Disney Closes Metaverse Division, 50 Laid Off in Company-Wide Staff Reduction

Disney’s metaverse division, responsible for exploring new interactive storytelling formats across their intellectual property, has been dissolved. The 50-person team was cut as part of Disney’s efforts to reduce operating costs by $5.5 billion, which includes dismissing 7,000 employees over the next two months. Although the division was created over a year ago, it remains […]

Coinbase Urges Creation of Stablecoins That Preserve Purchasing Power Amid Dispute with SEC

Coinbase, a US-based crypto exchange, has called on developers to create a new type of stablecoin that is inflation-proof for its own blockchain. In a blog post on Thursday, the exchange expressed an interest in “flatcoins”, which are stablecoins that track inflation rates, offering users stable purchasing power and resilience against uncertainty in the traditional […]

Anjali Young, Co-Founder and CCO of Collab.Land, on Token Gating, Building Out Digital Communities, and Launching a Token

In an interview with cryptonews.com, Anjali Young, Co-Founder and CCO of Abridged Inc, discussed various topics such as Collab.Land’s recent token launch, their renowned seven-part documentary series, and the recent marketplace launch for creators and developers. Anjali Young has been actively participating in online communities since 1993 and has also worked as a lawyer, adjunct […]

EU Lawmakers to Vote on New Crypto Regulations, Ban Anonymous Transfers Above €1,000

On Tuesday, legislators in the EU will vote on new regulations concerning cryptocurrency, and these measures could potentially prohibit large crypto transfers from self-hosted wallets. This renewed focus on crypto regulation is aimed at reducing potential money laundering. Lawmakers will be deciding whether anonymous crypto transactions over €1,000 should be banned unless a regulated service […]

Jake Paul Net Worth and Crypto Holdings Revealed – Young Billionaire in the Making?

Former Disney Channel star and YouTuber turned professional boxer, Jake Paul’s net worth is a topic of much speculation. While estimates of his net worth vary wildly, the more reputable source Celebritynetworth.com puts Paul’s net worth at around $40 million, while other sources claim it could be as high as $310 million. In early 2022, […]

New Report Suggests Billionaire Peter Thiel is Connected to Bitcoin Creator Satoshi Nakamoto – Here’s What You Need to Know

Billionaire entrepreneur Peter Thiel has recently sparked interest in the cryptocurrency world by hinting that he may have met Satoshi Nakamoto, the creator of Bitcoin, at a financial cryptography conference in Anguilla 23 years ago. Thiel, whose connections at the time included Elon Musk, the PayPal Mafia, E-Gold founders, Srinivasan, and Vitalik Buterin, considers it […]

BTC Retests Triple Bottom at $26,650; Will BTC and ETH Bounce Back?

On Tuesday, Bitcoin dropped below $27,000 after reaching its highest level in months on Wednesday at $28,889. This decline may be attributed to the lawsuit filed by the US Commodity Futures Trading Commission against Binance and its founder. This has caused uncertainty in the cryptocurrency market and concerns about regulations of exchanges, leading to a […]

AI Chatbots a Better Use of Processing Power

Nvidia CTO Michael Kagan recently shared his opinion on emerging technologies, dismissing cryptocurrencies as having no real value to society and suggesting that AI chatbots like ChatGPT are a better use of the company’s resources. However, Kagan’s comparison between AI chatbots and cryptocurrencies is flawed since their use cases and purposes are distinct from each […]