Intercontinental Exchange will take its cryptocurrency business public by merging it with a special purpose acquisition company, The Wall Street Journal reported Monday morning. The business, called Bakkt, is expected to be valued at $2.1 billion after it merges with VPC Impact Acquisition Holdings. As the Journal notes, the deal fuses two of today’s hottest investing trends, cryptocurrency...
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Meta’s Twitch Competitor Cuts Contracts With Gaming Creators
Since 2018, Meta Platforms has paid videogamers to stream their play on Facebook’s gaming service, its alternative to Twitch. Now, in a new era of austerity, Meta is cutting back on those payments. Facebook Gaming in the second half of last year dropped its contracts with at least 200 creators that paid them to spend time streaming on the web service, according to two people with direct...
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