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, 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 […]
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 […]
The founder of FTX, Sam Bankman-Fried, is facing a new indictment for bribery, which has been added to the 12 charges he was already facing. Bankman-Fried had been arrested last year on charges of fraud, conspiracy, and trying to evade U.S. campaign laws. He was released on bond, with the terms of his release being […]
Huizhou, a city in Guangdong Province in China, has announced that businesses can now use the digital yuan to make tax payments. Huizhou Puli Curtain Wall Engineering, a construction firm, has become the first firm in the city’s Huiyang District to pay its urban maintenance and construction tax bills using the CBDC. The firm also […]
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 […]
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, […]
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 […]
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 […]
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 […]