Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs. Go to Source
Month: July 2024
RCO Finance (RCOF) Closes in on Ripple’s (XRP) Rally as SEC Settlement Speculations Take Force
Amid mounting speculation about the potential settlement between Ripple and the SEC, XRP experienced an over 50% rally to trade at $6.63 over the past week, marking its highest level since April, while the overall crypto market saw a more modest increase of around 12% during the same period. Meanwhile, the performance of RCO Finance’s … Read more
BDAG’s Rise with UFC’s Alex Pereira Amid SOL & KAS Fluctuations
BlockDAG Makes Big Move, Appoints UFC Champ Alex Pereira as Ambassador; Kaspa Experiences Surge While Solana Dips While Solana faces downward market pressure dropping its value to $134, and Kaspa sets ambitious growth targets, BlockDAG stands out. This platform not only engages the market with strategic alliances, such as with UFC star Alex Pereira but … Read more
Wazirx Prepares Bounty Program to Recover $230 Million Stolen in Security Breach
Wazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating with other exchanges. “This is an unprecedented attack on one of the largest crypto exchanges in India. … Read more
TSMC becomes first Asian company to reach $1T as AI demand surges
The company is now worth more than Broadcom and closing in on Meta. Go to Source
IMF Warns Zambia Against Dedollarization, Calls Plan Counterproductive
An International Monetary Fund representative has cautioned that Zambia’s proposed dedollarization initiative may inadvertently undermine efforts to contain inflation. The representative expressed concern that the prevailing economic conditions in Zambia are not conducive for the country to proceed with the de-dollarization proposals. Zambia Not Ideally Placed to Dedollarize The International Monetary Fund (IMF)’s Zambian representative, … Read more
Rho Markets Pauses Platform After Attacker Siphons $7.6 Million in Digital Assets
The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million across multiple chains, with USDC and USDT pools among the affected assets. Shortly after detecting unusual activity, … Read more
Study: Europe Leads in Global Crypto Transaction Volume; Binance Remains Most Used Exchange
Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech infrastructure, and growing institutional interest. Binance, with a trading volume of $2.77 trillion, holds the title of the “most … Read more
Max Out Your Return Potential This Year: Crypto Picks That You Must Buy
This recent recovery of the crypto market has supported the predictions that we are still within a bull market. While we expect the great majority of cryptos to yield some form of returns, crypto analysts have picked Litecoin, VeChain, BRETT and Angry Pepe Fork as must-have cryptos for maximum returns. NumberOfWealth has predicted a Litecoin … Read more
WazirX launches bounty program to recover stolen assets
The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform. Go to Source