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Meta’s Metaverse Business Loses Over $3.5 Billion in Q3 2022
27.10.2022
Facebook-owner Meta recorded a loss of over $3.5bn in the third quarter of this year, as the company continues to burn cash on its new metaverse-related initiative.
Overall, Meta saw its revenue fall 4% in the third quarter, while expenses rose by 19% year-over-year to $22.1bn. Compared to...
Coinbase Says Reddit’s Success Highlights the Potential for NFTs
27.10.2022
Reddit non-fungible-tokens are booming despite the bear market, the report said
Bear Market Didn’t Slow Institutional Interest in Crypto, Says Fidelity Survey
27.10.2022
The fourth annual study showed that 74% of institutional investors want to purchase crypto in the future
Crypto Platform Team Finance Suffers $14.5M Exploit
27.10.2022
The platform has paused all activity till the exploit has been mitigated
Core Scientific to Suspend Payments as Cash Dwindles
27.10.2022
The world's largest bitcoin miner said in a filing that it will not make payments that are due in the next few days
Crypto Exchange FTX Is Working on Creating a Stablecoin: Report
27.10.2022
Cryptocurrency exchange FTX is working on developing and issuing a stablecoin, CEO Sam Bankman-Fried said in an interview with The Big Whale
Google Admits Crypto Winter Is Hurting Ad Business
27.10.2022
The digital asset market downturn that started the current crypto winter is negatively affecting search spending, Google has acknowledged. Ad growth in the third quarter fell to a low seen only once in almost a decade, the tech company revealed this week. With Fewer Crypto Ads, Google Registers...
Dogecoin Soars as Elon Musk's Twitter Deal Nears Completion
27.10.2022
The billionaire entrepreneur is supposed to close his purchase of the social media platform on Friday
Blockchain.com May Raise Money at Significant Discount to Previous Valuation: Bloomberg
26.10.2022
Billionaire Quant Trader Donates a Record $1.9M of Bitcoin to a Super PAC
26.10.2022
Jeffrey Yass, founder of Susquehanna International Group, gave 100 bitcoin worth more than $1.9 million to a crypto-supporting super PAC
SushiSwap to create three DAOs in Panama and Cayman in business restructuring
26.10.2022
The proposal received 100% votes, establishing the DAO Foundation, the Panamanian Foundation, and the Panamanian Corporation
Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023
26.10.2022
Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter
Los rollups de layer 2 de Ethereum reducen los costos, pero se subestiman sus riesgos
26.10.2022
Las redes oficiales de rollups de Ethereum actualmente no pueden decir que “toman prestada” la seguridad de la blockchain
Bloomberg Beta Leads $6.2M Funding for DAO Framework Origami
26.10.2022
Origami and backer Orange DAO also announced a $20,000 funding program for pre-launch decentralized autonomous organizations (DAOs)
Crypto Ad Spending Slowdown Contributes to Google’s Soft Quarter
26.10.2022
Google's management team highlighted economic uncertainty which contributed to a slowdown in advertising spending
Crypto Exchange SushiSwap Approves Restructuring, Will Create Three Firms for DAO
26.10.2022
The DAO will be divided into three organizations, which would be based in Panama and the Cayman Islands
Bitcoin miners rethink business strategies to survive long-term
26.10.2022
A look at why some Bitcoin miners continue to thrive in the bear market while others need to rethink their strategies in order to continue operations
Crypto Exchange Gate is Latest to Sign MoU with South Korean's Busan
26.10.2022
Binance, Huobi and FTX have previously signed a memorandum of understanding with Busan as it looks to developer its nascent crypto market
A16z's Largest Crypto Fund Loses 40% Value in First Half of 2022: Report
26.10.2022
Andreessen Horowitz's flagship crypto fund has cratered by more than 40% in the first half of this year, according to Wall Street Journal, which cites people familiar with the matter
Bitcoin Miner Compass to Host 27MW Worth of Mining Rigs at Solar-Powered Startup
26.10.2022
Startup miner Aspen Creek Digital has 30MW worth of capacity at its Texas facility, making Compass one of its largest customers