Walt Disney reportedly scraps metaverse plans
Entertainment conglomerate Walt Disney Co. has reportedly scrapped its metaverse plans as part of its decision to lay off 7,000 employees and reduce US$5.5 billion in expenses.
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Bitcoin, Ether extend declines amid U.S. lawsuit against Binance; Asian equities mixed
Bitcoin and Ether continued to fall in Tuesday afternoon trade in Asia, along with most other top 10 cryptocurrencies by market capitalization, after regulators in the U.S. pulled up Binance, the world’s biggest crypto exchange, for allegedly violating trading mandates.
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Binance rejects U.S. charges of violating trading rules, manipulating markets
Binance CEO Changpeng Zhao said the charges are “an unexpected and disappointing civil complaint” in response to the CFTC lawsuit filed on Monday against him and the world’s largest crypto exchange.
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Montenegro to hold Terra-Luna fugitive Do Kwon for 30 days, says Yonhap News
Kwon Do-hyung will be held in Montenegro for a month on charges of using forged travel documents, South Korea’s Yonhap News reported.
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Is our banking system obsolete?
For long, people could only put cash into a bank account or under the mattress, writes Eric Johnson. Will blockchain technology offer a viable alternative?
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Bitcoin, other crypto fall as U.S. sues Binance; U.S. equities gain as banks stabilize
Bitcoin fell Tuesday morning in Asia along with most other top 10 non-stablecoin cryptocurrencies after the U.S. filed a lawsuit against Binance.
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Binance, Zhao sued by CFTC for alleged regulatory violations
Binance and founder Changpeng Zhao have been sued by the CFTC for allegedly violating derivative rules
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MicroStrategy buys 6,555 Bitcoin worth US$150 mln
MicroStrategy acquired 6,555 Bitcoin for around US$150 million, at an average price of US$23,238 per coin, between Feb. 16 and March 23
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Bitcoin rises, most top 10 cryptos drop, amid mixed signals on state of banking sector
Bitcoin rose while Ether and most of the other top 10 non-stablecoin cryptocurrencies fell during afternoon trading in Asia on Monday.
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What impact will Ethereum’s Shanghai upgrade have on ETH and crypto markets?
Despite the potential sell pressures after Ethereum’s upcoming hard fork, it’s more likely that ETH stakers will hold for the longer term, writes Bill Xing of Bybit.