Newsletter Feb 13, 2023
Microsoft Shuts Down Industrial Metaverse Team After Its Social VR Platform Announces Discontinuation

The Microsoft Industrial Metaverse Core team was working on how to use artificial intelligence and digital technologies to allow interaction among users using optimized assets, places, physical goods equipment and processes.


PayPal Reportedly Pauses Crypto Project Amid Regulatory Scrutiny Of Key Partner Paxos

Rumors about the stablecoin project started making rounds when a code for a USD-backed coin was uncovered in the company's official application last year.



Blockchain, Crypto Communities Roast SEC And Gensler On Kraken Crackdown

Blockchain Association CEO Kristin Smith called the SEC's latest move an "attack on U.S. crypto companies and retail investors."

Paxos Under Fire: New York Regulator Orders Binance-USD Issuer To Stop Creating Stablecoin

Aside from that, the U.S. SEC is also reportedly preparing to sue Paxos over the Binance-USD token.

SHiba Inu's Shytoshi Kusama Sheds Light On Shibarium Release Date

With the Shib Army hyping the launch of Shibarium, industry watchers forecast that the initiative could help SHIB, the native token of the ecosystem, to deliver monster gains.

Three Arrows Capital Founders Resurface, Launch Trading Platform For Crypto Claims

"Shamelessly, while ducking his obligations to his failed company, Mr. Davies has been recently active in an effort to raise tens of millions to start a new crypto exchange called 'GTX," 3AC liquidators said in a court filing dated Feb. 7.

Kraken CEO Seemingly Regrets Decision To Settle With SEC; Urges Congress To Protect US Crypto Industry

"Congress must act to protect the domestic crypto industry and US consumers who will now be going offshore to obtain services no longer available in the US," Powell said in a tweet.

South Korea Imposes Sanctions On North Korean Individuals And Groups Over Crypto Theft

"The South Korean government has decided to take specific measures to counter illegal cyber activities, which are one of North Korea's main sources of funding for nuclear and missile development," an announcement read.


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