Flagstar Bank agreed to a deal with the Federal Deposit Insurance Corporation to purchase most of Signature Bank, though the deal does not include roughly $4 billion of deposits related to the bank’s crypto business, the FDIC announced Sunday. Signature was taken over by New York state regulators last week and was placed into a receivership with the FDIC. The bank had a significant crypto...
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Don’t Count the Metaverse Out
The technology hype cycle would have us believe that the metaverse—so recently the darling of digital trendsetters—is on the decline, its place usurped by generative artificial intelligence. Yet this narrative, while superficially attractive, is a fiction. The truth is that emerging technologies are part of a synergistic ecosystem. Rather than heralding the demise of the metaverse,...
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