Red Bull Signs Sponsorship Deal with Mysten Labs’ Sui Network

This multi-year partnership between the two players aims to provide immersive digital experiences and enhance fan engagement, showcasing the potential of Web3 technology in connecting people. In a recent development, Red Bull Formula One Racing team announced its multi-year partnership with Mysten Labs’ Sui Network. This comes less than a month after Sui Network went … Read more

Standard Chartered Signs MoU with DIFC to Launch Digital Asset Custody Services in Dubai

Both parties look forward to partnering on opportunities that support their visions and promote a thriving digital asset ecosystem. Banking corporation Standard Chartered plans to launch digital asset custody services in the Dubai International Financial Centre (DIFC). While the plans are still subject to regulatory approval, Standard Chartered said the new digital asset custody services in Dubai … Read more

California Court of Appeal Signs Off on Uber and Lyft to Tag Drivers as Contractors

The verdict has helped bolster the recovery of both Uber and Lyft stocks in the pre-market today. The Californian Court of Appeals has overturned a lower court’s decision that sought to classify drivers working for ridesharing firms like Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) as independent contractors. As reported by CNBC, … Read more

Mortgage Rates Rise Over 7% for First Time since October as Inflation Shows No Signs of Abating

Mortgage rates jumped 7.1% Thursday following last week’s 28-year low decline in homeownership applications due to raging inflation.  Mortgage rates have climbed back over 7% following increased higher yields from inflation fears. According to Mortgage News Daily, the 30-year fixed mortgage average rate jumped to 7.1% on Thursday. Generally, increased concern that inflation is not abating … Read more