Fed demands Voyager remove 'false' claims deposits are FDIC insured
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Fed demands Voyager remove ‘false’ claims deposits are FDIC insured

Cypto lender Voyager Digital has been directed to remove “false and misleading” statements that its user’s deposit accounts are FDIC insured. In a joint letter written on July 28 by Seth Rosebrockfrom & Jason Gonzalez, Assistant General Counsel at the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) to Voyager Digital, the authors said the representations “likely misled and…

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Reality Labs Unit Registers $2.8 Billion Losses During Q2 – Metaverse Bitcoin News

Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly due to research and development costs associated with metaverse and VR…

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IMF Warns of Further Crypto Selloffs and More Coins Failing
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IMF Warns of Further Crypto Selloffs and More Coins Failing – Markets and Prices Bitcoin News

A director with the International Monetary Fund (IMF) has warned of further selloffs in both crypto assets and equities. He further warned that more crypto tokens could fail. IMF Foresees More Crypto Selling Pressure Tobias Adrian, director of Monetary and Capital Markets for the International Monetary Fund (IMF), warned about further selling pressure in the crypto market and more crypto…

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Fed, FDIC Order Voyager to Stop 'False and Misleading' Insurance Claims
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Fed, FDIC Order Voyager to Stop ‘False and Misleading’ Insurance Claims

U.S. banking regulators from the Federal Reserve and Federal Deposit Insurance Corporation issued a cease and desist order to embattled crypto firm Voyager Digital on Thursday. The agencies accuse Voyager of making “false and misleading” claims in telling customers their funds were insured by the government. On July 8, the FDIC announced a probe into Voyager’s claims of being FDIC…

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City of Miami to Launch 5,000 Ethereum NFTs with TIME, Mastercard, Salesforce
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City of Miami to Launch 5,000 Ethereum NFTs with TIME, Mastercard, Salesforce

Miami is making NFTs. The city of Miami’s Mayor Francis X. Suarez shared plans Thursday to release 5,000 Ethereum NFTs later this year. Miami is partnering with TIME magazine publisher Time USA, Mastercard, and Salesforce to make it happen. The NFTs—unique blockchain tokens that signify ownership—are being designed by 56 different Miami artists “representing the city’s 56 square mile area,”…

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