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Also the mysterious world of MEV where bots rob crypto investors for huge profits.
Microsoft doesn't release the meta number of Zuckerberg's research.
Platform Meta
CEO Mark Zuckerberg announced the partnership at the annual MetaConnect conference, rebranding his company a year ago to reflect his commitment to the Metaverse, a deeper version of the Internet that includes alternatives and virtual reality. Metaverse's first year as a Metaverse-focused organization was not particularly successful for Meta, during which time its stock dropped by 60%. In addition to spending billions of dollars on the metaverse, traditional metabusinesses are suffering from competition and declining advertising opportunities.
Monkeys without intervention
ApCoin fell 14 percent to $4.71 on Wednesday after reports that the US Securities and Exchange Commission is investigating backer Yuga Labs for its popular non-fungible token (NFT) collections , including the Board Up Yacht Club series. Thoughtful and orderly.
The news should not come as a surprise. The SEC has been known to be interested in NFTs for some time as part of a competition with the Commodity Futures Trading Commission that has an impact on cryptographic kriptovalyutnogo regulation, and Yuga is leading the NFT market with its collection. The cost is about 2.4 billion dollars. According to Bloomberg, Apcoin itself may also be investigated by the SEC. However, the agency's spokesperson declined to comment on the matter. The Ethereum-based management and utility token is designed for use in the APE ecosystem, which includes three major market cap NFT collections: Bored Ape Yacht Club, CryptoPunks and Mutant Ape Yacht Club, and the Otherside Metaverse Collection. It can now also be used to shop American luxury brands like Gucci and Tag Heuer Monaco. As of Friday morning ET, the token is at $4.54, down 11.7% from last week.
For a new $100 million def
A disgruntled attacker has cashed in on decentralized crypto exchange Mango Markets and held $100 million worth of tokens as ransom, forcing the firm to use the treasury funds to fund bad debts raised to bail out a major investor . At the beginning of the year. Around 6:00 PM New York time on Tuesday, the attacker artificially inflated the value of the Mango token and used unrealized profits to take out loans and delist several cryptocurrencies.
The Decentralized Autonomous Organization (DAO) that oversees the project soon terminated the program. The DAO announced on Twitter on Thursday: “We plan to pay as much as we can with DAO money (for voting) and any tokens we can get back. Hackers stole around $100-110 million from Binance BNB last week.
VENTURE CAPITALISTS BENEFIT FROM CRYPTO WINTER
BlockTower, a Miami-based crypto finance firm, has announced its previously announced $150 million fund for businesses focused on digital assets . Backers include MassMutual, French investment bank BPFrance, former Midas List investor Roger Ehrenberg and the Teachers Retirement System of Texas. While other companies have invested hundreds of millions in six months, Blocktower has made 10 investments worth about $20 million this year, leaving plenty of dust as buyout prices fell and other investors pulled out of the category. The company is looking to direct checks ranging from $500,000 to $5 million to startups and crypto projects with a goal of generating up to 10% equity in startups or underwriting up to 5% in token protocols.
BLOCKCHAIN 50: 2023's call for individualism
For four years, the Forbes Blockchain 50 list represents the institutional implementation of the technology popularized by Bitcoin. In the year Since our first review in 2019, the companies on our list have mostly been big names like Walmart.
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Coin Center Sues Treasury Over Tornado Cash Ban [ Explain ]
Link to the stable coin provider
Binance Launches $500M Bitcoin Loan Fund