Making news this week is the bankruptcy of a crypto platform, Meta gives up on Novi, Upstart hits some headwinds, startup funding is down, the US Treasury develops a framework for crypto and more
The beginning of February '22 will be remembered for one thing: Facebook — and the tech market it has come to represent — had a terrible quarter.
Meta has delved into the world of NFTs and web3 to help creators monetize their assets. They say partnerships with fintechs are essential.
Silvergate, a US-based crypto bank that first partnered with the Facebook venture to create a stable coin last May, said in a release they paid $182 million for the operations infrastructure.