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What can Web3.0’s potential mean for global financial landscape

As Web3.0 applications are vouched to take the decentralised ‘centre stage,’ experts seem to explore its possibilities for shaping the financial world. It is believed that the current financial system can benefit from enhancement in Web3.0 penetration. According to Grand View Research, a market intelligence firm, global Web3.0 blockchain market is expected to grow at […]

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Business

Tesla plans to spend $3.6 billion more on battery and truck

An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company said Tuesday on social media. According to its public statements, Tesla intends to hire 3,000 more people across two new facilities eventually. […]

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Business

SpaceX raising $750 million at a $137 billion valuation,

A long exposure photo shows the path of SpaceX’s Falcon 9 rocket as it launched the ispace mission on Dec. 11, 2022, with the rocket booster’s return and landing visible as well. SpaceX Elon Musk’s re-usable rocket maker and satellite internet company, SpaceX, is raising $750 million in a new round of funding that values […]

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Business

The tech IPO market collapsed in 2022, and next year doesn’t look

The Nasdaq MarketSite in New York. Michael Nagle | Bloomberg | Getty Images Following a record-smashing tech IPO year in 2021 that featured the debuts of electric car maker Rivian, restaurant software company Toast, cloud software vendors GitLab and HashiCorp and stock-trading app Robinhood, 2022 has been a complete dud. The only notable tech offering […]

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Business

Elon Musk tells Tesla employees don’t be ‘bothered by stock

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long selloff, CEO Elon Musk told employees […]

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Technology

Council of the EU Proposes Amendments to Draft AI Act

On December 6, 2022, the European Union’s (EU) Regulation on Artificial Intelligence (“AI Act”) progressed one step towards becoming law when the Council of the EU (the Council) adopted its amendments to the draft act (“Council General Approach”). The European Parliament (Parliament) must now finalize their common position before interinstitutional negotiations can begin. The Council […]

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Business

Elon Musk tries to explain why Tesla shares are tanking

Shares in electric vehicle maker Tesla sank to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day in an otherwise mixed day for stocks. CEO Elon Musk tried to blame the sinking price partly on macroeconomic factors. related investing news Long-time Tesla bull Ross Gerber wrote in […]

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Business

Elon Musk, in Twitter poll, asks if he should step down as

On Sunday, Twitter’s new owner and CEO Elon Musk posted an informal poll of users of the social media platform asking if he should step down as head of the company. By 2:50 a.m. ET 14.5 million votes had been cast, with the majority of respondents (57%) calling for the billionaire to remain in his post. Musk […]

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Funding Wrap: Web3 Investors Look to Builders in Bear Market

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference.  What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link

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Metta World Peace: NBA All-Star-Turned-Web3 Investor Has This

Opinions expressed by Entrepreneur contributors are their own. If you’re reading this, then chances are you’ll agree: Starting a Web3 business feels daunting and confusing. At least, that’s how I felt when I first started funding my business with Web3 solutions for early-stage crowdfunding. The learning curve felt almost out of reach. My perspective changed, […]