Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.
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Sony Financial Ventures Joins Big Banks Investing in Securitize
Digital securities company Securitize announced a strategic investment from Sony Financial Ventures, in a press release dated Feb. 4. The unspecified level of investment marks an extension of Securitize’s latest funding round, which saw Santander and MUFG lead a $14 million round of investment capital, as Cointelegraph reported in September 2019.Securitize is a compliance platform…
Thai SEC revokes Zipmex’s licenses after failure to comply with orders
Thailand’s Finance Minister determined the cryptocurrency exchange was “still in contravention” of orders imposed by the SEC in February.
US President Biden announces pick for FDIC chair
Martin Gruenberg was the FDIC’s acting chair while the agency issued cease-and-desist orders to crypto firms and suggested that payment stablecoins merited further consideration. 456 Total views 3 Total shares United States President Joe Biden announced he would be nominating Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin Gruenberg to assume the position as part…
Judge Orders Trial in France for Alleged BTC Launderer Alexander Vinnik
Alexander Vinnik, the Russian national accused of laundering 300K Bitcoin through crypto exchange BTC-e, may now face trial in France. Also awaiting charges in the United States and Russia, suspected Bitcoin money launderer Alexander Vinnik could be facing a trial in France first.According to news agency Agence France-Presse (AFP), a Paris judge has ordered the…
DeFi has to be improved by embracing its peer-to-peer aspect
During this first wave of decentralized finance projects and services, users have been more than willing to part with their funds. It is very similar to how decentralized exchanges work, as convenience seems to trump privacy and security in DeFi. Just because some platforms offer a high annual percentage yield does not mean anyone should…
Coinbase Discusses Acqui-Hire With Ripple-Backed Rental Startup
United States-based cryptocurrency exchange Coinbase is currently discussing the possibility of hiring the engineering team of Ripple-backed storage and rental startup Omni Rentals, tech news outlet TechCrunch reported on Oct. 5.Not the only company interestedPer the report, two unspecified sources familiar with the situation told the outlet that Omni is currently struggling with layoffs and…
Bitcoin social sentiment decline may signal market bottom
BTC price has failed to hit a new all-time high in over three months, especially after the Bitcoin halving in April.
Jay Clayton will step down as US SEC chair by year’s end
The chairman of the Securities and Exchange Commission is set to move on after three-and-a-half years in the role. 1572 Total views 19 Total shares Jay Clayton, who has served as the chairman of the United States Securities and Exchange Commission since May 2017, will be leaving the agency by the end of 2021.In its…