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“# Crypto Biz: Microsoft enters the metaverse, Jan. 14–20 ” This week’s Crypto Biz explores Microsoft’s Activision purchase, the new partnership between Coinbase and Mastercard and the latest funding news from the world of crypto. For a comprehensive breakdown of business developments over the last week, register for the full newsletter below. Microsoft enters the…
“#Intel deletes mention of Xinjiang after Chinese backlash” Intel has erased all mention of Xinjiang from a letter it sent to suppliers last month after the chipmaker came under fire from Chinese social media users for asking its partners not to source goods from the region over allegations of human rights abuses by Beijing. The…
“#Intel apologizes for Xinjiang ban over Muslim abuse complaints” Intel apologized Thursday for asking suppliers to avoid sourcing goods from Xinjiang after the world’s biggest chipmaker joined other foreign brands that face the fury of state media over complaints of abuses by the ruling Communist Party in the mostly Muslim region. Intel’s request was “arrogant…
“#Intel discloses small stake in crypto exchange Coinbase” Intel on Friday disclosed a stake worth less than a million dollars in cryptocurrency exchange Coinbase. The chipmaker held about 3,014 shares of Coinbase’s Class A common stock as of June 30, Intel said in a regulatory filing. The Coinbase shares would be worth around $788,191, based on trading price of $261.51 at…
“# Reports suggest that a mainstream tech giant holds shares of Coinbase stock ” Over the course of 2020 and 2021, the cryptocurrency industry has attracted a notable amount of mainstream attention. In line with the growing awareness of the crypto industry, Intel, a tech company with history dating back to the 1960s, revealed an…
“# iExec RLC rallies 400% after big-name collaborations and Coinbase listing ” Since the summer of 2020, decentralized exchanges (DEX) have been all the rage and in 2021 developers and investors continue to flock to the sector due to the ease of listing and buying into new projects. While the method has proved fruitful for…
“#Intel probes reported hack of quarterly earnings info” Intel launched an investigation after a hacker reportedly stole part of its quarterly earnings report, forcing the computer-chip maker to publish its results early. Chief financial officer George Davis told the Financial Times that an infographic from its earnings release was hacked from the company’s PR website….
“#Intel replacing CEO Bob Swan after two years” Intel is replacing its CEO after only two years, but it has been a rough stretch for the chipmaker. Bob Swan, who became the company’s chief executive in early 2019, will be replaced in mid-February by industry veteran Pat Gelsinger. Shares spiked 8 percent on news of…
“#Dan Loeb’s hedge fund urges Intel to explore deal options” Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker’s chairman on Tuesday that was reviewed by Reuters. Third Point CEO Daniel Loeb wrote to…
“#Intel shares slip as Apple reportedly doubles down on new M1 chip” Intel shares slipped 4 percent Monday morning on reports that Apple is gearing up to leave its computer chips behind for good. The iPhone maker, which recently released its first-ever laptops with homemade M1 silicon chips, is developing silicon for a new MacBook…