at $3.50 billion.

Walgreens Boots Alliance (NASDAQ:WBA) – Walgreens Boots Alliance is considering an initial public offering for its Boots pharmacy network in the UK, while continuing sale negotiations. The company has informally discussed with potential buyers, including private equity firms, without yet making a final decision on Boots’ sale.

Pfizer (NYSE:PFE) – A study by Stanford University found that a 15-day treatment with Pfizer’s antiviral Paxlovid did not alleviate long Covid symptoms. Despite hopes based on anecdotal reports, the study involving 155 participants showed no significant improvement in symptoms like fatigue and mental confusion.

Moderna (NASDAQ:MRNA) – Moderna announced that its combined Covid-19 and flu vaccine is more effective than individual vaccines, based on a late-stage trial. Being the first to release positive phase three data, the company plans to seek regulatory approval in the US soon, targeting a 2025 launch.

Express (NYSE:EXPR) – Express is selling its business for $160 million to a consortium including mall owners and investment firms. The sale, still open to better offers, also includes assuming $38 million in liabilities. This move averts the risk of liquidation and protects jobs and stores.

GameStop (NYSE:GME) – GameStop shares rose 6.6% in pre-market trading after closing down 39% on Friday, marking its worst day since February 4, 2021. This occurred despite Keith Gill, the infamous meme trader known as Roaring Kitty, scarcely mentioning GameStop in his live stream on Friday, although he reiterated his bullish stance on the company.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94012430/apple-showcases-ai-at-wwdc-2024-nvidia-stock-spli

Best Crypto to Buy Now June 7 – Brett, Injective, JasmyCoin
Joel Frank
Last updated: June 7, 2024 14:42 EDT | 3 min read

https://cryptonews.com/news/best-crypto-to-buy-now-june-7-brett-injective-jasmycoin.htm

This article below, from about a year ago offers much more insight into Jasmy IMO:

FEATURE: Former Sony execs laying down data security gambit to tech giants
By Yuki Yamaguchi, KYODO NEWS - Aug 9, 2023 - 15:35 | All, Feature, Japan

TOKYO- When Kazumasa Sato was assigned to Sony Corp.'s information technology section as a fresh economics graduate in 1980, he was baffled.

Maintaining an information system using IBM mainframe computers was not precisely what he envisioned doing at one of the country's most famous tech companies known for innovative products such as the iconic Walkman cassette player and Trinitron TV.

But about 40 years later, Sato says that experience set the course for his career. His fascination with networks eventually led him to set up a data security venture utilizing blockchain technology with other former Sony innovators, including former president Kunitake Ando.

Jasmy Inc., established in 2016, aims to create a world where people can have control over their personal data at a time when big tech firms such as Google LLC and Apple Inc. have obtained an unfathomable amount of personal information from customers across the globe.

"There could be a network that is more secure and safe," Sato, the 66-year-old president of the venture, said in an interview. "We are from Sony so we love to take a shot at doing things that other people can't do."

The ambition resulted in a service called "Personal Data Locker," a platform where people can safely manage their data and decide how much they want to disclose to businesses or services they wish to use.

Unlike the conventional, centralized data management system in which personal data are stored in a particular server, the service employs the blockchain to store data in a decentralized way, without depending on dedicated physical servers.

That prevents falsification and loss of data as the blockchain, an encoded digital ledger stored across a network of computers, does not allow data to be modified or deleted by a single actor. It also helps users identify and trace unintended use of their data by a third party as it is inherently trackable on the ledger, the company said.

The service has already been adopted by Nippon Travel Agency Co., which uses it to manage customer information. Witz Corp., a Nagoya-based company that helps manage logistics at large events, also uses it to handle personal information such as with infections due to the coronavirus. Jasmy said it is looking to expand its customer base further.

The venture has also created its own cryptocurrency, JasmyCoin, with an eye to using it in the future as a reward to those who shared their information. The virtual currency, which was first listed in Japan in 2021 and now held by more than 50,000 people, has a market capitalization of about $200 million as of the end of July.

Ever since being initially shocked by the emerging concept of the internet in the early years of his career, Sato always had a passion for network-related businesses, he said.

"The internet was a concept that had been non-existent before," said Sato, who later helped launch internet service provider businesses at Sony and served as president of Sony's e-commerce unit. "It threw common sense out the window. It was extremely attractive."

