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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
Konami’s Castlevania Anniversary NFT Sale Raises Over $160K
17.1.2022
Konami, a Japanese game developer and software publisher, raised more than $160K in its first foray into the non-fungible token (NFT) scene. This was the result of an NFT auction related to the 35th anniversary of Castlevania, one of its most popular franchises. The end result contrasts with what...
First Cryptocurrency ATM Reportedly Installed in Uruguay
15.1.2022
The ostensible first cryptocurrency ATM machine has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This represents a milestone for the country, which according to estimates has between 40K and 50K cryptocurrency users, whose...
Riot Games Offers Resignation Bonuses As Company Announces New Direction
13.1.2022
Hot on the heels of announcing plans to head in a somewhat new direction over the next five years, Riot Games has expanded its Queue Dodge buyout program–normally available to new hires during the first six months of their employment–to all employees. In other words, employees who opt to leave...
Iran to Permit Use of Cryptocurrencies in International Settlements, Reports Reveal
11.1.2022
Authorities in Iran are preparing to allow the employment of cryptocurrencies for international settlements. According to local media, central bank and government officials have given the green light to adopt a mechanism using digital coins in the field of foreign trade. Businesses in Iran to...
Lego Delays Overwatch 2 Set Over Activision Blizzard Allegations
11.1.2022
Lego’s Overwatch 2 Titan set won’t come out next month as planned. The Danish toy maker announced today that it’s delaying the release until it can finish reviewing its partnership with Activision Blizzard, in light of workplace misconduct issues made public in recent months.Read more
Report: Fintech Firms Received 62% of the $4.9 Billion Raised by African Tech Companies in 2021
11.1.2022
Fintechs account for nearly two-thirds of the $4.9 billion that was raised by African technology firms during the past year. Fintech groups also dominate in terms of funding that exceeds $50 million, with a 40% share of the total number of tech firms. The Covid-19 Factor Out of the $4.9 billion...
Xbox Boss Not Interested In 'Virtue Shaming' Activision
10.1.2022
Back in November, the head of Xbox, Phil Spencer, told staff he was “evaluating all aspects” of the Microsoft gaming division’s relationship with Call of Duty publisher Activision Blizzard following a bombshell report by The Wall Street Journal of workplace misconduct and coverups at the massive...
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme
9.1.2022
The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection...
Report: GameStop Is Going Into Crypto And NFTs
7.1.2022
It’s not only game companies like Square Enix and Ubisoft who are getting into NFTs, game retailer GameStop is reportedly doing so, too. According to The Wall Street Journal reports, the Texas-based company is launching its own crypto division with plans to create an online NFT marketplace...
212 S&P 500 Companies Outperformed Bitcoin in Past 12 Months
6.1.2022
Despite a relatively respectable return for bitcoin (BTC) of about 60% in 2021, shares of not just tech companies, but also of some of America’s largest banks and retailers, have outperformed the original cryptocurrency for the year....
Read More: 212 S&P 500 Companies Outperformed Bitcoin...
AMC Gets Serious About Anime By Acquiring Sentai Filmworks And Hidive
6.1.2022
AMC Network is now adding Sentai Filmworks and Hidive to its stable. As Variety points out, Sentai and its Hidive streaming service Hidive will join AMC’s current lineup that includes BBC America, IFC, SundanceTV, WE tv, and IFC Films. By 2025, AMC hopes to reach as many as 25 million paid...
The Sandbox Partners With a Myriad of Hong Kong Luminaries, Plans to Launch Metaverse ‘Mega City’
5.1.2022
The Animoca Brands subsidiary and blockchain-based virtual world, The Sandbox, has announced the firm has made multiple partnerships in Hong Kong, and has plans to create a “Mega City” in the metaverse. Partners who acquired land in The Sandbox to build Mega City include Hong Kong...
Cryptocurrency Draft Law Presented in Peru
5.1.2022
A draft of a new cryptocurrency asset law was introduced in Peru in December, seeking to regulate the cryptocurrency interactions that are already happening in the country. The draft law, besides defining what a crypto asset is and establishing the duties of virtual asset service providers (VASPs)...
14,000 Chinese Game Companies Have Gone Out Of Business Due To Regulation Freeze
4.1.2022
China’s freeze on video game licenses continues. South China Morning Post notes that the National Press and Publication Administration (NPPA) has not released a list of newly approved titles since July 2021. Because of this, state-run newspaper Securities Daily reports that approximately 14,000...
Argentinian Government Inquires About Energy Bitcoin Mining Companies Use Amidst Power Cuts
3.1.2022
The Argentinian government is starting to inquire about the power consumption of bitcoin mining companies after some provinces in the country faced power cuts during the last days of 2021. Cammesa, the state-owned power wholesaler, has sent a memo to big power consumers to reveal whether they...
Bitcoin holdings of public companies have surged in 2021
3.1.2022
The amount of BTC held by public companies has gained significant market share from that held in spot ETFs since Microstrategy’s “Bitcoin for Corporations” conference during Feb 2021
Sberbank Launches First Blockchain ETF in Russia
2.1.2022
Russian banking giant Sberbank has presented the country’s first exchange-traded fund (ETF) giving investors access to the blockchain space. The new instrument holds securities of companies dealing with cryptocurrencies and the technologies that underpin them. Sberbank Introduces...
Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners
31.12.2021
The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down...