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Crypto and Gaming Collide in High-Risk ‘play-To-Earn’ Economies
Date: April 8, 2022
By Elizabeth Howcroft (Reuters) – Jarindr Thitadilaka says he made as much as $2,000 a month last year from his collection of digital pets, which he would breed and send into battle to win cryptocurrencies. The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games, dubbed “play-to-earn”, which...
Russia Takes Steps to Punish Google Over YouTube ‘fakes’
Date: April 7, 2022
(Reuters) – Russia’s communications watchdog said on Thursday it was taking steps to punish Google, including a ban on advertising the platform and its information services, for violating Russian law. The measures will apply to Google Search, the Google Play app store, YouTube, YouTube Music, Google Chat and Gmail. Roskomnadzor accused Google’s YouTube video-sharing platform,...
Musk Takes 9% Stake in Twitter to Become Top Shareholder
Date: April 4, 2022
By Nivedita Balu (Reuters) – Tesla Inc top boss Elon Musk revealed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site’s largest shareholder and triggering a more than 25% rise in the company’s shares. Musk’s move comes close on the heels of his tweet that he was giving a...
Europe Pursues Payment Response as Russian Gas Supply Threat Eases
Date: April 1, 2022
By Marwa Rashad LONDON (Reuters) -European governments and companies worked on a common approach on Friday to Russia’s demand that they pay for its gas in roubles as the threat of an imminent supply halt eased. European capitals have been on alert for a disruption to gas imports as Russian President Vladimir Putin seeks retaliation...
Analysis-As Foreign Digital Firms Leave, Russia’s Domestic Providers Pounce
Date: April 1, 2022
(Reuters) – Russian domestic tech companies, led by entities controlled or associated with state-owned gas giant Gazprom, are pouncing on the blockade and exodus of foreign internet firms, sensing opportunities in Russia’s growing digital isolation. Russia has restricted access to Twitter and Meta Platforms’ flagships Facebook and Instagram since sending thousands of troops into Ukraine...
In Istanbul and Dubai, Russians Pile Into Property to Shelter From Sanctions
Date: March 28, 2022
By Ceyda Caglayan, Saeed Azhar and Riham Alkousaa ISTANBUL/DUBAI (Reuters) – Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow’s invasion of Ukraine and Western sanctions, according to many property companies. “We sell seven to eight units to Russians every...