He left Sony in 2010 to pursue other opportunities, but as he saw the need for a safe internet rise on the back of increasing misinformation, online abuse, and concerns over the use of personal data, he decided to launch a venture to help create a network everyone can use more safely.

Sato's idea attracted like-minded risk-takers from Sony.

Takashi Hagiwara, a long-time engineer in charge of the development of the Vaio PC, quit the tech giant in 2020 with less than one year left before reaching the company's retirement age to join Jasmy.

"There is a sort of joy that is similar to solving a puzzle when we try to bring our ideas into reality," said Hagiwara, who oversees software development at the venture. "That's what I felt at Sony and what I continue to feel here, too."

Hidehiko Kakinuma, who has a wealth of experience launching new businesses, including Sony Bank Inc., now serves as executive officer in charge of marketing at Jasmy.

"The emergence of blockchain (technology) is a really important factor," the 56-year-old executive said. "With that, we can create a system that gives back to users" when dealing with personal data.

With various options under consideration, Sato says his ultimate goal is to combine its technology with artificial intelligence.

While interest in generative AI such as ChatGPT is booming, he said there is always a risk that if one enters sensitive information, it can be absorbed into the system and lead to an unintended data leak.

The combination of Jasmy's data security technology and AI could create a kind of AI optimized for personal use without worrying about data security.

Such an AI could be installed into various devices such as cars and smart speakers, among other things, he added.

"If people feel threatened by exposing their personal data, they become reluctant to utilize data," he said. "But if we are able to manage our data on our own, it will surely make the world more fun and convenient."

Sato compared his company's service to making real-life decisions such as how much personal information you wish to disclose when meeting new people or if you offer your name card when greeting someone in a business setting.

"This is what everybody does in real life," Sato said. "You don't necessarily have to lie, but you don't really have to expose everything, either."

https://english.kyodonews.net/news/2023/08/c985203b1f62-feature-former-sony-execs-laying-down-data-security-gambit-to-tech-giants.html?phrase=jasmy&words=Jasmy

Robinhood Acquires Bitstamp for $200 Million, Binance Reactivates Mastercard Purchases, and More Crypto News [Coinbase]
June 06 2024 - 3:37PM
IH Market News

Coinbase integrates network alerts in encrypted wallet with Notifi

The mobile wallet of Coinbase Global (NASDAQ:COIN) now offers automated alerts about network activities through the Notifi messaging service. The launch, in partnership with GMX, allows users on Arbitrum and Avalanche to receive notifications about imminent liquidations and governance changes. The integration uses the XMTP protocol, enabling secure communications between wallet users. This new functionality aims to enhance the user experience by providing relevant and timely information directly in the wallet.

Binance reactivates cryptocurrency purchases with Mastercard
Binance, the largest cryptocurrency exchange by volume, has announced the reactivation of Mastercard (NYSE:MA) for cryptocurrency purchases. According to a statement on the X platform, the functionality has been restored with a single purchase limit of up to 5,000 euros, about $5,440, and $20,000 for transactions in U.S. dollars. This return is part of a larger effort by Binance to meet stringent compliance standards, reinforcing trust among users and regulators. The company also plans to expand regulated payment options to further facilitate user transactions.

Robinhood acquires Bitstamp for $200 million to expand crypto operations
Robinhood Markets (NASDAQ:HOOD) has finalized the acquisition of Bitstamp, one of the world’s oldest cryptocurrency exchanges, for $200 million. This acquisition, expected to be completed in the first half of 2025, aims to expand Robinhood’s Bitcoin and cryptocurrency business, increasing its global reach and its ability to serve institutional and retail customers. Bitstamp, known for its resilience and reliability, will complement the services already offered by Robinhood, which sees in cryptography the potential to reorganize the financial system.

Bitdeer acquires Desiweminer in a $140 million transaction
Bitcoin miner Bitdeer (NASDAQ:BTDR) has purchased ASIC chip designer Desiweminer in an all-stock deal valued at $140 million. The transaction, announced on June 3, involves 20 million Class A ordinary shares of BTDR. The Desiweminer team will join Bitdeer’s ASIC design team in Singapore, with combined products ready for immediate launch. This move comes after a $150 million investment from Tether in Bitdeer. In response to the announcement, BTDR shares rose about 6.3%, to $7.45, in Thursday’s trading.

