Coinbase, IBD Stock Of The Day, Surges Above Buy Point As Bitcoin Tops $53,000 To Two-Year High

Coinbase is Monday's IBD Stock of The Day as it surges past a buy point. Shares of the cryptocurrency exchange are running higher with other crypto stocks as the bitcoin price spiked back above $53,000 for the first time since November 2021.

Coinbase (COIN) on Feb. 15 reported diluted earnings of $1.04 per share, improving from a loss of $2.46 per share last year and ending a streak of seven consecutive quarterly losses. Total revenue spiked 51% to $953.8 million, marking the exchange's second consecutive increase after six straight quarters of double-digit declines.

FactSet expected Coinbase earnings of 2 cents per share on a 31% jump in revenue to $826 million.

Consumer transaction revenue leapt nearly 60% over the year to $492.5 million and improving from $274.5 million in Q3. Institutional transaction revenue increased 173% to $36.7 million, also climbing from $14.1 million last quarter.

Total subscription and services revenue climbed almost 33% to $375.4 million. Custodial fee revenue rose to $19.7 million, compared to $11.4 million last year and $15.8 million last quarter, respectively.

For Q1, Coinbase expects subscription and services revenue to range from $410 million to $480 million.

Coinbase is also serving as the cryptocurrency custodian for a majority of newly launched spot bitcoin ETFs following the FTC's Jan. 11 approval for those funds.

ETF Impact

"We've always said that ETFs would be a win-win for Coinbase and we're starting to see that play out on our platform," CEO Brian Armstrong said on the Feb. 15 earnings call, noting Coinbase custody accounted for 90% of the $36 billion in bitcoin ETF assets at the time. "We're earning revenue, not just on custody, but also on trading and financing. We've already seen great demand as bitcoin is now the second-largest ETF commodity in the U.S., surpassing silver."

A number of firms hoisted their price targets on shares after the report based on the performance and Q1 outlook. H.C. Wainwright on Feb. 16 raised its price target on Coinbase to $250 from $115 and maintained a buy rating on the stock.

The upcoming bitcoin halving event in April along with growing demand and incremental inflows from spot bitcoin ETFs will provide "significant positive catalysts" for the exchange going forward, the firm wrote.

Bitcoin Notches Two-Year High

Bitcoin on Monday jumped as high as $53,614, marking its highest level since November 2021. The crypto's total market capitalization is back above the $1 trillion mark for the first time in more than two years following its February rally. Bitcoin is now up 25% so far in 2024, with most of the gains coming after the spot bitcoin ETF launches in early January.

Cathie Wood Takes Profits

Meanwhile, Cathie Wood and her ARK Invest firm appear to be taking profits on COIN stock throughout February. ARK Invest on Feb. 14 sold $34.23 million worth of Coinbase stock across three of its funds, its first sale of the crypto exchange's shares in over a month, according to daily trade updates. The most recent sale prior came on Jan. 11 following the bitcoin ETF launches, according to CoinDesk.

ARK Invest regularly sold shares throughout the month following Coinbase's earnings. The firm sold a total of 971,814 shares of COIN stock in February across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF), worth roughly $167.25 million based on the various closing prices.

Coinbase Stock

Coinbase stock leapt 14.6% Monday to 190.29, moving back above a prior 187.39 cup-base buy point. Investors could have jumped into COIN as it broke the downtrend of a high handle formation. Traders also could use the Feb. 16 high handle peak of 193.64 as an entry or add-on buy point, but it's already significantly extended from the 50-day line.

COIN shares on Feb. 16 briefly broke out from a cup base following earnings but didn't close above that level. Shares fell back last week.

Shares have rocketed 48% so far in February to erase its 26% drop from January.

Coinbase leads the Computer Software-Financial Group according to the IBD Stock Checkup.

COIN stock has a perfect 99 Composite Rating. The Composite Rating combines various technical and fundamental indicators into one easy-to-read score. Shares have a 76 EPS Rating. Coinbase's relative strength line is trending toward its 52-week highs from late December and has a 98 RS Rating.

Elsewhere, spot bitcoin ETF shares and crypto stocks surged Monday along with bitcoin. Spot bitcoin ETFs, including the iShares Bitcoin Trust (IBIT), ARK 21Shares Bitcoin ETF (ARKB), Fidelity Wise Origin Bitcoin Trust (FBTC) all gained 5% Monday. The new bitcoin ETFs, except for Fidelity, are now trading at record levels after punching above launch-day highs.

Bitcoin miner Marathon Digital (MARA) vaulted 21% Monday ahead of Q4 results late Wednesday. FactSet analysts expect the company's earnings improve to 3 cents per share from a loss of $3.09 last year while revenue spikes nearly 440% to $153.6 million. MARA stock has a 30.45 cup-with-handle buy point.

You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison

https://www.investors.com/research/ibd-stock-of-the-day/coinbase-rallies-to-break-downtrend-as-bitcoin-crosses-53000-to-two-year-high/

Texas Voters Stand with Crypto

A new study highlights that a ??growing pro-crypto constituency in Texas wants to update the financial system. This is particularly true among the Lone Star State’s younger demographic who view crypto as a tool for change to support economic opportunity, freedom and fairness. With the 2024 election fast approaching, With Texas leveraging its natural strengths to grow as a global crypto hub, Texas is standing with crypto and making clear policy makers should mess with Texans’ crypto.

* 4.7 million Texas adults (or 21%) own digital assets, according to previous Morning Consult data.

* Texas crypto owners represent the next generation of Texas voters, with 39% falling between ages
18-34 and a majority reporting a household income below $75K.

* Polling finds that this emerging cohort of younger, more diverse voters care about the positions politicians and leaders take on crypto, pointing to the economic opportunity, freedom and fairness; job creation; accessibility; and global leadership potential of the tech.

By Coinbase Policy, February 23, 2024, 3min read time

https://www.coinbase.com/blog/texas-voters-stand-with-crypto?__cf_chl_rt_tk=FEDRAvAGHPhUrz_PvZkD2twFHQ6GwTHSKHr.4peujgU-1708975503-0.0-5842

2024-02-20 An interview article about our company was published in TECH+

https://www.jasmy.co.jp/

An interview article about our company was published in TECH+
Distribution date: February 20, 2024

Our director Kakinuma was interviewed on ``TECH+'', a technology-related business information site centered on IT operated by Mynavi Co., Ltd., stating that ``Web3 technology is a ``detonator for regional revitalization'' and tokenizes local products and culture.'' The article has been published.

https://news.mynavi.jp/techplus/article/20240220-2887792/

Reports of ‘imminent’ Apple Ring is bad news for Oura, Movano, Samsung
Friday, February 23, 2024 1:20 pm
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Apple is reportedly speeding up development of the long-rumored Apple Ring wearable smart ring that would continuously collect wearers’ health data, ETNews reported this week.

Maria Diaz for ZDNet:

[A]pple is reportedly working on the launch timing of its smart ring. This would be another new device released on the heels of the Apple Vision Pro, the first new device category launched by the company in nearly a decade.

It would make sense to learn that such a device could be nearing commercialization, especially after Samsung announced its own…

The global smart ring market is projected to grow by over 29% by 2028, from $234 million in 2022 to $1.1 billion in 2028. Oura leads the smart ring market with a 53% share, but this number will likely take a hit once Samsung officially launches its Galaxy Ring this year. This could be the opportunity Apple has been waiting for to perfect its smart ring technology and launch the device.

Whether Apple announces a new smart ring during WWDC 2024 event or not, I don’t think we’ll go two more years without an Apple Ring, especially if the Samsung Galaxy Ring does well with users.

MacDailyNews Take: “$1.1 billion in 2028” is a prediction will turn out to be quite the undershot if/when Apple gets involved.

See also: Evie Ring by Movano is now using Liquidmetal

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https://macdailynews.com/2024/02/23/reports-of-imminent-apple-ring-is-bad-news-for-oura-movano-samsung/

Apple’s new Sports app offers some interesting caveats
Thursday, February 22, 2024 11:31 am
1 Comment

Apple on Wednesday introduced Apple Sports, a free app for iPhone that gives sports fans access to real-time scores, stats, and also comes with some interesting caveats. Designed for speed and simplicity, the app’s personalized experience puts users’ favorite leagues and teams front and center, featuring an easy-to-use interface designed by Apple. Apple Sports is available to download now in the App Store in the U.S., the U.K. and Canada.

Chris Velazco for The Washington Post:


As usual for Apple, its new Sports app hooks neatly into its other services. Once you select teams and leagues to follow, you’ll start seeing relevant updates in the Sports section of Apple’s News app. And if Apple — or a streaming app you’ve connected to the Apple TV app — has the rights to air a game you’re following, you’ll be able to quickly click into the live stream from the Sports app.

Apple said certain leagues — like the WNBA, NCAA football and the NFL — will be available to follow in the app when their respective seasons begin.

A fast, free tool for up-to-the-minute scores could be helpful for people weary of their existing options, but Apple’s first attempt at this kind of app for sports fans comes with curious caveats.

In its current form, Apple’s Sports app doesn’t generate notifications or Live Activities — those persistent notifications that appear on iPhone lock screens to offer in-the-moment updates. You also don’t have the option to place an Apple Sports widget on an iPhone’s home screen to help you passively keep track of changes in a game.

MacDailyNews Take: Little birdie says the Sports app was released to coincide with the start of the MLS season yesterday and these caveats (and others like an Apple Watch app) will be addressed in future updates, making Apple’s Sports app indispensable for fans.

https://macdailynews.com/2024/02/22/apples-new-sports-app-offers-some-interesting-caveats/

Introducing Apple Sports, a new app for sports fans
February 21 2024 - 09:00AM
Business Wire

The free app for iPhone delivers real-time scores, stats, and more, all designed for speed and simplicity

Apple® today introduced Apple Sports, a free app for iPhone that gives sports fans access to real-time scores, stats, and more. Designed for speed and simplicity, the app’s personalized experience puts users’ favorite leagues and teams front and center, featuring an easy-to-use interface designed by Apple. Apple Sports is available to download now in the App Store in the U.S., the U.K. and Canada.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220683025/en/

Apple Sports — an iPhone app that offers fans access to real-time scores, stats, and more — is now available to download in the App Store. (Photo: Business Wire)
Apple Sports — an iPhone app that offers fans access to real-time scores, stats, and more — is now available to download in the App Store. (Photo: Business Wire)

“We created Apple Sports to give sports fans what they want — an app that delivers incredibly fast access to scores and stats,” said Eddy Cue, Apple’s senior vice president of Services. “Apple Sports is available for free in the App Store, and makes it easy for users to stay up to date with their favorite teams and leagues.”

Apple Sports keeps fans up to date on the following leagues currently in season:

MLS
NBA
NCAA basketball (men’s and women’s)
NHL
Bundesliga
LaLiga
Liga MX
Ligue 1
Premier League
Serie A
Additional leagues will become available on Apple Sports over time, including MLB, NFL, NCAAF, NWSL, and WNBA for their upcoming seasons.

Apple Sports gives fans a simple and fast way to stay up to speed on the teams and leagues they love. Users can customize their scoreboards on Apple Sports by following their favorite teams, tournaments, and leagues. Fans can easily navigate between scores and upcoming games; explore play-by-play information, team stats, lineup details, and live betting odds;1 and tap to go to the Apple TV app to watch live games from Apple and connected streaming apps.2 Apple Sports will also seamlessly sync with favorites selected within the My Sports experience including in the Apple TV app and Apple News.

Availability:

Apple Sports is available to download beginning today in the U.S., the U.K., and Canada, with support for English, as well as French and Spanish where available.
Apple Sports is free to download, and is available for all iPhone models running iOS 17.2 or later.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

Footnotes:

1. Users have the option to turn off live betting odds in settings at any time.
2. A subscription is required for some services.

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.

© 2024 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.



View source version on businesswire.com: https://www.businesswire.com/news/home/20240220683025/en/

Sam Citron
Apple
citron@apple.com

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93327734/introducing-apple-sports-a-new-app-for-sports-fan

Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets
If approved in parliament, the draft bill could see VCs fund Web3 startups in exchange for crypto assets.
By Amitoj Singh
AccessTimeIcon
Feb 19, 2024 at 4:47 a.m. EST
Updated Feb 19, 2024 at 4:49 a.m. EST

https://www.coindesk.com/policy/2024/02/19/japan-moves-closer-to-allowing-venture-capital-firms-to-hold-crypto-assets/?_gl=1*1c53wz6*_up*MQ..*_ga*MTk3MjU5NzQ0Ny4xNzA4NDgxNzc2*_ga_VM3STRYVN8*MTcwODQ4MTc3NS4xLjAuMTcwODQ4MTc3NS4wLjAuMA..


Japan opens up Web3 investments for local VCs
ARIJIT SARKAR
FEB 19, 2024

Japan’s Ministry of Economy, Trade and Industry (METI) aims to promote the creation of new businesses and industries via increased domestic investments from limited partnership firms.

“We will take measures such as the addition of crypto assets to the assets that can be acquired and held by investment limited partnerships (LPS).”

https://cointelegraph.com/news/japan-web3-investments-partnership

Coinbase earnings suggest strong year ahead, though challenges abound
SANDEEP RAO
8 HOURS AGO

Coinbase's quarterly earnings report released last week indicated the company is well-positioned to tap into a number of growing revenue streams...

https://cointelegraph.com/news/coinbase-earnings-indicate-strong-year-ahead-though-challenges-abound

Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades
ARK sold Coinbase shares from ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.
By Parikshit Mishra
AccessTimeIcon
Feb 19, 2024 at 2:15 a.m. EST
Updated Feb 19, 2024 at 2:17 a.m. EST

https://www.coindesk.com/business/2024/02/19/cathie-woods-ark-offloads-90m-coinbase-shares-amid-slew-of-analyst-upgrades/?_gl=1*c5ak5*_up*MQ..*_ga*MTYzOTA5Njk2MC4xNzA4NDgxNTM5*_ga_VM3STRYVN8*MTcwODQ4MTUzOS4xLjAuMTcwODQ4MTUzOS4wLjAuMA..

