Meta cancels next-gen headset as Reality Labs remains mired in VR
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way.
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More than $100M worth of NFTs stolen since 2021 — Elliptic
The firm reported that although the market downturn had caused the value of NFTs to “slump,” scammers stole an estimated 4,647 of the tokens in July 2022. 187 Total views 6 Total shares Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or…
Waves founder unveils Units protocol for layer-2 interoperability
Waves founder Sasha Ivanov believes the industry cannot move forward if blockchain interoperability remains unresolved.
Abu Dhabi Global Market Concludes First Phase of Blockchain-Based KYC Project
An international financial free zone within the capital of the United Arab Emirates (UAE) has concluded the first phase of its blockchain-based Know Your Customer (KYC) utility project, according to an ADGM press release Dec. 4.The Abu Dhabi Global Market’s (ADGM) regulatory body, the Financial Services Regulatory Authority (FSRA) along with “Big Four” audit firm…
Circle plans to become a full-reserve national digital currency bank
Circle is willing to operate under supervision of the Federal Reserve, the U.S. Treasury, the OCC, and the FDIC, CEO Jeremy Allaire said. 151 Total views 6 Total shares Goldman Sachs-backed digital payment company Circle has officially disclosed plans to become a full-reserve national digital currency bank in the United States.Announcing the news on Monday,…
Singapore Sees 300% Yearly Spike in Q1 Cryptojacking Attacks Amid COVID-19
The first quarter of 2020 saw ransomware attacks targeting devices in Singapore spike by four-fold compared with last year. 735 Total views 23 Total shares Data published by Russian cybersecurity firm Kaspersky indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020.Kaspersky estimates that…
Proof-of-Ink to boost Web3 adoption, Fed rate cut could spur DeFi summer: Finance Redefined
Gavin Wood introduced a major infrastructure development for Web3 citizenship, while Hashkey’s CEO forecasted a resurgence in the DeFi market driven by lower interest rates.
Bitcoin price consolidation could give way to gains in TON, APE, TWT and AAVE
The United States equities markets shrugged off the hotter-than-expected labor data on Dec. 2 and recovered sharply from their intraday low. This suggests that market observers believe the Federal Reserve may not change its stance of slowing the pace of rate hikes because of the latest jobs data.Although the FTX crisis broke the positive correlation…
New Rules: US Regulators Extend Their Purview Within Crypto Industry
This week, on the same day, two United States regulating bodies — the Financial Industry Regulatory Authority (FINRA) and its ruling organization the Securities and Exchange Commission (SEC) — reported filing objections against non-compliant crypto players who made some false statements regarding their businesses.While the SEC barely needs any introduction for those who follow the…