Crypto Traders Grow Bearish as Aptos Plans $103M APT Token Unlock in November: Data
TokenUnlocks data shows Aptos, a Layer 1 protocol founded by ex-Facebook employees, will release 20 million APT tokens worth over $100 million this November. Tokens are often locked to keep the big bag holders from liquidating their holdings all at once, for such an act would crater the market value. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Thailand Issues Warning Against Meta Over Fraudulent Crypto Ads
Thailand’s Ministry of Digital Economy and Society (DES) is warning Meta's (META) Facebook that the platform risks being expelled from the country if the site doesn't curb the number of fraudulent crypto investment scams being advertised. "The Hash" panel discusses whether Facebook should be blamed for the advertisement and the significance of preventing crypto scams.
Thailand Warns Facebook Parent Company Meta to Curb Crypto Scams
Thailand’s Ministry of Digital Economy and Society (DES) has told Meta's (META) Facebook to curb the number of fraudulent crypto investment scams being advertised on the site. And, the Minister in charge of DES has asked a Thai court to prepare an order that would shut down Facebook by the end of the month if the platform doesn’t comply. "First Mover" hosts Jennifer Sanasie and Amitoj Singh break down the latest developments.
Thailand Warns Meta to Rein In Crypto Scams or Face Expulsion
A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes.
Aptos Token Surges on Microsoft Partnership to Propel 'Global Web3 Adoption'
The Aptos token (APT) is climbing after Aptos Labs, the developer of a layer 1 blockchain started by former Facebook employees, announced its partnership with Microsoft (MSFT) to expand its tools and services using artificial-intelligence technology. "The Hash" panel weighs in on the latest developments.
Will PayPal’s Stablecoin Shake Up Crypto Legislation Talks in Washington?
For some U.S. financial regulators, the ghost of Libra — the then-Facebook effort to establish a mass-appeal stablecoin — will forever haunt the debate over regulating stablecoins. "The Hash" panel discusses the parallels between Libra and fintech giant PayPal's newly launched PayPal USD (PYUSD). Plus, a closer look at how lawmakers are reacting to PayPal's dollar-pegged stablecoin debut.
Worldcoin Activity Suspended in Kenya Over Security and Privacy Concerns
According to a Facebook statement, Kenya's Ministry of the Interior has suspended the operations of Worldcoin as the country's financial, security and data protection services investigate the project. "The Hash" panel shares their thoughts on the legitimacy of the identity crypto protocol co-founded by OpenAI's Sam Altman.
Zuckerberg Says Meta Has 'Exciting Roadmap' With Threads, AI Products in Pipeline
Mark Zuckerberg, founder and CEO of Facebook parent Meta, says the firm isn't giving up on the metaverse anytime soon. This comes as Meta's metaverse division Reality Labs reported $276 million in sales and $3.7 billion in losses for Q2 2023. Journey Chief Metaverse Officer Cathy Hackl discusses her take on Meta's vision for the metaverse and artificial intelligence (AI).
Meta Remains Committed to the Metaverse Despite $13.7B Loss in 2022, Mark Zuckerberg Says
Meta's pivot cost the social media giant over $20 billion since 2021, but the company’s founder and CEO Mark Zuckerberg says the firm isn't giving up on the metaverse anytime soon.
Legal Expert Weighs in on Gemini's Lawsuit Against DCG
Crypto firm Gemini sued Digital Currency Group last week, alleging the industry conglomerate and its founder Barry Silbert committed "fraud" through DCG subsidiary Genesis, which held funds for Gemini tied to the latter company's Earn program. Hodder Law Firm Managing Partner Sasha Hodder discusses the key takeaways. Plus, what to make of Twitter threatening to sue Facebook parent company Meta over the Threads app. CoinDesk and Genesis are both owned by DCG.