Where Coinbase Canada Goes, so Does the World
Canada, quicker to adopt ETFs than the U.S., may offer a signal to where the U.S. goes next.
By Daniel KuhnAccessTimeIconFeb 19, 2024 at 4:02 p.m. EST

https://www.coindesk.com/consensus-magazine/2024/02/19/where-coinbase-canada-goes-so-does-the-world/?_gl=1*eery8f*_up*MQ..*_ga*MTYzOTA5Njk2MC4xNzA4NDgxNTM5*_ga_VM3STRYVN8*MTcwODQ4MTUzOS4xLjAuMTcwODQ4MTUzOS4wLjAuMA..

Apple: iPhone 15 batteries last longer than originally thought
Tuesday, February 20, 2024 5:23 pm
No Comments

Apple originally said that the iPhone 15’s battery, like several generations of iPhones before it, would retain up to 80% of its original capacity at 500 complete charge cycles. The company tells 9to5Mac that the iPhone 15 can retain 80% of its original capacity at 1000 complete charge cycles.

Chance Miller for 9to5Mac:

Apple says that its testing involved charging and discharging the battery 1000 times under specific circumstances representing common use cases. The improvement is due to Apple making continued updates to battery components and power management systems over the years.

Apple says that this change in battery cycle lifespan only applies to the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max. Previous iPhone models continue to be rated at retaining up to 80% capacity at 500 complete charge cycles. The company adds, however, that it is currently investigating older iPhone models, as well.

MacDailyNews Note: Check battery health on your iPhone 11, 12, 13, or 14: Go to Settings > Battery > Battery Health & Charging With iPhone 15 models with iOS 17.4 and later, you can see your battery health, when your battery was manufactured, when it was first used, the cycle count, and if a battery replacement is recommended via Settings > Battery > Battery Health.

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https://macdailynews.com/2024/02/20/apple-iphone-15-batteries-last-longer-than-originally-thought/#google_vignette

EU to hit Apple with €500 million fine over rival music streaming subscriptions
Tuesday, February 20, 2024 9:19 am
4 Comments

The EU’s European Commission is to impose its first ever fine on tech giant Apple – reportedly around €500 million (US$541 million) – for allegedly breaking EU law over access to its music streaming services, according to five people with direct knowledge of the long-running investigation.

Javier Espinoza for Financial Times:

The probe is investigating whether Apple blocked apps from informing iPhone users of cheaper alternatives to access music subscriptions outside the App Store.

The Commission will say Apple’s actions are illegal and go against the bloc’s rules that enforce competition in the single market, the people familiar with the case told the Financial Times. It will ban Apple’s practice of blocking music services from letting users outside its App Store switch to cheaper alternatives.

Brussels will accuse Apple of abusing its powerful position and imposing anti-competitive trading practices on rivals, the people said, adding that the EU would say the tech giant’s terms were “unfair trading conditions.”

MacDailyNews Take: Is the Commission going to force physical retail stores to allow rival retailers to post signs next to products advertising lower prices in rivals’ stores, too?

Unfortunately, as in days past and maybe even more so today, dealing with the illogical decisions of drooling idiot bureaucrats who could never make it in a real corporation is simply a cost of doing business.

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https://macdailynews.com/2024/02/20/eu-to-hit-apple-with-e500-million-fine-over-rival-music-streaming-subscriptions/#google_vignette

Shareholder letter:
In 2023, we saw our operational rigor pay off. We achieved our financial goal,
launched new innovative products, strengthened our competitive position,
and doubled down on our efforts to create momentum for a workable
regulatory framework for crypto in the US.

For the full-year, we generated net income of $95 million and positive
Adjusted EBITDA in all four quarters, totaling nearly $1 billion - consistent
with our financial goal to generate positive Adjusted EBITDA in all market
conditions. We diversified our full-year 2023 total revenue base of $3.1 billion
by generating $1.4 billion in subscription and services revenue. Meanwhile,
our balance sheet strengthened as we increased our total $USD resources to
$5.7 billion while simultaneously reducing total debt by 12%.

Beyond the numbers, we accelerated product velocity. We launched Coinbase
International Exchange, eligible customers can now access derivative
products through Coinbase Financial Markets, launched Base, and we
acquired key licenses, registrations or launched operations in 6 new markets.
We have improved our existing product suite and laid important foundations
for future growth.

In 2024 Coinbase will focus on three main priorities. First, driving revenue
through improving our core trading and USDC. Second, driving utility in
crypto with experiments in payments using USDC and Base. Lastly, we will
continue to drive regulatory clarity for the industry. All told, Coinbase is a
fundamentally stronger company today than a year ago, and we are in a
strong financial position to capitalize on the opportunities ahead.

Much more information at link below:
https://s27.q4cdn.com/397450999/files/doc_financials/2023/q4/Shareholder-Letter-Q4-2023.pdf

13% of new U.S. iPhone buyers upgraded from Android phones in 2023
Thursday, February 15, 2024 12:08 pm
No Comments

CIRP has released its latest study today taking a look at how many new iPhone buyers in the U.S. are upgrading from Android smartphones. 13% of new U.S. iPhone buyers upgraded from Android phones in 2023.

Michael Potuck for 9to5Mac:

Last May, CIRP’s data showed momentum for Apple with a record 15% of new US iPhone buyers coming from Android and an average selling price just shy of $1,000.

CIRP’s new report shows that the trend reversed a bit across 2023. Shown below, 13% of new US iPhone buyers report that they’ve switched from Android. That’s a 2% drop from what CIRP saw last year.

MacDailyNews Take: With more than 1 out of every 10 Android settlers waking up annually to the blatantly obvious fact that if it’s not an iPhone, it’s not an iPhone, Apple’s future is very bright indeed!

https://macdailynews.com/2024/02/15/13-of-new-u-s-iphone-buyers-upgraded-from-android-phones-in-2023/#google_vignette

Strong security using blockchain “Jasmy Secure PC” starts collaboration with cloud attendance management system “Kinro no Shishi”
~ “Visualize” “invisible overtime”. It is now possible to record attendance and departure times based on PC logs.
Jasmy Co., Ltd.

February 14, 2024 13:00

"Jasmy Secure PC," a robust security solution utilizing blockchain provided by Jasmy Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Kazumasa Sato, hereinafter referred to as "Jasmy"), is a security solution that utilizes blockchain to provide a secure solution for S.A., which manages work-life balance.·We will begin service collaboration via API with the cloud attendance management system “Kinro no Shishi” developed and provided by S Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Shuichi Aoyama).

As work style reform progresses, the Labor Standards Act was revised in 2019, making it mandatory to objectively record employee working hours. Clarifying the basis for understanding working hours has become a challenge for all companies, from the perspective of resolving many problems such as death from overwork due to long working hours and unpaid overtime pay.

This time, by linking the PC operating information recorded by the drive recorder function of "Jasmy Secure PC" with the attendance management system "Kinro no Shishi" via API, it will be automatically registered as objective information for "Kinro no Shishi". , or the difference from normal attendance and departure times can be summarized.

This collaboration eliminates the need for manual clocking in and out using "Kinro no Shishi," which helps prevent employees from forgetting to clock in, reduces unpaid overtime, and improves the efficiency of work related to attendance management. .

What is Cloud Attendance Management “Lion of Labor”?

"Kinro no Shishi" is a cloud-based attendance management system that can handle anything from simple management of attendance and attendance to complex work systems. It is used by a wide range of customers regardless of industry or number of people, and has evolved to handle the complex attendance management of hotels, hospitals, etc., which operate 24 hours a day, 365 days a year, which is said to be the most complex.

Not only does it support IC cards, finger veins, and web/smartphone stamping, but it also supports multiple shifts, help shifts, flextime, flexible working hours, project management, and telework. All of the know-how we have cultivated is packed into the system, so it can perfectly accommodate any complex work regulations. In addition, a dedicated attendance consultant will provide support including initial settings on behalf of each customer, so you can proceed with the implementation with peace of mind.

What is “Jasmy Secure PC”, a robust security solution that utilizes blockchain?

Equipped with a "drive recorder function" that visualizes work status on a computer from operation logs, a "ghost drive function" that protects data even when you are out, and a function that allows you to check employee work in real time, enabling new ways of working such as telework. This is an application that creates a safe and comfortable working environment.

Jasmy Secure PC URL: https://www.jasmy.co.jp/jasmy_secure_pc/

Company Profile

<S.A.S. Co., Ltd.>

SSA Co., Ltd. is an IT company based in Minato-ku, Tokyo that manages work-life balance with the mission of ``Everything is for smiles.'' We have built long-term relationships with major companies, and use our constantly honed business knowledge and solid technical capabilities to provide optimal solutions to customers in a variety of industries, including finance, distribution, and government offices. In addition, as our own brands, we have a cloud attendance management service called ``Toro no Shishi,'' which helps reduce the burden of HR operations, and a cloud expense settlement service called ``Kaitsu no Shishi,'' with the mission of ``Creating a world where everyone can work with a smile through IT and consulting.'' etc.

Company name: SSA Co., Ltd.

Representative: Representative Director Shuichi Aoyama

Established: October 1995

Location: 4F, ??4-10, Mita 3-chome, Minato-ku, Tokyo (Leela Hijiri Zaka Building)

Business content: System construction and consulting centered on finance, distribution, and credit operations

Provision and consulting of cloud services, etc. to support back office operations

Providing solutions for education

Providing customized training services that suit a variety of themes



SSA Co., Ltd. homepage: https://sas-com.com/

<Jasmy Co., Ltd.>

Jasmy Co., Ltd. is a company that develops and provides IoT platforms. When all things are connected to the internet, the "clothing, food, shelter, and movement" that are closely connected to people's lives will change dramatically. Jasmy's mission is to create and provide a platform that allows anyone to use things easily, safely, and with peace of mind. Nowadays, important data generated from our daily lives tends to be monopolized by a limited number of companies. One of the objectives of the Jasmy Platform is to restore data sovereignty to the original owner and allow individual data to be used safely and securely. For this reason, Jasmy will combine IoT with blockchain technology and create a platform that can be widely used across industries and industries based on unprecedented ideas.

Jasmy's team is comprised of members with diverse and rich experience in electronics, mechanics, communications, devices, system integrators, designers, etc., and we provide the optimal IoT platform for each customer around the world.



Jasmy Co., Ltd. homepage: https://www.jasmy.co.jp/



*Company names, product names, and service names listed are trademarks or registered trademarks of each company.

https://prtimes.jp/main/html/rd/p/000000064.000025296.html

Apple Vision Pro reportedly selling like crazy
Thursday, February 15, 2024 9:11 am
No Comments

Apple sold some 180,000 Apple Vision Pro spatial computers in pre-order sales and, according to analyst Ming-Chi Kuo in a new note to clients, the company stocked around 80,000 units for launch day and the numbers aren’t slowing down.

Ronil Thakkar for The Mac Observer:

Moreover, reports floating online suggest that Apple has sold nearly 200,000 Vision Pro units until now.

And now, with shipment dates stretching into March soon after pre-orders began and no inventory accessible in the Apple store, the Vision Pro is nearly sold out.

While we patiently wait for Apple to reveal the actual sales figure of the Vision Pro, if and when they actually do it, a prediction report from Statista suggests the company could ship around 350,000 units in the first year of the launch, reaching almost 1.5 million in year two.

MacDailyNews Take: It’s sounding more and more like a very strong early adopter / developer start for the first-generation Apple Vision Pro!

https://macdailynews.com/2024/02/15/apple-vision-pro-reportedly-selling-like-crazy/

Cisco Systems Stock Drops 5% Following Restructuring Plan, Berkshire Trims Apple Stake, and Latest News
February 15 2024 - 06:34AM
IH Market News

Berkshire Hathaway (NYSE:BRK.A) – Berkshire Hathaway reduced its stake in Apple (NASDAQ:AAPL), selling 10 million shares, while holding over 905 million. It also increased its position in Chevron (NYSE:CVX), reduced it in HP (NYSE:HPQ), and Paramount Global (NASDAQ:PARA). Ther company kept investors guessing on what could be a major new investment by Warren Buffett.

Nvidia (NASDAQ:NVDA), Alphabet (NASDAQ:GOOGL) – Nvidia briefly surpassed Alphabet on Wednesday to become the third most valuable U.S. company after Amazon. The high demand for AI chips boosted its market value to $1.825 trillion. Wall Street is eagerly awaiting the quarterly report next week. Nvidia shares are down 0.5% in Thursday’s pre-market.

Taiwan Semiconductor Manufacturing (NYSE:TSM) – TSMC saw its market capitalization jump by about $42 billion on Wednesday, driven by investor bets on chip demand. This increase led the company to surpass Visa Inc. (NYSE:V), becoming the 12th most valuable globally. Enthusiasm was fueled by increased sales in January and optimistic growth outlooks, especially in the wake of OpenAI‘s ChatGPT release. TSMC anticipates a recovery in smartphone and computing demand, while analysts point to the growing need for cutting-edge chips. The company recently discussed AI chip supply challenges with Nvidia. TSMC shares are up 1.1% in Thursday’s pre-market.

