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Article by Steve Kaaru

Meta to lay off 10,000 workers as metaverse ambition wanes
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17 March, 2023

Meta to lay off 10,000 workers as metaverse ambition wanes

Mark Zuckerberg announced another round of massive layoffs, just days after winding down NFT integrations, even as his focus seemingly...
US Fed to launch FedNow instant payment service amid fears it could end CBDC interest
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16 March, 2023

US Fed to launch FedNow instant payment service amid fears it could end CBDC interest

FedNow gives users an instant 24/7 settlement service—part of the key appeal of a CBDC—and is fully endorsed by the...
DeFi lender Euler Finance loses $197M in flash loan attack
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15 March, 2023

DeFi lender Euler Finance loses $197M in flash loan attack

Euler claims it was audited, but says the auditors missed the vulnerability, which has been around for a year waiting...
Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says
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15 March, 2023

Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says

Christopher Giancarlo, who served as the 13th chair of the Commodity Futures Trading Commission, has called for accelerated digital dollar...
Meta gives up on NFTs
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15 March, 2023

Meta gives up on NFTs

After debuting NFTs on Facebook and Instagram in 2022, Meta is winding down the project, which hasn’t taken off amid...
ECB touts digital euro benefits: ‘A payment solution for any occasion at any time’
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15 March, 2023

ECB touts digital euro benefits: ‘A payment solution for any occasion at any time’

In a new document, the European Central Bank breaks down the incentives and compensation of the digital euro, saying it...

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