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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....
Xbox's Matt Booty Dreams About Using AI To Do QA Testing
5.9.2022
Head of Xbox Game Studios, Matt Booty, has once more, so very appropriately, stuck his foot in his ass. This weekend at PAX, he proudly declared to a live audience how much he’d like to see QA work performed by AI.Read more
Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review
28.8.2022
Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten years’ time, it will be one of the best investments of the decade. One analyst, however, says if the precious metal falls below $18, it’s “very possible that we could see silver...
Analyst Says if Silver Dips Below $18, Precious Metal Could ‘Get Absolutely Smoked’ — Morgan Report Founder Expects a Supply Crunch
21.8.2022
While gold’s been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33% in value against the U.S. dollar during the last 24 hours. Silver has lost more than 28% against the dollar during the last 165 days or since March 8, 2022. Despite...
Digital Euro Needs Curbs to Halt Lending Crunch, ECB Study Finds
28.7.2022
The economic evidence appears to support calls to cap how much central bank digital currency people can hold, to stop them fleeing banks all together
Report: GTA VI Will Star Series' First Playable Woman, Will Be More Culturally Sensitive
27.7.2022
Rockstar’s Grand Theft Auto VI is one of the most anticipated games ever. Despite the hype, the studio has been incredibly tightlipped for almost a decade now. But a new report by Bloomberg offers big new details including that the game will feature the series first-ever playable woman...
The Credit Crunch Is Not the End of Crypto Lending
20.7.2022
It is a mistake to view Bitcoin’s success as a trade-off against the creation of credit. Its future depends on it, says our columnist, a partner at Castle Island Ventures
Xbox Head Defends Bethesda In Wake Of Crunch Allegations
28.6.2022
At an all-hands meeting on Thursday, Xbox addressed the growing employee concerns about labor conditions at Bethesda Game Studios and its parent company, ZeniMax. Matt Booty, head of Xbox Game Studios, said he was “confident” that the studio was not crunching, and that it was “unfair” to attribute...
Sonic Origins Dev Goes Off On State Of The Game
24.6.2022
Software developer Simon “Stealth” Thomley of Headcannon—the studio behind Sonic Mania—popped off on the state of the remastered Sonic Origins bundle, on which the team also worked. In a series of tweets, he said Headcannon had to put in “major time crunch” and was barred from implementing “major...
Crypto Exchanges Backing Away from Sports Spending as Crunch Continues
21.6.2022
Crypto firms are reportedly scaling back their spending on sports-related advertising and sponsorship as winter continues to bite in the markets.
Many crypto companies – including Crypto.com and Coinbase – have responded to a sharp drop in crypto prices and trading volumes by announcing they...
Cuphead Director Didn’t Care About Delays, Only Staff’s Well-Being
18.6.2022
Maja Moldenhauer, the director at the studio behind Cuphead and its DLC, recently talked about how the company’s number one priority is making sure its employees are healthy and treated well. In fact, Moldenhauer explained that she didn’t even care about delays. Read more
The Story Of 2022's Biggest Video Game*
15.6.2022
In 2015 mega-publisher Electronic Soft released the blockbuster game BloodDeath: DeathBlood, a sequel to 2009's wildly successful BloodDeath. It would mark the end of both the series and its development studio, but it is not the end of their story.Read more
The Human Toll Of Fallout 76’s Disastrous Launch
8.6.2022
“No one wanted to be on that project because it ate people. It destroyed people,” one former developer on Fallout 76 told Kotaku. “The amount of people who would go to that project, and then they would quit [Bethesda] was quite high.” Read more
Staked Ether Discount After Terra Collapse a Sign of Liquidity Crunch in Crypto
2.6.2022
The price gap between the locked-up ether (stETH) and spot ether (ETH) might be a sign of traders demanding compensation for Ethereum’s "Merge" risks, a FundStrat analyst said