Crypto news

Mark Zuckerberg’s Metaverse bid proved costly for the company amidst a persistent bear market as Reality Labs lost $13.7 billion in 2022. According to Meta’s earnings release, the company’s metaverse arm recorded an operating loss of $4.28 billion in the fourth quarter, dragging down its total for the year. Facebook was rebranded as Meta in the fall of 2021 as Zuckerberg doubled down on efforts to create a digital universe where people can work, shop, play, and learn....

Roger Ferguson – former vice chairman of the Federal Reserve – has offered his analysis of the central bank’s latest interest rate hike and the press conference that followed on Wednesday..  Ferguson believes that the Fed and the market do not agree on what the central bank will do next. The latter, he claims, is betting that the former will be forced to reverse its rate hikes sooner than it expects.  Is the Pivot Coming? Speaking to CNBC on Thursday, the former vice chair...

Ray Dalio – founder of Bridgewater Associates – doubts Bitcoin’s ability to work as money, and thinks it receives outsized attention compared to the size of its market cap.  That said, the billionaire believes the existing monetary system is “in jeopardy,” due to excessive money printing by central banks globally.   Bitcoin: Not Related to Anything In an interview with CNBC’s Squawk Box on Thursday, Dalio said that while Bitcoin has accomplished “amazing” things over the past...

OP – the governance token of Ethereum layer 2 scaling solution Optimism – surged by more than 30% over the past 24 hours from $2.23 to $2.92, hitting a fresh all-time high. The price action comes after Optimism Foundation released a proposal regarding upgrading the Optimism mainnet to Bedrock. The proposal stated that the upgrade seeks to provide a “new level of modularity, simplicity, and Ethereum equivalence for Layer 2 solutions, providing unprecedented performance and...

Crypto broker Voyager – which was one of many crypto firms to enter bankruptcy proceedings in 2022 – has been given approval by a court to sell some of its assets to Binance (a larger crypto exchange and its primary competitor) for about $1 billion. Voyager Can Sell Its Assets to the Exchange The goal is to get back at least some of the money owed to customers. Several clients saw their money tied up in the crypto platform once the bankruptcy process began. Since that...

[PRESS RELEASE – Please Read Disclaimer] CryptoGames, a leading cryptocurrency-based online gaming platform, has recently announced the addition of Binance Coin (BNB) as a payment option. This is great news for the platform’s users who can now enjoy seamless transactions with their Binance Coin wallets. The integration of Binance Coin will not only offer faster and more secure transactions, but it will also reduce the fees for users. With Binance Coin, CryptoGames users can...

Mark Wahlberg’s production company – Urealistic Ideas – reportedly partnered with the media outlet – Fortune – to release a documentary revealing the controversial relationship between Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ). The FTX crash caused a clash between the two, who accused each other of the catastrophic event. Making a Movie out of the Saga According to The Hollywood Reporter, broad society might soon watch a documentary depicting the spat between FTX’s...

[PRESS RELEASE – Please Read Disclaimer] Bitget continues to make copy trading more accessible to cryptocurrency enthusiasts. Their new One-Click Copy Trading product, helps novice users take cues from experienced traders. Leading cryptocurrency exchange Bitget has built strong momentum by supporting cryptotrading. As a result, users can trade cryptocurrency in a secure environment and benefit from 24/7 multilingual customer service, among other benefits. Bitget was the first...

Representatives of the now fallen crypto exchange FTX say the company has uncovered about $5 billion in new assets which consist of crypto, cash, and liquid investment securities. FTX Has Found About $5 Billion in Assets The firm will put this money towards paying the many debts it now owes and to alleviating the needs of its creditors. Notice of the assets was released to the public by the exchange’s head lawyer Adam Landis. Last December, executives of FTX claimed to...

[PRESS RELEASE – Seattle, Washington, 1st February 2023] Peer today announced the hiring of a specialist team of engineers from Zenly to develop its AI-powered 3D maps. The team, known in tech circles by its codename “Wonka,” developed Zenly’s innovative 3D social maps platform that grew to more than 160 million downloads worldwide and 35 million daily active users in 2022. “Zenly users adored its polished and delightful features,” explained Tony Tran, Founder & CEO of...