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Report: Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves
15.9.2022
One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the country’s oldest financial services companies...
Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says
14.9.2022
Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could...
China’s Metaverse Gaming Market Might Explode to Over $100 Billion According to JPMorgan
14.9.2022
Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this...
Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch
13.9.2022
A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial...
Square Enix Shutting Down PS5's Worst Game Before It's Even A Year Old
13.9.2022
Today, publisher Square Enix and developer Platinum Games finally did what everyone had been predicting from the start: they announced Babylon’s Fall will shut down within its first year. While I’m hardly surprised, it still sucks. People paid $60 for this game just six months ago, and less than...
Indian Authorities Unfreeze Wazirx’s Bank Accounts, the Crypto Exchange Says
13.9.2022
India’s Enforcement Directorate (ED) has unfrozen the bank accounts of cryptocurrency exchange Wazirx, the company said. The accounts were frozen as part of the federal agency’s investigation into 16 fintech companies and instant loan apps. Wazirx Says Its Bank Accounts Are...
Elon Musk’s $258 Billion Dogecoin Lawsuit Grows as New Defendants, DOGE Investors Join
9.9.2022
The $258 billion lawsuit filed against Elon Musk, Tesla, and Spacex over their dogecoin promotion has expanded with new defendants and DOGE investors added. The plaintiffs allege that the meme cryptocurrency dogecoin is a Ponzi scheme, emphasizing that Musk and his companies “falsely...
Xiden Developer CryptoDATA Announces New Project to Defend the Crypto Space From Asset Losses
8.9.2022
PRESS RELEASE. CryptoDATA Tech, the Xiden blockchain developer and MotoGP Austrian Grand Prix’s title sponsor until 2024, is joining a new project that provides highly sought-after safeguards for crypto users. CryptoDATA Tech is partnering with Martoms Brothers & Co and several...
Aave Companies Seeks $16M From DAO Funds to Pay Crypto Developers
8.9.2022
Some $15 million of that amount has been earmarked for work performed directly by the team over the course of more than a year
PlayStation Boss Calls Out Microsoft Over 'Inadequate' Call Of Duty Deal
7.9.2022
The console war custody battle over Call of Duty has taken an unlikely turn. In an industry notorious for secrecy and backroom deals, two of the biggest executives in gaming are hashing it out in public. A week after Microsoft Gaming CEO Phil Spencer said Activision’s hit shooter would remain...
YouTuber's Teardown Of New PS5 Posits It's Cheaper Despite Price Increase
7.9.2022
A revised model of the PlayStation 5 recently appeared in Australia, and a preliminary teardown of the hardware shows some big changes. The main takeaways are that Sony has made the guts of the machine more efficient and possibly reduced the power consumption of the system by almost 10 percent....
Tencent Bets $297 Million On Assassin's Creed Machine
6.9.2022
Tencent has dumped another small fortune into one of gaming’s biggest companies. Ubisoft announced on Tuesday that the Chinese conglomerate would being increasing its investment in the Assassins’ Creed maker by nearly $300 million through an elaborate set of financial maneuvers.Read more
Renault Inks Partnership With The Sandbox to Bring Automotive Experiences to the Metaverse
6.9.2022
The Korean subsidiary of Renault, a historic brand in the automotive industry, is establishing a partnership with The Sandbox, an Ethereum-based metaverse platform, to enter the metaverse space. With this partnership, Renault Korea’s objective is to establish its brand presence in...
Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes
3.9.2022
Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September...
Tether Asks Court to Remove Crypto Boutique Law Firm Roche Freedman From Class-Action Lawsuit
2.9.2022
Kyle Roche, an attorney and founding partner of the crypto boutique litigation firm Roche Freedman LLP, recently withdrew from a number of class-action lawsuits initiated by the law firm. The attorney’s withdrawal follows videos that circulated showing the lawyer discussing associations with...
Crypto Ads in Thailand Must Feature Clear Investment Warnings, New Regulations Require
2.9.2022
Thailand has introduced tighter rules that will oblige crypto companies to duly inform potential customers of the investment risks on their advertisements. The new regulations also prohibit businesses in the industry from making misleading or exaggerated claims. Securities Watchdog Adopts Stricter...
The Swappery Cross-Chain DEX Launches Utilizing Casper Blockchain
2.9.2022
PRESS RELEASE. With the unprecedented global rise of decentralization and emerging technologies like NFTs, blockchain and the metaverse, it makes sense that many companies would want to ensure that they are ready for the seemingly inevitable transition to Web3. As such, ‘The Swappery’...
Former blockchain skeptic David Rubenstein discloses investments in crypto companies
2.9.2022
The Carlyle Group co-founder also spoke on the regulatory landscape, saying that he does not anticipate excessive regulation from the U.S. Congress
Pokémon Company Sues Six Chinese Companies, Wants Them To Apologize For Making Millions Off Similar Game
1.9.2022
The Pokémon Company has filed a lawsuit against six Chinese companies over a mobile game for “copyright infringement and unfair competition behavior.” It is claiming over $72 million in damages and demanding public apologies on major social media platforms, gaming websites, and app stores....
Four of the Hottest Blockchain Game Companies in 2022
1.9.2022
The Metaverse is one of the hottest trends of the past year, promising a new collaborative online experience where users can explore and engage in persistent virtual worlds. While Web3 technology is finally starting to take off, it hasn’t yet made it to mainstream popularity. But it will, and soon....