Nvidia (NASDAQ:NVDA) – Bridgewater Associates significantly increased its stake in Nvidia, raising it by 458% at the end of last year, while also expanding its exposure to other leading technology companies. The firm founded by Ray Dalio disclosed these changes in financial filings.

Alphabet (NASDAQ:GOOGL) – Google will offer an automated version of ChromeOS for Windows devices, potentially reducing PC discards after Windows 10 support ends. ChromeOS Flex will maintain security updates, allowing users to extend their devices’ lifespan.

Microsoft (NASDAQ:MSFT) – Microsoft stated that state hackers from Russia, China, and Iran are using OpenAI technology, backed by the company, to enhance their tactics. Microsoft revealed this usage, implementing a ban against these groups as concerns over AI abuses increase.

Meta Platforms (NASDAQ:META) – On Wednesday, Meta added Broadcom‘s CEO, Hock Tan, to its board of directors. Broadcom (NASDAQ:AVGO) is a key partner of Meta in its data center projects and chip development, crucial for fast data movement and processing for AI systems.

Nokia (NYSE:NOK) – Nokia launched “MX Workmate,” an AI tool for industrial workers, generating alerts about machine failures and suggesting production improvements. Using AI language models, it aims to help interpret complex data. Full implementation may take up to a year and a half, as testing and adjustments continue.

Sony Group (NYSE:SONY) and Honda Motor (NYSE:HMC) – A joint venture between Sony Group and Honda Motor will launch three electric vehicle models by the middle of this decade. An SUV will be released in 2027, followed by a compact in 2028 or later, after a sedan in 2025, aiming to compete with Tesla (NASDAQ:TSLA).

Pfizer (NYSE:PFE) – Pfizer agreed to pay $93 million to settle antitrust charges from drug distributors. The settlement, still subject to judge approval, comes after a decade of litigation over allegations of conspiracy with Ranbaxy.

GSK (NYSE:GSK) – GSK completed the acquisition of Aiolos Bio, a biotech company focused on respiratory and inflammatory diseases. The initial payment was $1 billion, with up to an additional $400 million in success milestones.

Catalent (NYSE:CTLT) – Catalent cut its workforce by about 300 employees as part of its ongoing restructuring, incurring expenses of approximately $12 million. The company, which beat revenue estimates, recently accepted a purchase offer from Novo Nordisk (NYSE:NVO).

Morgan Stanley (NYSE:MS) – Morgan Stanley plans to cut hundreds of jobs in its wealth management unit, representing less than 1% of the staff. This move reflects the ongoing cost reduction efforts amid economic uncertainty.

Barclays (NYSE:BCS) – Barclays is considering a bid for Societe Generale to expand its wealth management division. SocGen started an auction for its Kleinwort Hambros unit, valued at up to £700 million, as part of its strategic overhaul. In other news, Barclays’ vice-president, Nazia Lawrence, is suing the British bank for approximately 230,000 pounds, claiming racial, religious, and sexual discrimination. Legal documents reveal her disappointment with the unequal treatment compared to white colleagues.

KKR and Company (NYSE:KKR) – KKR & Co agreed to acquire a stake in Cotiviti from Veritas Capital. Financial details were not disclosed, but the deal will strengthen KKR’s healthcare portfolio.

Doordash (NYSE:DASH) – George Soros‘ investment fund acquired new stakes in low-cost U.S. airlines, including JetBlue (NASDAQ:JBLU), Spirit Airlines (NYSE:SAVE), and Sun Country Airlines (NASDAQ:SNCY), while increasing its bets on Doordash (NYSE:DASH). It also sold stakes in Arm Holdings (NASDAQ:ARM) and Broadcom (NASDAQ:AVGO).

Shell (NYSE:SHEL) – Shell may drop out of the bidding for an offshore wind farm in Norway due to profitability doubts. Challenging conditions and market uncertainty raise concerns. The company is considering alternatives like floating wind turbines.

BHP Group (NYSE:BHP) – BHP, the world’s largest miner, expects losses of $5.7 billion due to the Samarco dam breach in Brazil and the restructuring of its nickel business in Australia. Its upcoming half-year results should reflect profit stability, driven by high iron ore prices.

Lockheed Martin (NYSE:LMT) – Biden plans to request fewer F-35 fighters in the next federal budget, affecting Lockheed Martin. About 70 aircraft are expected to be ordered for 2025, down from the 83 forecasted. Lockheed recorded 98 deliveries in 2023, compared to 141 in 2022. Shares are stable in Thursday’s pre-market after falling 2.4% on Wednesday.

Kroger (NYSE:KR), Albertsons (NYSE:ACI) – Colorado’s attorney general filed a lawsuit to block Kroger‘s $25 billion acquisition of Albertsons, claiming consumer harm. Kroger plans to divest stores to calm antitrust concerns. This lawsuit is the second challenging the merger.

Hershey (NYSE:HSY) – Chocolate manufacturers Hershey and Cadbury are planning price increases to offset record cocoa costs, facing a consumer demand drop due to inflation. Prices are rising, prompting manufacturers to launch new products to stimulate demand.

Earnings

Cisco Systems (NASDAQ:CSCO) – The stock values of technology companies declined by 5.6% in Thursday’s pre-market following the release of quarterly results. Cisco reported earnings of $0.87 per share on $12.79 billion in revenue, against the consensus estimates from LSEG of $0.84 per share in revenue of $12.71 billion. The net profit dropped to $2.63 billion, or 65 cents per share, from $2.77 billion, or 67 cents per share, in the same quarter of the previous year, while revenue fell 6% year over year. Additionally, Cisco unveiled a restructuring plan that would result in the elimination of 5% of jobs.

Applovin (NASDAQ:APP) – The technology company’s shares increased by more than 17% in pre-market trading after presenting impressive results for the fourth quarter and providing promising projections for the future. Applovin recorded a profit of 49 cents per share on revenue of $953 million. Analysts surveyed by LSEG had forecasted a profit per share of 35 cents with revenue of $928 million.

Twilio (NYSE:TWLO) – The value of the customer engagement company’s shares decreased by 11.4% in pre-market trading. For the current quarter, Twilio announced revenue projections that fell short of the financial market’s expectations, predicting a range between $1.025 billion and $1.035 billion. Analysts surveyed by LSEG were expecting revenues of $1.049 billion. Additionally, the number of active customers also fell short of StreetAccount’s estimates, totaling 305,000 instead of the expected 311,000.

Fastly (NYSE:FSLY) – Shares of the cloud services company fell about 24.8% in pre-market trading due to indicators of a slowdown in sales growth. Fastly‘s revenue in the fourth quarter totaled $138 million, below Wall Street’s expectations of $140 million as reported by LSEG. Furthermore, the company forecasted a slowdown in revenue for the current quarter.

JFrog (NASDAQ:FROG) – The software company’s shares rose 21.3% in pre-market trading after its fourth-quarter report revealed better-than-anticipated results. JFrog recorded an adjusted earnings per share of 19 cents on revenue of $97 million. Analysts surveyed by LSEG had estimated earnings per share of 12 cents with revenue of $93 million.

Informatica (NYSE:INFA) – The business technology company released fourth-quarter results that exceeded expectations. Informatica announced an adjusted profit of 32 cents per share on revenue of $445 million. Analysts surveyed by LSEG had predicted earnings of 30 cents per share on revenue of $432 million.

Equinix (NASDAQ:EQIX) – Equinix projected adjusted core earnings for the fiscal year 2024 between $4.09 billion and $4.17 billion, surpassing the expectations of $4.05 billion. The estimated revenue for the first quarter is between $2.13 billion and $2.15 billion, compared to estimates of $2.14 billion.

NerdWallet (NASDAQ:NRDS) – NerdWallet reported a loss of 3 cents per share in the fourth quarter, while analysts had anticipated a positive profit of 10 cents per share, as indicated by LSEG.

Occidental Petroleum (NYSE:OXY) – Occidental Petroleum exceeded estimates for fourth-quarter earnings, presenting its best quarterly result in three years and reducing expenses. OXY projected a marginal increase in oil and gas production to 1.25 million barrels per day (boepd) this year. The adjusted profit was $0.74 per share, surpassing the estimates of $0.71 per share.

Albermarle (NYSE:ALB) – The lithium manufacturer’s stock value decreased by 3.4% following the release of the quarterly report. Albermarle‘s net sales fell 10% in the fourth quarter compared to the previous year, and the company recorded a net loss due to a pre-tax charge and a tax valuation charge in China.

Tripadvisor (NASDAQ:TRIP) – In the last quarter, Tripadvisor announced an adjusted profit of 38 cents per share and revenue of $390 million. Analysts surveyed by LSEG had predicted earnings of 22 cents per share and revenue of $374 million.

Stellantis (NYSE:STLA) – Stellantis warned of a challenging year ahead after a 10% drop in operating profit in the second half of 2023, attributed to strikes and pressures in the global automotive market. The results exceeded expectations, but the outlook for 2024 is vague. Stellantis‘ adjusted operating profit fell to 10.2 billion euros. The margin dropped to 11.2%. Adjusted operating profit in North America fell 16% to 5.271 billion euros, with a margin of 13%.

Ventas (NYSE:VTR) – Ventas reported a 4.1% increase in its fourth-quarter FFO, reaching 76 cents per share. For 2024, the company forecasts a normalized FFO between $3.07 and $3.18 per share, below analysts’ estimates of $3.21 per share.

Coinbase Global (NASDAQ:COIN) – Coinbase Global shares rose 4.8% in pre-market trading ahead of the cryptocurrency trading platform’s fourth-quarter earnings scheduled for after market close. Analysts expect Coinbase to report earnings of 2 cents per share on revenue of $826 million.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93288631/cisco-systems-stock-drops-5-following-restructuri

Mark Zuckerberg tries Apple Vision Pro, claims Meta Quest 3 is ‘the best product, period’
Wednesday, February 14, 2024 8:59 am
4 Comments

Meta CEO Mark Zuckerberg tried the Apple Vision Pro spatial computer yet still claims that his company’s Quest 3 AR/VR headset is “the best product, period.”

Tom Gerken for The Beeb:

The Vision Pro grabbed headlines as celebrities including Diplo and T-Pain wore it in public, with the “passthrough” feature allowing them to see their surroundings while using it.

But in a video shot using the Meta Quest 3’s own passthrough, Zuckerberg insisted his company’s headset is “the best product, period.”

“I think Quest is the better product, period,” he said… “It seems like there are a lot of people who just assumed that Vision Pro would be higher quality because it’s Apple and it costs $3,000 (£2,400) more. But honestly, I’m pretty surprised that Quest is so much better for the vast majority of things that people use these headsets for with that price differential.”

MacDailyNews Take: Dude sounds like a delusional Nokia or Research In Motion CEO circa 2007. Put down the pipe and your cheap toy’s plastic hand controllers, Marky.

See also:
• Gizmodo reviews Apple Vision Pro: ‘Beautiful and very impressive’ – February 13, 2024
• Engadget reviews Apple Vision Pro: ‘It’s magical, almost telepathic’ – February 9, 2024
• CNBC reviews Apple Vision Pro: ‘The future of computing and entertainment’ – January 30, 2024
• Tom’s Guide hands-on with Apple Vision Pro: ‘Feels like the future of computing’ – January 19, 2024
• Apple’s Vision Pro is provoking ‘audible gasps’ from developers – August 25, 2023
• Work on Apple Vision Pro began under Steve Jobs – August 23, 2023

And, now, we fire up iCal and reveal some of the many wonders it holds!

In a perfect world, the next quote you’d hear from the following buffoons would be, “You want fries with that?”

