The marketing landscape has shifted in the past few years and is ready for upheaval in the coming few years. Stringent regulations, the retirement of third-party cookies, privacy-conscious Gen Z, etc., will increase customer acquisition costs (CAC). The average CMO will likely shift dollars to pay a premium for higher-quality, zero-party data and to drive higher consumer engagement. Amid this…
Former FTX CEO Sam Bankman Fried’s lawyers have requested for a pre-trial release citing a lack of adequate internet connectivity in the federal jail. SBF’s legal team argued that poor internet connection is a hindrance in their defence preparation and leads to a loss of time. The court filing dated Sept. 8 was the second such request for pre-trial release…
Despite cooling interest in the metaverse, Animoca Brands has closed a $20 million funding round, primarily targeting the introduction of metaverse project The Mocaverse. Central to this metaverse is a set of 8,888 non-transferable NFTs, which offer exclusive access to the platform. “The Mocaverse is a project that brings together the whole Animoca Brands ecosystem: shareholders, investee companies, team members,…
The gaming and Web3 company Animoca Brands announced on Sept. 11 the closing of a funding round to accelerate the development of its Mocaverse platform. Animoca raised $20 million in an effort to push forward its goal of building out the “Mocaverse” project to be the identity and point system for Web3 gaming, culture and entertainment. Yat Siu, the co-founder…
Ethereum transaction fees have slipped toward 2022 lows, data from Coin Metrics shows, amid a drop in on-chain activity from NFT sales, meme coin trading, and Telegram bots subsides. The average fee for transfers on Ethereum now stands at $1.83, while the cost of token exchange via Uniswap is approximately $4.17, per Etherscan data—levels not seen since November last year…
Steve Kokinos has been proposed as CEO for the company buying Celsius, according to court filings. The former Algorand CEO—who stepped down from that role in July 2022—is among nine names appointed to the board of the appropriately-named Fahrenheit Holdings. Other well-known names include Michael Arrington, who founded his eponymous crypto hedge fund Arrington Capital after being an early investor…
Binance regional markets head Richard Teng insists that the global cryptocurrency exchange is financially secure and in no way similar to bankrupt peer FTX despite recent regulatory scrutiny and regional challenges, Speaking exclusively to Cointelegraph Magazine editor Andrew Fenton in Singapore ahead of the 2023 Token2049 conference, Teng addressed a variety of different challenges being faced by Binance’s regional arms…
India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could result in legal legislation in the next 5-6 months. Siddharth Sogani, the CEO of CREBACO that has worked with government agencies and ministries, told Cointelegraph that the Indian government is working on a…
Meta, the parent company to social media platforms Facebook and Instagram, says it’s developing a new artificial intelligence (AI) that will rival the most advanced model from OpenAI, according to a Wall Street Journal exclusive. WSJ reported that individuals familiar with the matter said Meta aims for the new AI model to be “several times” more powerful than its Llama…
Bitcoin (BTC) begins a key macro week in a weak place as 2023 BTC action begins to look like a “double top.” After a disappointing weekly close below $26,000, BTC/USD is struggling to catch a bid amid a return to low volatility. Analysts, already predicting downside, continue to forecast new local lows, and liquidity conditions are increasingly supporting their argument.…
