Sony sold just 2 million PlayStation 5 units in the last quarter, bringing its total to 19.3 million. That's down from the same quarter last year when it sold 3.3m units. Sony blamed the lack of sales on a chip shortage, but expects things to improve next quarter.
Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens as the Terra-based stablecoin struggles to recover its peg to the US dollar. Binance announced the temporary suspensions in a blog post earlier this morning, blaming “a high volume of pending withdrawal transactions” caused by network congestion.
Louisville, Kentucky made local history with its first real estate purchase made in bitcoin which only took about eight seconds, looking to invest profits from the sale into bitcoin by liquidating multiple properties. The buyer had taken an interest in Bitcoin some years prior and suggested he could make the purchase using BTC.
Match Group Inc. says it's suing Google to prevent the company from booting its apps from the Play store. Match says Google won't share up to 30% of its sales if it doesn't share its payment system. Google says Match was attempting to dodge paying for the significant value it receives.
Microsoft is expanding the services it offers to customers. The move could spark friction with partners. Microsoft has been offering a limited amount of expert services for about three years. The company has decided to offer three expanded services under a new category called Microsoft Security Experts. The idea is to provide customers with more human interaction and intervention.
Podcasting continues to grow in the US as experts predict ad revenue will grow 47% to over $2 billion in 2022, while the numbers show a depreciation from last year as the sector grew 72% in 2021, reaching $1.45 billion. While the US is expected to continue double-digit growth in the sector, it should rise over 100% by 2024.
El Salvador bought 500 BTC on Monday, according to its president, Nayib Bukele.
"El Salvador just bought the dip," Bukele said in a post on Twitter. "500 coins at an average USD price of ~$30,744."
The South American adopted bitcoin as legal tender last year and has since accumulated the cryptocurrency through a series of announced purchases. Based on past announcements, El Salvador has bought more than 2,000 BTC.
The US could see a surge in COVID-19 cases, hospitalizations, and deaths this fall and winter unless the country prepares and acts, with some disease models projected that the US could See 100 million coronavirus infections this winter. The forecast assumed that omicron subvariants continued to be dominant in the country, rather than a dramatically different variant potentially worsening the outlook.
Shares of Rivian Automotive plummeted in premarket trading Monday.
CNBC reported Saturday that Ford Motor would sell 8 million shares of the electric vehicle start-up.
A stock lockup period for company insiders and early investors such as Ford expired Sunday.
SBI Motor Japan has announced that its customers can now make payments for used cars using Bitcoin (BTC) and Ripple (XRP).
According to the announcement by SBI on Monday, the development marks the first time XRP cryptocurrency will be deployed on a cross-border e-commerce website in Japan. The BTC and XRP transactions will be settled on the SBI VC Trade Co. Ltd, a cryptocurrency exchange owned by the SBI Group. The platform, according to SBI, will use appropriate security methods in order to prevent money laundering and terrorist financing through crypto transactions.
India's Goods and Services Tax (GST) Council is weighing a proposal to impose a 28% tax on all cryptocurrency transactions. If passed, the new tax would increase the overall tax burden for the cryptocurrency sector in India. The proposal comes a month after India's finance ministry began imposing a 30% tax on all personal income generated from cryptocurrency.
Nvidia Corporation (NVDA.O) has agreed to pay $5.5 million to settle civil charges that the technology firm did not properly disclose the impact of cryptomining on its gaming business. The SEC said the firm failed to disclose that cryptomined was a "significant element" of its revenue growth from sales of chips designed for gaming.