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Once a key player in the metaverse realm, Roblox anticipates a challenging 2024 as its investors voice concerns regarding the company’s ability to achieve sustainable profitability. Roblox, previously touted as a metaverse hub within the gaming platform space, is gearing up for a tough year ahead as its financial health continues to deteriorate, as per Sahil Alvi, the founder of Neuron Partners, an early backer of Roblox. In an interview with Fortune, Alvi did not hide his frustrations, noting that Roblox’s shares are still far from its IPO price achieved in Q1 2021. “We’ve been watching the stock languish for the better part of two years. It doesn’t seem the leadership team has gotten the memo that times have changed and markets no longer reward growth for growth’s sake.” Sahil Alvi You might also like: ‘Metaverse technology is still immature, but in 30 years, everyone will use it’ While Alvi did not detail his firm’s st...

More and more Ethereum blockchain operators have complied with sanctions from the OFAC, raising censorship concerns among decentralization proponents and network participants. Toni Wahrstätter, an Ethereum researcher, noted that five of the six largest block builders on Ethereum’s blockchain actively censor certain transactions in line with the Treasury Department’s Office of Foreign Assets Control (OFAC) directives.  Most of these censor ed transactions originate from decentralized mixer Tornado Cash, according to Wahrstätter, a protocol blacklisted by the Treasury Department due to its use by bad actors, including the North Korean hacker organization Lazarus. New dashboard online – https://t.co/1Pnbe14NLG May it shed light onto the extent of censorship and guide us towards implementing practical solutions for enshrining a strong form of censorship resistance. More info pic.twitter.com/zyau9L3W1h — Toni Wahrstätter (@nero_eth) September 26, 2023 Wahrstätter’s resea...

Two United States lawmakers have written to Apple CEO Tim Cook, raising concern about how the company’s guidelines may restrict crypto and NFTs. Congressman Gus Bilirakis of Florida and his Illinois counterpart Jan Schakowsky, on July 28, jointly sent a letter to Apple CEO Tim Cook expressing concern that Apple’s App Store guidelines could potentially curb the growth of emerging technologies such as blockchain and non-fungible tokens (NFTs).  Today, I sent a bipartisan letter to @Apple regarding iOS App Store policies and their impact on emerging technologies like blockchains and NFTs. Congress must understand if Apple's policies are limiting innovation and American technological leadership. Full letter below: pic.twitter.com/Sda7qtEaql — Gus Bilirakis (@RepGusBilirakis) July 28, 2023 The two lawmakers claim Apple App Store’s policies could affect the country’s leadership status in the technological landscape. The letter posed several questions to Cook, a...