FLOW latest price rally has turned it into an “overbought” asset, which could amount to an imminent correction. Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram’s nonfungible token (NFT) features. Insta-made FLOW rally Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Mark Zuckerberg’s company, which posted a sharp loss in its Metaverse division in Q2, unveiled its digital asset expansion strategy on May 10, 2022. According to a Meta newsroom post updated on Thursday, the Mark Zuckerberg-led company has begun its nonfungible token (NFT) expansion across 100 countries in Africa, the Asia-Pacific, the Middle East and…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Three Arrows ‘Mess’ & Babel’s Losses, Ethereum’s Testnet, Bitcoin’s Defense, NFT ETF Zone + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly due to research and development costs…
Read more
Meta joined Alphabet and Microsoft in releasing disappointing quarterly financials, following the company’s Q2 earnings call. In a week of a disappointment for mega-cap stocks, the trio has all missed revenue and earnings expectations, with Meta seeing its first quarterly sales decline ever recorded. Economic Slowdown Due to the current global economic slowdown, markets had…
Read more
Facebook’s parent company Meta and tech giant Apple are locked in a “very deep, philosophical competition” to build the metaverse, with each business trying to determine “what direction the internet should go in,” the social media platform’s founder and CEO Mark Zuckerberg reportedly said. Meanwhile, a regulator is concerned about “Meta’s virtual reality empire.”……
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Bitcoin Pops Above USD 24K, Coinbase On Its Exposure to Celsius, 3AC, Voyager & Terra, ZIPMEX Zips Withdrawals + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10% of its staff less than two months…
Read more
Ethereum Co-Founder Vitalik Buterin Criticizes Corporate Metaverse Attempts — ‘Anything Facebook Creates Now Will Misfire’
On Saturday, the co-founder of Ethereum, Vitalik Buterin, took to Twitter and gave his perspective on the “existing corporate attempts to create the metaverse.” Buterin noted that a metaverse will happen, but he doesnt believe the current corporate metaverse attempts are going anywhere. Ethereum’s Vitalik Buterin Shares His Thoughts on Existing Corporate Metaverse Attempts …
Read more