Web3 social media protocol launches ‘layer 3’ to provide instant posts
    27 Apr 2023
    185 Views

    The new layer relies on Bundlr, a decentralized storage platform built on Arweave, for mass storage of social media data. The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments…

    Metaverse division’s $4B loss drags on positive first quarter for Meta
    27 Apr 2023
    170 Views

    Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023. Meta suffered a nearly $4 billion loss from its metaverse unit with Reality Labs in what was otherwise a solid first quarter for the Mark Zuckerberg-led social media empire, which posted a final profit of $5.7 billion. While the $4 billion loss follows a…

    One crypto wallet launched 114 dodgy memecoins in two months
    27 Apr 2023
    148 Views

    According to ZachXBT, one alleged scammer in particular launched around 114 projects in the past 45 days alone. Crypto scammers have been ramping up the launch of spurious memecoins over the past two months, according to crypto sleuths. According to research from blockchain sleuths ZachXBT, one address, in particular, has launched “114 memecoin scams” in…

    Hong Kong security regulator to issue crypto license guidelines in May
    27 Apr 2023
    219 Views

    The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung. The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on…