(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Everything is relative except maybe the speed of light. So, when I proclaim that Central Bank Digital Currencies (CBDC)...Read More
The issuer of the stablecoin USDC – Circle – announced investing in the Circle Reserve Fund to manage a portion of the USDC reserves. The SEC-registered fund was set up by BlackRock, and its portfolio will consist of cash and US Treasury funds. Circle Reserve Fund The government money market fund was created in partnership...Read More
Solana – which prides itself on being a decentralized censorship-resistant network – is, like any other blockchain, heavily dependent on cloud computing. As a result, it remains vulnerable to centralized providers, who can halt servicing the network at any time. Yesterday, one of Solana’s main network providers decided to stop providing their services to entities...Read More
FTX CEO Sam Bankman-Fried (SBF) broke down his decision to pass on investing in Twitter at the Forbes Iconoclast Summit on Thursday. Though excited about Elon Musk’s plans, the young billionaire believed his company had little to contribute to help them manifest. Nothing to Offer As SBF summarized over Twitter on Thursday, his company’s strengths...Read More
[PRESS RELEASE – Please Read Disclaimer] BC.GAME has invested 700 ETH in multiple NFTs with the ultimate goal of boosting the metaverse and iGaming sector. The ETH amount has been spread into 5 BAYC, 3 CryptoPunks, 1 Clonex, 2 Azuki, and 3 latest Art Gobblers. The cost of 700 ETH is believed to help the...Read More
Gaming has long been touted as one of the best use cases for blockchain-based technology, and the past couple of years put that to the test. Amid the various trends that we saw come and go during the last bull market, play-to-earn is perhaps the one that many people had their sights set to. In...Read More
According to a KBS News report, Do Kwon, who co-founded the Terra blockchain project, is now in Europe. Fatman, a whistleblower for Terra who has been making scathing claims against Kwon and other Terraform Labs partners in recent months, learned of the information. Additionally, according to the prosecution, they have chat records that show price...Read More
Monkey Drainer has wreaked havoc yet again after stealing $800k worth of seven Crypto Punk and twenty Otherside NFTs, according to on-chain sleuth ZachXBT. Blockchain security firm, PechShield, also confirmed that the theft was carried out by a wallet tagged as Monkey Drainer. The stolen funds were then transferred to the coin mixer Tornado Cash....Read More
The notorious Co-Founder of Terraform Labs – Do Kwon – is said to be in Europe. He vowed to organize a conference soon and lift the curtain on his mysterious location. The South Korean, who is a primary target for Interpool, even invited law enforcement agents to participate in the event. Terra’s colossal crash in...Read More
Blockchain-based gaming platform Gala Games claimed that “everything is fine” after reports of billion-dollar-rug pull surfaced. It all started with a misconfiguration of the pNetwork bridge triggering the additional issuance of GALA GAME, following which a large number of additional tokens were recharged and sold on Huobi. This, in turn, caused GALA to fall by...Read More
The popularity of blockchain-based gaming has been skyrocketing in the past year as more and more projects attempt to provide the ultimate experience. While traditional gaming focuses solely on entertainment, blockchain games also attempt to integrate an earning mechanism where players can enjoy the best of both worlds. This is, perhaps, the main reason why...Read More
Coinbase Global Inc. (NASDAQ: COIN) released its third-quarter 2022 earnings results on Thursday. According to a letter to shareholders, the company reported mixed earnings results for the third quarter. Consequently, the company’s shares closed Thursday trading at $55.80, down 8.09 percent from the day’s opening price. However, COIN shares have regained approximately 5 percent during...Read More
On Nov. 3, Coinbase Inc. had its third-quarter earnings call, reporting that revenue had missed analysts’ expectations. Company revenue plunged more than 50% from the previous year earlier as trading activity dwindled. This resulted in a loss of $545 million compared to a profit of $406 million in Q3 2021. In a letter to shareholders,...Read More
India’s anti-crypto policy came into sharp focus at the prestigious Singapore Fintech Festival (2-4 November), where Binance CEO flagged high tax rates as undoing the fledgling crypto business in the country. With over 60,000 participants and 850 speakers representing top global financial services, banks, and policymaking bodies, Singapore Fintech Festival (SFF) is one of the...Read More
