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Do Kwon Interview Explains He’s ‘Devastated’ by LUNA Collapse, Says ‘There’s a Difference Between Failing and Fraud’
23.6.2022
During a recent interview with the Wall Street Journal (WSJ), Terraform Labs (TFL) founder Do Kwon said he was “devastated” by the LUNA and UST implosion that took place in mid-May. He told the WSJ that he was probably a billionaire when LUNA tapped an all-time high before...
Activision Blizzard Clears Itself Of Any Wrongdoing
16.6.2022
Nearly year after an explosive lawsuit by the California Department of Fair Employment and Housing kicked off a firestorm of sexual harassment and discrimination allegations at Activision Blizzard, a Board of Directors working group investigating the company has released its findings. Led by...
Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
15.6.2022
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys...
Now New York City Is Suing Activision Blizzard
4.5.2022
Activision Blizzard is facing (what feels like) its 8,583,129th lawsuit, as first reported by Axios. This one’s from New York City, and alleges that longtime CEO Bobby Kotick raced to find a buyer for the mega-publisher he has been leading for 30 years to explicitly avoid consequences for turning...
NFT Market Collapses Just As Square Enix Sells Tomb Raider To Bet Big On Blockchain
4.5.2022
You know what no one could ever have predicted? That a market based on imaginary ownership of infinitely duplicable jpeg images might not be end-game, long-term sustainable. As The Wall Street Journal reports, the NFT market is “flatlining,” down 92 percent from last September. Which makes it just...
WSJ says 'the NFT market is collapsing' but the data says otherwise
4.5.2022
An article by the WSJ suggesting the non-fungible token (NFT) market is “collapsing” doesn’t show the full picture as contrasting analysis reveal a consolidation is instead taking place
US Labor Department Has ‘Grave Concerns’ About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans, Wall Street Journal Reports
29.4.2022
The Labor Department is scheduled to meet with Fidelity to express concerns
Bolt Acquires Wyre for $1.5 Billion, Firm Aims to ‘Decentralize Commerce’
8.4.2022
On Thursday, the payments and checkout and shopper network, Bolt has announced the firm plans to acquire the digital currency provider Wyre in a $1.5 billion deal. Bolt has explained the acquisition is aimed at bolstering cryptocurrency services and “the opportunity of Web3.” Payments...
Activision Stock Shenanigans Being Investigated By Justice Department, SEC
9.3.2022
The Wall Street Journal is reporting that three men—Fox co-founder Barry Diller, Reggie Miller-hating socialite Alexander von Furstenberg and music magnate David Geffen—are currently under two separate federal investigations over suspicions insider trading was involved in their purchase of millions...
Parents Sue Call Of Duty Maker, Alleging Sexual Harassment Led To Daughter’s Suicide
7.3.2022
Parents of an Activision Blizzard employee who died by suicide on a 2017 work retreat at Disneyland are now suing the Call of Duty publisher alleging workplace sexual harassment contributed to their daughter’s wrongful death. Activision Blizzard had previously dismissed the tragedy as having...
Sony And Microsoft's Comments On Call Of Duty Exclusivity Are Clear As Mud
20.1.2022
Here we go again. Will Activision Blizzard games be exclusive to Xbox after the recently announced $68.7 billion deal finally goes through? Probably. But in the meantime both sides are saying just enough to keep all possibilities open, with Sony being the latest to add its vague comments to...
Head Of Microsoft Says He’s ‘Grateful’ For Activision Blizzard CEO Bobby Kotick's 'Commitment to Real Change'
18.1.2022
Microsoft revealed a bombshell today: it’s buying embattled Call of Duty publisher Activision Blizzard in the largest gaming industry acquisition ever. That means a lot of things, including that the head of Xbox, Phil Spencer, will soon be veteran CEO Bobby Kotick’s new boss. But what that means...
Report: Bobby Kotick Is Still Trying To Hide The Scale Of Activision's Problems
17.1.2022
The Wall Street Journal is reporting that not only has Activision Blizzard fired dozens of staff in the last few months, but that CEO Bobby Kotick has been hiding that information from the public. Because it might look bad...Read more
Microsoft Closing In On $50 Billion Deal To Buy Activision Blizzard
17.1.2022
In an extraordinary turn of events, the Wall Street Journal is reporting today that Microsoft is getting near to a deal to buy Activision Blizzard. Which not only would be one of the most major shake-ups in the gaming industry in years, but also could finally spell out the end for its horrendous...
Call of Duty Studio Vaguely Promises To Do Better A Month After Sexual Harassment Report
21.12.2021
Call of Duty studio Treyarch just issued the latest in a long series of murky apologies from Activision-owned studios regarding the ongoing investigation into company-wide sexism, harassment, discrimination, and bullying. In a tweet issued today, a little over a month after the Wall Street Journal...
The Year In Gaming Apologies
16.12.2021
Video games had a lot to be sorry for in 2021, from the usual screenshot apologies over delays and busted launches, to things that actually matter like years of reported workplace abuse. Don’t worry though, everyone’s trying to do better.Read more
CIA Working on Various Crypto-Focused Projects, Director Confirms
9.12.2021
The director of the U.S. Central Intelligence Agency (CIA) has revealed that the agency is working on a number of cryptocurrency-focused projects. Cryptocurrencies “could have enormous impact on everything from ransomware attacks,” he said. CIA Has Been Working on Various Crypto...
Government Officials Pressuring Activision Blizzard Are Now Threatening The Company's Profits
1.12.2021
State treasurers from California, Massachusetts, Illinois, Oregon, Delaware, and Nevada are calling on Activision Blizzard to take more serious measures in addressing ongoing high-profile investigations and lawsuits about the company’s troubling culture. According to Axios, said treasurers have...
Right-Wing Group Wants Bobby Kotick Removed From Coca-Cola's Board
1.12.2021
The National Legal and Policy Center, a right-wing organisation that “promotes ethics in public life”, has written to Coca-Cola Chairman and CEO James Quincey asking that he “immediately seek the resignation” of besieged Activision Blizzard CEO Bobby Kotick from the company’s board of directors,...
Report: Activision CEO Bobby Kotick Will 'Consider' Quitting If He Can't 'Fix' Company's Culture
22.11.2021
Besieged Activision Blizzard CEO Bobby Kotick, who last week was the subject of staff walkouts and shareholder calls for his resignation, has reportedly said he will “consider leaving the company” if he can’t speedily address the harassment issues that have made headlines around the world this...