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Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin


Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch...

I Traveled To Facebook's Soulless (But Popular) Metaverse So You Don't Have To


The metaverse is supposed to be the future, so it’s got the world buzzing with excitement. Hilariously, though, the prominence of the “futuristic” buzzword has caused old footage of digital worlds to explode on social media, largely driven by the fact that nobody really understands what the hell...

Meta’s AI Supercomputer to 'Pave the Way' Towards Building the Metaverse


  Giant social media company Meta (previously Facebook) has unveiled its plans to build a powerful AI supercomputer, called the AI Research SuperCluster (RSC) — which Meta claims is already among the fastest such supercomputers in the world.  The company stated that this would be the fastest...

Myanmar Military Government Proposes to Jail Digital Currency and VPN Users


Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800. Draft Bill Open for Comments Myanmar’s...

Facebook and Instagram to Offer Support for NFTs


In what could be considered as a groundbreaking development for the non-fungible tokens (NFTs), Facebook and Instagram are gearing to help users create, display, and sell NFTs on their platforms, according to a report in the Financial Times. One of the insiders privy to this development revealed...

Report: Meta and Instagram Are Exploring an ‘Early Stage’ NFT Feature


Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could...

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