• “[iPhone] just doesn’t matter anymore. There are now alternatives to the iPhone, which has been introduced everywhere else in the world. It’s no longer a novelty.” – Eamon Hoey, Hoey and Associates, April 30, 2008

• “We are not at all worried. We think we’ve got the one mobile platform you’ll use for the rest of your life. [Apple] are not going to catch up.” – Scott Rockfeld, Microsoft Mobile Communications Group Product Manager, April 01, 2008

• “Microsoft, with Windows Mobile/ActiveSync, Nokia with Intellisync, and Motorola with Good Technology have all fared poorly in the enterprise. We have no reason to expect otherwise from Apple.” – Peter Misek, Canaccord Adams analyst, March 07, 2008

• “[Apple should sell 7.9 million iPhones in 2008]… Apple’s goal of selling 10 million iPhones this year is optimistic.” – Toni Sacconaghi, Bernstein Research analyst, February 22, 2008

• “What does the iPhone offer that other cell phones do not already offer, or will offer soon? The answer is not very much… Apple’s stated goal of selling 10 million iPhones by the end of 2008 seems ambitious.” – Laura Goldman, LSG Capital, May 21, 2007

• Motorola’s then-Chairman and then-CEO Ed Zander said his company was ready for competition from Apple’s iPhone, due out the following month. “How do you deal with that?” Zander was asked at the Software 2007 conference. Zander quickly retorted, “How do they deal with us?” – Ed Zander, May 10, 2007

• “The iPhone is going to be nothing more than a temporary novelty that will eventually wear off.” – Gundeep Hora, CoolTechZone Editor-in-Chief, April 02, 2007

• “Apple should pull the plug on the iPhone… What Apple risks here is its reputation as a hot company that can do no wrong. If it’s smart it will call the iPhone a ‘reference design’ and pass it to some suckers to build with someone else’s marketing budget. Then it can wash its hands of any marketplace failures… Otherwise I’d advise people to cover their eyes. You are not going to like what you’ll see.” – John C. Dvorak, Bloated Gas Bag, March 28, 2007

• “Even if [the iPhone] is opened up to third parties, it is difficult to see how the installed base of iPhones can reach the level where it becomes a truly attractive service platform for operator and developer investment.” – Tony Cripps, Ovum Service Manager for Mobile User Experience, March 14, 2007

• “I’m more convinced than ever that, after an initial frenzy of publicity and sales to early adopters, iPhone sales will be unspectacular… iPhone may well become Apple’s next Newton.” – David Haskin, Computerworld, February 26, 2007

• “There’s an old saying — stick to your knitting — and Apple is not a mobile phone manufacturer, that’s not their knitting… I think people overreacted to it — there was not a lot of tremendously new stuff if you think about it.” – Greg Winn, Telstra’s operations chief, February 15, 2007

• “Consumers are not used to paying another couple hundred bucks more just because Apple makes a cool product. Some fans will buy [iPhone], but for the rest of us it’s a hard pill to swallow just to have the coolest thing.” – Neil Strother, NPD Group analyst, January 22, 2007

• “I can’t believe the hype being given to iPhone… I just have to wonder who will want one of these things (other than the religious faithful)… So please mark this post and come back in two years to see the results of my prediction: I predict they will not sell anywhere near the 10M Jobs predicts for 2008.” – Richard Sprague, Microsoft Senior Marketing Director, January 18, 2007

• “The iPhone’s willful disregard of the global handset market will come back to haunt Apple.” – Tero Kuittinen, RealMoney.com, January 18, 2007

• “[Apple’s iPhone] is the most expensive phone in the world and it doesn’t appeal to business customers because it doesn’t have a keyboard which makes it not a very good email machine… So, I, I kinda look at that and I say, well, I like our strategy. I like it a lot.” – Steve Ballmer, Microsoft CEO, January 17, 2007

• “The iPhone is nothing more than a luxury bauble that will appeal to a few gadget freaks. In terms of its impact on the industry, the iPhone is less relevant… Apple is unlikely to make much of an impact on this market… Apple will sell a few to its fans, but the iPhone won’t make a long-term mark on the industry.” – Matthew Lynn, Bloomberg, January 15, 2007

• “iPhone which doesn’t look, I mean to me, I’m looking at this thing and I think it’s kind of trending against, you know, what’s really going, what people are really liking on, in these phones nowadays, which are those little keypads. I mean, the Blackjack from Samsung, the Blackberry, obviously, you know kind of pushes this thing, the Palm, all these… And I guess some of these stocks went down on the Apple announcement, thinking that Apple could do no wrong, but I think Apple can do wrong and I think this is it.” – John C. Dvorak, Bloated Gas Bag, January 13, 2007

• “I am pretty skeptical. I don’t think [iPhone] will meet the fantastic predictions I have been reading. For starters, while Apple basically established the market for portable music players, the phone market is already established, with a number of major brands. Can Apple remake the phone market in its image? Success is far from guaranteed.” – Jack Gold, founder and principal analyst at J. Gold Associates, January 11, 2007

• “Apple will launch a mobile phone in January, and it will become available during 2007. It will be a lovely bit of kit, a pleasure to behold, and its limited functionality will be easy to access and use. The Apple phone will be exclusive to one of the major networks in each territory and some customers will switch networks just to get it, but not as many as had been hoped. As customers start to realise that the competition offers better functionality at a lower price, by negotiating a better subsidy, sales will stagnate. After a year a new version will be launched, but it will lack the innovation of the first and quickly vanish. The only question remaining is if, when the iPod phone fails, it will take the iPod with it.” – Bill Ray, The Register, December 26, 2006

• “The economics of something like [an Apple iPhone] aren’t that compelling.” – Rod Bare, Morningstar analyst, December 08, 2006

• “Apple is slated to come out with a new phone… And it will largely fail…. Sales for the phone will skyrocket initially. However, things will calm down, and the Apple phone will take its place on the shelves with the random video cameras, cell phones, wireless routers and other would-be hits… When the iPod emerged in late 2001, it solved some major problems with MP3 players. Unfortunately for Apple, problems like that don’t exist in the handset business. Cell phones aren’t clunky, inadequate devices. Instead, they are pretty good. Really good.” – Michael Kanellos, CNET, December 07, 2006

• “We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in.” – Ed Colligan, Palm CEO, November 16, 2006

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https://macdailynews.com/2024/02/14/mark-zuckerberg-tries-apple-vision-pro-claims-meta-quest-3-is-the-best-product-period/

Crypto: Citi Tokenizes Blockchain Funds, Robinhood’s Crypto Revenue Surges by 10%,("This increase suggests a possible positive scenario for Coinbase, which will report quarterly results on Thursday") and Latest Updates
February 14 2024 - 12:17PM
IH Market News

Bitcoin recovery boosts crypto stocks in the US

A recent surge of Bitcoin (COIN:BTCUSD) above $51,000 has boosted the shares of crypto companies in the US, with Coinbase (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR) among the beneficiaries. The increase propelled BTC to a market capitalization of $1 trillion, aligning it with giants like Meta (NASDAQ:META) and Amazon (NASDAQ:AMZN). The appreciation was accompanied by a growth in the number of Bitcoin whales, reflecting a growing interest in the crypto sector and related investments. Additionally, the upcoming Bitcoin halving may occur on April 20, known as “weed day.” CoinGecko, based on Blockchair data, suggests that the event could be between April 20 and 21. If confirmed on this date, the halving, which will halve miners’ rewards, promises to generate a wave of memes in the community, continuing the tradition of crypto humor at key market moments.

Records and growth in Bitcoin ETFs

On February 13, 2024, BlackRock’s ETF (NASDAQ:IBIT) reached a milestone with an influx of $493 million, bringing its total to $4.6 billion and 105,000 BTC in holdings. Fidelity’s ETF (AMEX:FBTC) also grew, with inflows of $164 million, totaling $3.3 billion. Meanwhile, GBTC (AMEX:GBTC) saw outflows of $73 million, accumulating a total of $6.6 billion in outflows. The Bitcoin ETF market recorded net inflows of $3.8 billion, totaling about 236,982 BTC in holdings.

Significant depreciation of Bitcoin forks against BTC

Major Bitcoin forks, such as Bitcoin Cash (COIN:BCHUSD), Bitcoin SV (COIN:BSVUSD), and eCash (COIN:XECUSD), have faced significant declines in value since the 2021 peak, with losses of 48%, 42%, and 71% respectively against BTC. While Bitcoin has shown resilience, these forks have shown volatility and temporary recoveries, especially during BlackRock’s (NASDAQ:IBIT) entry into the Bitcoin ETF market. However, in the long term, institutional preference and interest in the original Bitcoin may be negatively impacting the performance of these forks.

Solana surpasses Binance Coin in market value

On Wednesday, Solana (COIN:SOLUSD) briefly surpassed Binance Coin (COIN:BNBUSD) as the fourth largest digital asset by market capitalization, reaching $50 billion. The growth is driven by Solana network’s resilience and an increase in DeFi activity, with TVL approaching $2 billion. Solana also recorded robust activity in its DEX, with $9 billion in trades this month.

Starknet announces strategic airdrop to 1.3 million wallets

Starknet Foundation has revealed details of the anticipated airdrop to 1.3 million wallets, encompassing a wide range of users, from dApps pioneers to network contributors. The STRK token, introduced to strengthen decentralization and governance, will be distributed on February 20, with recipients having until June 20 to claim. This key event will distribute 7% of the total 10 billion STRK tokens, marking a significant moment in Starknet’s development.

Security breach at PlayDapp results in PLA token loss

PlayDapp (COIN:PLAUSD), a cryptocurrency-based gaming platform, faced severe security breaches, with PLA token losses estimated at $290 million. Elliptic reported that an unauthorized wallet created 200 million PLA tokens, compromising the private key. PlayDapp offered a $1 million reward for the return of the funds, but there was a new minting of 1.59 billion tokens. Elliptic is working to recover the funds, while the value of PLA has significantly declined.

Citi innovates with fund tokenization on blockchain

Citi (NYSE:C) collaborated with WisdomTree and Wellington Management to test the tokenization of private equity funds on Avalanche’s Spruce subnetwork, aiming to innovate capital markets. This project on the Evergreen subnetwork, geared towards financial institutions, included token transfers and asset validation via secured loans. The initiative reflects Wall Street’s growing interest in blockchain, promising more efficiency and compliance for the sector.

Innovative partnership between Hedera and Mondelez for DLT

Hedera Hashgraph (COIN:HBARUSD) has partnered with Mondelez International (NASDAQ:MDLZ), a giant in the food industry, to develop distributed ledger technology (DLT) solutions focused on digital transformation and supply chain management. As a new member of the Hedera Council, Mondelez aims to boost operational efficiency using Hedera’s unique hashgraph technology, promising fast and secure transactions, benefiting renowned brands like Oreo and Cadbury.

Advancement in Ethereum staking with Taurus-Lido partnership

The partnership between Taurus, a Swiss cryptocurrency custody, and Lido (COIN:LDOUSD), a pioneer in Ethereum staking, brings banks closer to offering Ethereum token staking yields to customers. Initially available to Swiss banks regulated by FINMA, Lido’s liquid staking service allows Ether locking and issuance of tradable stETH tokens (COIN:STETHUSD). This collaboration aims to connect traditional finance and digital assets, expanding staking services to financial institutions.

ENS Labs evaluates $300,000 settlement offer in domain dispute

ENS Labs, the organization responsible for Ethereum Name Service (ENS) development and maintenance, is considering a $300,000 proposal from Manifold Finance to settle the dispute over the eth.link domain, vital for the Ethereum community. The offer, which includes confidentiality and non-depreciation clauses, comes after an unexpected auction of the domain in 2022. Facing legal costs of $750,000, ENS Labs seeks guidance from its DAO on accepting the offer, negotiating, continuing litigation, or closing the case, weighing the domain’s future and the costs involved.

CoinShares achieves $42 million profit in 4Q 23

CoinShares (TG:3TW), a European leader in crypto investment, reported a profit of $42 million in the last quarter of 2023, marking a recovery after a challenging year. The company attributed success to asset tokenization and service expansion, including the acquisition of Valkyrie in the US, supported by the recent SEC approval for Bitcoin ETFs. With $5.87 billion under management, CoinShares consolidates its European leadership and aims for American expansion.

Revenue growth in crypto boosts Robinhood

Robinhood (NASDAQ:HOOD), a widely used trading platform, reported a 10% increase in crypto revenue in the last quarter, reaching $43 million. Cryptocurrency trading volume on the platform grew by 89%, driven by expectations of Bitcoin ETF approval in the US. This increase suggests a possible positive scenario for Coinbase, which will report quarterly results on Thursday. With total revenue of $471 million and earnings per share of $0.03, Robinhood exceeded expectations. The company also plans to expand its market share in crypto and advance into international markets, already starting operations in the European Union.

New pro-crypto leadership in Indonesia with Prabowo and Gibran

Prabowo Subianto and Gibran Rakabuming Raka, crypto-friendly, have been elected president and vice president of Indonesia, respectively. With nearly 60% of the votes, they promise to maintain the country’s pro-crypto policies. The previous administration had already explored crypto’s potential for the economy, with Indonesia recording more cryptocurrency investors than stock investors. The new leadership plans to strengthen fiscal oversight and foster talent in blockchain and cryptocurrencies.

Japanese FSA strengthens security in crypto exchanges

The Financial Services Agency of Japan (FSA) has suggested new guidelines to increase user security on cryptocurrency platforms, recommending that banks suspend transfers with divergent sender and account holder names and intensify monitoring of suspicious transactions. These measures aim to combat fraud in crypto exchange services, following Japan’s trend of maintaining rigorous regulations in the cryptocurrency sector.

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93278972/crypto-citi-tokenizes-blockchain-funds-robinhood

Saving >$74 billion, as a start: How Crypto makes everyday finance fairer, cheaper, and easier

Tl;dr: Our current financial system costs regular Americans too much, takes too long, and is too hard to access. According to Coinbase’s latest State of Crypto Report, frustration over fees alone is the top reason for discontent with the system. In 2022, consumers could have saved at least $74 billion in credit card transaction fees by using blockchain technology instead, amounting to an average of $600 per household. At least three in five Americans want updates to the system that make it cheaper, faster, and more accessible, and the top reasons why they see potential in crypto are its ease of use, affordability, and fully digital lack of middlemen.

By Coinbase Company, February 7, 2024, 4min read time

https://www.coinbase.com/blog/saving-greater-than-usd74-billion-as-a-start-how-crypto-makes-everyday

Bitcoin Surges Past $45K, Coinbase Spotlights $74 Billion Blockchain Savings, and Latest Crypto News
February 08 2024 - 01:26PM
IH Market News

Bitcoin surpasses $45,000 on Thursday

In the last 24 hours, Bitcoin (COIN:BTCUSD) has crossed the $45,000 mark, coinciding with the historical peak of US stock market indices. Fernando Pereira, an analyst at Bitget, shared his view on Bitcoin’s immediate future, highlighting two potential paths: “I see 2 possibilities for the short term in BTC. Failing at $45,000 and falling again or breaking through that region, going back to $49,000 and failing there.” Additionally, Pereira expressed skepticism about a sharp increase beyond these points in the short term: “I don’t see fuel to rise much more than that in the coming weeks, the supply is growing too much.“

Ethereum announces Dencun update for March with transaction advancements

Ethereum’s (COIN:ETHUSD) Dencun update is scheduled for March 13, bringing “proto-danksharding” functionality to improve efficiency in secondary layer transactions. This advancement, flawlessly tested on the Holesky network, is expected to reduce costs and facilitate data storage, marking the biggest blockchain evolution since April 2023. Final confirmation depends on developers and will be formalized on GitHub, with implementation occurring in blockchain slot 8626176. Additionally, Ethereum staking has grown, with 25% of its supply now staked. Lido’s (COIN:LDOUSD) leadership in the market and the $73 billion valuation of staked ETH highlight the network’s growing robustness and security.

