The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022.
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Solana game developer Automata announces mass layoffs
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Solana game developer Automata (ATMTA) will undergo "a significant headcount reduction" to preserve its ability to develop Star Atlas. After the restructuring, the Automata team will comprise just 45 staff, compared to 235 in late 2022.
According to the July 24 announcement on Discord, Michael Wagner, CEO and co-founder of ATMTA, said the restructured team will instead shift its focus to "delivering SAGE and the newly announced Crew Mobile App." Meanwhile, the development of a software development kit (SDK) combining Unreal Engine 5 and Solana will "resume at a significantly slower pace." The SDK serves as the basis for the Star Atlas game.
In explaining the changes, Wagner wrote that approximately 33% of the project's revenue was taken as in-game token Atlas, which the team "steadfastly held." The token has lost approximately 80% of its value in the past year. In addition:
"We also had to pay a material tax liability approaching $30 million. And as many of you already know, we lost approximately $15 million from our treasury with the collapse of FTX, which represented a significant portion of our liquid cash balance."
Solana game developer Automata announces mass layoffs
"It is with a heavy heart that I am writing today to share news about team restructuring efforts we are effectuating today," wrote CEO and co-founder Michael Wagner.
Crypto-friendly Robinhood inches to UK with local CEO appointment
Robinhood has been planning expansion into the United Kingdom since 2019 but the project has faced multiple delays.
Crypto-friendly Robinhood inches to UK with local CEO appointment
Robinhood has been planning expansion into the United Kingdom since 2019 but the project has faced multiple delays.
Debt is GOOD for Bitcoin?? Shocking insights revealed
Cointelegraph analyst and writer Marcel Pechman explains why debt might be good for Bitcoin, and discusses JPMorgan’s method for trading debt instruments.
Axie Infinity creator to develop new game in partnership with CyberKongz
Sky Mavis executive Kathleen Osgood said that the catalyst for the revival of blockchain gaming would be an experience that understands the motivations driving users into Web3.
Bitget surpasses 20M users as wallet integration spurs trading volumes
The platform is now among the four largest cryptocurrency exchanges by trading volume after integrating with recently acquired wallet service Bitkeep.
Bitget surpasses 20M users as wallet integration spurs trading volumes
The platform is now among the four largest cryptocurrency exchanges by trading volume after integrating with recently acquired wallet service Bitkeep.
Bitget surpasses 20M users as wallet integration spurs trading volumes
The platform is now among the four largest cryptocurrency exchanges by trading volume after integrating with its recently acquired wallet service BitKeep.
Former CFTC chairman says stablecoins can be a bridge between two worlds
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations.
Former CFTC chairman says stablecoins can be a bridge between two worlds
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility.
Worldcoin may face UK data regulators inquiry days after launch: Report
The project has faced criticism from within the fintech world over its dystopian features and privacy concerns.
Worldcoin may face UK data regulators inquiry days after launch: Report
The project has faced criticism from within the fintech world over its dystopian features and privacy concerns.
China’s blockchain satellite in space, Hong Kong’s McNuggets Metaverse: Asia Express
Chinese blockchain Sputnik’s maiden voyage
A Chinese satellite has become the first in the world to carry a blockchain imaging and screening system into orbit.
According to local news outlet Red Star News on July 22, the Tai’an Star Era 16 was successfully launched into orbit from the China Jiuquan Satellite Launch Center. Developed by NationStar Aerospace Technology Co., the satellite features a visual blockchain on-orbit certificate storage system dubbed ‘ADAChain’ (not related to Cardano) developed in-house by NationStar. Researchers wrote:
“The [ADAChain] can realize functions such on-orbit visual blockchain multi-signature authentication, on-orbit video visual broadcasting, and on-orbit visual remote sensing data storage certificate confirmation.”
The purpose of the satellite’s voyage is to “obtain rich spectral information on the surface of the target area,” in the fields of “precision agriculture, water resources management, mineral resource investigation, environmental monitoring, and emergency safety.” Blockchain technology will also assist in achieving the goals of “high spatial resolution, high spectral resolution, and high temporal resolution” in such satellite imaging.
