Business

Sam Bankman-Fried got $2.2 billion from FTX, was nearly forced out in 2018
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17 March, 2023

Sam Bankman-Fried got $2.2 billion from FTX, was nearly forced out in 2018

FTX’s new management filed a series of declarations detailing its efforts to make sense of SBF’s tangled financial web, and...
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...
Nissan ventures deeper into Web3 with 4 new trademark applications
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17 March, 2023

Nissan ventures deeper into Web3 with 4 new trademark applications

The four filings cover three of its best-selling brands, including Infiniti, Nismo, and Nissan, according to a disclosure by USPTO...
German banks want commercial banks to lead in digital euro launch
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17 March, 2023

German banks want commercial banks to lead in digital euro launch

Amid the risks, the Association of German Banks recognized the benefits of the digital euro, urging the ECB to allow...
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...
EU approves data law requiring kill switch for smart contracts
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16 March, 2023

EU approves data law requiring kill switch for smart contracts

Having been approved by the European Parliament, the data law will now be sent to the EU Council and European...
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