Monat: Februar 2023

Tencent Lays Off 300 in Metaverse Unit: Major Corporations Reduce Staff

Tencent Lays Off 300 Staff From Metaverse Unit • Tencent, one of the largest Chinese tech companies, has laid off around 300 employees from its metaverse development teams. • The company had been developing a specialized metaverse ring controller but scrapped it due to high costs and poor profitability predictions. • Other major corporations like …

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Binance Leverages zk-SNARKs to Prove Reserves: More Security, More Privacy

• Binance, a cryptocurrency exchange, announced on February 10 that it will be using zk-SNARKs as part of its proof-of-reserves verification system. • This cutting-edge technology should enable the company to validate its reserves in a more secure and transparent way. • The upgrade should offer more privacy and security for users and is seen …

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