Many brands are starting to see a recovery despite the challenges initially posed by the pandemic. Some companies, especially those that have focused their efforts on expanding e-commerce businesses, have even seen their profits increase even more than before.
HYPEBEAST has put together the best trading and crypto stories of the week so you can stay on top of trends across industries.
Business
1. Jack Dorsey’s Square Inc. changes its name to Block
Square Inc., the financial services company founded by Jack Dorsey, changes its name from Block to a symbol of growth. The name Block Inc. will also distinguish the corporate entity from its subsidiaries.
The block is @Square, @CashApp, @spiralbtc, @TIDE, @ TBD54566975, and our founding teams who support them. We are here to create simple tools to increase access to the economy. https://t.co/CkVKxHPkqy pic.twitter.com/RMOnxCLP9Y
– Block (@blocks) December 1, 2021
2. FTC sued NVIDIA to block its $ 40 billion acquisition of semiconductor company ARM
The deal was first announced in September and involved a purchase price of US $ 40 billion for the microchip design company. The FTC now claims the deal would significantly “stifle” competition in the industry.
3. Twitter has prohibited the sharing of photos or videos of individuals without their consent
The announcement noted that users will be able to contact the social media platform to report which media should be removed. The private information policy update does not apply to public figures, although images of public figures may be removed for violation of platform policies.
Sharing images is an important part of people’s experience on Twitter. People should have the choice of whether or not a photo is shared publicly. To this end, we are expanding the scope of our private information policy. ?
– Twitter Security (@TwitterSafety) November 30, 2021
4.Bay has acquired Sneaker Con sneaker authentication service
The edge reports that with every purchase of a sneaker over the price of $ 100, eBay uses Sneaker Con to authenticate the shoes. The shoes go through a range of professionals and experts who can ensure that the pair matches the description in the listing and is an original shoe.
5. Facebook’s crypto lead withdraws
David Marcus, Meta Novi’s digital portfolio manager, has announced he is stepping down. Stéphane Kasriel, vice president of products at Novi, will replace Marcus, who remains on the board of directors of Diem.
Personal News: After seven fulfilling years at Meta, I made the difficult decision to step down and leave the company at the end of this year. (1/7)
– David Marcus (@davidmarcus) November 30, 2021
Crypto
1. Facebook will resume allowing certain crypto ads on its site
Meta says it will soon expand the list of regulatory licenses it accepts from three to more than 27. He cited greater government oversight and a more mature market for the cryptocurrency world.
2.Adidas Unveils New Information About Its Foray Into The Metaverse, Including Partnership With Bored Ape Yacht Club
The company collaborates with Bored Ape Yacht Club, Pixel Vault’s Punks Comic, and crypto investor Gmoney. “It’s time to step into a world of limitless possibilities,” adidas tweeted.
Today we jump into the metaverse with @BoredApeYC, @gmoneyNFT & @punkscomic.
It’s time to step into a world of limitless possibilities.https: //t.co/LmgtrRn20c pic.twitter.com/40kU8tayrS
– adidas Originals (@adidasoriginals) December 2, 2021
3. NBA Top Shot partners with Infinite Objects to display NFT IRL
Infinite Objects, a company that prints digital collectibles in physical frames, has partnered with NBA Top Shot so collectors can display their moving NFTs in real life. Each Top Shot Moment is authenticated by Infinite Objects through a user’s Dapper Wallet to prevent unauthorized use.
4. Takeoff from Migos launches his own NFT project called Apes in Space
The project would select one of its NFT owners to join the rapper on a future trip to space. The platform’s first NFT collection will be released later this week.
5. A cryptocurrency called Omicron has recently risen in value
The digital coin shares the same name as the latest COVID-19 strain but is unrelated to it. Over the past few days, the piece has reached new heights, apparently as part of a collaborative effort to create a meme.
