Biden Administration Releases Roadmap to Reduce Crypto Risks, Protect Investors

• The White House has released a roadmap to reduce the risks related to cryptocurrency. • The Biden Administration will develop a cryptocurrency legal framework in the coming months. • The roadmap outlines the administration’s priority to ensure that cryptocurrencies do not threaten financial stability, protect investors, and hold bad actors accountable. The Biden Administration […]

PayPal Data Breach: 34,942 Accounts Affected, Change Your Passwords Now!

• PayPal reported a data breach that affected nearly 35,000 accounts worldwide. • The hackers got away with sensitive information, including name, address, personal tax identification numbers, social security number, and date of birth. • PayPal notified all the affected accounts and urged them to change their passwords. PayPal, one of the world’s largest online […]

Dive Deeper Into Web3 Investment with 3HOUSE’s Campfire Initiative

• 3HOUSE, the leading Web3 investment community, recently introduced a new initiative called “Campfire” to provide comprehensive “deep dives” for Web3 investors. • Campfire is the community’s fortnightly focus direction, where they look at an important and relevant issue within the crypto industry and try to unpack it from multiple angles. • The 3HOUSE platform […]

Crypto Bulls: ImmutableX, Ripple, and Orbeon Poised for Gains

• ImmutableX (IMX) is a blockchain platform that eliminates fuel costs and creates carbon-neutral NFTs. • Crypto analysts are bullish on ImmutableX (IMX), with predictions of reaching $4.2 by 2030. • Ripple’s XRP has seen strength lately due to its technology and partnerships with major banks and financial institutions that aim to replace the current […]

Genesis Crypto Lender Set to File for Bankruptcy This Week

• Troubled crypto lender Genesis is likely to file for Chapter 11 bankruptcy this week due to ongoing negotiations with creditors. • Sources familiar with the matter say negotiations between Genesis and creditors have not progressed as expected. • The proposed deal includes creditors receiving cash and equity from Digital Currency Group in exchange for […]

Paytm’s Stock Plummets 8.8% Following Ant Financial Block Deal

• Paytm shares declined 8.8% on Thursday following a series of block deals recorded by parent One97 Communications Ltd. • Around 19.20 million shares or a 3% stake in the digital payments and financial services platform changed hands, with a monetary value of roughly $125 million. • Reports state that the likely seller in the […]

Ubisoft Plunges 20% as Cancelled Games, Financial Challenges Loom

•Ubisoft shares plunged 20% due to bad news, including the cancelled games and financial challenges. •The company announced that its game „Skull and Bones“ will be delayed again, and expects to release the game anytime from April 2023 to March 2024. •Ubisoft also mentioned canceling three other projects in order to focus on its existing […]

Chinese Lidar Startup Hesai Tech to Launch US IPO, Seeking $150M

-Chinese lidar startup Hesai Technology is planning to file for a US initial public offering (IPO) next week. -The startup is expected to raise around $150 million from the IPO. -Investment banks such as Credit Suisse, Goldman Sachs, and Morgan Stanley are working with Hesai on its first-time shares offering. Hesai Technology, a Chinese leader […]