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Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down
11.11.2022
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and...
Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors
10.11.2022
On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder Justin Sun as well. FTX Is Reportedly Seeking Up...
In the Volatile World Of VTubers, Companies Crash And Burn
10.11.2022
Elves, robots, zombies and pirates. Many of today’s internet stars aren’t even human, but outlandish characters that wouldn’t look out of place in a popular anime or manga. Such is the world of virtual YouTubers or “VTubers,” who have gone from a niche technology experiment to a full-blown cultural...
We Need To Start Holding Japanese RPGs To Higher Standards
9.11.2022
I had one hell of a weekend. After I published my piece on Final Fantasy producer Naoki Yoshida’s misguided comments about the next game’s overwhelming whiteness, the fans completely lost their minds. Sure, I saw the usual slurs and petty insults. But those weren’t the comments that stuck to...
Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023
9.11.2022
MUFG, the biggest bank in Japan, is projecting to offer financial services through the metaverse in 2023. The financial giant has partnered with ANA Holdings, a holdings consortium focused on air transportation companies, to be part of ANA’s Granwhale metaverse, and explore the possibility...
Dubai Presses for Crypto Companies to Set Up Shop
9.11.2022
Crypto companies say the city’s Virtual Assets Regulatory Authority has promised a regulatory framework before year end
AAA gaming companies will look like peanuts as GameFi evolves: Skale CEO
7.11.2022
Finding a sustainable GameFi model is still challenging, as user experience ranks at the top of industry concerns
Meta Joins Growing List of Tech Companies Letting Workers Go – Crypto Firms to Follow Suit?
7.11.2022
With Facebook-owner Meta now joining a growing list of tech companies that are letting workers go, the inevitable next question becomes what crypto companies will do.
Per a report from the Wall Street Journal, “large-scale layoffs” are set to begin at Meta as early as this week. The layoffs could...
Vietnam Businesses Urge for Blockchain Training of Students and IT Specialists
6.11.2022
Members of the expanding blockchain sector of Vietnam have called on government and educational institutions to turn more attention to the deficit of talent. With the shortage of qualified personnel being a global challenge, they say the country needs to address the lack of training. Industry...
Microsoft Backs Wemade’s Blockchain Push in $46 Million Investment Round
5.11.2022
Software giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part of a $46 million investment round, that also saw the participation of two more companies: Shinhan...
Open Metaverse Alliance OMA3 Launches to Develop Standards for an Interoperable Digital World
3.11.2022
The Open Metaverse Alliance, OMA3, was launched by a group of Web3 dedicated companies in order to create standards for an interconnected metaverse. The organization, formed by companies such as Animoca Brands, Dapper Labs, The Sandbox, and Unstoppable Domains, stated its objective was to achieve...
Natural Gas Price Hike Hits Crypto Miners in Iran
3.11.2022
Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs...
Big Four Company EY Takes Wavespace Utility to the Metaverse
1.11.2022
EY, one of the “big four” accounting companies, is taking part of its software suite into the metaverse. EY wavespace, a utility that lets customers join meetings with EY personnel from several places around the world, will now include immersive experiences, allowing customers...
More than Just the Ooki DAO: Lessons for Web3 Companies About Control After bZx
31.10.2022
Tech talent migrates to Web3 as large companies face layoffs
30.10.2022
Web3 companies continue to hire amidst a bull market as tech giants undergo layoffs and hiring freezes
Crypto companies are still hiring, but you may not find a job post about it
28.10.2022
Engaging and networking are key tactics for landing a position in the industry during the crypto winter, recruiters said
Gamefi-Focused Oasys Blockchain Launches Mainnet With Support of Sega, Ubisoft, and Bandai Namco
27.10.2022
Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA gaming companies such as Sega, Ubisoft, and Bandai Namco, will start validating blocks from all nodes in preparation for...
Microsoft Working to Bridge Its Services With the Metaverse
26.10.2022
Microsoft, the software and computing behemoth, is seeking to adapt part of its software service stack to the metaverse. Ihsan Anabtawi, CMO of Microsoft UAE, declared that the company was working to make its cloud division compatible with metaverse experiences, and to allow companies to use...
Paypal and Western Union File Trademarks for Wide Range of Crypto Services
26.10.2022
Financial services companies Paypal and Western Union have each filed three new trademark applications covering a wide range of crypto services. Paypal’s applications are also for the payments giant’s logo. Paypal’s New Trademark Filings for Crypto Services Paypal Inc....
Public Bitcoin miners' hash rate is booming — but is it actually bearish for BTC price?
25.10.2022
Efforts to keep Bitcoin mining operations afloat may end up stressing the spot BTC price further lower