A group of Nigerians who are unhappy with Atom Asset Exchange (AAX) allegedly attacked the company’s Lagos headquarters and beat up personnel, as reported by the local press. The irate crowd, allegedly, asked that a ban on withdrawals that had been in place since November 12 be lifted. Legit’s article
Michael Burry, the founder of the investing company Scion Asset Management, has predicted the coming of a “real recession” that would persist for many years. Burry is well-known for predicting the 2007–2010 U.S. subprime mortgage crisis and making money off of it. The movie “The Big Short,” starring Christian Bale,
Bankrupt FTX subsidiary business Alameda Research made its largest venture investment in Genesis Digital Assets, a cryptocurrency mining firm. On December 3rd, Bloomberg released documents showing that in less than nine months, Genesis Digital had raised $1.15 billion from Alameda. Injection of funds took place between August 2021 and April
According to a Dec. 3 Financial Times report citing people familiar with the subject. Crypto lender Genesis and its parent firm Digital Currency Group (DCG) are believed to owe $900 million to Gemini’s consumers. Furthermore, the problem originated with the shocking FTX crash in November. In cooperation with Genesis, the
The liquidators of Three Arrows Capital (3AC) have publicly criticized the company’s co-founders, Zhu Su and Kyle Davies. For their refusal to cooperate during the restoration of cash to creditors. Liquidator Teneo, appointed by a court in the British Virgin Islands, has frozen $35.6 million in Three Arrows Capital’s Singapore
Despite the volatile price of Bitcoin, a recent analysis by Kommersant shows that purchases of Bitcoin mining devices in the nation skyrocketed in the fourth quarter. Low costs for gear and power have also contributed to the dramatic growth. Sales at Chilkoot, one of Russia’s authorized dealers of cryptocurrency mining
One of the world’s top ten vehicle manufacturers, Stellantis, has opened its first virtual metaverse shop selling the Fiat brand of automobiles. Customers now will be able to virtually test drive the New 500 La Prima by Bocelli. And feel what it’s like to be inside and outside the vehicle
The South Korean VC company Daesung Private Equity has made the decision to invest in the metaverse. On November 30th, the firm announced the creation of a fund dedicated to investing in the metaverse. With a total of 110 billion won (about $83.5 million). With the backing of the Korea
Opera Crypto Browser, the world’s first multi-platform Web3 browser, revealed that it has teamed up with Alteon LaunchPad to make it simple for newbies to the Web3 or NFT arena to mint NFTs. Users will have access to a feature that allows them to drop media files in the browser,
According to Yat Siu, co-founder and executive chairman of Hong Kong’s blockchain gaming behemoth Animoca Brands, the company will soon launch a gigantic $2 billion fund, entitled “Animoca Capital,” to invest in metaverse firms. During an interview with Nikkei Asia, the executive said that digital property rights would be a
