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US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
16.3.2023
The Galaxy Digital CEO predicts tough times ahead for the U.S. economy, but continues to be bullish on crypto
Naughty Dog Exec Kind Of Regrets Announcing Uncharted 4, TLOU2 So Early
13.1.2023
If you’ve been wondering why the critically acclaimed Sony studio Naughty Dog has been so mum about its current projects of late, the reason appears to be that it wants to focus more on maintaining a manageable work-life balance for its employees. Co-president Neil Druckmann, in an interview with...
Report: Callisto Protocol Devs Left Out Of Credits Despite ‘Intense’ Work
9.1.2023
Some developers on the space horror blockbuster Callisto Protocol say they were omitted from the end credits sequence despite extensive work on the game and key contributions to the finished product. The claims come amid a renewed push throughout the video game industry to fix a broken crediting...
So, You Wanna Take Down Pokémon Scarlet And Violet’s Elite Four
23.12.2022
Defeating the Elite Four and the regional champion in battle is a rite of passage in most Pokémon games, and that includes Scarlet and Violet. These are supposed the most-powerful Pokémon trainers in the Paldea region, and overcoming them and their teams is the only way to become the regional...
Report: Diablo IV Devs Say June Release Date Will Lead To More Crunch
8.12.2022
Loot action-RPG Diablo IV received glowing previews this week and is expected to appear at the 2022 edition of The Game Awards Thursday night. But some of the game’s developers tell the The Washington Post that production might not wrap in time for a planned June 2023 release date unless they...
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
2.12.2022
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity...
Report: Elden Ring Devs Say FromSoftware Engages In 'Some Level Of Crunch'
29.11.2022
Crunch, or excessive overtime, is an epidemic in the games industry that leads to employee burnout and worker dissatisfaction. We’ve heard the stories of what excessive overtime can—and has—done to developers across the industry, including some of the biggest studios in the world. According to...
CoinList addresses 'FUD' on withdrawals, cites technical issues for delays
25.11.2022
CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems
Analysis of FTX and Alameda Collapse Points to Terra LUNA Fallout Starting the Domino Effect
18.11.2022
An analysis of the FTX and Alameda Research collapse has been published by the blockchain and crypto analytics firm Nansen and the report notes that the Terra stablecoin collapse, and the liquidity crunch that ensued, likely started the domino effect that led to the company’s implosion. The study...
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds
11.11.2022
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked...
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’
10.11.2022
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that “The full nature and extent of this risk is not known at this...
Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’
9.11.2022
Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not master plan this or anything related to it,” he told the Binance team, reminding them not to trade the FTX token (FTT) as the due diligence for the acquisition is still ongoing....
Binance CEO shares 'two big lessons' after FTX's liquidity crunch
9.11.2022
CZ took to Twitter on Nov. 8 sharing "two big lessons" that crypto companies should learn amid the downfall of crypto exchange FTX
Liquidity Crunch Spreads to Crypto Lending as Institutional Borrowers Max Out Credit Pools
9.11.2022
Multiple crypto investment firms received a “warning” label on lending protocol Clearpool for draining almost the maximum amount of credit from their credit pools
Report: FTX CEO Told Staff Crypto Exchange ‘Effectively Paused’ Withdrawals
8.11.2022
According to a report shared by an FTX staff member, prior to Binance announcing it would acquire the exchange, CEO Sam Bankman-Fried explained that in 72 hours FTX saw roughly $6 billion in withdrawals. Furthermore, the staff member’s account notes that withdrawals on the exchange FTX.com...
CZ Says Binance Intends to ‘Fully Acquire FTX,’ Sam Bankman-Fried Confirms Transaction
8.11.2022
After all the speculation surrounding the crypto exchanges Binance and FTX, Binance CEO Changpeng Zhao (CZ) revealed that his company is set to acquire FTX. CZ detailed that FTX asked for help and noted there is a “significant liquidity crunch.” FTX CEO Sam Bankman-Fried has confirmed...
Bitcoin price swings to over $20K as Binance helps FTX ‘liquidity crunch’
8.11.2022
Binance may even end up buying FTX outright as withdrawals resume on promises from the world’s largest crypto exchange
Binance CEO announces intent to acquire FTX to 'help cover the liquidity crunch'
8.11.2022
FTX CEO Sam Bankman-Fried called the news a "user-centric development that benefits the entire industry."
Former Rooster Teeth Director Says She Was Underpaid And Called Slurs
17.10.2022
Iconic Halo-inspired web series Red vs. Blue put online content company Rooster Teeth on the map. Over a decade later it’s branched out into gaming Let’s Plays, reality TV shows, and even anime, but it’s also increasingly the subject of allegations over an internal frat boy culture and toxic...
Former Sledgehammer Boss Clumsily Walks Back Pro-Crunch Comments
5.9.2022
Crunch is bad. Boasting about crunch is bad. You’d imagine everyone knows that now, wouldn’t you? Yet, and I’m not a qualified reputation manager, I still think I have a beneficial suggestion that could greatly aid many within the games development industry: Stop saying you think crunch is great....