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The entire “metaverse department” is closed! Disney cuts 7,000 jobs

According to the “Wall Street Journal” citing people familiar with the matter, Walt Disney Company (Walt Disney Company, DIS) has laid off the entire Metaverse department, and almost all employees have been cut off. Disney Chief Executive Bob Iger sent an internal letter Monday informing employees that the company had begun the “7,000 layoffs” it …

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GUCCI enters the Otherside Metaverse strongly

Fashion giant Gucci announced that it has officially entered into a partnership with Yuga Labs, the company behind the well-known NFT project “Boring Ape (BAYC)”, in order to further enter the NFT field. According to foreign media “Business of Fashion” reports, Gucci announced on Monday that it has established a long-term partnership with Yuga Labs, …

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Why Ex-Coinbase CTO Bet on Bitcoin Soaring to $1 Million in 3 Months?

Former Coinbase chief technology officer Balaji Srinivasan has made a recent bet that bitcoin prices will benefit from a rapid depreciation of the dollar over the next three months, surging to $1 million by June 17. Balaji wagered two people on the same day, paying out $1 million with financial expert James Medlock and another …

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The Hong Kong government is “highly committed” to the development of the encryption industry

Hui Zhengyu, Hong Kong’s Secretary for Financial Services and the Treasury, said that Hong Kong has the advantage of becoming an “Asian Web3 hub.” He emphasized that the Hong Kong government attaches great importance to virtual assets and Web3 and is “highly committed to developing the industry.” In addition, Xu Zhengyu also mentioned that the …

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Ethereum “Shanghai Upgrade” enters the countdown!

The Ethereum Shanghai upgrade (aka Shapella) is expected to be implemented on April 13, when the mainnet will enable withdrawals for staked Ether. In this regard, the cryptocurrency exchange Binance (Binance) announced today (17th) that it will support Ethereum pledged withdrawals. page for withdrawal. Binance mentioned in the announcement that after the withdrawal function is …

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KuCoin leads the financing of “CNHC”, but is offshore RMB really suitable for stablecoins?

Recently, KuCoin Ventures, the venture capital arm of cryptocurrency exchange KuCoin, led a $10 million round of financing for the stablecoin issuer behind CNHC. CNHC is a stablecoin pegged to the offshore Chinese yuan. KuCoin focuses on the Chinese market and is registered in Seychelles. CNHC is pegged 1:1 to Offshore Renminbi (CNH for short). …

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