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US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto

The US Eastern District Court of Virginia is pursuing legal enforcement action against six individuals for allegedly engaging in money laundering for drug cartels using cryptocurrency.  As per the court documents filed on Oct.15, the U.S Department of Justice (DoJ) alleges that Tao Liu, 45, Jingyuan Li, 47, Eric Yong Woo, 43, Jiayu Chen, 46, … Continue reading US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto

Signal Messaging App Now Accepts Bitcoin and Ether Donations

Signal messaging app, which offers end-to-end encryption, has begun to accept cryptocurrency donations that will be used towards supporting the platform’s ventures. Signal is run by the Signal Technology Foundation, which is a non-profit organization behind the secure messaging app. Per Signal’s official announcement on Twitter: “As a nonprofit organization, we depend on your support. … Continue reading Signal Messaging App Now Accepts Bitcoin and Ether Donations

Coinbase Poaches Facebook’s Former Head of Product to be New CMO

Coinbase Global has hired former Facebook executive Kate Rouch as its new chief marketing officer.   Emilie Choi, the president and chief operating officer at Coinbase exchange, wrote about the development in a blog post on Thursday, August 26. Before joining Coinbase, Rouch spent more than 11 years in various positions at Facebook. Most recently, she … Continue reading Coinbase Poaches Facebook’s Former Head of Product to be New CMO

Meta to Build World's Fastest Supercomputer for Metaverse, Mark Zuckerberg Confirms

Meta is reported to be building the world’s fastest artificial intelligence supercomputer. The announcement was made by the company’s founder Mark Zuckerberg, adding that the computer is being built as part of the plans to build a virtual metaverse. Meta, formerly known as Facebook, said that the infrastructure is a major requirement since the metaverse … Continue reading Meta to Build World's Fastest Supercomputer for Metaverse, Mark Zuckerberg Confirms

Former Disney CEO Bob Iger Enters into Metaverse, Investing in Meta Company Genies

Bob Iger, the former CEO and chairman of the US diversified multinational mass media and entertainment conglomerate Disney, has made a personal investment in Genies, a digital avatar technology company, followed by joining the board of the Los Angeles-based metaverse firm. Iger, who stepped down as chairman of Disney last year, has joined the Genies … Continue reading Former Disney CEO Bob Iger Enters into Metaverse, Investing in Meta Company Genies

Meta Plans to Introduce Virtual Tokens: FT

Meta is planning to introduce virtual tokens and cryptocurrencies, the Financial Times reported. The social media giant is aiming to use these digital assets for rewarding creators and lending and other financial services, according to the report. Meta’s plan is currently in its early stages. The move comes at a time when the company is … Continue reading Meta Plans to Introduce Virtual Tokens: FT

Crypto Scams Have Swindled At Least $1B From Nearly 50,000 People Since 2021 – FTC

Despite crypto penetrating the masses from Bitcoin ATMs to Super Bowl ads, scams in this sector have been going through the roof because more than $1 billion has been lost since 2021, according to a study by the Federal Trade Commission (FTC). Per the report: “Since the start of 2021, more than 46,000 people have … Continue reading Crypto Scams Have Swindled At Least $1B From Nearly 50,000 People Since 2021 – FTC

Following Meta, Yahoo Announces Metaverse Activities in Hong Kong

American web services provider Yahoo has announced that it is launching a series of metaverse activities in Hong Kong. Yahoo plans to launch activities to explore the use of immersive advertising technologies. The company’s announcement comes a day after Meta Platforms announced similar plans to use Hong Kong as a testing ground to roll out … Continue reading Following Meta, Yahoo Announces Metaverse Activities in Hong Kong

Social Media – The Good, The Bad, And The Balanced

It’s no secret that today’s world is largely shaped by social media. We post photos of our vacations on Instagram, keep in touch with family on Facebook, and express our public opinions on Twitter or Reddit.  However, not everything social media brings to our lives is good. Some of the aspects of social media have … Continue reading Social Media – The Good, The Bad, And The Balanced

Meta to Shut Down Novi Crypto Wallet in September

Meta Platforms Inc, formerly Facebook Inc, has announced to shut down its Novi cryptocurrency digital wallet on September 1st. The latest announcement follows by advising users to make withdrawals of their funds as soon as possible, according to the Meta. The social technology firm notified that starting on July 21, users won’t be able to … Continue reading Meta to Shut Down Novi Crypto Wallet in September

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