2023 brought the crypto sector face to face with regulatory and macro-economic challenges – that kept the price points of majority cryptocurrencies relatively low. Despite the volatility that the sector witnessed last year, several corporate firms did not lose hope on their crypto engagements. Social networking platform Reddit and Jack Dorsey’s fintech firm Block are … Read more
With an evident expansion of the global crypto economy underway, the industry of crypto mining has emerged as an integral part of the overall Web3 ecosystem. Jack Dorsey, the founder and former CEO of X (formerly Twitter) has realised the potential of the growing crypto mining business and has forayed into the industry. Dorsey, through … Read more
Microsoft said it would license Activision Blizzard’s Call of Duty (CoD) to Sony for 10 years to address concerns raised by Britain over its $69 billion (roughly Rs. 5,65,300 crore) takeover of the games maker, according to a document published by the regulator. Microsoft last month struck a similar deal with Nvidia’s gaming platform, dependent … Read more
After Binance and Coinbase, the authorities in the US are now reportedly opening an investigation on the crypto business of Jack Dorsey’s payments firm, Block. As per reports, the US authorities have identified compliance violations from the fintech company that has now opened a deeper probe into its business practices. For some time now, authorities … Read more
Microsoft’s president Brad Smith said the UK regulator’s decision to prevent its acquisition of Call of Duty maker Activision Blizzard “had shaken confidence” in Britain as a destination for tech businesses. The Competition and Markets Authority (CMA), which operates independently from government, blocked the deal on Wednesday, saying it could hit competition in the nascent … Read more
Microsoft is challenging Britain’s decision to block its $69 billion takeover of Call of Duty maker Activision Blizzard on the grounds of “fundamental errors” in the assessment of Microsoft’s cloud gaming services. Britain’s anti-trust regulator, the Competition and Markets Authority (CMA), vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming … Read more
Indian crypto exchange Giottus announced its upcoming Web3 hackathon in India named ‘Block Bash’ on Thursday, August 8. The exchange has teamed up with Crewsphere, a homegrown layer-1 blockchain focused on decentralising the modern Internet. The hackathon aims to tap into India’s Web3 talent, showcasing the country’s skilled developers who have the potential to drive … Read more
Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick are among the witnesses planned for a five-day evidentiary hearing set to begin this week on the Federal Trade Commission’s legal bid to block the deal, according to a court filing on Tuesday. The FTC is seeking a preliminary injunction to block Microsoft from completing … Read more
Microsoft’s appeal against Britain’s block on its $69 billion (nearly Rs. 5,66,100 crore) takeover of Activision Blizzard was formally paused by a London tribunal on Monday, to give the parties more time to resolve the dispute. Microsoft, Activision, and Britain’s competition regulator, the Competition and Markets Authority (CMA), had all asked for a two-month stay … Read more
The US Federal Trade Commission official on Thursday withdrew the agency’s case before an in-house judge that sought to block Microsoft’s $69 billion (roughly Rs. 5,66,200 crore) acquisition of game-maker Activision. The agency has been pursuing a two-pronged attack against the proposed transaction. One was in district court, which refused last week to slap a … Read more