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August 2022

Singapore’s Central Bank Asks Crypto Firms to Submit Business Data: Report

Singapore’s Central Bank Asks Crypto Firms to Submit Business Data: Report

The move comes as the central bank is looking to bring in more safeguards for retail customers and a stablecoin regulation. The Monetary Authority of Singapore (MAS), the country’s central bank, has asked some digital asset firm to submit data about their business activity, Bloomberg reported, citing people with knowledge of the matter. The central bank is […]

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NEW YORK DIGITAL INVESTMENT GROUP ANNOUNCES LIGHTNING ACCELERATOR PROJECT CALLED “IN WOLF’S CLOTHING”

NEW YORK DIGITAL INVESTMENT GROUP ANNOUNCES LIGHTNING ACCELERATOR PROJECT CALLED “IN WOLF’S CLOTHING”

The Lightning accelerator, Wolf, will be based in Manhattan, New York and is exclusively non-remote. It will include mentorship, funding and work space. On August 26, 2022, Ross Stevens, CEO of Stone Ridge Holdings Group and executive director of the New York Digital Investments Group (NYDIG) subsidiary, made an impromptu appearance at BitBlockBoom in Austin,

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A key leader for Meta’s metaverse software is leaving the company

A key leader for Meta’s metaverse software is leaving the company

KEY POINTS Vivek Sharma has been with Meta for six years and was most recently its vice president of Horizon. Sharma’s team will now report directly to Meta’s VP of metaverse, Vishal Shah. Facebook parent Meta plans to debut a new VR headset in October. The vice president of Meta’s Horizon social media virtual reality

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FTX Denies Rumours of Merging between Alameda Research and FTX VC

FTX Denies Rumours of Merging between Alameda Research and FTX VC

Sam Bankman-Fried, founder and CEO of cryptocurrency exchange FTX, has denied reports that his two companies, FTX ventures and Alameda Research, are merging venture capital operations. The news comes after Sam Trabucco, co-CEO of crypto asset fund Alameda Research, announced on Twitter on Aug. 25 that he would be stepping down from his leadership role. Caroline Ellison

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Bitcoin’s Hashrate Skyrockets, Block Intervals Suggest a ‘Notable’ Difficulty Increase Is in the Cards

Bitcoin’s Hashrate Skyrockets, Block Intervals Suggest a ‘Notable’ Difficulty Increase Is in the Cards

While bitcoin prices hover just below the $22K mark, the leading crypto asset has still shed more than 9% against the U.S. dollar during the last two weeks. Despite the lower prices, Bitcoin’s hashrate has jumped significantly in recent times and block intervals have sped up a great deal. The trend suggests that when the

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Latest Lamborghini NFT Is A Supercar Road Trip Through Space

Latest Lamborghini NFT Is A Supercar Road Trip Through Space

Latest Lamborghini NFT Is A Supercar Road Trip Through Space Lamborghini moves forward with its venture into the world of non-fungible tokens (NFTs). Called “The Epic Road Trip,” the program runs for eight months and was conceptualized in collaboration with NFT PRO and INVNT.ATOM. While collecting NFTs is already a profitable activity in itself, collecting

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Esports, Web3 Firm Ampverse Expands into the Philippines

Esports, Web3 Firm Ampverse Expands into the Philippines

Esports and Web3 company Ampverse has expanded into the Philippines, making it the fifth market. With the expansion, Ampverse plans to invest more than 100 million pesos in the Southeast Asian country’s local gaming and esports ecosystem. The investment will focus on boosting esports, talent, commerce, and Web3. Ferdinand Gutierrez, CEO of Ampverse, said, “the

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It is not the right moment to look for Meta stock deals right now

It is not the right moment to look for Meta stock deals right now

It is not the right moment to look for Meta stock deals right now After slumping in the first half of 2022, Meta Platforms is destined to bounce back in the long run. The latest stock market correction has adversely affected even the most dominant tech companies. Shares of social media titan Meta Platforms (META -2.93%) have tanked 51%

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Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises

Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises

The exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has plunged 35.51% against the U.S. dollar this week as a result of various factors, reaching 8.70 bolivars per U.S. dollar. According to economists, this will cause an increase in prices in the near future, with the exchange rate predicted to

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