Ark Invest and 21Shares amend Ethereum ETF filing for cash redemptions

Ark Invest and 21Shares have updated their Ethereum ETF filing, specifying that only cash transactions will be allowed for creations and redemptions of shares, excluding operations with ETH. The change aligns with Bitcoin spot ETF practices. Additionally, the filing suggests the possibility of Ethereum staking, although with uncertainties about its final approval by the SEC. The decision on spot Ethereum ETFs is expected in May.

BlackRock and Fidelity ETFs’ liquidity advantage over Grayscale

According to JPMorgan (NYSE:JPM), BlackRock’s (NASDAQ:IBIT) and Fidelity’s (AMEX:FBTC) Bitcoin spot ETFs already show superiority over the Grayscale Bitcoin Trust (AMEX:GBTC) in terms of market liquidity. Despite Grayscale’s fee reduction to 1.5%, its offerings are still more expensive than competitors. Metrics such as market breadth and deviation from net asset value suggest better liquidity for BlackRock and Fidelity ETFs, challenging GBTC’s leadership. On February 7, Fidelity’s FBTC led with inflows of $130 million, bringing total inflows to $2.7 billion. BlackRock’s IBIT had a modest net inflow of $56 million, bringing its total net inflows to $3.3 billion. Grayscale’s GBTC faced outflows, despite the overall positive market balance of $1.7 billion. Bitcoin ETFs experienced a net inflow for the ninth consecutive day.

Deribit expands portfolio with options for SOL, XRP, and MATIC

Deribit, a leading cryptocurrency derivatives platform, is expanding its offerings by including linear options for Solana (COIN:SOLUSD), XRP (COIN:XRPUSD), and Polygon (COIN:MATICUSD), in response to customer demand. The introduction of options in USDC marks a significant advancement for the platform, which already has a significant share in Bitcoin (COIN:BTCUSD) and Ethereum (COIN:ETHUSD) contracts. Increased activity on Deribit highlights growing interest from both institutional and retail investors.

Monero rebounds after Binance delisting announcement

After a sharp decline due to the Binance delisting announcement, Monero (COIN:XMRUSD) saw a partial recovery in its value on February 7. The price, which had dropped to $100, rose to $130, marking a 27% increase from the lowest point. At the time of writing, the token showed a -5.1% retracement in the last 24 hours, trading at $124.19. Delisting is scheduled for February 20, but Binance will allow XMR withdrawals and conversions until May, which may gradually influence its market price.

Wormhole launches native token ‘W’ with focus on decentralized governance

Cross-chain protocol Wormhole has announced the launch of its native token ‘W’, with an initial supply of 1.8 billion out of a maximum of 10 billion. Intended for various groups, 82% of the tokens will be locked and gradually released over four years. The launch aims to advance the decentralization of the protocol’s governance, allowing the community to influence important decisions.

ADGM and Solana Foundation partner to advance Blockchain

The Abu Dhabi Global Market (ADGM) has joined forces with the Solana Foundation, aiming to foster the adoption of blockchain technologies and drive innovation in the sector. This agreement, based on ADGM’s recent DLT regulations, reinforces the commitment of the United Arab Emirates to being a global leader in blockchain innovations and financial technology services.

Coinbase report highlights $74 billion blockchain economy

Coinbase’s (NASDAQ:COIN) “State of Crypto Report” reveals that adopting blockchain technology could have saved American consumers about $74 billion in credit card fees in 2022. Dissatisfaction with high fees and the slowness of the current financial system motivates a desire for reforms, with many Americans seeking faster, cheaper, and more accessible transactions. The study underscores blockchain’s potential to transform the financial system, significantly reducing costs for consumers and merchants.

Frax Finance launches Fraxtal Layer 2 network with select partners

Frax Finance, known for its innovative partially algorithmic stablecoin Frax (COIN:FRAXUSD), expands its DeFi ecosystem with the launch of Fraxtal, an Ethereum Layer 2 network. Initially, Fraxtal is available for selected partner applications and was developed using OP Stack, aiming to integrate with the Optimism Superchain (COIN:OPUSD) ecosystem. This network promises significant expansion, offering a robust platform for financial dapps with general access expected soon.

Bakkt warns of financial risks amid expansion

Bakkt, a digital asset giant, has notified the SEC of its concern about the possibility of running out of financial resources due to crypto sector dynamics. Despite high-profile partnerships and international expansion, the company faces uncertainties in new markets and a challenging environment, leading it to reconsider strategies and seek additional funding to sustain its future operations.

Flood raises $5.2 million to advance Ethereum DEX aggregation

Flood, an Ethereum-focused DEX aggregator, has raised $5.2 million in a round led by Bain Capital Crypto and Archetype. The startup, which already operates on Arbitrum One and aims to expand to other networks, stands out for its optimal routing that ensures the best prices in trades. With plans for hiring and expansion, Flood introduces innovations such as gasless trading and a model that avoids maximum extractable value, reinforcing efficiency and security for users.

Legal turnaround in Montenegro suspends Do Kwon’s extradition

The Appeals Court of Montenegro has canceled the extradition of Terraform Labs co-founder Do Kwon to South Korea or the US, acknowledging defense arguments pointing to procedural flaws in the previous decision. The court indicated the need for clarifications in the extradition requests, leading the case back to the initial instance for a new evaluation.

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93238287/bitcoin-surges-past-45k-coinbase-spotlights-74

Gene Munster: Apple Vision Pro sales will be similar to iPad within the next decade
Thursday, February 8, 2024 5:56 pm
No Comments

After spending 48 hours with the Apple Vision Pro, Gene Munster has compiled a list of “trade-offs” facing the new spatial computer and spatial computing platform: price, weight, battery pack, prescription lenses, vision issues, and the cumbersomeness of guest mode which inhibits easy sharing /demoing to friends and family (in contrast to how easy it was to show off the first iPhones to neophytes).

Gene Munster for Deepwater Asset Management:

On day one, the iPhone was immediately useful and it was immediately obvious to me why I would buy one. I wanted desktop class internet in my pocket. I bought an iPhone on day one and have used one every day since.

The iPad has been different. It wasn’t immediately obvious to me how I would use an iPad instead of my Mac or my iPhone. I bought one and I use it from time to time, but I don’t use it daily. Given the lower utility, I upgrade my iPad less frequently.

On the spectrum of revolutionary Apple products over the past 25 years, Vision Pro lands somewhere the middle.

The iPhone (and other post-iPhone smartphones) is one of the highest utility tools humankind has ever created. It stands to reason that Apple, the creator of the category, is one of the largest companies in the world, and iPhone is its largest business (roughly 50% of revenue).

Based on a very limited scope of heavy usage and testing, I believe the Vision product segment will be bigger than Apple Watch (5% of Apple revenue) and smaller than iPhone (50%), similar to iPad (10%), within the next decade.

MacDailyNews Take: The Apple Vision Pro is currently limited because so much of its content was designed for 2D. It’s filled with flat iPad apps running in an OS, visionOS, that offers so many more possibilities. With the passage of time and as developers learn to think and design in 3D — as sculptors, not the poster makers they are today — the Vision Pro will achieve its full promise. That is when it will surpass iPad in revenue and, eventually, unit sales.

https://macdailynews.com/2024/02/08/gene-munster-apple-vision-pro-sales-will-be-similar-to-ipad-within-the-next-decade/#google_vignette
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Apple acquired 32 AI startups in 2023, the most among major tech companies
Thursday, February 8, 2024 12:36 pm
No Comments

According to a Statista report summarized by Stocklytics, Apple purchased 32 AI startup companies in 2023, a new record for the company as well as more than any other major tech company.

Edith Muthoni for Stocklytics:

According to Stocklytics.com, Apple purchased up to 32 AI startups by 2023, the highest number among tech giants.

In the overall AI startup acquisition, Google trails Apple with 21, Meta with 18, and Microsoft lags with 17.

Stocklytics financial analyst Edith Reads commented on the data:

In the ongoing AI arms race, Apple is making sizeable deals with many AI startups, putting it in a good spot for future tech developments even as its competitors, Microsoft and Google, make considerable investments in already established AI companies. By acquiring promising AI startups, Apple gains access to top-tier talent and innovative technologies and consolidates its foothold in crucial AI domains, ensuring a competitive edge in the rapidly evolving tech landscape.

MacDailyNews Take: As we wrote last month when Microsoft passed Apple in market value, “Apple is clearly behind in AI, especially generative AI, and is currently scrambling to catch up.”

https://macdailynews.com/2024/02/08/apple-acquired-32-ai-startups-in-2023-the-most-among-major-tech-companies/

Apple Beats Q1 Revenue and Earnings Estimates Amid China Sales Drop, Shares Dip 3% in Early Trading
February 02 2024 - 08:47AM
IH Market News

The technology behemoth Apple (NASDAQ:AAPL) unveiled its quarterly outcomes following the market closure on Thursday, surpassing revenue and earnings expectations for the first quarter, yet facing a significant downturn in sales within China, one of the firm’s crucial markets. Apple’s shares are witnessing a 3% decrease in Friday morning’s trading activities.

* Earnings per share (EPS): $2.18 vs. estimated $2.10

* Revenue: $119.58 billion vs. estimated $117.91 billion

* iPhone revenue: $69.70 billion vs. estimated $67.82 billion

* Mac revenue: $7.78 billion vs. estimated $7.73 billion

* iPad revenue: $7.02 billion vs. estimated $7.33 billion

* Revenue from other products: $11.95 billion vs. estimated $11.56 billion

* Services revenue: $23.12 billion vs. estimated $23.35 billion

* Gross margin: 45.9% vs. estimated 45.3%

Although Apple exceeded expectations in most aspects, a 13% decline in sales in China was a point of concern. This market faced increasing competition from local companies, such as Huawei, and the decline was partly attributed to the strength of the dollar against the RMB (Chinese yuan).

Tim Cook, Apple’s CEO, highlighted that this December quarter had one less week compared to the previous fiscal year’s first quarter due to Apple’s corporate calendar. He also pointed to the steady growth of the company’s services business, which saw an 11% increase during the quarter, reaching $23.11 billion in revenue. Apple reported having 2.2 billion active devices in use, marking an increase from the previous year, which is seen as a positive indicator for the continued growth of the company’s services.

iPhone sales, boosted by the launch of the iPhone 15, grew nearly 6% to $69.70 billion but slightly fell short of revised expectations. Mac sales saw a less than 1% increase, recovering from a tough previous quarter. However, iPad sales continued their decline, dropping 25% during the quarter due to the absence of a new model launched in 2023.

Apple’s wearables business, which includes popular items like AirPods and Apple Watch, also faced challenges, recording an 11% year-on-year sales decline, amounting to $11.95 billion in revenue. This decline was attributed to a patent dispute with the medical device company Masimo, which led to a temporary removal of Apple Watches from Apple stores in December.

Overall, Apple remains a significant force in the technology market, reporting a net profit of $33.92 billion for the quarter, a 13% increase from the same period last year. The company also announced that it spent nearly $27 billion on dividends and share buybacks during the quarter. While facing challenges in certain markets, Apple maintains its solid stance and is gearing up to continue innovating and expanding its services in the upcoming quarters.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93196206/apple-beats-q1-revenue-and-earnings-estimates-amid

According to this article, the available supply of SHIB is much less; 581.29 T, not 589.53 T...i know, still a long way to go!

Shiba Inu Burn Rate Surges Over 1,400%, As Price Recovers
January 30 2024 - 08:30AM
NEWSBTC

"Currently, the overall supply in circulation is about 581.29 trillion SHIB"

Shiba Inu, an Ethereum-based meme coin, is presently in the limelight as its burn initiative has witnessed a significant surge in its token burn rate in the past day, suggesting increased engagement from the community. Shiba Inu Daily Burn Rate Skyrockets Data from Shibburn reveals that the last 24 hours have seen a notable spike in the Shiba Inu burn rate. The tracker reported that the burn rate has recorded a massive 1,411% increase today, January 30. According to the platform, over 61 million SHIB tokens have been incinerated in the last 24 hours. The increase in burn rate coincides with a recent rally in the price of Shiba Inu. Related Reading: Shiba Inu Burn Rate Skyrockets Over 300% As Price Sheds A Zero Shibburn shows that the present rise in burn rate was caused by two large burn transactions. It was discovered that the two transactions destroyed a total of 48.9 million SHIB in less than one hour. The first transaction orchestrated by the wallet address 0x85a860003705c56…7eb2f4bcc7 witnessed about 21 million SHIB being destroyed. Meanwhile, the second transaction carried out by another wallet address 0x85a860003705c56…7eb2f4bcc7 saw over 27 million SHIB tokens being burned. The Shiba Inu burn rate might have been up in the past day, but in the past week, the rate appears to have been down. From the hourly SHIB burn update on X (formerly Twitter), the rate is down by over 48% in the past week. Furthermore, the report noted that over 113.42 million Shiba Inu tokens have been destroyed in the past seven days. Even though tokens have been burned virtually every day for more than a year now, the burn rate has not made a crater in the supply that is in circulation. So far, Shiba Inu has burned over 410.70 trillion SHIB since the initiative was introduced. Currently, the overall supply in circulation is about 581.29 trillion SHIB. This indicates more work to be done by the SHIB community before the incineration has a weighty effect. SHIB Prices Recovers Amid Burn Rate Rise Shiba Inu price, as of today, appears to have recovered from a lengthy bearish trend it has been struggling with. However, there is no solid proof that the rise in burn rate had any impact on the crypto asset’s recent rally. Related Reading: Shiba Inu Price Enters Most Crucial Week In 1.5 Years, Here’s Why As of the time of writing, the price of Shiba Inu was sitting at $0.000009254, indicating a 2.24% rise in the past 24 hours. CoinMarketCap reveals that its market cap and trading volume are up by 2.19% and 45.16% in the past day. Furthermore, the digital asset is now ranked 17th overall in terms of market cap due to its recent price recovery. With the recovery, SHIB has attracted attention from investors and sparked fresh sentiments over possible long-term growth. Featured image from iStock, chart by Tradingview.com

https://ih.advfn.com/stock-market/COIN/SHIBUSD/crypto-news/93164782/shiba-inu-burn-rate-surges-over-1-400-as-price-r

Coinbase Announces Date of Fourth Quarter and Full Year 2023 Financial Results
January 24 2024 - 04:14PM
Business Wire

Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today that it will publish its fourth quarter and full year 2023 shareholder letter, including financial results, on its Investor Relations website at investor.coinbase.com on Thursday, February 15, 2024, after market close. The Company will hold a question and answer session to discuss its financial results at 2:30 p.m. PT that same day.

