YouTube to Offer a Stripped-Down Version for Schools and Colleges; SEC to Direct Growing Crypto Issuer Filings: Tech Market Roundup

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What's new today: Walt Disney Co has sketched the contours of a plan for technology; SEC is focusing to address growing crypto issuer filings

Fast-Trach Insights: Here's another reason for Elon musk to drop the Twitter purchase; YouTube will offer a stripped-down version of its site tailored for schools and colleges!

An army of computer programmers scattered across the globe is set to attempt one of the biggest software upgrades the crypto sector has ever seen this week to reduce its environmentally unfriendly energy consumption. Developers have spent years working on a more energy-efficient version of the Ethereum blockchain, a digital ledger that underpins a multibillion-dollar ecosystem of cryptocurrencies, digital tokens (NFTs), games, and apps.

The Securities and Exchange Commission (SEC) decided to establish two additional offices this autumn to offer specialist support to the seven offices already in charge of reviewing issuer filings due to the surge in filings from cryptocurrency issuers in the United States, as stated by Cointelegraph.

Walt Disney Co has sketched the contours of a plan for how the entertainment, theme parks, and consumer products conglomerate will use technology to enhance storytelling for the next 100 years. Chief Executive Bob Chapek described Disney's vision for the metaverse as "next-generation storytelling." He wants to use data gleaned from theme park visits and consumers' streaming habits to deliver personalized entertainment experiences, including from the company's Marvel and Lucasfilm studios.

YouTube plans to license this service, called Player for Education, to education technology companies, which can then filter YouTube's enormous library with different restrictions. The service won't run advertisements or serve video recommendations. Initially, YouTube works with EDpuzzle Inc., Purdue University Global Inc., and Google Classroom, a product from YouTube's parent, Alphabet Inc.'s Google.

Elon Musk told Twitter Inc. that a US$7 million severance payment to a whistle-blower who raised questions about problems at the company gives him another reason to walk away from his US$44 billion purchase of the social media platform.