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Genesis to Declare Bankruptcy Soon While DoJ to Announce Major International Crypto Enforcement Action - Bitcoin Drops
18.1.2023
Bloomberg reports that Genesis may be getting ready to declare bankruptcy. The troubled crypto lender has been under the shadow of insolvency for weeks, following the credit crisis that has hit the crypto industry.
Genesis was one of the largest lenders in the space, often acting as a third-party...
16 Of The Best Action Games You Can Play In 2023
18.1.2023
Action games are often like rock music: it’s hard to pinpoint one definable essence, and most borrow liberally from other genres. That said, the genre is often at its best when you don’t have too many mechanics to memorize, and can mostly rely on your wits and your reaction time to get through each...
Ubisoft Devs Grill Boss On Shifting Blame And Chasing Trends
18.1.2023
Ubisoft CEO Yves Guillemot faced tough questions from some exhausted and fed-up staff about recent missteps and future plans in a company-wide Q&A session on Wednesday. The meeting comes just a week after the Assassin’s Creed publisher announced new cancellations, delays, and cost-cutting...
US authorities seize crypto website Bitzlato as part of international enforcement action
18.1.2023
U.S. Department of Justice to announce enforcement action against Bitzlato exchange
Justice Department to Announce Major International Crypto Enforcement Action
18.1.2023
The department will hold a press conference at noon Eastern Time
Ubisoft Employees Asked To Strike Over CEO's Comments, Pay Demands
18.1.2023
Ubisoft hasn’t had the best couple of years. A string of flops and disappointments means the company isn’t in the best shape as it heads into 2023, so in an attempt to get everyone firing last week CEO Yves Guillemot sent an email to staff telling them “The ball is in your court”. It did not...
Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Million in 30 Days
17.1.2023
Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 million over the last 30 days, increasing from $243 billion to...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000, Following Strong Chinese GDP Figures
17.1.2023
Bitcoin climbed back above $21,000 on Jan. 17, as markets reacted to better-than-expected Chinese gross domestic product (GDP) figures. The economic release comes as U.S. traders also returned to action, following the observation of the Martin Luther King Jr. Day celebration. Ethereum rose briefly...
Beyond Good & Evil 2 Still In Development, Claims Ubisoft
16.1.2023
After Ubisoft recently announced they had been swinging the axe Barbarian-style, it was assumed by many that any hope of the infinitely-delayed Beyond Good & Evil 2 could now be put to rest. Seven games were canned in the last six months, along with yet another delay for the beleaguered Skull...
Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations
14.1.2023
Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that “failure to meet the government’s obligations...
GTA 6’s Leak Showed Us The Future, Now It’s Hard To Care About GTA Online
13.1.2023
Last year, footage of the next Grand Theft Auto—assumed to be GTA 6—leaked online. While Rockstar quickly tried to erase the videos from the internet and plug the holes in the ship, it was impossible to completely contain such a massive, unprecedented leak. So fans around the world got a very good...
SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’
13.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from...
Naughty Dog Exec Kind Of Regrets Announcing Uncharted 4, TLOU2 So Early
13.1.2023
If you’ve been wondering why the critically acclaimed Sony studio Naughty Dog has been so mum about its current projects of late, the reason appears to be that it wants to focus more on maintaining a manageable work-life balance for its employees. Co-president Neil Druckmann, in an interview with...
Ubisoft's Never-ending Skull And Bones Delays: The Complete, Decade-Long Saga
13.1.2023
Skull And Bones started life as a multiplayer-focused expansion for 2013’s excellent Assassin’s Creed IV: Black Flag. Then it expanded into a bigger, MMO-like pirate game of its own. A decade later, and following its 2017 reveal and multiple delays, Ubisoft’s online pirate sim is still missing....
The Next Assassin's Creed Is Smaller Because Past Games Got Way Too Big
12.1.2023
The last few Assassin’s Creed titles have been gigantic games that can easily take over a hundred hours to fully complete, with huge maps crowded with POIs and tons of side quests to distract you from the main story. According to Ubisoft, Assassin’s Creed Mirage, the upcoming spin-off, is smaller...
Silvergate hit with another class action suit, this time for securities law violations
11.1.2023
According to allegations, the company and its executives knowingly misled investors with positive statements despite accusations involving money laundering and tanking share prices
Ubisoft Has Canceled At Least Seven Games In Six Months
11.1.2023
In a new financially-focused press release, Ubisoft has confirmed that it has canceled three more unannounced games, meaning that since July 2022 the publisher has now canned at least seven different video games. It’s more bad news for the publisher, who also confirmed that recent games like Mario...
Ubisoft Delays Skull And Bones, Cancels More Games, And Announces New Cuts
11.1.2023
Ubisoft held an emergency call with investors on Wednesday to reveal that the company’s 2022 sales had fallen well below expectations and that it would be taking drastic measures going forward, including cancelling three more unannounced games, delaying Skull and Bones a few months yet again,...
12 Games To Play After You’ve Finished High On Life
11.1.2023
From start to finish, High on Life is a riot of a time. The game’s unique, wise-cracking guns, fun platforming, and Rick and Morty-esque humor combine for about 16 hours of gaming time well spent. That said, once the campaign wraps up and you’ve explored some of the hidden areas, there isn’t...
US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors
11.1.2023
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,'” the Department of Justice (DOJ) described, adding that millions of dollars...