What happened to the bitcoin reserve behind Terra’s UST stablecoin?

Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to find out what happened to the more than $3 trillion in bitcoins bought up by crypto firm Terra to back its failed stablecoin. Now they’ve … Read more

China blockchain explainer: What is BSN?

China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino | Time | Getty Images Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology. In a speech in 2019, … Read more

Regulators anxious about stablecoins like tether after UST collapse

The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSDan “algorithmic” stablecoin that’s meant to be pegged one-to-one with the U.S. dollarhas erased much of its value this week after a … Read more

Tether (USDT) stablecoin regains peg after $3 billion in withdrawals

Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tetherthe world’s largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day. The cryptocurrency — which is … Read more

Disney Plus adds 8 million subscribers—but it’s still operating at a loss

Disney+Photo: NICK AGRO/AFP via Getty Images When Disney first launched its streaming service Disney+ back in November of 2019, it did so with a long-term mindset. Streaming was, presumably, the future, and so the company was willing to burn a lot of money to catch up with more established performers in the industry—most notably Netflix, … Read more

Twitter’s New Privacy Policy Is a Bad Video Game, Data Dash

Twitter Data Dash is an 8-bit themed video game featuring an offensively cute dog.screenshot: Twitter Twitter unveiled a game designed to help users get a handle on the platform’s privacy policies on Tuesday. It’s both cheery and deeply confusing. Twitter Data Dash tells the story of you and your dog Data navigating the different obstacles … Read more

the famous football video games will now be called “EA Sports FC”

The American publisher EA and the international football federation have ended a 30-year-old partnership. Football game fans Fifa will have to get used to it: after three decades of existence, their favorite saga will change its name. The divorce is indeed consummated between the international football federation and the video game publisher EA. The two … Read more

Nintendo Switch Sales Still Going Strong, Despite Chip Shortage

Photo: SOPA Images (Getty Images) Today, in its annual earnings statement, Nintendo cited the ongoing chip shortage as a reason for a precipitous annual dip in Switch hardware sales…while in the same breath saying it hit company targets. Well, technically. Over the course of Nintendo’s fiscal year 2022, which started last April and ran through … Read more

$70 Switch Controller is Excellent, Promises No Joy-Con Drift

Photo: Andrew Liszewski – Gizmodo Although it seemingly had little negative impact on console sales, every Nintendo Switch owner might one day experience the dreaded phenomenon of Joy-Con Drift. The only real solution to the issue so far has been to send your Joy-Cons and controllers back to Nintendo for repair, or just routinely replace … Read more

Earnings preview: Is Disney+ in for a wake-up call like Netflix?

Is the Walt Disney Co. headed for a subscriber miss, like its biggest streaming rival? disney SAY, -3.00% has ferociously eaten into rival Netflix Inc.’s NFLX, -4.35% subscriber base since launching Disney+ in November 2019, climbing to 129.8 million subscribers. That is more than half of Netflix’s total of 219.6 million, which declined by 200,000 … Read more