Polygon Labs has laid off 19% of its team, reducing operational efficiency. CEO Marc Boiron emphasized the decision for agility in the blockchain sector. The company also announced a 15% compensation increase and Polygon ID project spin-off. Polygon Labs, the development team behind the innovative layer-2 blockchain network Polygon, recently announced a significant reduction in … Read more
FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community. FTX, once a leading name in the cryptocurrency exchange world, faced a tumultuous downfall … Read more
German authorities seized 50,000 Bitcoins linked to a piracy website, with suspects transferring the digital currency to police wallets, causing uncertainty in cryptocurrency enforcement. German authorities have seized a record-breaking amount of Bitcoin, valued at approximately €2 billion ($2.17 billion). This event, involving the Saxony State Criminal Police Office and other German law enforcement agencies, … Read more
The news industry faces declining advertising revenue, declining subscriber growth, and AI-driven disruptions, necessitating strategic shifts and legal disputes to adapt to digital advertising trends. News organizations are currently navigating a challenging landscape marked by financial setbacks and evolving technological dynamics. The decline in online advertising revenue and subscriber growth, coupled with legal disputes over … Read more
Representative Joe Morelle introduces the Preventing Deepfakes of Intimate Images Act, a bipartisan legislation criminalizing the creation and distribution of non-consensual deepfake pornography, primarily affecting women and girls. U.S. Representative Joe Morelle has taken a step to combat the spread of deepfake pornography by introducing the Preventing Deepfakes of Intimate Images Act, HR 3106. This … Read more
The US FTC is conducting a thorough investigation into the partnerships and investments between tech giants like Alphabet, Amazon, Microsoft, and AI startups like OpenAI and Anthropic, focusing on their impact on market competition and innovation. The U.S. Federal Trade Commission (FTC) has initiated a significant investigation into the relationships between major tech giants and … Read more
Axiom, a smart contract platform, has successfully secured $20 million in a Series A funding round, according to official blog. The funding round was led by prominent crypto-focused venture firms Paradigm and Standard Crypto, with additional investments from Robot Ventures and Ethereal Ventures. This milestone marks a crucial step in Axiom’s mission to revolutionize the … Read more
The Securities and Futures Commission (SFC) of Hong Kong recently released its Strategic Priorities for the years 2024 to 2026. This document outlines a comprehensive strategy aimed at advancing Hong Kong’s securities markets, mitigating risks, and enhancing investor protection against the backdrop of a dynamic global financial landscape. Key Focus Areas The SFC’s strategic plan … Read more
What way are women like the computers we have at home. Before you read any further, please note that this is not a piece out to damage or cut down the important role of women in our society. Read below only as humour and nothing more. These are intended solely for a good laugh. Women … Read more
Dinari, a blockchain-based securities investment platform, recently announced a significant milestone in its journey, securing $10 million in seed funding during the fourth quarter of 2023. This substantial investment round saw participation from notable entities such as 500 Global, Balaji Srinivasan, Alchemy Platform, Version One Ventures, and Sancus Ventures, among others. This financial injection is … Read more