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Nalezeno "Q2 2023": 15535

Meta Announces 10,000 Layoffs in ‘Year of Efficiency’ Move; Singles Out AI Over Metaverse as ‘Largest Investment’

16.3.2023
Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy. Mark Zuckerberg, CEO of the company, stated that artificial intelligence (AI) was currently the company’s most...

FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says

16.3.2023
The failed crypto exchange made a total of $3.2 billion in payments to Bankman-Fried and other key employees

Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows

16.3.2023
The wealth management industry globally is very light in both bitcoin and gold, one observer said

Founder of Crypto Exchange Bitzlato Denies US Charges

16.3.2023
The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder...

Voyager-Binance.US Pause Denied by Bankruptcy Judge

16.3.2023
A New York court denied the government’s request to halt the $1 billion deal, saying delay would harm customers

Plagiarism, Fork, or Simple Mistake? Shiba Inu Community Debates the Origin Story of Shibarium

16.3.2023
SHIB is down 8% and millions have been unstaked over allegations that the Shibarium code was stolen

FBI Says Crypto Investment Fraud Rose 183% to $2.57 Billion in 2022

16.3.2023
The Federal Bureau of Investigation (FBI) says cryptocurrency investment fraud rose 183% from $907 million in 2021 to $2.57 billion in 2022, based on data from its Internet Crime Complaint Center (IC3). The FBI also warned the public of “a spike in cryptocurrency investment schemes.”...

Shiba Inu Token Falls 10% Amid Shibarium Code Drama

16.3.2023
SHIB prices were down 10% in the past 24 hours, data shows

Signature Bank’s Prospective Buyers Must Agree to Give Up All Crypto Business: Report

16.3.2023
The Federal Deposit Insurance Corporation (FDIC) has reportedly asked banks interested in acquiring the shuttered New York institution to submit bids by Friday

Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal

16.3.2023
The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue...

India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions

16.3.2023
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency...

First Mover Asia: Bitcoin Dips Below $25K as Market Debates Liquidity

16.3.2023
ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week

Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’

16.3.2023
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday...

Payments Processor Stripe Secures $6.5B in Funding at $50B Valuation

16.3.2023
Stripe's valuation has fallen about 47% from its 2021 fund raise of $95 billion

Art Trading Platform LiveArt Announces NFT Membership Card Linked to Exclusive Drops

16.3.2023
The platform says its LiveArt X Card is meant to "put an end to NFT flipping and speculation" by encouraging collectors to hold onto their art long-term

U.S. Federal Reserve’s Real-Time Payments System Coming In July

15.3.2023
The U.S. Federal Reserve is activating its long-awaited real-time payments system in July, the central bank said in a Wednesday statement, marking a transition that some have seen as a government challenge of the crypto sector’s instant-transaction advantages

Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming

15.3.2023
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made...