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Evergrande’s Economic Tremors Trigger Bank Run in Northern China


Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Cangzhou, allegedly loaned billions to the struggling company. This...

Chatgpt Maker Openai Mulling Own AI Chips, Report Unveils


Openai, the developer of Chatgpt, is considering ways to overcome the shortage of chips needed to power its artificial intelligence (AI) product. One of the options that’s being discussed in the company, according to a recent media report, is to build its own powerful processor. Openai Reportedly...

Cardano’s profits surge and developer dominance in September 2023


Profit-taking has jumped a few borders, as per the data from Santiment. Altcoins, namely ADA, AAVE, and CRV, have observed the maximum profit-taking number. Speculation is that the price could decline in the days to come. The effect is even tangible with ADA’s trading price, which...

Ava Labs is excited to release the Firewood developer preview


Ava Labs has been instrumental in providing its developer’s initial glimpse of Firewood, which the company has been engaged in for a long period of time. It involved writing an advanced database that was maximized for holding Merkleized blockchain states from the start in Rust. Scholars agree that...

Ethereum Devs Put Forth ERC-7512 Standard to Represent Audit Reports On-Chain


Ethereum (ETH) developers have introduced a new smart contract standard, ERC-7512, aimed at enhancing transparency and accessibility to smart contract audits for decentralized finance (DeFi) protocols. The proposal was posted on the Ethereum Magicians forum by Richard Meissner, co-founder of Safe...

EA Lays Off Half The Staff Behind Magical FPS Game After Low Sales


On August 22, Immortals of Aveum was released on Xbox, PlayStation, and PC. Three and a half weeks later, around half of the staff who worked on the game have reportedly been laid off after it failed to sell enough copies to satisfy its publisher. It’s yet another round of layoffs to hit the game...

Unity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcement


Yesterday, the cross-platform game engine company Unity announced a controversial new Runtime Fee, which would charge developers per installation for games built with the Unity engine after those games reached a certain threshold. Everyone disliked that, and Unity’s stock prices took a pretty...

Roger Ver Joins Leading Innovators at Upbit D Conference 2023


PRESS RELEASE. The future of blockchain comes into focus at the Upbit D Conference (UDC), where Roger Ver, a leading figure in the crypto space and Founder of Bitcoin.com, will take the stage at Grand Walkerhill Seoul, Korea. Since its inception in 2018, UDC has transformed from an exclusive...

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