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PS VR2 Headset Sales Sound Like They’re Off To A Really Rough Start
30.3.2023
A month after launch, some analysts are already raising a panic about PlayStation VR2 headset sales. Bloomberg reports that the PS5 accessories are projected to have sold less than 300,000 units in the first month, renewing calls to slash the high-end $550 price tag.Read more
EA Lays Off Almost 800 People Weeks After Posting Huge Profits
30.3.2023
Publishing giant Electronic Arts announced today that approximately 6% of its global workforce, or between 700-800 people, will be laid off as the company drives “greater focus across our portfolio”.Read more
Volt Inu Partners With OKX to Enable OKX Wallet Web Extension Users to Access Voltichange
30.3.2023
PRESS RELEASE. Volt Inu, the innovative crypto project and leading decentralized exchange (DEX) platform, announced a significant partnership with OKX, one of the top exchanges in the crypto industry, on March 27, 2023. Volt Inu’s Twitter announcement revealed that the two companies would...
Top 5 Companies Pioneering Sustainable Bitcoin Mining
25.3.2023
While Bitcoin opponents cite the Bitcoin network’s high energy consumption as one of their main arguments against the digital currency, Bitcoin miners are increasingly adopting green energy solutions to power their facilities, causing the Bitcoin mining sector to move towards becoming a pioneer...
80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says
25.3.2023
Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S....
SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations
23.3.2023
The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto...
GameStop Profitable For First Time In Years Even As Everything Seems On Fire
22.3.2023
GameStop shocked investors, and anyone else who’s been paying attention to the meme stock video game retailer, when earlier this week it reported its first profitable quarter in over two years. It’s all the more surprising considering that everything else about the business, from botched pre-orders...
Microsoft Says 10 Years Is Plenty Of Time For Sony To Make Its Own Call Of Duty
21.3.2023
As regulators approach their deadline to approve or reject Microsoft’s $69 billion acquisition of Activision Blizzard, those for and against the mega merger are filing every last argument they can think of to try and sway the outcome. My favorite one yet involves Microsoft telling Sony to quit...
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
18.3.2023
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion...
Persona 5, Does Goro Akechi Mean Nothing To You?
18.3.2023
The internet’s been buzzy of late for the freshly announced Persona 5 spin-off game, Phantom of the Night (P5X). Fans were intrigued by the new characters, but they were also excited to meet their old favorites again. But when I looked at the screenshots, I noticed one person missing: Goro Akechi....
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
18.3.2023
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital...
Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business
18.3.2023
The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international...
Twitch CEO Steps Down After 16 Years
16.3.2023
Emmett Shear is no longer the boss of Twitch. After 16 long, controversy-filled years, the co-founder and only CEO the Amazon-owned streaming platform has ever known announced he’s stepping down to spend more time with his family. Read more
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
15.3.2023
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds...
Crypto Companies Shift Funds to Asset Managers Including Fidelity Amidst Banking Turmoil
15.3.2023
Crypto companies are moving their money from banks to asset managers as the turmoil in global banks continue, but industry insiders don’t see the bank failures as the end of banking for the crypto sector.
The turmoil in the banking industry has so far led to three major bank failures in the...
10 important social media ‘don’ts’ for crypto and blockchain companies
14.3.2023
Bad social media habits can do damage not only to your project and company’s reputation, but also to the burgeoning crypto industry as a whole
Bitcoin market cap flips tech giant Meta, widens gap on Visa
14.3.2023
BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla
‘Nobody left to bank crypto companies’ — Crypto Twitter reacts
13.3.2023
Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks
South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
11.3.2023
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several...
Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil
11.3.2023
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter”...