News list for " announced Wednesday"
BlackRock (BLK. N), the world's largest asset manager, reported on Wednesday that fourth-quarter corporate profits jumped 21 percent, as the stock market boom boosted commission revenue and its assets under management hit a record high of $11.60 trillion. Its assets in the same period last year and in the third quarter were 10.01 trillion and 11.48 trillion, respectively. BlackRock's fourth-quarter long-term net inflows were $201 billion. Overall net inflows reached $281.4 billion, up from $95.6...
Layer 1 relational blockchain platform Chromia on Wednesday unveiled its priorities for Quarter 1 2025, highlighting the development of blockchain-enabled AI tools to support decentralized AI applications. According to Chromia's recent blog, the company's roadmap also includes the release of Postchain Python client side and Neural Interface v2.0, as well as a Mimir mainnet upgrade. Chromia's Mimir mainnet upgrade, scheduled for the end of Quarter 1, is expected to expand support for blockchain a...
Bitcoin re-staking platform SatLayer announced Wednesday that it will expand the use of bitcoin in decentralized finance to Sui, a fast layer 1 blockchain launched last year. As Sui focuses on fast transaction speeds, SatLayer's integration will enable developers to leverage Bitcoin's $2.10 trillion market size to build DeFi apps that are designed to keep third parties out of transactions in areas such as trading and lending, SatLayer said in a statement.
Habto, a Japanese fintech startup, announced on Wednesday that it raised $11.70 million in a Series A round led by QED Investors and DG Daiwa Ventures, with participation from Anthemis Group and Scrum Ventures. Existing backers include Saison Capital, GMO VenturePartners, Cherubic Ventures and Epic Angels. The funds raised are aimed at supporting Habto to expand its digital banking platform.
Robinhood reported third-quarter results on Wednesday, showing retail interest in cryptocurrencies remains strong, with crypto trading volumes reaching $14.40 billion, up 112% year-on-year. Despite a decline from $21.50 billion in the second quarter and $36 billion in Quarter 1, stock trading volumes rose 65% year-on-year to $286.20 billion. Robinhood's total trading revenue rose 72% to $319 million, with cryptocurrency trading revenue at $61 million, up 165%. Crypto revenue, however, fell from ...
U.K. Finance Minister Rachel Reeves on Wednesday announced her party's first U.K. budget in more than a decade. According to Suzanne Morsfield, policy advisor at trade association CryptoUK, she said the prospect of Reeves raising capital gains tax above 28 percent would hit around 5 million U.K. cryptocurrency holders particularly hard. Capital gains tax refers to gains made from investments in assets such as stocks or real estate, and it affects very few people in the UK. However, Morsfie...
Succinct Labs, a start-up backed by Paradigm, announced on Wednesday that it had been working with OP Labs, a major contributor to the Optimism protocol, to "solve" the ZK Rollups problem. "Over the past few months, we've worked closely with the OP Labs team to build OP Succinct, a seamless way to upgrade any OP Stack chain to use zero-knowledge proofs within an hour." Succinct Labs raised a seed and A round of funding led by Paradigm in March this year.
Cisco (CSCO. O) fell short-term and turned lower, and the company could announce layoffs as early as next Wednesday.
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