Wendy O
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Meta Misses Q3 Revenue Estimates for Metaverse Division; Core Scientific's Bankruptcy Warning
Meta Platforms (FB) reported third-quarter revenue of just $285 million in its Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations. That fell short of analyst expectations of $406 million. Plus, the world's largest bitcoin miner, Core Scientific (CORZ), warns that it may have to explore bankruptcy if it fails to improve its financial condition.
Crypto Markets Surge, Liquidations, Tech Earnings and Reddit NFTs
"The Hash" team hashes out today's hot topics, including the crypto market surge, with bitcoin challenging $21,000. Plus, Google's Q3 earnings report reveals crypto winter affected ad revenue. And, what's driving the popularity of Reddit NFTs?
CFTC Chair Addresses Crypto-Related Enforcement; Apple Refuses to Spare NFTs From App Store’s Fee
Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said he gets “very irritated when folks start to talk about the CFTC as a more favorable regulator,” adding that his agency’s “greatest accomplishment” was its track record of crypto-related enforcement actions. Plus, Apple has rejected calls to exempt NFTs from its 30% “Apple Tax” on in-app purchases.
Crypto-Friendly Rishi Sunak to Become UK Prime Minister; FTX to Compensate API Phishing Victims
Rishi Sunak, who shepherded the U.K.’s new crypto ambitions during his time as finance minister, will be the country’s next prime minister following Liz Truss’ controversial resignation last week. Plus, cryptocurrency exchange FTX agrees to reimburse victims of this weekend's phishing attack up to $6 million, according to the exchange's CEO Sam Bankman-Fried.
Do Kwon Acknowledges UST Project Failed, Denies Manipulation Allegation; Report Suggests Kwon Transited via Dubai
"The Hash" hosts discuss today's top stories, including the latest report that Terraform Labs founder Do Kwon is on the move and has transited to an unknown destination via Dubai. This comes after Do Kwon appeared on Laura Shin's podcast acknowledging that the TerraUSD (UST) project failed.
Hodlonaut Wins Norwegian Lawsuit Against Self-Proclaimed ‘Satoshi’ Craig Wright; Hollywood's NFT Push
Prominent Bitcoin community member Hodlonaut won a lawsuit against Craig Wright on Thursday, a Norwegian judge ruled. The pseudonymous website editor had sued Wright in Norway to try and preempt a defamation suit Wright planned to bring against him in the U.K. Plus, Warner Bros. gears up to sell "Lord Of The Rings" non-fungible tokens (NFTs).