Core Scientific rejects acquisition offer from Coreweave
Core Scientific (NASDAQ:CORZ), a prominent cryptocurrency miner, has declined an acquisition proposal from Coreweave valued at $5.75 per share. The board stated that the offer undervalues the company, considering its recent deals and growth projections. This announcement comes after Core Scientific overcame a bankruptcy petition and demonstrated a robust financial recovery in the first quarter of 2024.

Ark’s Cathie Wood withdraws from Ether ETF due to intense fee war
Cathie Wood of Ark Investment has abandoned the launch of an Ethereum ETF in the U.S., citing the competitive fee war as a decisive factor. At the Consensus conference, Wood revealed that Ark’s spot Bitcoin ETF, with a fee of 0.21%, was not profitable. With Grayscale setting higher fees and losing market leadership, the industry faces a race to offer low fees. Analysts view Ark’s exit as a response to reduced margins and potentially lower demand for Ether ETFs compared to Bitcoin ETFs.

Bitcoin ETFs record record inflows of $1.4 billion in two days
On June 5, Bitcoin ETFs recorded inflows of $488.1 million, marking 17 consecutive days of inflows, a new record. In the past two days, inflows totaled an impressive $1.4 billion. The Fidelity ETF (AMEX:FBTC) led with $220.6 million, followed by the BlackRock ETF (NASDAQ:IBIT) with $155.4 million. The ARK ETFs (AMEX:ARKB) and the Bitwise ETF (AMEX:BITB) registered $71.4 million and $18.5 million, respectively. The Grayscale ETF (AMEX:GBTC) recorded inflows of $14.6 million, but still faces a total net outflow of $17.9 billion.

Bitcoin volatility increases with futures expiration and high projections for 2024
Bitcoin (COIN:BTCUSD) is fluctuating around $71,000 this Thursday, hitting an intraday high of $71,650.56 and trading at $70,956 at the time of writing. Among the top 10 cryptocurrencies, all are experiencing slight declines, except Ether (COIN:ETHUSD), which is up over 1%, and Toncoin (COIN:TONCOINUSD), which is up over 3%. The price of ETH is $3,831, while Toncoin is valued at $7.43.

However, with $2.2 billion in futures options expiring on June 7, Bitcoin could fall below the psychological mark of $70,000. Of these, $1.22 billion are Bitcoin futures options, indicating a “maximum pain point” of $69,500. This expiration may increase Bitcoin’s price volatility, creating a scenario of uncertainty.

Parallelly, Fernando Pereira, analyst at Bitget, highlighted with optimism the positive correlation between the performance of the S&P 500 and the price of Bitcoin. He predicts that “a 2.5% to 5% rise in the S&P 500 in the coming days could drive BTC up about 12%, reaching $80,000”. Additionally, Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered, also shares an optimistic view, predicting that Bitcoin could reach $100,000 before the U.S. presidential elections. Kendrick suggests that, should Trump win, the price could reach $150,000 by the end of the year, attributing this outlook to the political climate, recent regulatory decisions, and potential favorable economic data.

Franklin Templeton plans crypto fund for institutional investors
Franklin Templeton, a $1.6 trillion asset manager, is considering launching a private cryptocurrency fund, according to The Information. The fund, aimed at institutions, will focus on assets beyond bitcoin and ether, with the possibility of passing on staking rewards. The manager has previously taken initiatives in the digital asset sector, including a bitcoin ETF and a tokenized government bond fund.

Tim Draper recommends Bitcoin for treasury diversification after SVB collapse
Venture capitalist Tim Draper suggests that companies diversify their treasuries by including Bitcoin (COIN:BTCUSD) as protection against banking risks. This recommendation follows the collapse of Silicon Valley Bank (SVB) in March 2023, which severely impacted several startups, including cryptocurrency clients. Draper proposes that companies split their capitals between large banks, smaller banks, and Bitcoin to avoid similar challenges in the future. This method offers a safety net, allowing operations to continue even in financial crises.

