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Coinbase, Paxos break ties with embattled crypto-friendly Silvergate Bank
Major cryptocurrency exchange Coinbase Global Inc. said today it would no longer use Silvergate Bank to facilitate dollar payments for its institutional partners after it was revealed that the bank may be in financial trouble. Stablecoin issuer Paxos Trust Co. LLC also announced that it would break ties with Silvergate. The company said this would ...
Decentralized Twitter alternative Bluesky launches on App Store in beta
Decentralized social network Bluesky, a project started by former Twitter Inc. Chief Executive Jack Dorsey, launched today in beta test mode. Interested users can now download Bluesky Social app directly from Apple’s app store, but they must first sign up for a private beta in order to access the network, if they have not already. ...
Meta’s AR/VR roadmap has Quest 3 launching this year, true AR glasses in 2027
Ever since Meta Platforms Inc. rebranded itself from Facebook, the company has been on a trajectory to take the metaverse by storm, and to do that it needs to innovate in augmented and virtual reality headsets. The Verge reported late Tuesday that Meta unveiled a 4-year roadmap to its employees in which the company said it ...
LastPass says malware used to hack DevOps engineer in 2022 password vault breach
Password manager LastPass US LP reeled from multiple data breaches in 2022 when hackers accessed sensitive information from databases, and today the company revealed how attackers used that information to target a senior DevOps engineer with malware to “launch a coordinated second attack” that breached password vaults. LastPass announced the first security breach in August, ...
Meta plans to form product team to ‘turbocharge’ generative AI work
Meta Platforms Inc. is joining the slew of other companies in the generative artificial intelligence movement by creating a new top-level product team to “turbocharge” work, Chief Executive Mark Zuckerberg said in a Facebook post on Monday. To do this, Meta will pull together resources from across the company into one group to focus on ...
Google showcases new updates for Android and wearables at MWC
Google LLC announced new features for Android today at MWC 2023 in Barcelona aimed at improving users’ connectivity, productivity and enjoyment across their devices, including phones, wearables and Chromebooks. New features that debuted at the former Mobile World Congress this week include updates to Google Keep, audio enhancements, instant pairing for Chromebook headphones, new emojis ...
Snapchat unveils AI chatbot powered by OpenAI’s ChatGPT
Snap Inc. revealed today that the company plans to jump on the artificial intelligence bandwagon by adding a chatbot powered by OpenAI LLC’s ChatGPT named “My AI” to its multimedia instant messaging app Snapchat. The company unveiled details about the new service in an announcement stating that users will be able to talk to the AI ...
SPECIAL REPORT: REIMAGINING TELECOM
How 5G will help blaze the trail to the long-awaited metaverse
The metaverse has become a major buzzword as people begin to flock to these immersive digital worlds in virtual and augmented reality, promising to transform how people work, socialize and entertain themselves. But there’s a key obstacle in the way of that vision: Metaverse applications tend to be resource-intensive because they need to send, receive ...
Galaxy Digital finalizes $44M acquisition of crypto self-custody platform GK8
Crypto-focused financial services firm Galaxy Digital Holdings Ltd. finalized its acquisition of the digital asset custody platform GK8 Thursday for $44 million after winning an auction to buy the company from bankrupt crypto lender Celsius Network. GK8 provides managed self-custody services for crypto assets, which allows the holders of cryptocurrency to retain sole possession of ...
Dapper Labs cuts 20% more staff in a second round of layoffs
Dapper Labs Inc. announced Thursday that the company is laying off 20% more of its employees as part of a restructuring plan less than four months after the company behind the NBA Top Shot nonfungible token marketplace said it was cutting 22% of staffers. “As shared earlier today, we are restructuring the Dapper Labs organization ...