Meta cancels next-gen headset as Reality Labs remains mired in VR
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way.
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Crypto and DeFi disintermediate banking in new ways, says OCC head
The head of the body in charge of overseeing U.S. banks named cryptocurrency and decentralized finance (DeFi) activity among factors contributing to disintermediation of the banking system. 738 Total views 1 Total shares On Wednesday, speaking at a meeting of the Exchequer Club — which is a group of senior economic and financial policy professionals…

Crypto Biz: UAE’s regulatory structure draws crypto firms, Canaan’s revenue slumps, and more
Behind the wave of companies moving or deploying initiatives in the UAE is regulation. The country has introduced regulatory frameworks for decentralized autonomous organizations (DAOs), virtual asset providers, metaverses and other Web3-related entities. By offering regulatory clarity and a clear path to compliance — amid a crackdown in the United States — the UAE is

Maple Finance partners with Celsius to launch wETH lending pool
Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the latter’s smart contract and blockchain infrastructure to facilitate a $30 million pool to institutional investors.Celsius succeeds existing pool delegates BlockTower, Orthogonal Trading, Maven 11 and Alameda Research in…

Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers
Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny. 154 Total views 2 Total shares As reported by local news outlet The Economic Times on Monday, Binance is scheduled to remove off-chain fund transfers with Indian cryptocurrency exchange WazirX on Thursday, although users will still be able…

US CFTC Chair: Blockchain Would Have Improved Regulator Response to 2008 Financial Crash
United States Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo says that blockchain technology would have allowed for a “far faster, better-informed, and more calibrated regulatory intervention” in response to the 2008 financial crisis.Giancarlo made his remarks during a speech — entitled “The New Futurism: 21st Century Financial Markets, Technology and Regulation” — which…

UK stablecoin regulation begins to take shape in multiple FCA, BOE documents
It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking. 129 Total views 1 Total shares A suite of documents was published in the United Kingdom on Nov. 6 that concern stablecoin regulation. The Financial Conduct Authority (FCA) released a discussion paper, as

Bitcoin Breaks Above $7,000 as Crypto Market Rallies Into Green
Tuesday, August 28: crypto markets are seeing strong positive momentum bolster a persuasive recovery, as Bitcoin (BTC) breaks above the $7,000 price point and all but 3 altcoins amid the top 100 cryptocurrencies post strong gains on the day. Growth among the top ten largest assets ranges between 4.5 to almost 20 percent, as Coin360…

Genesis’ bankruptcy filing was decided by independent committee, according to DCG
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection. 648 Total views 2 Total shares Own this piece of history Collect this article as an NFTIn a Jan. 20 statement, Genesis Capital’s parent company, Digital Currency Group (DCG), denied involvement in Genesis’ bankruptcy filing. According to DCG, a special committee…