RedStone, a blockchain oracle project, has recently announced that they will be expanding into the rapidly growing field of resttaking. This move comes after the company successfully raised $15 million in funding. Resttaking is a process in which users can earn rewards by holding and staking digital assets on a blockchain platform. This latest development … Read more
RedStone, a blockchain oracle company, has successfully completed a $15 million Series A round led by Arrington Capital. Other participants in the round include Kraken Ventures, White Star Capital, Spartan Group, Amber Group, SevenX Ventures, and IOSG Ventures. The funding also attracted angel investors such as Smokey the Bera and Homme Bera from Berachain, as … Read more
RedStone, a company specializing in oracle data feeds for blockchains, has recently secured $15 million in a Series A funding round led by Arrington Capital. The funds will be allocated towards expanding the team. Other participants in the round include SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, … Read more
EU competition chief Margrethe Vestager announced that antitrust regulators will be seeking additional opinions on the AI partnerships between Microsoft and OpenAI, as well as Google’s deal with Samsung. This move comes amid concerns about Big Tech leveraging their dominance in new technology. Vestager had previously sent questionnaires to several tech companies, including Microsoft, Google, … Read more
Nvidia’s market valuation has soared to become the top-ranked company, surpassing Microsoft. Despite recent declines in share prices, analysts believe that Nvidia has the potential to maintain its top position. Truist Securities conducted a comprehensive analysis, showing that historically, companies that have reached the number one market capitalization spot have underperformed in the short term … Read more
Polymarket has revealed its potential plan to delist UMA, a decentralized oracle service, due to issues arising from a settled market involving Barron Trump’s alleged involvement in a meme coin called DJT. The market had multiple determinations that Barron was not connected to the coin, leading to protests from shareholders who believed otherwise. Polymarket acknowledged … Read more
Steph & Co. increased its stake in Oracle by 70.7% in the first quarter, owning 461 shares valued at $58,000. Other hedge funds also made moves, with Contour Asset Management LLC acquiring 643,490 share, Sandy Spring Bank adding 1,107 shares, Hancock Whitney Corp increasing by 3,291 shares, LVM Capital Management Ltd. MI getting 200 more … Read more
Analysts at Bank of America increased their price target for Broadcom (NASDAQ: AVGO) shares to $2,150, highlighting the company’s shift towards growth driven by AI and VMware. Traditionally, AVGO’s software and semiconductor segments saw 5-10% growth, but Bank of America now predicts a compound annual growth rate (CAGR) of 13% from 2024 to 2026, primarily … Read more
Citi analysts recently raised their price target for Microsoft to $520 from $495 while maintaining a Buy rating on the stock. They noted that the latest news from OpenAI has been a positive indicator for Microsoft’s Azure platform, but expressed concerns that expenses might be underestimated. OpenAI has been making headlines for doubling its annualized … Read more
In a recent report by Citi, the target for Microsoft (MSFT) has been raised due to the positive impact of OpenAI on Azure. OpenAI’s collaboration with Microsoft has led to increased optimism about the company’s future prospects, particularly in the realm of artificial intelligence. Citi’s analysis highlights the significant advancements that Microsoft has made in … Read more