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Crypto lender Celsius Network accused of fraud in lawsuit
Cryptocurrency lending platform Celsius Network LLC has been accused of fraud and acting as a “classic ‘Ponzi scheme’” in a lawsuit filed by Jason Stone, the chief executive of KeyFi Inc. The lawsuit comes at a time when Celsius is facing continuing problems after it had to suspend withdrawals during a downturn in the crypto ...
Web3 gaming startup Planetarium Labs raises $32M led by Animoca Brands
The Web3 gaming startup Planetarium Labs announced late Wednesday that it has raised $32 million in new funding led by Animoca Brands to build the next generation of games governed by the communities that play them. Krust Universe, the investment arm of South Korean tech giant Kakao, WeMade, the publisher of the play-to-earn game “MIR4,” ...
Reddit announces storefront for limited-edition blockchain collectible avatars
Reddit Inc., which runs the “front page of the internet,” announced today that it’s launching an upcoming storefront that will bring limited-edition series of blockchain-based Collectable Avatars that users can use to express themselves on the social media site. Customizable avatars, cartoonish portraits that stand in for profile pictures, were introduced to Reddit in 2015 ...
Cryptocurrency broker Voyager Digital files for bankruptcy
Major cryptocurrency broker Voyager Digital Ltd. has filed for bankruptcy protection, becoming the second major company to file during the recent volatility in the crypto market after the collapse of Three Arrows Capital. The company filed for Chapter 11 bankruptcy late Tuesday, a mere week after it suspended withdrawals, deposits and trading on its platform. ...
EU regulators come to agreement to tame the ‘Wild West’ of crypto markets
Officials in the European Union have come to a provisional agreement on new crypto regulations that will protect customers and supervise service providers in a bid to tame the “Wild West” of the volatile crypto markets. The new regulation struck between the European Parliament and Council Thursday evening is called MiCA, Markets in Crypto-Assets. It ...
Report: Crypto brokerage Genesis Trading facing ‘hundreds of millions’ in losses
Genesis Global Trading Inc., a cryptocurrency lender and prime broker, may be facing considerable losses of “hundreds of millions” of dollars from its exposure to the collapsing crypto hedge fund Three Arrows Capital and Hong Kong-based crypto lender Babel Finance, according to a report from CoinDesk. The losses Genesis is potentially facing are part of ...
Google Cloud announces advanced API security management through Apigee
In order to provide organizations greater control and security for their digital footprints, Google LLC’s cloud division today announced a preview of Advanced API Security built on Apigee, the company’s application programming interface management platform. Using this new product, organizations can more easily detect and fix API misconfigurations and thwart malicious bots. More and more ...
Court orders crypto hedge fund Three Arrows Capital to liquidate
Major cryptocurrency hedge fund Three Arrows Capital Ltd. has been ordered to liquidate by a British Virgin Islands court. The court order was issued on June 27, according to a report from Sky News, which cites sources close to the matter. The move comes after creditors sued the company following its default on debts in ...
The industrial metaverse: Siemens and Nvidia aim to enhance ‘digital twins’ technology
The German industrial manufacturing company Siemens AG today announced a partnership with Nvidia Corp. to transform industrial automation using hyper-realistic real-time 3D graphics by enhancing “digital twins,” or virtual models of the real world that simulate manufacturing applications accurately. The partnership was announced at the Siemens’ Accelerate virtual event by Roland Busch, president and chief ...
Meta is building better AI-driven audio for virtual reality
When it comes to virtual reality, creating immersive worlds is more than just generating visually perfect environments. The way that sound works can make or break an experience. To tackle the audio challenge, researchers at Meta Platforms Inc. today open-sourced three artificial intelligence models that take sound in the metaverse to a new level. “Getting ...