Singapore's Crypto.com to Halt US Institutional Division Citing 'Limited Demand'
The crypto exchange announced that it plans to halt services for institutional traders in the United States on June 21,...
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Investment Bank Cowen Closes Crypto Asset Division Following Acquisition: Report
The American boutique investment bank Cowen Inc. is closing its crypto asset unit. It has become the latest financial institution...
Buzzfeed shutters news division, leans into AI
In its first quarter financial call, the digital media company BuzzFeed revealed significant declines in revenue and hinted at upcoming...
Disney Scraps Metaverse Division as Part of Restructuring Plan: Report
Walt Disney has knocked metaverse plans off its priority list. The entertainment giant’s “next-generation storytelling and consumer experiences” division had been...
Disney reportedly scraps its metaverse division
Entertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan that will see the...
Blockchain.com to shutter asset management division
Ad Blockchain.com will discontinue its recently-opened asset management arm, Bloomberg News reported March 9.Through that division, the company offered an...
Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division – Metaverse Bitcoin News
Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quarter results, reporting better numbers than expected....
Meta’s metaverse division Reality Labs posts wider loss of $13.7 billion in 2022
Meta Platforms Inc., the former Facebook, said losses at its Reality Labs division developing virtual reality technologies widened last year,...
Meta Metaverse Division Posts $4.3B Net Loss in Q4 2022
Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the...
Pi Network Ads Cause Division Among Users on Social Media – BSC News
While Pi ads will contribute to the network's maintenance, there is disagreement about the feature among Pioneers in the DeFi...
