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The Environmental Impact of Blockchain Technology

Blockchain technology has a significant carbon footprint due to its energy-intensive process of verifying transactions and creating new blocks on the blockchain. 

The Environmental Impact of Blockchain Technology 2023/05/30 10:00

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Barclays Maintains Camden Property Trust (CPT) Overweight Recommendation

Fintel reports that on May 31, 2023, Barclays maintained coverage of Camden Property Trust (NYSE:CPT) with a Overweight recommendation.

Barclays Maintains Camden Property Trust (CPT) Overweight Recommendation 2023/06/01 01:12

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Winklevoss twins' crypto exchange Gemini to seek UAE crypto license

The United-States-based cryptocurrency exchange is now seeking a UAE license and reportedly told local media there was "hostility and lack of clarity" on regulations in the U.S.

The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab Emirates (UAE).

In a May 31 blog post, Gemini cited increased enthusiasm for cryptocurrencies among citizens and positive conversations with regulators of the UAE as the reason for pursuing the license. 

Additionally, Gemini co-CEOs Cameron and Tyler Winklevoss told Zaywa that the move was spurred on after experiencing “hostility and a lack of clarity” on crypto regulation in the United States.

1/ We’re coming to the UAE!

We’re thrilled to announce that Gemini will soon begin the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE). pic.twitter.com/Ycdj9RxMbE

— Gemini (@Gemini) June 1, 2023

"We've been super encouraged with our conversations here with the regulators,” Gemini CEO Tyler Winklevoss told Abu Dhabi-based news outlet The National.

“There's an effort to make the UAE a home and a hub for crypto and, most importantly, to enact thoughtful regulation that connects, that protects both consumers, but also a company's ability to innovate.”

At the time of publication, the Winklevoss twins have not yet decided where to base operations for the exchange in the country, hinting that the new Gemini headquarters could be established in both Abu Dhabi and Dubai. 

Related: China to gain most from restrictive US crypto regulations — Coinbase CEO

According to data from Gemini's Global State of Crypto Report, more than 35% of those surveyed in the UAE had purchased crypto, compared to only 20% of those in the United States. 

Nearly 32% of non-owners in the UAE said they are likely to purchase crypto in the next year. Additionally, 33% of crypto holders in the UAE plan use it to make in-person purchases at brick-and-mortar retailers, compared to just 19% of crypto owners globally.

4/

As part of Gemini’s 2022 Global State of Crypto Report, we found that those in the UAE were rapidly acquiring crypto and putting it to use making in-person purchases.

We also found high intent to purchase crypto among those who were not yet ownershttps://t.co/EIB1ji2uBP pic.twitter.com/Ay9pfzkJk4

— Gemini (@Gemini) June 1, 2023

Magazine: Crypto regulation — Does SEC Chair Gary Gensler have the final say?


Winklevoss twins' crypto exchange Gemini to seek UAE crypto license 2023/06/01 01:09

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Rosenblatt Reiterates Elastic N.V (ESTC) Buy Recommendation

Fintel reports that on May 31, 2023, Rosenblatt reiterated coverage of Elastic N.V (NYSE:ESTC) with a Buy recommendation.

Rosenblatt Reiterates Elastic N.V (ESTC) Buy Recommendation 2023/06/01 00:43

RBC Capital Maintains Elastic N.V (ESTC) Outperform Recommendation

Fintel reports that on May 31, 2023, RBC Capital maintained coverage of Elastic N.V (NYSE:ESTC) with a Outperform recommendation.

RBC Capital Maintains Elastic N.V (ESTC) Outperform Recommendation 2023/06/01 00:43

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Walmart beats all nine proposals at shareholder meeting

Walmart investors voted against all nine shareholder-led proposals during the retail giant's annual meeting on Wednesday, a preliminary tally by the company showed.

Walmart beats all nine proposals at shareholder meeting 2023/05/31 20:19

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AI Couldn't Save These 2 Cybersecurity Stocks Today

Wall Street finished the month of May on a down note, with major market benchmarks giving back a portion of their recent gains. Declines for the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) were slightly worse than the daily drop in the Dow Jones Indust

AI Couldn't Save These 2 Cybersecurity Stocks Today 2023/05/31 18:43

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Ford CEO says EV cost parity may not come until after 2030

The cost to make electric vehicles may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor-intensive, Ford Motor Co Chief Executive Jim Farley said on Wednesday.

Ford CEO says EV cost parity may not come until after 2030 2023/05/31 15:58

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Rosenblatt Reiterates Elastic N.V (ESTC) Buy Recommendation

Fintel reports that on May 31, 2023, Rosenblatt reiterated coverage of Elastic N.V (NYSE:ESTC) with a Buy recommendation.

Rosenblatt Reiterates Elastic N.V (ESTC) Buy Recommendation 2023/06/01 00:43

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What's Happening With Paramount Stock?

Paramount Global stock (NASDAQ: PARA) has had a tough year, declining by about 12% year-to-date, underperforming the S&P 500 which has risen by about 10% over the same period. The stock also remains down by over 50% in the last 12 months. The markets have been penalizing Para

What's Happening With Paramount Stock? 2023/05/31 22:53

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Palantir: The "Sleeper" Play on the AI Revolution

Nvidia CEO Jensen Huang calls ChatGPT's November 2022 release the AI industry's "iPhone moment," triggering an arms race among tech firms, big and small. Microsoft quickly bought half of OpenAI, the company behind ChatGPT. At the same time, Google, Meta and Alibaba raced to deve

Palantir: The "Sleeper" Play on the AI Revolution 2023/05/30 12:06

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The Environmental Impact of Blockchain Technology

Blockchain technology has a significant carbon footprint due to its energy-intensive process of verifying transactions and creating new blocks on the blockchain. 

The Environmental Impact of Blockchain Technology 2023/05/30 10:00

1 / 15    

Stocks to Watch: DuPont, Nike, KB Home are stocks to watch

Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike, and KB Home.

Stocks to Watch: DuPont, Nike, KB Home are stocks to watch 2014/06/27 05:48

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