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The Final Word on Decentraland ’s Numbers

Decentraland : Counting users in the metaverse is tough. CoinDesk scoured and analyzed multiple data sources to distill an answer. Key takeaways: Is it 38? 650? 7,000? It’s tough doing a census of the metaverse. Try as we might, CoinDesk, in the eyes of Decentraland’s fans, just couldn’t get the numbers right. Metaverse platforms such as The Sandbox and Decentraland present a challenge of sorting bots…

Sam Bankman -Fried Released on $250M Bail Secured by Parents

Bankman : In his first court appearance since being extradited from the Bahamas, the former CEO was told he can live with his parents on $250 million bail secured by their Palo Alto house. A federal judge agreed to release former FTX CEO Sam Bankman-Fried after he appeared in U.S. federal court in New York on Thursday on charges that…

Why Now May Be the Time for Crypto Tax-Loss Harvesting

This year has been tough for cryptocurrency investors, as a brutal bear market wiped about 65% from the market capitalization of Bitcoin.1 However, every cloud has a silver lining, and this time it comes in the form of crypto tax-loss harvesting—a strategy in which investors can sell assets at a loss to offset tax requirements.  KEY TAKEAWAYS Tax-loss harvesting is a strategy used by investors to…

Wells Fargo to Pay $3.7 Billion Settlement for Mismanagement

Wells Fargo has agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau (CFPB) to resolve accusations of consumer abuses. KEY TAKEAWAYS Wells Fargo Fee Shatters Previous CFPB Record On Nov. 4, 2022, a Bloomberg report was published signaling that the CFPB would order Wells Fargo to pay over $1 billion in fines for alleged mistreatment of its customers, though the settlement…

Planning for your Business

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.

Donald Trump Releases NFTs of Himself As Superhero For $99

Former U.S. President Donald Trump announced the release of limited edition NFT trading cards featuring himself depicted as a superhero, a cowboy, an astronaut, and more. Many of the cards will be one-of-a-kind, while others will be limited to 20 or fewer, according to the website.12 KEY TAKEAWAYS Gala Dinner With Trump Purchasers will receive perks based on the number of cards…

Binance CEO Facing Possible Money Laundering Charges

U.S. prosecutors may charge Binance, the largest cryptocurrency exchange, and its top executives with money laundering and sanctions violations, the latest twist in a probe that began in 2018 and gained traction during the FTX collapse that shocked the industry. Founder Changpeng “CZ” Zhao is among executives who may be targeted, Reuters reported, citing people familiar with the matter. Department of Justice officials are…

New owner buys Polaris Bank 

New owner buys Polaris for N50 billion, gets 25 years to repay govt’s N1.3 trillion Polaris bank Strategic Capital Investment Limited emerged the preferred bidder for the lender, the CBN said in a statement late Thursday. The Central Bank of Nigeria has announced the sale of Polaris Bank to a new owner, four years after the government took over the distressed Skye…