Meta’s recent decision to cancel the development of their next-generation mixed-reality headset has sent shockwaves through the tech community. CEO Mark Zuckerberg and other executives made the call after a product review meeting where it became apparent that the project was no longer sustainable. The high costs associated with advanced OLED display technology played a
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The recent filing of settled charges by the US Securities and Exchange Commission (SEC) against crypto lending firm Abra has sent shockwaves through the industry. The SEC alleged that Abra failed to register its crypto asset lending product, Abra Earn, and also charged Abra’s owner, Plutus Lending LLC, for operating as an unregistered investment company.
The US government has recently responded to former FTX executive Ryan Salame’s attempt to void his guilty plea, which he believes was based on false promises made by prosecutors regarding the investigation of his partner, Michelle Bond. The US Attorney’s Office refuted Salame’s allegations, calling them “demonstrably false” and emphasizing that the charges against Bond
In recent years, France has seen a surge in crypto businesses making it their base in Europe. The country offered favorable tax rates, a talented pool of individuals, and a strong sense of innovation in the Web3 space. Additionally, France was quick to adopt clear regulations for the crypto sector, making it an attractive location
Recently, a former Kansas bank executive, Shan Hanes, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes, the former CEO of Heartland Tri-State Bank (HTSB), pleaded guilty to one count of embezzlement by a bank officer. Shockingly, court documents revealed that Hanes executed 11 unauthorized wire
The Cardano (ADA) community is buzzing with excitement as the highly anticipated Chang hard fork is on the verge of launching. Recently, ADA, the native token of the Cardano ecosystem, has seen a remarkable surge of over 52% in key metrics, leaving investors eagerly awaiting the upcoming upgrade. Intersect, a member-based organization dedicated to the
The past trading week has been nothing short of impressive for Bitcoin ETFs, with over $500 million flowing into the largest US-based products. Despite a rough start at the beginning of the month, where losses of over $550 million were recorded in just three days, both the inflows and the cryptocurrency’s price began to recover
The recent data from onchain analytics platform Glassnode indicates that Ethereum (ETH) may have already hit its lowest pricing level, suggesting that the crypto token is on its way to a new all-time high (ATH). The market value to realized value (MVRV) metric for Ethereum is currently at $1,687, signaling that the bottom may be
Cardano, one of the most talked-about cryptocurrencies in the market, has made an announcement regarding the delay of its highly anticipated Chang hardfork. This unexpected news has stirred up discussions in the crypto community and has raised questions about the reasons behind this decision. According to the latest update, Cardano’s founder, Charles Hoskinson, confirmed the
In the wake of Pavel Durov’s controversial arrest in France, a wave of support from celebrities and well-known public figures has emerged. Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson are among those who have voiced their support for the Telegram CEO. The arrest, reportedly linked to moderation issues with the messaging app