Uber is a staple of the gig economy, for better or worse, and a disruptor that once sent shockwaves throughout the mobility space. Now, however, Uber is being taken for a ride. The company is handling a reportedly far-reaching cybersecurity breach. According to the ride-hailing giant, the attacker has not been able to access sensitive user data, or at least, there is no evidence to suggest otherwise. Whether or not sensitive user data was exposed, this case points to a persistent issue with t...

Uber is a staple of the gig economy, for better or worse, and a disruptor that once sent shockwaves throughout the mobility space. Now, however, Uber is being taken for a ride. The company is handling a reportedly far-reaching cybersecurity breach. According to the ride-hailing giant, the attacker has not been able to access sensitive user data, or at least, there is no evidence to suggest otherwise. Whether or not sensitive user data was exposed, this case points to a persistent issue with t...

Amid the bear market, positive signs of crypto adoption continue to emerge. Also, Elon Musk is finally moving ahead with plans to acquire Twitter. For all the doom and gloom surrounding crypto markets these days, there’s plenty to be excited about. Institutional investors are still actively buying Bitcoin ( BTC$19,587), venture capital is still investing heavily into blockchain startups and forthcoming regulatory clarity is likely to pave the way for wider adoption, perhaps as early as next y...

Amid the bear market, positive signs of crypto adoption continue to emerge. Also, Elon Musk is finally moving ahead with plans to acquire Twitter. For all the doom and gloom surrounding crypto markets these days, there’s plenty to be excited about. Institutional investors are still actively buying Bitcoin ( BTC$19,587), venture capital is still investing heavily into blockchain startups and forthcoming regulatory clarity is likely to pave the way for wider adoption, perhaps as early as next y...

The FTX founder said the company paid the “fair market price” for Voyager’s assets and would look to do the same in a deal for Celsius’ assets. FTX founder and CEO Sam Bankman-Fried has shared details on how his firm would approach a buy-up of Celsius’ assets. The comments come in light of FTX US snapping up bankrupt crypto lender Voyager Digital’s assets for $1.3 billion via auction last week and a recent report that FTX was considering a bid for Celsius’ assets as well. Responding to a twee...

The FTX founder said the company paid the “fair market price” for Voyager’s assets and would look to do the same in a deal for Celsius’ assets. FTX founder and CEO Sam Bankman-Fried has shared details on how his firm would approach a buy-up of Celsius’ assets. The comments come in light of FTX US snapping up bankrupt crypto lender Voyager Digital’s assets for $1.3 billion via auction last week and a recent report that FTX was considering a bid for Celsius’ assets as well. Responding to a twee...

S. Daniel Leon, who cofounded Celsius with Alex Mashinsky in 2017, has quit his job as the bankrupt crypto lender’s chief strategy officer, CNBC reported Oct. 4, citing unnamed sources and an internal memo seen by the outlet. Bloomberg later reported receiving confirmation of Leon’s resignation from the company. Leon’s resignation comes one week after Mashinsky’s and is part of an apparently growing trend. Celsius filed for bankruptcy July 13, while it was under investigation by six American ...

S. Daniel Leon, who cofounded Celsius with Alex Mashinsky in 2017, has quit his job as the bankrupt crypto lender’s chief strategy officer, CNBC reported Oct. 4, citing unnamed sources and an internal memo seen by the outlet. Bloomberg later reported receiving confirmation of Leon’s resignation from the company. Leon’s resignation comes one week after Mashinsky’s and is part of an apparently growing trend. Celsius filed for bankruptcy July 13, while it was under investigation by six American ...

Kazakhstan is ready to legalize a mechanism for converting cryptocurrencies to cash if there is demand, said President Kassym-Jomart Tokayev, per local news agency Informburo on Sept. 28. Speaking at the international forum Digital Bridge 2022, Tokayev emphasized that Kazakhstan aims to become an international leader in the field of digital technology, cryptocurrency ecosystem and regulated mining. He noted that the government of Kazakhstan has drafted amendments in national law to pilot a me...

Kazakhstan is ready to legalize a mechanism for converting cryptocurrencies to cash if there is demand, said President Kassym-Jomart Tokayev, per local news agency Informburo on Sept. 28. Speaking at the international forum Digital Bridge 2022, Tokayev emphasized that Kazakhstan aims to become an international leader in the field of digital technology, cryptocurrency ecosystem and regulated mining. He noted that the government of Kazakhstan has drafted amendments in national law to pilot a me...

While public interest in the Metaverse has not been completely lost, brands are trying to make the most of its popularity. Many luxury brands have already jumped on the gamification bandwagon, selling branded skins and buying land in the Metaverse. We have already visited Decentraland Fashion Week, played the Balenciaga game and regularly watched digital collections move from the mass market to luxury markets. In addition, in Web3, there is a serious beef between the Hermès brand and artist M...

