Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms

Bitcoin saw its fifth-largest week of inflows on record, helping it recapture the $60,000 mark, while Ether inflows took second place in anticipation of the US Ether ETFs.

Quantum computing technologies are slowly beginning to trickle out of the laboratory setting and into commercial industries. While it remains to be seen when mainstream adoption will occur, a number of companies are currently engaged in experiments and trials with paying clients to develop quantum computing solutions. According to a pair of researchers from the University…

Games have been pay-to-play, but blockchain and NFTs are here to change that, Stratis CEO Chris Trew told Cointelegraph. 2131 Total views 41 Total shares A new study from the United Kingdom revealed that most game studios have already started exploring blockchain technology for their upcoming titles.Commissioned by blockchain platform Stratis and undertaken by insight…

The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default. 1016 Total views 4 Total shares Own this piece of crypto history Collect this article as NFTAmber has completed a new $300 million Series C funding round, led by blockchain-focused venture capital company…

Brazil’s weak economic growth and inflationary pressure have led to more than 13 million Brazilians currently out of work. The unemployment rate currently stands at 12.5%. While the country runs the risk of recession, cryptocurrency’s low barrier for entry and promise of large returns appeal to Brazilians. Bruno Peroni, chief sales officer at Atlas Quantum,…

While nonfungible tokens (NFTs) are currently suffering in the bowels of a bear market, some are using this time to build and develop new concepts with the technology.Once such new concept is fractional NFTs — an iteration of NFTs that enable multiple investors to own a piece of a single token. These NFTs differ from…

Designed for institutional investors, the lending pool will feature KYC and AML restrictions. 4511 Total views 17 Total shares The banks are out of the bag: In a Tweet on Wednesday, Stani Kulechov, co-founder of decentralized finance money market protocol Aave, revealed that the Aave protocol has built a “private pool” for institutions to “practice”…

Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. 331 Total views 6 Total shares As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry.Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, claimed…

The Uniswap decentralized exchange (DEX) is the most popular DEX built on the Ethereum blockchain. For users wondering, "What is Uniswap?," this article provides an overview of what it is and how it works as well as several ways users can get started using the Uniswap DEX.With Uniswap, users can swap crypto tokens without having…