FTC sues Meta for attempting to monopolize the metaverse
In an effort to prevent the social media behemoth from achieving “its ultimate aim of dominating the whole “metaverse,” the Federal Trade Commission (FTC) of the United States has launched a lawsuit against Meta and CEO Mark Zuckerberg. Meta was previously sued by a government agency in 2020 for suspected “anticompetitive behavior” in its purchases […]
Bitcoin critics remain optimistic about the future of digital assets
Although he has reservations about Bitcoin architecture, a finance professor remains optimistic about the direction that digital assets may go in the future. Bitcoin (BTC) is far from being ideal by design, according to a finance expert at the London School of Economics, but it’s impossible to see a world without digital assets (LSE). Igor […]
Zuckerberg unfazed by $2.8B Q2 metaverse loss
Mark Zuckerberg shows his unwavering commitment as he believes this project will undoubtedly be highly expensive in the next years. Reality Labs, the part of Meta that specializes in virtual reality (VR) and the metaverse, has reported losses for the seventh consecutive quarter, but CEO Mark Zuckerberg is unwavering in his commitment to investing in […]
IMF director predicts difficulties for algorithmic stablecoins
Tobias Adrian, director of the IMF, thinks that algorithmic stablecoins are too risky for holders and may see additional sell-offs. In the midst of the continuing crypto winter, the director of capital markets at the International Monetary Fund (IMF) predicts that there may be other “coin offers” that fail, including algorithmic stablecoins. Tobias Adrian, the […]
Criticism of Helium’s $6.5K monthly earnings sparks controversy
A heated discussion about the company’s long-term prospects has resulted from a recent critique of the Helium blockchain project by novelist and businessman Liron Shapira. According to Web3 critic Liron Shapira, the “total lack of end-user interest for Helium should not have come as a surprise.” The Internet of Things (IoT) blockchain Helium, which was […]