High short positions in MicroStrategy signal potential volatility
Analyses of net short positions released by Fintel reveal that MicroStrategy (NASDAQ:MSTR) faces high exposure to short selling, representing 23.14% of its market capitalization, indicating strong bearish sentiment. In contrast, Coinbase (NASDAQ:COIN) and Marathon Digital (NASDAQ:MARA) show lower exposure, with 1.77% and 1.68%, respectively. These positions may reflect hedging strategies, especially in contexts where companies maintain long positions in Bitcoin (COIN:BTCUSD), as is the case with Kerrisdale Capital.

SushiSwap expands to Bitcoin’s Rootstock sidechain
The decentralized exchange SushiSwap (COIN:SUSHIUSD) now operates on Bitcoin’s Rootstock sidechain, seeking to integrate DeFi features into the BTC ecosystem. Rootstock, launched in 2018, is one of the first Ethereum Virtual Machine (EVM)-compatible sidechains dedicated to Bitcoin. Its goal is to combine the security of Bitcoin with the flexibility of Ethereum’s smart contracts. SushiSwap’s migration follows the trend of expanding DeFi on Bitcoin, initiated by the Ordinals protocol and other projects seeking to incorporate typical features of networks like Ethereum and BNB Chain into Bitcoin.

B2BinPay launches TRX staking and expands blockchain support
B2BinPay, a leader in blockchain payment solutions, has introduced staking of Tron (COIN:TRXUSD) and expanded its blockchain support in the latest update. Now, in addition to Polygon (COIN:MATICUSD) and Avalanche (COIN:AVAXUSD), the platform includes Optimism (COIN:OPUSD), Arbitrum (COIN:ARBUSD), and Base. The highlight of the version is TRX Staking with an annual yield of 3-5%, allowing users to save on transaction fees by converting staking into bandwidth and energy. These additions reinforce the versatility of B2BinPay, offering more options and efficiency to its customers.

Avalanche and Blockaid join forces to enhance security in blockchain wallets
Avalanche (COIN:AVAXUSD) has announced a partnership with Blockaid to integrate security features into its Core wallet. The initiative aims to combat phishing scams and other attacks, using Blockaid’s threat database to simulate and verify transactions before execution. This measure intends to provide an extra layer of security for Avalanche network users. Despite criticisms about the false positives generated by the system, Blockaid emphasizes that this is a small price to pay to effectively block fraudulent transactions, promoting greater security in the decentralized finance ecosystem.

Web3 developer loses $40,000 after exposing keys on GitHub
Brian Guan, co-founder of Unlonely, lost $40,000 after accidentally making public a GitHub repository containing his secret keys. The incident, disclosed in a post on X on June 5, highlights the security risks in managing digital assets. The cryptocurrency community reacted mixedly, with some offering support, while others criticized his previous views on using ChatGPT for programming. The event raises questions about security practices and developers’ responsibility to effectively protect their digital assets.

Taiko innovates with decentralized sequencing on Ethereum Layer 2
Taiko, an Ethereum Layer 2 project, has launched its mainnet with permissionless sequencing and proof, becoming the first rollup to offer such functionality. This allows anyone to participate in block sequencing and validation, promoting greater decentralization compared to other rollups that use centralized sequencers. Taiko’s co-founder and CEO, Daniel Wang, highlighted the commitment to decentralization and the security inherited from Ethereum’s base layer. With this, Taiko aims to enhance Ethereum’s scalability and efficiency, reducing central dependencies and increasing community participation.

The Sandbox announces $20 million funding for metaverse expansion
The Sandbox (COIN:SANDUSD), a subsidiary of Animoca Brands, has raised $20 million to expand its creative economy in the metaverse. Led by Kingsway Capital and with participation from investors such as LG Tech Ventures, the funds will be used to enhance tools like Game Maker and VoxEdit, and to introduce advanced social interactions. The company is also developing a mobile version, scheduled for 2025, reinforcing its commitment to making the metaverse accessible and inclusive to a global audience.

Roger Ver released on bail in Spain awaiting extradition
Bitcoin investor Roger Ver has been released on bail of $163,000 by a Spanish court while awaiting possible extradition to the U.S. Accused of fraud and tax evasion, Ver must remain in Spain and appear in court every two days.

