Despite recent struggles, Ethereum's future looks promising as the convergence of business and blockchains progresses. It's no secret that Ethereum (ETH -4.36%) has been in a rough patch lately. It simply can't catch a break. In the last month, it has plummeted by more than 25%, and it's only up a modest 4% year to date. The situation has been so dire that Ethereum Co-founder Vitalik Buterin even posted an artificial intelligence (AI)-generated image of a bull with a sign around its neck that read, "Ethereu ...

Sony Corporation (SONY) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SONY's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages be ...

Sony Group Corporation (SONY) recently announced a 19% price increase for its PlayStation 5 (PS5) console in Japan, highlighting a challenging external environment (including fluctuations in the global economy) as the primary reason. Beginning Sept 2., 2024, the PS5 will cost ¥79,980 for the standard edition and ¥72,980 for the digital edition. PS5 was initially launched in November 2020. The price hike comes when the PS5 is expected to be succeeded by a revamped version shortly. The company also hiked pric ...

t # Girts Ragelis Introduction Sony (NYSE:SONY) recently reported Q1 '24 earnings that were decent, so I thought I'd have a look at them and give my thoughts on where the gaming segment is headed. The push into live service is not appealing to many customers and with a failure of the most recent release, Sony needs to rethink this strategy. I am downgrading to a hold rating until I see how this segment develops over the next while. I covered Sony back in May when I argued that the company's results may be s ...

An abandoned merger is finally behind it. Shares of Japanese conglomerate Sony (SONY 3.51%) gave investors some really great news on Tuesday, announcing it had settled all merger-related disputes with Zee Entertainment Enterprises. Sony's India subsidiary had planned to merge with Zee in a $10 billion deal, but that was abandoned earlier this year, leading to litigation between the two companies. Sony and Zee find common ground In part because of the rapidly changing landscape in Indian media, Sony and Zee ...

KEY TAKEAWAYS Sony Group said it is increasing the price of its PlayStation 5 in Japan by 19% to around 80,000 yen ($550), in an unexpected move by the tech and entertainment giant. The price hike comes even though the console is four years old and has seen slowing sales, and a revamped console is expected in coming months. Sony reportedly increased the price to account for a "severe external environment." Sony Group (SONY) said it is increasing the price of its PlayStation 5 in Japan by 19% to around 80,00 ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output a ...

Sony on Tuesday announced a price hike for its flagship PlayStation 5 console, even as the device enters its fourth year on the market. The Japanese gaming giant said its suggested retail price for the PS5 is now 79,980 yen ($553), up 19% from the previous price. The hike will take effect from Sept. 2. Sony cited a challenging external environment, including fluctuations in the global economy, as the reason for the price increase. ...

Sony Group Corporation (SONY) recently launched an innovative software – Gaming Virtualizer by 360 Reality Audio – to bring spatial audio to the listeners, allowing gamers to experience more realistic and immersive sound quality using their headphones. "Gaming Virtualizer by 360 Reality Audio" is a plug-in software designed specifically for game developers. This software integrates seamlessly with Wwise, a cross-platform audio middleware developed by Audiokinetic Inc., widely used in game development for cr ...

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