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Sony Cuts PlayStation 5 Sales Expectations Due To Global Chip Shortage
2.2.2022
In what will come as a surprise to absolutely no one, chip shortages impacted the PlayStation 5 late last year. Don’t expect that to change just yet. During Sony’s most recent quarterly financial earnings, the company’s gaming division did see a rise in profit. However, as Reuters notes, Sony...
Crypto Exchanges Reward Staff with Bumper Bonuses after Successful 2021
2.2.2022
South Korean crypto trading platforms are not only offering huge pay packages to prospective new hires – they are also looking to retain their staff by paying them massive Lunar New Year bonuses.
As reported, the “big four” crypto trading platforms - Upbit, Bithumb, Korbit, and Coinone –...
NYDIG offering allows participating companies to pay employees in Bitcoin
1.2.2022
Patrick Sells, the NYDIG's chief innovation officer, said the Bitcoin payment plan was aimed at letting companies offer a benefits package to prospective employees
The Japanese Internet Reacts To Sega Leaving The Arcade Business
1.2.2022
After 56 years, Sega’s arcade history is coming to a close. In fall 2020, Sega sold off 85 percent of its arcade business to Tokyo-based Genda. Now, the company has sold off its remaining stock, and Genda is removing the Sega name from arcades. In its place, Genda will use the “Gigo” name, which...
COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: Report
31.1.2022
Restricting the number of spectators at the major international sporting event will "likely further delay the mass adoption of the digital currency," according to the Foundation for Defense of Democracies' Craig Singleton
Pachinko Is Not Doing Well In Japan
31.1.2022
Japan’s pachinko industry, a bulwark in the country’s amusement industry, has been hit hard during the pandemic. According to pachinko news site Green Belt, nearly 640 pachinko parlors closed in 2021. As of December 2021, there were 7,637 pachinko parlors affiliated with the Japan Amusement...
American Express Sees Crypto as Asset Class — Says It’s Not a Near-Term Business Threat
29.1.2022
American Express (Amex) sees cryptocurrency as an asset class, according to CEO Steve Squeri. He added that right now, the firm does not see crypto as an immediate or medium-term threat to its business. American Express CEO Discusses Crypto Strategy The chairman and CEO of American Express (Amex)...
Xbox Game Pass Will Soon Stop Taking Money From Inactive Accounts
29.1.2022
Thanks to an investigation into online gaming subscriptions by the United Kingdom’s Competition and Markets Authority (CMA), Microsoft will soon improve the ways in which its Xbox Game Pass service handles auto-renewal, refunds, and inactive memberships. (h/t PC Gamer)Read more
The biggest crypto heists of all time
29.1.2022
Crypto exchanges are hacked surprisingly often. A few of the biggest crypto heists that occurred in the past few years are discussed in this article
Zuck got PUNKed — new Metaverse-linked ETF shorts Meta shares in holdings
27.1.2022
“Facebook seems to be the antithesis of what actual consumers want their digital futures to look like,” said Subversive Capital Advisor founder Michael Auerbach
Zombie Atari Celebrates 50-Year Legacy With NFT Loot Boxes
27.1.2022
Founded way back in 1972, Atari celebrates its 50th anniversary this year. The all-but-defunct company doesn’t really make games anymore, but it does like to plaster its recognizable logo over everything it can find—from hotels to PCs. And to celebrate that the company is still clinging to life...
Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
27.1.2022
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity....
Valkyrie aims for ETF linked to Bitcoin mining firms on Nasdaq
26.1.2022
The proposed ETF would invest at least 80% of its net assets in securities of companies that “derive at least 50% of their revenue or profits” from BTC mining
Coinbase joins NGO's efforts using crypto to help Haitians impacted by earthquakes, civil unrest
25.1.2022
Affected individuals should be able to use the digital funds for goods and services at more than 30 participating merchants in Haiti, with the option for vendors to cash out
Former CFTC chair Chris Giancarlo joins Digital Asset's board
25.1.2022
Many in the crypto and blockchain space referred to Giancarlo as “Crypto Dad” for his role in supporting digital assets during his five years at the CFTC
Amex CEO hints at exploring ways to allow credit card holders to redeem points for crypto
25.1.2022
“We’re exploring other ways, potentially, to redeem your membership rewards points, but I don’t think you’re going to see an American Express card linked to cryptocurrency anytime soon," said Stephen Squeri
Saudi-Backed Company Buys ESL For $1 Billion
24.1.2022
It’s being reported by multiple outlets that ESL, one of the world’s oldest and biggest esports companies, has been bought for $1 billion by Savvy Gaming, an esports investment company that is backed by the Saudi Arabian Government’s wealthy and controversial Public Investment Fund.Read more
Fitch Ratings warns of risks crypto miners pose to US power supply
24.1.2022
“Crypto mining operations are price-sensitive entities that may be quickly scaled back or shut down if mining becomes uneconomical," said the agency
Blockchain-enabled digital fashion creates new business models for brands
24.1.2022
A “digital-first” model is disrupting the fashion sector, as blockchain technology shows advanced capabilities in Web3 e-commerce and sustainability
Union Bank of Philippines to Offer Crypto Trading and Custodial Services
23.1.2022
One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custodial services. “It’s a way to future-proof our banking business,” said a Unionbank executive. Philippines’ Unionbank to Offer Crypto Trading and Custodial...