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Riot Platforms secures $100M ‘Bitcoin-backed’ loan from Coinbase


Riot Platforms has used its massive Bitcoin stockpile as collateral to secure a $100 million credit facility from Coinbase as the cryptocurrency miner eyes continued expansion. The $100 million loan from Coinbase’s credit arm marks Riot’s “first Bitcoin-backed...

PlayStation Hit With More Layoffs Following Recent Game Cancellations


The PlayStation-owned studio Visual Arts was hit with with fresh layoffs this week amid a further restructuring of Sony’s U.S. game development operations. While some of the cuts included staff who had contributed to recently canceled projects like an upcoming live-service game at Bend Studio,...

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