While public interest in the Metaverse has not been completely lost, brands are trying to make the most of its popularity. Many luxury brands have already jumped on the gamification bandwagon, selling branded skins and buying land in the Metaverse. We have already visited Decentraland Fashion Week, played the Balenciaga game and regularly watched digital collections move from the mass market to luxury markets. In addition, in Web3, there is a serious beef between the Hermès brand and artist M...

One of the biggest Merge staking providers, Lido Finance has launched on two layer-2 networks Arbitrum and Optimism, a move it says further improves accessibility to Ethereum staking while reducing gas fees. The plan to expand to L2 was first unveiled in July when the team acknowledged that several layer-2 networks had “demonstrated economic activity,” with the new deployment to L2 networks Arbitrum and Optimism launched on Oct. 7. Lido provides liquid staking, which allows more flexibility f...

One of the biggest Merge staking providers, Lido Finance has launched on two layer-2 networks Arbitrum and Optimism, a move it says further improves accessibility to Ethereum staking while reducing gas fees. The plan to expand to L2 was first unveiled in July when the team acknowledged that several layer-2 networks had “demonstrated economic activity,” with the new deployment to L2 networks Arbitrum and Optimism launched on Oct. 7. Lido provides liquid staking, which allows more flexibility f...

OpenSea, the digital marketplace for crypto collectibles and nonfungible tokens (NFTs), announced in a series of tweets on Oct. 5 that the platform will officially allow its users to bulk list and bulk purchase up to 30 digital collectible items in a single flow. In the case of bulk buying, the platform will allow its users to add up to 30 items from the same chain to their cart before finalizing their purchases in a single transaction, reducing costs associated with gas fees and allowing the...

OpenSea, the digital marketplace for crypto collectibles and nonfungible tokens (NFTs), announced in a series of tweets on Oct. 5 that the platform will officially allow its users to bulk list and bulk purchase up to 30 digital collectible items in a single flow. In the case of bulk buying, the platform will allow its users to add up to 30 items from the same chain to their cart before finalizing their purchases in a single transaction, reducing costs associated with gas fees and allowing the...

Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18, tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26 and Google on Oct. 30. Currently, the possibility of an even more severe global economic slowdown is in the cards and lackluster profits could further add to the uncertainty.Given the unprecedented nature of the United State Federal Reserve tightening and mounting macroeconomic unce...

Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18, tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26 and Google on Oct. 30. Currently, the possibility of an even more severe global economic slowdown is in the cards and lackluster profits could further add to the uncertainty.Given the unprecedented nature of the United State Federal Reserve tightening and mounting macroeconomic unce...

The right to privacy is enshrined in many legal traditions around the world. In the United States, it’s protected by the Fourth Amendment; in the European Union, it falls under Article 8 of the European Convention for Human Rights. While definitions differ between jurisdictions, most of us have a right to a reasonable expectation of privacy for our correspondence, in our homes and about our persons. In the 1970s, businesses, families and individuals started generating data like never before, ...

The right to privacy is enshrined in many legal traditions around the world. In the United States, it’s protected by the Fourth Amendment; in the European Union, it falls under Article 8 of the European Convention for Human Rights. While definitions differ between jurisdictions, most of us have a right to a reasonable expectation of privacy for our correspondence, in our homes and about our persons. In the 1970s, businesses, families and individuals started generating data like never before, ...

A global digital asset company says its revenue hit $250 million in the first half of 2022 — a 25% increase when compared with the same period a year earlier. Amber Group claims state-of-the-art trading infrastructure, effective risk management and a diverse client base has been instrumental to its profitability. Earlier this year, the platform completed a $200 million Series B+ funding round — with Temasek, Sequoia China, Pantera Capital and Coinbase Ventures among the participants. This hel...

A global digital asset company says its revenue hit $250 million in the first half of 2022 — a 25% increase when compared with the same period a year earlier. Amber Group claims state-of-the-art trading infrastructure, effective risk management and a diverse client base has been instrumental to its profitability. Earlier this year, the platform completed a $200 million Series B+ funding round — with Temasek, Sequoia China, Pantera Capital and Coinbase Ventures among the participants. This hel...

NFTs in the metaverse should generally be considered securities, but developers have been slow to recognize that fact. Expect a regulatory reckoning to come swiftly for Axie Infinity, Bored Apes, and other projects that have thrown caution to the wind. The metaverse is a futuristic iteration of the internet, featuring a digital economy and an immersive virtual environment alongside other interactive features. This relatively nascent space has gained so much traction in recent years that conse...

NFTs in the metaverse should generally be considered securities, but developers have been slow to recognize that fact. Expect a regulatory reckoning to come swiftly for Axie Infinity, Bored Apes, and other projects that have thrown caution to the wind. The metaverse is a futuristic iteration of the internet, featuring a digital economy and an immersive virtual environment alongside other interactive features. This relatively nascent space has gained so much traction in recent years that conse...