Microsoft has laid off its industrial metaverse team consisting of around 100 employees. The team was focused on creating metaverse features in industrial settings.
Binance reported to re-enter South Korea soon with the acquisition of Gopax, one of the largest exchanges in the country. The community fears it will hurt crypto, even more when Binance goes down.
Sydney-based miner Iris Energy said it is prepared to default on a loan that will see it shut down 3.6 EH/s of mining capacity. The company will instead look to buy new miners and may allow third parties to use the newly-vacated data center capacity.
According to sources, the market leader in Hong Kong for retail bitcoin services, Genesis Block, has stated it would close its doors and stop trading.
Coinbase CEO, Brian Armstrong, sells over $1.6 Million in Coinbase shares. The sale of assets took place shortly after another wave of layoffs at Coinbase.
The lawsuit includes celebrity FTX Investors like Tom Brady, Stephen Curry, and shark tank personality Kevin O’Leary. The class-action lawsuit claims that American consumers collectively sustained over $11 billion in damages.
Merchants partnered with Circle will be able to accept payment and allow customers to purchase crypto through Apple Pay.
Hbit, an affiliate of the Huobi Group, disclosed that it had $18.1 million on FTX, none of which could be withdrawn. To offset client losses, the business has filed for a $14 million unsecured loan.
According to reports, MicroStrategy has unrealized losses on its Bitcoin investment at over $1.8 billion. The company has no plans to sell its shares since it considers bitcoin to be a better investment than cash or gold.
Binance, the world’s largest crypto exchange, has backed out of its agreement to purchase FTX. Sam Bankman-Fried apologizes for the issue pointing out that the issues are with FTX global and not with the US-based platform.