Starting on February 8 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.

To register for the webcast, please use this link. A live webcast of the call will be available on the Investor Relations website at investor.coinbase.com. Following the call, a replay of the call, as well as a transcript, will be available on the same website.

Disclosure Information

Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our X feed (@coinbase), our Facebook page, our LinkedIn page, our YouTube channel, and Brian Armstrong’s X feed (@brian_armstrong) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD.

About Coinbase

Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including for trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. Together with the crypto community, we also advocate for responsible rules to make the benefits of crypto available around the world.



View source version on businesswire.com: https://www.businesswire.com/news/home/20240124195222/en/

Press:
press@coinbase.com

Investor Relations:
investor@coinbase.com

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93130045/coinbase-announces-date-of-fourth-quarter-and-full

Apple’s iOS 18 looks like the ‘biggest’ iOS update ever
Monday, January 29, 2024 9:30 am
No Comments

In a new report over the weekend, Bloomberg News‘ Mark Gurman says Apple sees iOS 18 as “one of the biggest iOS updates — if not the biggest — in the company’s history.”

Chance Miller for 9to5Mac:

In addition to the major new AI features, Gurman says “there’s a lot more” coming to the iPhone with iOS 18. “Apple’s head of software engineering, Craig Federighi, told employees last year that the OS — codenamed Crystal — will have ambitious changes all around,” Gurman reports.

“I’m told that the new operating system is seen within the company as one of the biggest iOS updates — if not the biggest — in the company’s history. With that knowledge, Apple’s developers conference in June should be pretty exciting.”

Gurman has previously reported that Apple is planning a number of new AI integrations throughout iOS 18… Still, it seems clear that Apple has a lot planned beyond its array of new AI features.

MacDailyNews Take: For the biggest iPhone ever, too!

Related

Report: Largest simultaneous launch of new Macs in Apple’s history coming June 11th during WWDC keynote
Monday, June 4, 2012
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One of Apple’s biggest product launch events ever happens at WWDC this June
Monday, April 17, 2023
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iOS 6 to feature system-wide Facebook integration, including ‘Liking’ App Store apps
Monday, June 4, 2012
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https://macdailynews.com/2024/01/29/apples-ios-18-looks-like-the-biggest-ios-update-ever/#google_vignette

8 new apps from Apple’s next-gen CarPlay discovered in iOS 17.4 beta
Friday, January 26, 2024 5:03 pm

The first beta of iOS 17.4 released today references eight new CarPlay apps, which were discovered by MacRumors contributors Aaron Perris and Steve Moser.

:• Auto Settings: This app will let you manage paired iPhones and adjust vehicle settings.

• Car Camera: This app will display the vehicle’s rear-view camera feed.

• Charge: For electric vehicles, this app will display battery level, charging status, time remaining until the battery is fully charged, and more.

• Climate: This app will provide access to a vehicle’s climate controls within CarPlay, allowing you to adjust the temperature of the A/C or heating system, fan speed, heated seats, heated steering wheel, and more.

• Closures: This app will display if any of the vehicle’s doors are opened, and it might also display vehicle warning symbols.

• Media: This app will provide access to FM and AM radio station controls within CarPlay, along with other media options like SiriusXM. It is unclear if SiriusXM will offer satellite connectivity, or remain limited to internet streaming. Users will be able to select from a list of music genres, such as Top 40 and Rock.

• Tire Pressure: This app will display air pressure for each of the vehicle’s tires, and provide low pressure, high pressure, and flat tire warnings.

• Trips: This app will provide a variety of driving-related data, including the vehicle’s average speed, fuel efficiency or energy efficiency, the total time elapsed and distance traveled on a trip, and more.

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MacDailyNews Take:

https://macdailynews.com/2024/01/26/8-new-apps-from-apples-next-gen-carplay-discovered-in-ios-17-4-beta/

Bringing the future of money to Africa with Yellow Card

Tl;dr: Coinbase is expanding access to our products in Africa, starting with 20 countries across the continent. Our new partnership with leading African stablecoin exchange Yellow Card will help usher in the future of money by giving millions of users access to USDC and fast, reliable, cheaper transactions on our decentralized, open L2 Base through both Coinbase and Yellow Card products.

By Mark Troianovski , Sid Coelho-Prabhu International, January 11, 2024

The future of money is here, including in parts of the world with particular needs for faster, cheaper, more accessible ways to transfer value. Coinbase is expanding access to our products in emerging economies, starting with 20 countries across Africa. Through our new partnership with Yellow Card, one of Africa’s leading stablecoin exchanges and a Coinbase Ventures portfolio company, millions of users will gain access to USDC on Base with fast, reliable transactions at fees of less than half the cost of fiat transfers. Specifically:

https://www.coinbase.com/blog/bringing-the-future-of-money-to-africa-with-yellow-card

Apple previews new entertainment experiences launching with Apple Vision Pro
January 16 2024 - 09:00AM
Business Wire

Users can turn any space into a personal theater, enjoy more than 150 3D movies, and experience the future of entertainment with Apple Immersive Video

Apple® today announced a series of groundbreaking entertainment experiences that will be available on Apple Vision Pro™ beginning Friday, February 2. With more pixels than a 4K TV for each eye, combined with an advanced Spatial Audio system, Vision Pro enables users to watch new shows and films from top streaming services including Apple Originals from Apple TV+®, transport themselves to stunning landscapes with Environments, and enjoy all-new spatial experiences that were never possible before, like Encounter Dinosaurs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240116444879/en/

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93051475/apple-previews-new-entertainment-experiences-launc

Apple wins as patent tribunal decision upheld, Masimo loses appeal
Friday, January 12, 2024 1:16 pm

Apple’s victories at an administrative tribunal that voided two patents Masimo Corp. alleged the Apple Watch infringes will stand, a U.S. federal appeals court ruled this week.

Maura O’Malley for The Global Legal Post:

Apple had argued successfully in its inter parties review petition at the Patent Trial and Appeal Board’s (PTAB) that the claims were unpatentable because, among other things, it would have been obvious over the prior art.

The opinion by the Court of Appeals for the Federal Circuit on 10 January, affirms this, with circuit judges Lourie, Prost and Reyna finding Masimo’s arguments to the contrary “unpersuasive” and two claims in Masimo’s patent relating to blood oxygen measurement unpatentable for obviousness.

The patent covers pulse oximeter technology that measures oxygen in the blood used in some models of Apple watches.

Apple is facing an import ban on certain models of Apple Watches after the International Trade Commission found in October that it had violated U.S. laws by incorporating Masimo’s patented light-based pulse oximetry technology in its products.

Apple is appealing the ruling, and as of 27 December, the ban had been temporarily paused allowing sales of watches to resume in Apple stores and on its website in the US.

MacDailyNews Take: Have a nice day, Masimo.

Related

U.S. ITC issues potential Apple Watch import ban in Masimo patent fight
Thursday, October 26, 2023
In "News"

Apple wins appeal to pause U.S. ITC’s Apple Watch import ban
Wednesday, December 27, 2023
In "News"

Analyst: Apple ‘iWatch’ to use optoelectronics to monitor heart rate, blood oxygen levels
Friday, February 14, 2014
In "News"

https://macdailynews.com/2024/01/12/apple-wins-as-patent-tribunal-decision-upheld-masimo-loses-appeal/#google_vignette

Hut 8 Announces US$65 Million Amended and Restated Credit Facility with Coinbase
January 12 2024 - 06:30AM

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93029130/hut-8-announces-us-65-million-amended-and-restated

Apple iPhone intact and working just fine after 16,000-foot fall from Alaska Air flight
Monday, January 8, 2024 11:23 am
1 Comment

An Apple iPhone has been recovered intact and working just fine after 16,000-foot fall from an Alaska Air flight in which it was sucked out of a Boeing 737 Max that suffered a fuselage panel failure.

Seanathan Bates (@SeanSafyre) via X:

Found an iPhone on the side of the road… Still in airplane mode with half a battery and open to a baggage claim for #AlaskaAirlines ASA1282 Survived a 16,000 foot drop perfectly in tact!

When I called it in, Zoe at @NTSB said it was the SECOND phone to be found. No door yet😅

Kate Duffy for Bloomberg News:

Among the harrowing details of the blown-off fuselage panel that triggered a sudden decompression event on Alaska Airlines Flight 1282, one revelation seemed to defy the laws of physics: one of the mobile phones that had been sucked out of the Boeing Co. 737 Max 9 jet’s cabin remained in functioning condition after a 16,000-foot tumble.

A new-generation Apple Inc. iPhone landed intact, unlocked and with hours of battery life remaining on a Portland, Oregon roadside, according to a post on X by a user calling himself Seanathan Bates, who said he discovered the device. The screen showed an email from Alaska Airlines about a baggage claim for the flight, based on Bates’ photos.

The phone was in airplane mode, Bates said in a TikTok video. “It was still pretty clean, no scratches on it, sitting under a bush and it didn’t have a screenlock on it,” he said.

The National Transportation Safety Board confirmed at a briefing on Sunday that one phone was found on the side of a road and another in a yard. The people have handed in both of the devices, NTSB Chair Jennifer Homendy told reporters.

MacDailyNews Take: This isn’t the first time an Apple iPhone has survived a fall from great height:

• iPhone plummets 11,000 feet from an airplane, still works – August 23, 2021
• Woman drops her iPhone 2,500 feet out of a plane – it still works! – August 8, 2016
• Texas man finds his iPhone that fell 9,300 feet from plane – it still works! – July 31, 2015
• iPhone 4 plunges 1,000 feet from airplane – still works perfectly – March 23, 2011

https://macdailynews.com/2024/01/08/apple-iphone-intact-and-working-just-fine-after-16000-foot-fall-from-alaska-air-flight/

Apple Vision Pro available in the U.S. on February 2
January 08 2024 - 09:00AM
Business Wire

The era of spatial computing is here — pre-orders begin Friday, January 19

Apple® today announced Apple Vision Pro™ will be available beginning Friday, February 2, at all U.S. Apple Store® locations and the U.S. Apple Store online. Vision Pro is a revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment. Vision Pro seamlessly blends digital content with the physical world and unlocks powerful spatial experiences in visionOS™, controlled by the most natural and intuitive inputs possible — a user’s eyes, hands, and voice. An all-new App Store® provides users with access to more than 1 million compatible apps across iOS and iPadOS, as well as new experiences that take advantage of the unique capabilities of Vision Pro. Pre-orders for Apple Vision Pro begin Friday, January 19, at 5 a.m. PST.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240108013917/en/

“The era of spatial computing has arrived,” said Tim Cook, Apple’s CEO. “Apple Vision Pro is the most advanced consumer electronics device ever created. Its revolutionary and magical user interface will redefine how we connect, create, and explore.”

A Revolutionary Operating System and User Interface

Apple Vision Pro is powered by visionOS, which is built on the foundation of decades of engineering innovation in macOS®, iOS, and iPadOS®. visionOS delivers powerful spatial experiences, unlocking new opportunities at work and at home. Featuring a brand-new three-dimensional user interface and input system controlled entirely by a user’s eyes, hands, and voice, navigation feels magical. Intuitive gestures allow users to interact with apps by simply looking at them, tapping their fingers to select, flicking their wrist to scroll, or using a virtual keyboard or dictation to type. With Siri®, users can quickly open or close apps, play media, and more.

Users can also immerse themselves in Environments — dynamic, beautiful landscapes like Haleakala, Joshua Tree, and Yosemite national parks, and even the surface of the moon — to help them focus or reduce clutter in busy spaces. With Environments, a user’s world can grow beyond the dimensions of a physical room. With a twist of the Digital Crown®, users can control how present or immersed they are in an environment.

Extraordinary Experiences

Apple Vision Pro brings a new dimension to powerful, personal computing by changing the way users interact with their apps. The three-dimensional interface frees apps from the boundaries of a display so they can appear side by side at any scale, providing the ultimate workspace and creating an infinite canvas for multitasking and collaborating.

