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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...
EOS proposes a solution to DeFi’s $5 billion insecurity problem
27.10.2022
$5 billion. That’s how much has been cumulatively lost to DeFi hacks and exploits. October 2022 will go down as the worst month on record, with almost $700M lost to a string of attacks that included Mango, Moola, Bond, and Binance Bridge. While centralized crypto platforms have their own security...
Ethereum (ETH ) rises by 20% in just a single week!
27.10.2022
Ethereum is the second largest cryptocurrency, and its dominance as a leading cryptocurrency is prominent after a more than 20% increase within a week. Investors are worried about the downtrend after the Merge upgrade, but now it has taken a bullish momentum breaking the resistance from...
Silicon Valley tech CEOs are not big fans of metaverses
27.10.2022
Disney’s CEO said the company doesn’t tend to use the word metaverse, as it believes it’s a very broad term
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...
Binance CEO Says They’re Closer to Identifying Hacker Behind $570,000,000 Exploit
27.10.2022
Major cryptoasset exchange Binance is closer to finding out the identity of the person(s) behind the $570 million hack on its native BNB blockchain, CEO Changpeng Zhao (CZ) told CNBC.
CZ said that Binance is working with law enforcement to identify the perpetrator(s), stating that,
“The...
3 SushiSwap Price Predictions - Jim Talbot, DonAlt Bullish on SUSHI / BTC
27.10.2022
Three of the best crypto traders posted their technical analysis on the SUSHI price chart this week, noting its relative strength against Bitcoin.
Yesterday Jim Talbot (@jimtalbot) who has 118,000 followers on Twitter uploaded one of his videos onto YouTube - also regularly streaming on Twitch....
Wyre integrates with the SKALE ecosystem
27.10.2022
The leading infrastructure crypto provider Wyre, announces its integration with SKALE labs, a multichain Ethereum native network with zero gas fees. Wyre offers SKALE builders an array of plug-and-play tools to utilize various crypto payment solutions. The integration allows the SKALE ecosystem...
UK Parliament Votes to Recognize Crypto – Will Britain Become a Crypto Hub?
27.10.2022
Lawmakers from the House of Commons, the lower chamber of the British parliament, have voted to recognize cryptocurrencies as a regulated financial instrument in the UK, supporting the crypto’s price increase. The move could mark another step towards establishing the UK as a European crypto...
Meta’s Reality Lab division suffers $3.7B loss in Q3
27.10.2022
Meta’s concerns have been surging for a while as the company notes another big blow. Reality Lab, Meta’s metaverse branch, recently disclosed facing 3.7 billion dollars in losses during 2022 Q3. The VR and AR operations department has experienced losses while trying to elevate...
Bitget Partners With Messi
27.10.2022
PRESS RELEASE. Leading global cryptocurrency exchange, Bitget announces that it has entered into a partnership with Lionel Andrés Messi, the iconic Argentine footballer and winner of a record-breaking seven Ballon d’Or awards. The announcement kicks off the engagement between Bitget and Messi...
Messi Partners With Bitget to Enter Crypto World and Offers Web 3 to Sports Fans
27.10.2022
PRESS RELEASE. Leading global cryptocurrency exchange, Bitget announces that it has entered into a partnership with Lionel Andrés Messi, the iconic Argentine footballer and winner of a record-breaking seven Ballon d’Or awards. The announcement kicks off the engagement between Bitget and Messi...
Binance Oracle is all set to enhance the BNB ecosystem
27.10.2022
Binance’s creation, the Binance Oracles, is prepared and has been effectively positioned for a grand launching exercise. However, as per the feelers sent out by the professional and expert team at Binance, the Binance Oracle has been created to provide a far better data-sourcing solution. However...
ConsenSys commits $2.4M annually to launch MetaMask Grants DAO
27.10.2022
The employee-led DAO will take charge of issuing grants to external developers building within the MetaMask ecosystem
Kazakhstan to build central bank digital currency on BNB Chain
27.10.2022
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain
Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules
27.10.2022
Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore...
Google Hints Crypto Bear Market is Negatively Affecting Ad Revenue
27.10.2022
Google saw advertiser pullback in financial services, including the cryptocurrency subcategory, according to the latest earnings call from Google’s parent company, Alphabet.
Alphabet’s revenue from Google advertising dropped in the third quarter of this year, said Philipp Schindler, SVP and CBO...
Coinbase partners with MakerDAO & releases USDC rewards
27.10.2022
MakerDAO recently voted on the proposal of custody of 1.6 billion dollars worth of USDC with Coinbase. The partnership will result in MakeDAO earning 1.5% rewards on the USDC stack. At the same time, the collaboration carries tangible benefits for MakerDAO, showing its commitment to DeFi...
Infamous Hacker Steals $1 Million Worth of Crypto Including Bored Ape NFT
27.10.2022
An infamous scammer known as Monkey Drainer has drained approximately 700 ETH ($1 million) worth of crypto and non-fungible tokens (NFTs) over the past 24 hours.
The prominent on-chain sleuth known as ZachXBT first broke the news, revealing that the scammer used phishing to drain user funds....
Aries Markets Mainnet is all positioned to go live
27.10.2022
Aries Markets is in the process of carrying out a soft launch as a part of their newly launched Aries Markets devnet. However, this has taken the company many months of deliberations and the process of trial and error to breathe life into its creation finally. Therefore, it is not at all surprising...