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Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022

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For the whole of 2022, Meta lost $13.7 billion in the division on revenues of $2.2 billion, up from a loss of $10.2...

Hong Kong to Require Stablecoin Licensing as Early as This Year

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Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said. Source link

86% of Stablecoin Issuer Tether Was Controlled by 4 People as of 2018: WSJ

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Tether began from separate companies led by ex-plastic surgeon Giancarlo Devasini and former child actor Brock Pierce. Devasini, who helped develop crypto exchange...

Fed Policy Win Could Harm Bitcoin’s Wall Street Narrative

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The January rebound in equities and knockout employment report may have undermined a few buy-bitcoin narratives, but the real value proposition behind bitcoin...