Since visionOS leverages existing developer frameworks, more than 1 million familiar apps across iOS and iPadOS are available on Apple Vision Pro and automatically work with the new input system. Vision Pro also has an all-new App Store where users can find apps that deliver spatial computing experiences unlike any other platform. Apps can be arranged anywhere and scaled to the perfect size, all while allowing the user to stay present in their space.

An infinite canvas for productivity: With key productivity and collaboration apps like Fantastical, Freeform™, JigSpace, apps from Microsoft 365, and Slack, Apple Vision Pro is an ideal productivity tool for everyday tasks. Apps can appear side by side at any scale for incredible multitasking, and with support for Magic Keyboard® and Magic Trackpad®, users can create the perfect workspace. With Mac® Virtual Display, users can even bring the powerful capabilities of their Mac into Vision Pro, creating an enormous, private, and portable 4K display, ideal for pro workflows.
The ultimate entertainment experience: Apple Vision Pro features ultra-high-resolution displays that deliver more pixels than a 4K TV for each eye, enabling users to watch movies and TV shows from Apple TV+®, Disney+, Max, and other services on a screen that feels 100 feet wide with support for HDR content. Within the Apple TV® app, users can access more than 150 3D titles with incredible depth wherever they are. Vision Pro also introduces Apple Immersive Video™, a remarkable new entertainment format pioneered by Apple that puts users inside the action with 180-degree, three-dimensional 8K recordings captured with Spatial Audio. Users can also enjoy new interactive experiences like Encounter Dinosaurs.
New gaming experiences: Players can access games on the App Store, including more than 250 titles on Apple Arcade®. Hit games like NBA 2K24 Arcade Edition and Sonic Dream Team can be played on a screen as large as they want with incredible audio and support for popular game controllers. New spatial games, including Game Room, What the Golf?, and Super Fruit Ninja, take advantage of the powerful capabilities of Apple Vision Pro to transform the space around players, offering unique and engaging gameplay experiences.
Memories Brought to Life

Apple Vision Pro enables users to capture and relive their favorite memories in entirely new ways. Spatial photos and videos transport users back to a special moment in time, and Spatial Audio makes the experience incredibly immersive. When users are on the go, they can capture spatial video on their iPhone® 15 Pro or iPhone 15 Pro Max and relive them on Vision Pro. Users can also view all their photos and videos at a life-size scale with brilliant color and spectacular detail, including Panoramas that expand and wrap around the user, making them feel like they are right where it was taken.

FaceTime Becomes Spatial

FaceTime® on Apple Vision Pro takes advantage of the space around the user so that everyone on a call appears life-size, while Spatial Audio makes it sound like each person’s voice comes from the location of their tile. If a user is wearing Vision Pro while on FaceTime, they appear as their Persona, while others joining from a Mac, iPad®, or iPhone will appear in a tile.

Persona is an authentic spatial representation of an Apple Vision Pro user that enables others on a call to see their facial expressions and hand movements — all in real time.1 Using machine learning techniques, a Persona can be created in just minutes using Vision Pro. Personas also work in third-party videoconferencing apps including Zoom, Cisco Webex, and Microsoft Teams.

Breakthrough Design

Apple Vision Pro builds on Apple innovation and experience designing high-performance products like Mac, iPhone, and wearables like Apple Watch®, culminating in the most advanced personal electronics device ever. An astonishing amount of technology is packed into a beautiful, compact design that utilizes the most advanced materials possible to achieve ambitious goals for performance, mobility, and wearability.

Apple Vision Pro is designed as a modular system so users can personalize their fit. A singular piece of three-dimensionally formed, laminated glass gently curves around the user’s face and flows into the custom aluminum alloy frame. The Light Seal is made of a soft textile and comes in a range of shapes and sizes, flexing to conform to a user’s face for a precise fit. Flexible straps ensure audio remains close to the user’s ears, while the included Solo Knit Band and Dual Loop Band allow users to find the optimal fit for them. For those with vision correction needs, ZEISS Optical Inserts are available with a prescription or as readers that magnetically attach to Vision Pro, allowing users to take full advantage of the display’s incredible sharpness and clarity.2

Unrivaled Innovation

Apple Vision Pro is designed to deliver phenomenal compute performance in a compact wearable form factor. Featuring a breakthrough ultra-high-resolution display system built on top of Apple silicon, Vision Pro uses micro-OLED technology to pack 23 million pixels into two displays, each the size of a postage stamp, with wide color and high dynamic range. This technological breakthrough, combined with custom lenses that enable incredible sharpness and clarity, and advanced Spatial Audio, delivers jaw-dropping experiences.

Apple Vision Pro also features a high-performance eye tracking system that uses high-speed cameras and a ring of LEDs that project invisible light patterns onto the user’s eyes for responsive, intuitive input. And to help the user stay connected to the people around them, Apple designed a groundbreaking new feature called EyeSight™. When a person approaches someone wearing Vision Pro, the device looks transparent — letting the user see them while also displaying the user’s eyes. When a user is immersed in an Environment or using an app, EyeSight gives visual cues to others about what the user is focused on.

The breakthrough display, advanced audio experiences, high-performance eye tracking system, and more are powered by Apple silicon in a unique dual-chip design. The M2 chip delivers powerful standalone performance, while the brand-new R1 chip processes input from 12 cameras, five sensors, and six microphones to ensure that content feels like it is appearing right in front of the user’s eyes.

Privacy and Security at Its Core

Apple Vision Pro offers industry-leading privacy and security. Optic ID™ is a new authentication system that analyzes a user’s iris to unlock Vision Pro, autofill passwords, and complete payments with Apple Pay®. Where a user looks stays private while navigating Vision Pro, and eye tracking information is not shared with Apple, third-party apps, or websites. EyeSight also includes a visual indicator that makes it clear to others when a user is capturing a spatial photo or video.

Accessibility in visionOS

As with all Apple products, powerful accessibility features have been built right into visionOS. Key accessibility features like VoiceOver, Zoom, Switch Control, Guided Access®, and more have been reimagined for spatial computing. Users can interact with Apple Vision Pro entirely with their eyes, hands, or voice, or any combination that works best for them. They can select a preferred input method such as their eyes, finger, or wrist using Pointer Control, pause on an element of visionOS for a few seconds to simulate a tap using Dwell Control, or simply use voice commands for activities across Vision Pro using Voice Control. If input from both eyes is not an option, visionOS also allows eye tracking with one dominant eye.

Apple Vision Pro and the Environment

Apple Vision Pro is designed with the environment in mind, with 100 percent recycled rare earth elements in all magnets and 100 percent recycled tin soldering and gold plating in multiple printed circuit boards. The frame and battery enclosure contain 100 percent recycled aluminum, and the Light Seal and Solo Knit Band are each made with over 70 percent recycled yarn. Vision Pro meets Apple’s high standards for energy efficiency and is free of mercury, brominated flame retardants, PVC, and beryllium. The packaging is 100 percent fiber-based, bringing Apple closer to its goal of eliminating plastics in all packaging by 2025.

Today, Apple is carbon neutral for its global corporate operations, and by 2030, plans to be carbon neutral across the entire manufacturing supply chain and life cycle of every product.

Pricing and Availability

Apple Vision Pro will be available starting at $3,499 (U.S.) with 256GB of storage. Pre-orders for Apple Vision Pro will begin on Friday, January 19, at 5 a.m. PST, with availability beginning Friday, February 2.
Apple Vision Pro will be available at all U.S. Apple Store locations and the U.S. Apple Store online.
ZEISS Optical Inserts — Readers will be available for $99 (U.S.), and ZEISS Optical Inserts — Prescription will be available for $149 (U.S.).
Apple Vision Pro comes with a Solo Knit Band and Dual Loop Band — giving users two options for the fit that works best for them. Apple Vision Pro also includes a Light Seal, two Light Seal Cushions, an Apple Vision Pro Cover for the front of the device, Polishing Cloth, Battery, USB-C Charge Cable, and USB-C Power Adapter.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

1 Persona is available in beta.

2 A valid prescription is required. Not all prescriptions are supported. Vision correction accessories are sold separately. ZEISS Optical Inserts are only available to purchase online.

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.

© 2023 Apple Inc. All rights reserved. Apple, the Apple logo, Apple Vision Pro, Apple Store, visionOS, App Store, macOS, iPadOS, Siri, Digital Crown, Freeform, Magic Keyboard, Magic Trackpad, Mac, Apple TV+, Apple TV, Apple Immersive Video, Apple Arcade, iPhone, FaceTime, iPad, Apple Watch, EyeSight, Optic ID, Apple Pay, and Guided Access are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

This device has not been authorized as required by the rules of the Federal Communications Commission. This device is not, and may not be, offered for sale or lease, or sold or leased, until authorization is obtained.



View source version on businesswire.com: https://www.businesswire.com/news/home/20240108013917/en/

Jacqueline Roy
Apple
jacqueline_roy@apple.com

Andrea Schubert
Apple
a_schubert@apple.com

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/92982248/apple-vision-pro-available-in-the-u-s-on-february

Apple Watch saves Delaware coed’s life after she passes out from carbon monoxide poisoning
Tuesday, January 2, 2024 3:08 pm
2 Comments

A Delaware coed’s Apple Watch saved her life after she passed out from carbon monoxide poisoning – an often fatal tragedy.

Stephanie Stahl for CBS News Philadelphia:

“It was extremely scary,” Natalie Nasatka said.

Nasatka is starting the new year grateful to be alive.

“I ended up losing consciousness,” she said.

She’s describing a bout of carbon monoxide poisoning that happened in her Smyrna, Delaware apartment.

“I was feeling extremely exhausted,” Nasatka said. “My vision was getting blurry.”

Before she passed out, Nasatka reached for her watch. She hit the SOS button, putting out an emergency call to 911.

“When I heard the firefighters yell out ‘fire department’ and they yanked me out of bed, I just started crying and saying ‘I want to live. I want to live,'” she said…

Nasatka, who’s a student, said she was lucky that help arrived quickly and she was revived in an ambulance with oxygen.

MacDailyNews Take: Another life saved, thanks to Apple Watch!

If you don’t have a carbon monoxide detector, you can find good ones on Amazon for under $40.

https://macdailynews.com/2024/01/02/apple-watch-saves-delaware-coeds-life-after-she-passes-out-from-carbon-monoxide-poisoning/

Driver flees scene after Crash Detection alerts police
Wesley Hilliard | Jan 03, 2024

Crash Detection on Apple Watch can alert authorities if you've been in an accident, but one Arizona man didn't stick around for help to arrive.

Apple Watch Crash Detection has been a somewhat controversial feature due to accidental activations from sports or roller coasters. However, it has proven to be a useful feature when actually activated by a crash.

An Arizona man was in a car accident, according to a report from Fort Worth Star-Telegram, but he was nowhere to be found when police arrived at the scene. The driver's Apple Watch sent a message to authorities after the vehicle rolled over, but the man had departed the scene.

Twenty rescuers and a helicopter began searching for the missing driver. Several hours later, a 30-year-old man was found walking about 5 miles away.

The man had minor injuries and claimed to be searching for help. He was reunited with his family.

When Crash Detection is activated, it alerts the wearer that emergency services will be contacted if Emergency SOS isn't dismissed. The device sends a message and the device's current location, which is how the vehicle was found.

Had the man remained with his vehicle, he'd have been helped much sooner. It isn't revealed why the man couldn't use his iPhone or Apple Watch to get help instead of walking miles up the road.

https://appleinsider.com/articles/24/01/03/driver-flees-scene-after-crash-detection-alerts-police?utm_medium=rss

Apple’s stock underperformed top tech peers in 2023 due to longest revenue slide in 22 years
Friday, December 29, 2023 10:01 am
6 Comments

In 2023, Apple suffered its longest revenue slide in 22 years, reporting four straight quarters of declining sales. Consequently, Apple’s stock underperformed top tech companies for the year.

Kif Leswing for CNBC:

Apple’s stock rallied in 2023, but its performance was outshined by all of its mega-cap tech peers, as the company suffered four straight quarters of declining revenue.

Apple didn’t release new iPad models in 2023, the first time that’s happened in a calendar year since the product was launched in 2010. Without new models, Apple has less to promote, and older versions of the product don’t see official price cuts that boost sales.

Earlier this month, all current model iPads were shipping from Apple’s website in a day, according to Morgan Stanley analysts. That’s a sign of weak demand… To make matters worse, new Apple Watch models were removed from Apple stores in the U.S. days before Christmas over an intellectual property dispute. After a late December appeal, the devices have been returned to store shelves, but Morgan Stanley analysts estimate Apple lost about $135 million in sales per day during the brief ban.

Sales of Macs fell nearly 27% to $10.2 billion in fiscal 2023.

Looking overseas, Apple would like to see an easing of tensions between the U.S. and China.

In 2023, Apple made significant progress diversifying its centers of production away from mainland China and into countries like Vietnam and India. But its moves to expand its supply chain appear to have awakened an impulse in the Chinese government to classify Apple as a foreign company.

MacDailyNews Take: Not the greatest year, especially vs. other top tech companies. Hopefully, 2024 will deliver new energy to the company.

https://macdailynews.com/2023/12/29/apples-stock-underperformed-top-tech-peers-in-2023-due-to-longest-revenue-slide-in-22-years/

The future of money is here – and it’s crypto

TL;DR: Cryptocurrency isn’t just here to stay – it’s the future of money. The industry has turned the page; compliant growth is in. Crypto is up 90% in value this year and 60% in volume in Q4. More than 52 million Americans and 5% of the world’s population own it and most of the G20 is moving to support its use. We're starting to see crypto utility emerge across stablecoins, DeFi, and web3 as crypto drives updates to the financial system and onchain looks more and more like the new online.

