El Salvador’s Bitcoin Dream Faces Harsh Reality Check in 2023
Remittances to El Salvador sent in crypto have plummeted from $70 million in 2022 to just $8 million in 2023,...
VanEck CEO Reveals Key Challenges in Tokenizing Real-World Assets
Tokenization promises increased liquidity and fractional ownership for real-world assets, but major hurdles remain. Liquidity requires sophisticated market-making. Simply tokenizing...
Microsoft Outperforms Revenue Predictions Amidst Ongoing Layoffs
Azure cloud revenue grew 30% year-over-year, exceeding expectations and continuing to drive Microsoft's growth. Microsoft closed its $68.7 billion acquisition...
Citibank Sued by NY Attorney General for Failing Fraud Victims
New York Attorney General filed lawsuit against Citibank for failing to protect customers from online banking fraud and refusing to...
X Acquires Money Transmitter License in Nevada and Nebraska
X Payments LLC has received a money transmitter license from Nevada, becoming the 18th state to grant approval for X...
Tech Giants are Cutting Thousands of Employees in 2024 and Big Money Loves It
Major tech firms like Google, Meta, and Microsoft are continuing layoffs in 2023 despite strong earnings, cutting around 25,000 jobs...
Tencent Sets Sights on AI Dominance Amid Gaming Revenue Slump
Tencent, China's most valuable tech company, is shifting focus to AI as gaming revenue declines after long dominating China's gaming...
PayPal Slashes 9% of Workforce Amidst Rising Market Challenges
PayPal is cutting around 2,500 jobs, or about 9% of its workforce, under new CEO Alex Chriss as the company...
Activision Blizzard Laid Off 83% of its Esports Division: Here is Why
Activision Blizzard gutted its esports division, laying off 60 of 72 employees just 2 days after a successful Call of...
Magic Internet Money Stablecoin Depegs Amidst $6.5M Hack
Popular DeFi protocol Abracadabra was exploited this week in an attack that caused its stablecoin, Magic Internet Money (MIM), to...