Meta burns another $4.5B on metaverse in Q2, preps for AI growth

WeChat removed several accounts for digital collectible platforms for violating the policy of illegal trade, while Ant Group and Tencent-owned NFT platforms updated their user agreements. 240 Total views 22 Total shares China's leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack…

Ripple’s developer ecosystem project Xpring and game industry blockchain platform Forte have jointly established a $100 million fund to support game developers. The news was announced in a press release published on March 12.The initiative is designed to bolster the mass adoption of blockchain technology in the game industry through the increase of engagement and…

The two companies also announced a strategic partnership that would allow First Foundation to provide clients with secure access to Bitcoin-related investment products. 1061 Total views 14 Total shares First Foundation Inc, a publicly traded financial services provider, has made a strategic investment into New York Digital Investment Group as part of a broader effort…

Bored Ape Yacht Club (BAYC) creators Yuga Labs is set to wind down support for OpenSea following the platform’s upcoming removal of its on-chain royalty enforcement tool Operator Filter. The Operator Filter was launched in November 2022, essentially enabling creators to restrict secondary nonfungible token sales only to marketplaces that enforce creator royalties, thus filtering…

The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.”Bitcoin mining is an energy-consuming process, as it is a proof-of-work (PoW) blockchain network that…

A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospecting Pty. Ltd. 1913 Total views 30 Total shares In its first-ever, the Chinese steelmaker Nanjing Iron and Steel Company said it has completed an iron ore trade on the blockchain.The steel company…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. This discussion should not be regarded as legal advice.Bitcoin and other crypto prices have recently been highly volatile. If you are holding bitcoin or other crypto, you may well not want to sell until…

The cryptocurrency market has had a rough go this year and the collapse of multiple projects and funds sparked a contagion effect that has affected just about everyone in the space. The dust has yet to settle, but a steady flow of details is allowing investors to piece together a picture that highlights the systemic risks…

New research from decentralized CPU-sharing network Golem shows a concept for identity authentication using Proof of Device, based around Intel’s SGX technology. 776 Total views 31 Total shares Decentralized CPU-sharing network, Golem, published its research into a Proof of Device, PoD, mechanism for user authentication, June 5. While still a proof of concept, the research…