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

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

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

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

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