Meta’s recent decision to cancel the development of its next-generation mixed-reality headset has sent shockwaves through the tech community. The once highly anticipated device, hailed as a direct competitor to Apple’s Vision Pro, was abruptly thrown under the bus during a product review meeting led by CEO Mark Zuckerberg and other executives. The high costs
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Sony Blockchain Solutions Labs, in collaboration with Startale labs, has unveiled their latest project – a blockchain platform named Soneium. The primary objective behind Soneium is to bridge the gap between Web3 and Web2, making blockchain technology more user-friendly and accessible to the masses. This initiative aims to provide a solution that is not only
Ryan Salame, a former FTX executive, is currently entangled in a legal battle with the US government over his guilty plea. He claims that his plea was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has vehemently opposed Salame’s allegations, calling them “demonstrably false”
The US Securities and Exchange Commission (SEC) recently filed settled charges against Abra, a crypto lending firm, for failing to register its crypto asset lending product, Abra Earn. The SEC also brought charges against Plutus Lending LLC, the owner of Abra, for operating as an unregistered investment company. Stacy Bogert, Associate Director of the SEC’s
In recent years, France has emerged as a prominent base for leading cryptocurrency businesses. Companies such as Binance, Crypto.com, and Circle have all established their European headquarters in Paris. This shift can be attributed to the country’s advantageous tax rates, access to a diverse pool of talent from across Europe, and a thriving culture of
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was sentenced to 293 months in federal prison for embezzling a staggering $47.1 million in a cryptocurrency fraud scheme. Hanes executed 11 unauthorized wire transfers between May and July 2023, diverting millions of dollars from the bank’s funds to a cryptocurrency wallet in a scheme
Bitcoin ETFs have been gaining significant traction in the market, with more than $500 million being allocated to the largest US-based products in the last trading week. Despite a rough start to the month, where these ETFs lost over $550 million in just three days, they have managed to bounce back and attract substantial investments.
The Cardano (ADA) community is abuzz with excitement as the highly anticipated Chang hard fork approaches. Intersect, a member-based organization for the Cardano ecosystem, recently provided comprehensive details and updates regarding the upcoming upgrade. The organization revealed that preparations for the Chang hard fork are nearing completion, with a target date set for Tuesday, August
Ethereum (ETH) seems to have weathered the storm, with indicators pointing to a potential turnaround for the second-largest cryptocurrency by market cap. According to data from Glassnode, Ethereum’s Market Value to Realized Value (MVRV) lowest pricing level is at $1,687, suggesting that the bottom may already be in for the digital asset. This metric provides
Recently, crypto analyst @XForceGlobal has shared a video chart analysis focusing on Cardano (ADA), a cryptocurrency that has been labeled as a “dinosaur coin” by many in the current market. The analysis provided an in-depth look at Cardano’s position within the Elliott Wave cycle, suggesting that ADA is on the brink of entering a strong