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According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse … Read more
His Majesty’s Treasury published a long-anticipated consultation paper for the upcoming crypto regulation. Go to Source Powered by WPeMatico
The Nigerian central bank has outlined key focus areas for its national payments system in a two-year roadmap leading up to 2025. Go to Source Powered by WPeMatico
The necessity to create a legal framework for stablecoins is marked in the latest Central Bank of Nigeria strategy paper. Go to Source Powered by WPeMatico
The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at the time. U.S. Securities Regulator Accuses Thor Technologies’ Management of … Read more
Thor Technologies got a lump of coal in its Christmas stocking from the SEC in the form of charges relating to the ICO for its Thor Token that failed a year later. Go to Source Powered by WPeMatico
The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro agreed with SEC that the project’s native asset LBC was considered an investment contract or a transferable share representing a certificate of interest. On Twitter, LBRY … Read more
Josipa Majic explains what she and her partners did to build a crypto company at a time when investors were fleeing the space. Go to Source Powered by WPeMatico
A Korean translation of the EU regulatory framework gave the Bank of Korea food for thought, and it shared its views on ICOs, stablecoins and protecting innovation. Go to Source Powered by WPeMatico
The commission said it would be seeking “permanent injunctions, disgorgement with prejudgment interest, civil penalties against and conduct-based injunctions.” Go to Source Powered by WPeMatico
