Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022
The social media giant reported losing $4.3 billion in the division in the fourth quarter of 2022 on revenues of $727 million.
Stargate to Reissue STG Tokens Following Alameda Wallet Hack
The price of STG token rose 14% following news that the token would be reissued in March.
AI Company Co-Founder Addresses Ethics of Tom Cruise ‘Deepfake’ Videos
Tom Graham, founder of AI software company Metaphysic, says blockchain technology may potentially help people create digital rights.
Banking Startup LevelField Aims to Become First FDIC-Insured Institution to Offer Crypto Services
LevelField inched closer to its goal of offering both traditional and crypto banking services following its acquisition of the FDIC-insured Burling Bank.
Bitcoin Blasts Through $23.5K as Powell Speaks Following Fed Rate Hike
The U.S. central bank earlier Wednesday lifted its benchmark interest rate 25 basis points.
Coinbase NFT Pauses New Collection Drops, Denies Shuttering Marketplace
Amid rumors swirling on Twitter, the company confirmed it’s temporarily halting its drops feature to focus on “features and tools” for its NFT marketplace.
Decentralized Social Media Project Nostr’s Damus Gets Listed on Apple App Store
Former Twitter CEO Jack Dorsey has donated roughly 14 BTC worth $245,000 to fund Nostr’s development, after recently publishing his views on a native internet protocol for social media.
Judge Dismisses Proposed Class-Action Lawsuit Alleging Coinbase Sold Unregistered Securities
The suit also accused Coinbase of failing to register as a broker dealer.
Federal Reserve Lifts Interest Rates Another 25 Basis Points
The bitcoin price was TKTK in the minutes following the announcement.
US Blacklists Bitcoin, Ether Addresses Tied to Russian Sanctions-Evasion Efforts
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), its sanctions watchdog, has blacklisted a bitcoin and an ether address tied to sanctions evasion.