JPMorgan evaluates regulatory trend against crypto and CBDC in the U.S.
According to a report by JPMorgan (NYSE:JPM), cryptocurrency regulations in the U.S. are taking a restrictive direction, especially against the launch of a central bank digital currency (CBDC) and the adoption of cryptocurrencies by local banks. The report highlights that non-compliant stablecoins, such as tether (COIN:USDTUSD), are also under increasing scrutiny. The Payment Stablecoins Clarity Act, which favors regulated stablecoins, has a better chance of approval before the presidential elections. Other initiatives, including the FIT21 Act and regulations that make it difficult for banks to custody crypto assets, face significant challenges to be implemented.

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How to emulate the original PlayStation and Nintendo 64 on Mac
Alex Baggott | Jun 07, 2024

Games on the Sony PlayStation and Nintendo 64 can be played on an Apple Silicon Mac with a little bit of work. Here's how to emulate the classic consoles on a Mac or MacBook.

The transition from the fourth to the fifth generation of video game consoles was a unique time in gaming history. It heralded the movement from 2D to 3D games during the mid-1990s.

This involved pioneering work in bringing real-time 3D graphics to life, as well as the disruption of major players in the industry.

It also adds a whole new dimension (literally) to emulating games. Polygon transformation, projection, lighting and shading, texture mapping, anti-aliasing, depth and occlusion, animation, and camera positioning must all be handled accurately by emulators.

Some of these aspects can even be manipulated to produce better visuals.

Incidentally, it's easy for modern Macs to perform the graphical computations made on the hardware of fifth-gen consoles. But, it's more taxing for them to emulate the console performing those same calculations.

When we add multiple graphical enhancements on top of this, you'll see how emulating these games can rapidly make your Mac's hardware struggle.

Unlike the fourth generation systems in our previous guide, the setup for emulating fifth generation consoles on Mac depends on the particular console.

Also, due to the higher complexity, not every available approach works well. So, the following guide makes recommendations based on the results of our testing and experimentation.

Important: The legalities of emulation

Before you start, you should ensure that you understand the legality of emulating games. It is usually legal to emulate a console as long as you own the original hardware, so make sure that you do.

You should also own a legitimate copy of the original game, since downloading or distributing a game without owning it is illegal. However, the legality of using digital copies of physical games depends on copyright laws in your jurisdiction, and can vary significantly between regions.

Please check all of this out before proceeding.

The need for BIOS files

In the world of emulation, optical disc systems such as the PlayStation or Sega Saturn need BIOS files to run. Cartridge-based systems like the N64 do not.

BIOS (Basic Input/Output System) files contain the firmware necessary for the console to interface with the game's hardware. Essentially, the BIOS acts as an intermediary, handling system startup routines and ensuring proper communication between the game and the emulated hardware.

On the original consoles, the BIOS initializes the hardware, including the optical drive, to make sure that it reads the game disc correctly. It also manages core system functions such as memory card access, audio, and video settings.

This provides a standardized environment in which games run.

Additionally, BIOS files perform security checks to authenticate the game disc, verifying that it's a legitimate copy. This step is crucial for consoles designed to prevent piracy.

Many optical disc consoles implement region locking through their BIOS. This restricted games to specific geographic regions, such as Europe or the US.

In contrast, cartridge-based systems like the Nintendo 64 do not require BIOS files for emulation. This is because cartridges are self-contained, meaning the hardware initialization and system functions are directly managed by the cartridge itself.

Games on cartridge-based systems access the console's hardware directly, bypassing the need for an intermediary firmware layer.

For emulators, this distinction means they require the original BIOS file to accurately replicate the startup routines and system functions of consoles that used them. Without the BIOS, these emulators cannot perform essential tasks, leading to compatibility issues or failure to boot games.

The BIOS region must match the region of the game ROM. For example, an SCPH-3000 BIOS (a model of Japanese PS1) can only run PS1 games that were released in Japan.

You must also make sure that you only use BIOS files from the hardware that you own. For example, if you own PAL PS1 from the UK, it's illegal to download and use the BIOS of an NTSC PS1 from the US.

How to extract your PlayStation (PS1/PSX) BIOS

This process dumps the BIOS from your PS1 and converts it for use in an emulator.

This guide uses a piece of software called MemcardRex which is currently only available for Windows. Therefore, you'll either need access to a PC to run it, or you'll need to use CrossOver or a virtual machine.

How to extract the PlayStation BIOS with BIOS Dumper...
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