J.P. Morgan opens "Onyx lounge" in Decentraland, a virtual world in the metaverse. Users can buy plots of land in the form of NFTs and make purchases using cryptocurrency. The company says it can operate like a bank in the virtual world much like it does in the real world.
The European Data Protection Supervisor (EDPS) has called for a bloc-wide ban on Pegasus spyware. The spyware was used to target journalists, activists and politicians in several European Union member states. The watchdog cited the spyware's “powerful’ features, such as its ability to be silently installed on devices.
TSMC's new Arizona chip-making plant has run into construction delays. Work has fallen three to six months behind schedule due to a mixture of labor shortages, COVID-19 surges, and complexities in obtaining construction licenses. TSMC originally hoped that the construction of facilities would have reached the point that it’d be able to start moving in chip- making equipment by September.
Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all rallied on Tuesday. Russian military units will start returning to permanent bases after completing drills near Ukraine border. Russian President Vladimir Putin said Tuesday he was open to security discussions with the West on negotiating the crisis.
Berkshire Hathaway bought about $1 billion worth of shares in Activision Blizzard. The company jumped in before Microsoft agreed to buy the video-game publisher. Berkshire owns 14.66 million shares valued at $975 million as of the end of 2021. Bill Gates, the co-founder and former CEO of Microsoft, will step down from the boards of Berkshire and Microsoft in 2020.
Roblox is a children's game platform which allows users to create and play games together. It's one of the most popular games in the world, with two-thirds of US children using it. In 2020, Robl Rox told Bloomberg that two- thirds of all US children between the ages of nine and 12, use the game.
BlockFi agrees to pay $100 million to settle charges related to its popular crypto lending product. The company touts itself as a bank-like platform for crypto users. It offers a popular savings product that lets clients accrue interest on their digital currency holdings. Bitcoin and other digital assets are not regulated.
Intel Corp. is close to a deal to buy Israeli chip company Tower Semiconductor Ltd. for nearly $6 billion, according to people familiar with the matter, bolstering a plan to make more chips for other companies. A deal could be unveiled as soon as this week, assuming the talks don’t fall apart, the people said.
Shift4 founder Jared Isaacman has unveiled a Polaris Program that will include ‘up to’ three crewed SpaceX flights. The first, Polaris Dawn, is planned for the fourth quarter of 2022 and should include the first commercial spacewalk. The program will also aim for the highest-ever Earth orbit and conduct health research.
Apple has been fined €5 million by the Dutch antitrust watchdog for not complying with an order to allow local dating apps to use non-Apple payment tech. The regulator says Apple is applying ‘unreasonable’ conditions to local dating app providers. Apple’s total fine, including earlier penalties for failing to comply, now stands at €20 million. The fine could increase further if Apple fails to meet the regulator’S demands.