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Business · Menlo ParkTencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said.
Tencent scraps plans for VR hardware as metaverse bet falters
Coverage: 7 sources
News in Brief
67% Center coverage: 3 sources
Public Bitcoin mining companies plagued with $4B of collective debt
100% Center coverage: 1 sources
FTXBankrupt cryptocurrency exchange FTX has revealed a "massive shortfall" in its digital asset and fiat currency holdings with billions worth of customer funds missing. On Mar. 2 the exchange released a presentation showing FTX had $2.2 billion in exchange wallets and fiat accounts of which $694 million consisted of the most liquid "Category A Assets"
FTX presentation shows ‘massive shortfall’ in firm’s assets
100% Center coverage: 2 sources
ResearchCornerstone Research’s latest report shows that the US SEC took 30 enforcement actions against bitcoin-related businesses in 2022, representing a 50% increase
Research shows crypto enforcement actions surged by 50% in 2022
Biggest stories of past week: A damning report on Celsius, UK crypto regulation and more
Giorgia MeloniPrime Minister Giorgia Meloni's new bill also includes an incentive for those declaring crypto for tax purposes.
Italian Parliament Approves 26% Crypto-Gains Tax in 2023 Budget
100% Center coverage: 1 sources
BIS wraps exploration project on retail CBDC payment system
100% Center coverage: 1 sources