Kakao and Com2uS Downsizing Metaverse Teams Amid First-Half Losses
South Korea's top internet company, Kakao, and leading game developer, Com2uS, are reportedly downsizing their metaverse teams due to significant losses incurred by their virtual world platforms in the first half of 2023. Here are some key points: Com2uS, a major mobile game developer w ...
Failed Attempt to Steal Crypto Machine in Texas Ends in Arrests
The neural network will approve credit lines And assess customer sentiment and more Payment giant American Express (Amex) plans to implement artificial intelligence for its operations. Neural networks will check transactions, approve credit limits, assess cust ...
Failed Attempt to Steal Crypto Machine Ends in Arrests in Texas
According to local media reports citing law enforcement, seven people were arrested in Texas after a failed attempt to steal a crypto machine. Houston police said a group of intruders used a stolen truck, crashing it into a local store. Surveillance cameras showed several ...
CertiK Reports Over $103 Million in Cryptocurrency Stolen in April
CertiK, a cybersecurity and auditing firm, says more than $103 million was stolen from cryptocurrency projects during April as a result of hacking attacks. CertiK specialists tweeted a report on exploits, fraud and hacks on cryptocurrency platforms. Since the beginning of ...
BeInCrypto’s Top List of Altcoins That Suffered the Most Losses During April 14-21
The BeInCrypto editorial staff compiled the top list of altcoins that suffered the most losses during the week of April 14-21 The week of April 14-21 did not favor altcoins due to the overall crypto market drawdown. The BeInCrypto editorial staff has compiled a top list of altcoins that suffer ...
American Giant Meta Plans New Rounds of Layoffs Amid Metaverse Development
The American company known as Meta* (which has been deemed extremist by the Russian government and therefore banned in the country) is reportedly preparing to implement additional rounds of layoffs. The Wall Street Journal (WSJ) reported on this development, citing anonymous sources within the co ...
Cryptocurrency traders lose $259.8 million in a day after Fed rate announcement
According to data from the Coinglass analytical platform, traders lost a staggering $259.8 million in just a single day due to the fluctuation in cryptocurrency rates. On March 22, the value of bitcoin rose to nearly $29,000, but after the US Federal Reserve System (FRS) announced an increase in ...
Silicon Valley Bank CEO and CFO face class-action lawsuit over alleged abuse of power
The CEO and CFO of Silicon Valley Bank, Greg Becker and Daniel Beck, respectively, are facing legal action from shareholders who allege abuse of power. The group of shareholders filed a class-action lawsuit against the bank and its top executives in a federal court in California. According to ...