Business

Although Mike Novogratz believes that fraudulent players in the crypto industry deserve punishment from regulators, he is appalled by the demonization of entire blockchain technology.

Disney is retreating from its metaverse strategy. After announcing 5,5 billion cutbacks, the company plans to axe headcount by up to 7,000.

The regulator was reported by Reuters to demand that prospective Signature buyers cease all crypto-related activities at the bank.

The bank of choice for Silicon Valley's venture-backed startups was shut down by the California Department of Financial Protection and Innovation, FDIC takes control of insured deposits.

Press Secretary Karine Jean-Pierre assured that the White House is aware of the situation at Silvergate Bank (SI), but declined to comment further on the matter.

Shares of troubled crypto bank Silvergate (SI) plunged more than 40% Thursday morning after the company revealed new losses and further delayed its annual 10-K report.

The UAE is launching the world's first free-trade zone to support Web3 companies in the Ras Al Khaimah emirate.

The country in Northern Europe has become the world's largest producer of Bitcoin hashrate per capita, owing to particularly advantageous geographical conditions for Bitcoin mining.

Hong Kong is on track to become a crypto hub, with the mainland authorities giving the nod to these aspirations. The city has just released an initial plan to allow retail access to cryptocurrency.