By Brian Armstrong Company, December 19, 2023

Cryptocurrency isn’t just here to stay – it’s the future of money. The industry has turned the page on the unlawful behavior that distracted from its progress; compliant growth is in. Following its massive market correction, crypto is up 90% in value this year and 60% in volume in Q4. Globally, 425 million people own it and 83% of G20 countries and major financial hubs have enacted or are working toward rules that create certainty for the industry. With that kind of scale and momentum, innovation builds on itself. SEC approval of spot bitcoin ETFs could spur new growth for crypto as an asset class. But as use of crypto has grown, so has its utility – from an asset class, to driving needed updates to the century-old financial system.

Every day, more consumers have grown up with the internet, and they expect to be able to move their money with a speed, reach, and autonomy that legacy financial institutions, and even online payment systems based on these institutions, can’t deliver. They also want to move it cheaply, without powerful institutions gating their access and charging high fees and interest rates. Today in the US, half or more of key consumers and voters are actively seeking alternatives to the current system, including 52% of adults aged 18-40, six in 10 Black Americans, and nearly half (47%) of Hispanic Americans. Crypto is helping to create a more open, more global system.

* Around the world, more than 100,000 merchants and payment rails themselves take payment in crypto, including PayPal and Visa. Among the reasons why: lower fees, higher speed, and access to new customers.

* In 2022, global onchain stablecoin transfers approached $9 trillion – more than Mastercard, Amex, and Discover combined. Stablecoins help currencies like the US dollar exist in digital form. They’re faster, more affordable, and more accessible than fiat money, but just as stable and secure. For everyday users, they offer the benefits of cash without the drawbacks. In countries with unstable governments and currencies, they offer citizens secure cross-border transactions.

* Countries with low economic freedom, such as Argentina, Brazil, and Nigeria, have among the highest usage rates of crypto payments and adoption as share of wealth (and are among the biggest populations in the world).

* Workers living abroad use crypto to send remittances. About one in nine people globally depend on them. Crypto transfers, on average, are 96% cheaper than other transfers and take 10 minutes compared to up to 10 days.

* Global financial centers like London, Switzerland, Hong Kong, and Singapore are transforming themselves into crypto hubs to claim the jobs and talent that a more open, more global system will bring.

Crypto gives people economic freedom, ensuring access to their own money and fair participation in the economy ungated by powerful legacy institutions – enabling people to build, create, and own their work. Coinbase is on a mission to increase economic freedom for more than 1 billion people. As crypto’s uses grow, we’re focused on building the most trusted, compliant products and services, supporting other builders, and passing fair rules to make the benefits of crypto available in the US and around the world:

* Coinbase Wallet is transforming global money transfers, enabling anyone to send money anywhere in the world for free and with instant settlement. No fees, no waiting days for the money to become available.

* Base, the decentralized, open L2 incubated by Coinbase, is laying new rails toward our goal of payments that happen in less than a second, for less than a cent, and enabling anyone, anywhere to build incredible onchain apps.

* Our new International Exchange, offering both spot and perpetual futures trading, is on its way to becoming a cornerstone of the global crypto ecosystem, redefining industry standards by staying true to our roots of trust, safety, and ease of use.

* Our Go Broad, Go Deep international expansion strategy is accelerating crypto adoption around the world. We recently obtained licenses or expanded in key markets including Canada, Spain, and Bermuda, and established Ireland as our EU MiCA entity location.

Coinbase is building a runway of clear rules, partnerships, and trusted products and infrastructure to support today’s and future innovations, from financial system updates that are now underway, to crypto’s next chapter – when 1 billion people around the world are using crypto-powered decentralized services, cloud services, and commerce, signaling that onchain is the new online.

Coinbase chose to become a public company in the US because we are committed to the market, and to compliance and transparency. For the US especially, our mission is more relevant than ever given threats to the American Dream and to the democratic values the country represents. Both can only exist when there is economic freedom. We believe the US will eventually get crypto right. In the meantime, we’ll continue to work with other countries that are moving forward and embracing crypto’s next chapter – driving a more global, open financial system. Crypto and Coinbase are only just getting started.

About Brian Armstrong

Brian Armstrong is the Chief Executive Officer and Co-founder of Coinbase. As CEO, Brian is responsible for Coinbase’s consumer and institutional arms, which offer an entire suite of products that make accessing cryptocurrencies easy and secure, in addition to new products that operate at the frontiers of crypto and blockchain. Before co-founding Coinbase, Brian worked as a Software Engineer at Airbnb. He holds three degrees from Rice University: Bachelor’s of Computer Science, Bachelor’s of Economics, and a Master’s of Computer Science.

https://www.coinbase.com/blog/the-future-of-money-is-here-and-its-crypto

Lowe’s home improvement chain finally offers Apple Pay at checkout
Tuesday, December 26, 2023 10:02 am
No Comments

Lowe’s, the second largest home improvement chain in the United States, after Home Depot (which still does not accept Apple Pay), is rolling out Apple Pay support to its over 2,100 locations across America.

Chance Miller for 9to5Mac:

As reported by multiple 9to5Mac readers, Lowe’s locations across the United States started rolling out Apple Pay support last week. The company has also added tap-to-pay support for contactless credit and debit cards as well.

Walmart shows no signs of adopting Apple Pay, despite newfound pressure from Kroger, which added Apple Pay support back in April. Walmart is by far the biggest Apple Pay holdout in the United States nowadays.

MacDailyNews Take: Yet another reason to choose Lowe’s over Home Depot. Welcome to Apple Pay, Lowe’s!

https://macdailynews.com/2023/12/26/lowes-home-improvement-chain-finally-offers-apple-pay-at-checkout/

Apple Watch import ban takes effect
Tuesday, December 26, 2023 8:26 am
4 Comments

The U.S. International Trade Commission’s (ITC) order has gone into effect as of December 26th, barring imports and sales of Apple Watches that use technology for reading blood-oxygen levels. Apple has included the pulse oximeter feature in Apple Watches starting with its Series 6 model in 2020.

Blake Brittain for Reuters:

U.S. Representative Katherine Tai decided not to reverse the ban following careful consultations, and the ITC’s decision became final on Dec. 26, the Trade Representative’s office said Tuesday.

Apple can appeal the ban to the U.S. Court of Appeals for the Federal Circuit.

The company has paused the sales of its Series 9 and Ultra 2 smartwatches in the United States since last week. The ban does not affect Apple Watch SE, a less expensive model, which will continue to be sold. Previously sold watches will not be affected by the ban…

Masimo has accused Apple of hiring away its employees, stealing its pulse oximetry technology and incorporating it into the popular Apple Watch.

A jury trial on Masimo’s allegations in California federal court ended with a mistrial in May. Apple has separately sued Masimo for patent infringement in federal court in Delaware and has called Masimo’s legal actions a “maneuver to clear a path” for its own competing smart watch.

MacDailyNews Take: As we wrote last week, “If the ITC ruling is not vetoed, and a hardware change is required, expect Apple to pay up and settle this imbroglio with an offer that Masimo cannot refuse.”

Related

U.S. ITC issues potential Apple Watch import ban in Masimo patent fight
Thursday, October 26, 2023
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Apple loses attempt to delay Apple Watch sales ban
Wednesday, December 20, 2023
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Apple barred from repairing out of warranty Apple Watches during U.S. ITC ban
Thursday, December 21, 2023
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https://macdailynews.com/2023/12/26/apple-watch-import-ban-takes-effect/

Why Apple could hit record $4 trillion market cap in 2024
Wednesday, December 20, 2023 11:52 am
No Comments

Apple is the first company to hit a $3 trillion market capitalization, and Wedbush Securities analyst Daniel Ives says the tech behemoth could hit the $4 trillion mark in 2024.

Angela Palumbo for Barron’s:

Apple, the most highly valued U.S. company, first closed with a market value above $2 trillion on Aug. 20, 2020. Then, 719 trading days later on June 30, 2023, the stock hit a market cap of $3 trillion.

Wedbush analyst Dan Ives expects the stock to hit a $4 trillion market cap by the end of 2024, “given the pace of growth and monetization we estimate for Cupertino over the next year.”

This reflects his belief that about 220 million to 230 million iPhones are available for upgrade in 2024.

Ives rates the stock at Outperform with a $250 price target. Shares of Apple were up 0.5% Wednesday to $197.09. The stock has jumped 52% this year.

Apple currently has a market cap of about $3.1 trillion. The stock would need to close at $257.19 a share or higher to reach the $4 trillion market cap milestone. That’s a 30.6% gain from Tuesday’s close.
Concerns

MacDailyNews Take: From Danny’s lips to Mr. Market’s ears!

Related

Analysts see a $3 trillion market cap in Apple’s future
Friday, March 12, 2021
In "News"

Microsoft should join Apple in the exclusive $3 trillion club by early 2024 – analyst
Wednesday, July 5, 2023
In "News"

Analyst: Apple could hit $3 trillion market cap in 2022
Thursday, June 10, 2021
In "News"

https://macdailynews.com/2023/12/20/why-apple-could-hit-record-4-trillion-market-cap-in-2024/

USD transfers now available in Singapore

Tl;Dr: Retail customers in Singapore can now transfer United States Dollars (USD) to and from their Coinbase accounts using the SWIFT network, easily gaining access to USDC and the broader crypto ecosystem.

By Hassan Ahmed Internationa, December 18, 2023

https://www.coinbase.com/blog/usd-transfers-now-available-in-singapore

Crypto industry donates over $78 million to elect pro-innovation candidates in 2024

TL;DR: With over $78 million already raised in Q4, crypto’s potential to help update the financial system and give everyday Americans a fair shake hinges on the election of candidates and the enactment of policies that support responsible, fair rules. Just 9% of Americans are satisfied with the current system. The crypto industry has raised over $78 million – as a start – to support the 52 million Americans who own digital assets and want a fair shake at the American Dream.

The future of cryptocurrency in the US hinges on the election of candidates and the enactment of policies that support responsible, fair rules for crypto – especially as a check on appointed regulators who have taken a regulation by enforcement approach. This approach withholds regulatory clarity at the expense of everyday Americans and drives jobs, economic activity, and innovation offshore.

Given the stakes, crypto’s superpower of grassroots support will now be amplified through significant spending. Fairshake Super PAC and its affiliates representing the nation’s crypto community, have raised over $78 million – and counting – from 20 companies and leading industry voices to support bipartisan, crypto-forward candidates in 2024. That’s over $78 million to support the 52 million Americans who own digital assets and want a fair shake at the American Dream.

The donation has been made possible by the following crypto companies and individuals, among others, who are committed to crypto's responsible growth:

Andreessen Horowitz

Ark

Brian Armstrong

Blockchain Capital

Wences Casares

Circle

Coinbase

Ron Conway

Cumberland

Framework Ventures

Hunter Horsley

Jump Crypto

Kraken

Lightspark

Messari

Multicoin Capital

Paradigm

Potter Ventures

Ripple

Fred Wilson

To support Fairshake and help this number grow, please donate at https://www.fairshakepac.com/.

Standing with crypto in 2024

No matter how open and transparent, super PACs alone won’t be enough to bring about the change the crypto community needs to see. In democratic countries, the people who show up to vote and advocate provide the passion and energy a forceful movement needs. Stand with Crypto, a grassroots movement we’ve been proud to support, is working to sign up 1 million members in time for a powerful show of force in support of fair and responsible policies ahead of the 2024 elections. Just four months since launch, 215,000 advocates have signed up – more than 20% of the way toward its goal.

Please join Stand with Crypto today, and share a link to Stand with Crypto on social media, in your apps, and with your customers.

The stakes in 2024

The 2024 elections will be the most consequential in crypto’s history, setting up a clear choice between candidates who see the need to update the financial system, especially for up-and-coming generations, and candidates who stand with the legacy institutions that are too slow, exclusive, and expensive to use:

Only 9% of all Americans are satisfied with the financial system.

This new ad illustrating the limits of the current system went viral upon launch, receiving more than 13 million organic views across X, TikTok and Instagram, including 5 million in the first 48 hours.

Among Americans currently aged 18-40, only 7% feel the financial system works well for people like them.

These younger Americans make up about 40% of all eligible voters today and will be a majority by 2028.

More than half of them (52%) participate in the current financial system only sometimes or not at all.

Few of them – just 19% of Millennials and 9% of Gen Z adults – feel the American Dream is achievable.

And half (51%) are likely to throw their weight behind crypto-friendly candidates in 2024. As younger generations become more pressured financially and more disillusioned by the system, they’re also becoming more empowered by technology and emboldened by their influence to do something about it.

Let's stand together, mobilize for change, and ensure that the crypto community's voice resonates throughout the country and in Washington in 2024:

Show up at town halls: Attend local town hall meetings to voice your opinions on why crypto matters to you. Personal stories and experiences can have a powerful impact on lawmakers.

Contact your representatives: Reach out to your Senators and members of Congress. Help them understand the importance of crafting clear and sensible crypto regulations in the US.

Vote wisely: Use your voting power to reject candidates for Congress who are unsupportive of crypto, which is just as important as voting for those who are fighting for smart crypto regulation.

Donate to crypto-friendly organizations: Support organizations that promote pro-innovation candidates for Congress and that advocate for fair and responsible crypto policies. Every donation, no matter how small, strengthens those who are ready to stand up for the crypto community. To join the fight, donate to these efforts today at https://www.fairshakepac.com/ or https://www.standwithcrypto.org/.

https://www.coinbase.com/blog/crypto-industry-donates-over-usd78-million-to-elect-pro-innovation