Search
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown
25.11.2022
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched...
Latam Based Cryptocurrency Exchange Ripio Expands to US
25.11.2022
Ripio, an Argentina-based cryptocurrency exchange, has announced that it will expand its operations to the U.S. The company, which serves more than 4.5 million customers in Latam, received a license in the state of Florida to operate and will start offering its Ripio Select services to companies...
Sony Acquires 3D Animation Company Beyond Sports to Offer a Complete Sports Metaverse Experience
25.11.2022
Entertainment and electronics giant Sony has recently completed the acquisition of Beyond Sports, a company specializing in using real-world data to produce 3D animation. With this purchase, the company is now reportedly able to offer a full metaverse experience for sports matches, complete with...
Report: Big Game Companies Like Square Enix And Roblox Are Ignoring Climate Change
23.11.2022
AfterClimate, a research and consultancy business “on a mission to decarbonise the games industry”, have this week published the results of their “game industry net zero 2022 snapshot”, a report that takes a detailed look at how most of the world’s biggest video game companies are responding to...
Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals
22.11.2022
Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult...
Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts
21.11.2022
Several Chinese platforms are introducing metaverse tech in their coverage of Qatar’s 2022 soccer World Cup. The experiences, which will use virtual reality (VR) headsets and 5G as base tech, will allow the users to enjoy a metaverse-like view of the event, and will also give Chinese...
Uzbekistan Licenses 2 Crypto Exchange Service Providers
21.11.2022
The regulatory body overseeing the crypto market in Uzbekistan has issued licenses to two companies that will be providing exchange services. The decision to authorize their activities aims to make it easier for Uzbekistanis to purchase and sell digital currencies, the agency said. 2 Crypto...
Big Four Company KPMG to Examine New Business Models in the Metaverse
19.11.2022
KPMG, one of the “big four” companies in the consulting and auditing business, is appointing a new head of metaverse futures. The new position, to be occupied by Alyse Sue, will be dedicated to the implementation of technologies such as metaverse and crypto to find fresh business models...
Post-FTX Meltdown, Regulation-Abiding Companies Can Restore Trust
17.11.2022
Crypto companies that adhere to stringent guidelines are less flashy, but will ensure safety and reduce risk
The FTX contagion: Which companies were affected by the FTX collapse?
17.11.2022
The FTX saga has had a massive impact on the entire crypto industry, and some companies bore the brunt of the crash
FTX bankruptcy freezes millions worth of crypto company funds
16.11.2022
Galois Capital, New Huo Technology, and Nestcoin are just some of the crypto firms with funds stuck on FTX as the exchange undertakes bankruptcy filings in the United States
Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar
12.11.2022
On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The company’s bankruptcy filing and information concerning...
Russian IT Firms Lobby for Crypto Payments in Software Exports
11.11.2022
Companies developing software solutions for foreign customers are urging Russian authorities to allow them to accept crypto payments. The proposal is part of a package of measures aimed at supporting IT exports suggested by an industry organization to the executive power in Moscow. IT Businesses...
3,500 ‘Sleeping Bitcoins’ From 2011 Worth Over $60 Million Wake up After 11 Years of Slumber
11.11.2022
On Nov. 11, amid the confusion concerning troubled crypto companies like FTX and Blockfi, 3,500 ‘sleeping bitcoins’ from a wallet created on Oct. 7, 2011, moved for the first time in over 11 years. $60 Million Worth of 11-Year-Old Bitcoins Move Amid the Crypto Market Rout A large...
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down
11.11.2022
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and...
Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors
10.11.2022
On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder Justin Sun as well. FTX Is Reportedly Seeking Up...
In the Volatile World Of VTubers, Companies Crash And Burn
10.11.2022
Elves, robots, zombies and pirates. Many of today’s internet stars aren’t even human, but outlandish characters that wouldn’t look out of place in a popular anime or manga. Such is the world of virtual YouTubers or “VTubers,” who have gone from a niche technology experiment to a full-blown cultural...
We Need To Start Holding Japanese RPGs To Higher Standards
9.11.2022
I had one hell of a weekend. After I published my piece on Final Fantasy producer Naoki Yoshida’s misguided comments about the next game’s overwhelming whiteness, the fans completely lost their minds. Sure, I saw the usual slurs and petty insults. But those weren’t the comments that stuck to...
Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023
9.11.2022
MUFG, the biggest bank in Japan, is projecting to offer financial services through the metaverse in 2023. The financial giant has partnered with ANA Holdings, a holdings consortium focused on air transportation companies, to be part of ANA’s Granwhale metaverse, and explore the possibility...
Dubai Presses for Crypto Companies to Set Up Shop
9.11.2022
Crypto companies say the city’s Virtual Assets Regulatory Authority has promised a regulatory framework before year end