The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The network continues along every block just fine but the mean hash rate has suffered a decent hit over the last…
press release PRESS RELEASE. Pocket Network, a decentralized Web3 infrastructure provider that services blockchain data requests for applications and developers, is implementing key protocol changes after its community DAO voters rallied to boost network efficiency and bring costs down. As of late June, the Pocket DAO has passed two proposals with significant impacts on the incentive structure for nodes participating…
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the U.S. Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase. Michael Burry on SEC Investigating Crypto Listings on Coinbase Famous investor and founder of investment firm Scion Asset Management, Michael Burry, briefly commented…
Meta’s titular division just took another blow. The social media giant disclosed this afternoon that its metaverse-specific division suffered losses of $2.81 billion this quarter. That puts the division’s year-to-date losses at an eye-popping $5.77 billion. The division, Facebook Reality Labs (FRL), is distinct from Facebook, Instagram, Messenger, and Whatsapp, and focuses on building the hardware, software, and content central…
In brief The FTC has filed suit to block Meta’s purchase of VR fitness app maker, Within. Beyond competition in the VR fitness space, the agency is also concerned about Meta’s plans for the budding metaverse. Meta’s plan to purchase VR app maker Within might be scuttled, as the United States Federal Trade Commission (FTC) today sued the company to…
The United States Federal Trade Commission, or FTC, has filed a lawsuit against Meta and CEO Mark Zuckerberg in an attempt to stop the social media giant from “its ultimate goal of owning the entire ‘metaverse’.” In a complaint filed in the Northern District of California on Wednesday, the FTC alleged Meta’s and Zuckerberg’s potential acquisition of virtual reality firm…
Russia could be a large player in the crypto mining space, experts in the field have established in research naming the most attractive regions for coin minting operations in the country. The capital Moscow is among the popular mining destinations alongside the places offering the cheapest power. Cost of Electricity, Logistics Determine Russian Miners’ Choice of Location for Crypto Farms…
In this week’s newsletter, read about how game developer Square Enix plans to launch Final Fantasy VII digital collectibles. Check out the new Open Metaverse Alliance for Web3 and how NFT sales will fund artwork restoration efforts in Ukraine. In other news, you can learn about how an NFT of a falling man was removed in the GameStop marketplace following…
Madonna is upset about a certain rainbow-toothed Ape. Bored Ape #3756 is currently listed on OpenSea for an eye-watering 800.69 ETH, roughly $1.27 million. The superstar told Variety she’s been pining over that Bored Ape Yacht Club NFT, which has “trippy” fur, an “S&M” hat, a motorcycle jacket, and rainbow teeth. “I was hellbent on getting an Ape and really…
A Solana-themed store is set to open its doors in New York City. Called Solana Spaces, the new store is located in Hudson Yards and is being launched in collaboration with the Solana Foundation, the organization behind the eponymous blockchain network. Crypto companies and Web3 brands have been steadily making inroads into mainstream culture, with celebrities like Tom Brady, Steve…
