During a recent earnings call, Meta chief financial officer Susan Li said the company expects Reality Labs’ losses to “increase meaningfully year-over-year.” Read more »
The firm’s CEO Chris Amani says bankruptcy protections could help appeal the suit brought against it by the SEC, effectively eliminating “the single largest claim against it.” Read more »
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories... Read more »
FTX is seeking the cancellation of agreements made days before it collapsed, as well as the return of millions transferred to LayerZero Labs and its affiliates. Read more »
With Daniel Alegre on board, Yuga Labs is expected to ramp up its metaverse efforts. Previously, he held leadership positions at Google, Activision Blizzard, and Bertelsmann. Read more »
Coinbase’s Wells notice hints at enforcement action on the horizon, Terraform Labs CEO Do Kwon arrested in Montenegro and FTX seeks to sell $95 million in Mysten Labs stocks. Read more »
“We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities,” said SEC chair Gary Gensler. Read more »
Aronow said he will still be contributing as a board member and strategic advisor. However, his priority will be to get the best medical treatment he can to make a full recovery. Read more »
Over 40 people and companies are named as defendants in the lawsuit, including Paris Hilton, Snoop Dog, Jimmy Fallon, Justin Bieber, Madonna. Read more »
As part of Delphi Digital’s research into major ecosystems to find a new focus for its R&D arm, the firm has selected Cosmos over Ethereum as it thinks the latter is too... Read more »