The Tai’an Star Era 16 blockchain satellite Launch (RedStar News)Digital Yuan CBDC expands to Hong Kong
The Bank of China’s Hong Kong subsidiary has allowed individuals in the Special Administrative Region (SAR) to utilize the digital yuan central bank digital currency (e-CNY CBDC) for retail shopping.
China’s blockchain satellite in space, Hong Kong’s McNuggets Metaverse: Asia Express
China launches world’s first blockchain satellite into space, meanwhile, McDonalds Hong Kong brings McNuggets into the Metaverse.
China’s blockchain satellite in space, Hong Kong’s McNuggets Metaverse: Asia Express
China launches world’s first blockchain satellite into space, meanwhile, McDonalds Hong Kong brings McNuggets into the Metaverse.
China’s blockchain satellite in space, Hong Kong’s McNuggets Metaverse: Asia Express
China launches world’s first blockchain satellite into space, meanwhile, McDonalds Hong Kong brings McNuggets into the Metaverse.
China’s blockchain satellite in space, Hong Kong’s McNuggets Metaverse: Asia Express
Chinese blockchain Sputnik’s maiden voyage
A Chinese satellite has become the first in the world to carry a blockchain imaging and screening system into orbit.
According to local news outlet Red Star News on July 22, the Tai’an Star Era 16 was successfully launched into orbit from the China Jiuquan Satellite Launch Center. Developed by NationStar Aerospace Technology Co., the satellite features a visual blockchain on-orbit certificate storage system dubbed ‘ADAChain’ (not related to Cardano) developed in-house by NationStar. Researchers wrote:
“The [ADAChain] can realize functions such on-orbit visual blockchain multi-signature authentication, on-orbit video visual broadcasting, and on-orbit visual remote sensing data storage certificate confirmation.”
The purpose of the satellite’s voyage is to “obtain rich spectral information on the surface of the target area,” in the fields of “precision agriculture, water resources management, mineral resource investigation, environmental monitoring, and emergency safety.” Blockchain technology will also assist in achieving the goals of “high spatial resolution, high spectral resolution, and high temporal resolution” in such satellite imaging.
The Tai’an Star Era 16 blockchain satellite Launch (RedStar News)Digital Yuan CBDC expands to Hong Kong
The Bank of China’s Hong Kong subsidiary has allowed individuals in the Special Administrative Region (SAR) to utilize the digital yuan central bank digital currency (e-CNY CBDC) for retail shopping.
China’s blockchain satellite in space, Hong Kong’s McNuggets Metaverse: Asia Express
Chinese blockchain Sputnik’s maiden voyage
A Chinese satellite has become the first in the world to carry a blockchain imaging and screening system into orbit.
According to local news outlet Red Star News on July 22, the Tai’an Star Era 16 was successfully launched into orbit from the China Jiuquan Satellite Launch Center. Developed by NationStar Aerospace Technology Co., the satellite features a visual blockchain on-orbit certificate storage system dubbed ‘ADAChain’ (not related to Cardano) developed in-house by NationStar. Researchers wrote:
“The [ADAChain] can realize functions such on-orbit visual blockchain multi-signature authentication, on-orbit video visual broadcasting, and on-orbit visual remote sensing data storage certificate confirmation.”
The purpose of the satellite’s voyage is to “obtain rich spectral information on the surface of the target area,” in the fields of “precision agriculture, water resources management, mineral resource investigation, environmental monitoring, and emergency safety.” Blockchain technology will also assist in achieving the goals of “high spatial resolution, high spectral resolution, and high temporal resolution” in such satellite imaging.
The Tai’an Star Era 16 blockchain satellite Launch (RedStar News)Digital Yuan CBDC expands to Hong Kong
The Bank of China’s Hong Kong subsidiary has allowed individuals in the Special Administrative Region (SAR) to utilize the digital yuan central bank digital currency (e-CNY CBDC) for retail shopping.