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 […]
Artist Damien Hirst will burn 4,851 artworks in NFT project
Damien Hirst, reputedly the wealthiest living artist in the UK, plans to burn hundreds of his works as part of “The Currency,” a one-year non-fungible token (NFT) initiative. The NFT version was preferred by nearly half of the purchasers of Hirst’s “The Currency” collection. Visitors to Hirst’s private London museum will be able to see […]
Japanese crypto group demand that paper gains no longer be taxed
Leading crypto advocacy organizations in Japan want to present a proposal to the country’s financial regulatory body to address its high crypto taxes, which, according to experts, reduce Japan’s competitiveness as a center for the cryptocurrency industry. According to Danny Talwar of the crypto tax platform Koinly , the legislative framework in Japan makes it […]