Epic Games, the company behind Fortnite, has announced that it will be expanding its presence in the world of NFT games by introducing almost 20 new games on its marketplace. While the company won’t be developing or publishing these games itself, it is actively embracing the growing trend of Web3 gaming. Despite the challenges the
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During an interview with Bankless on May 29, Binance CEO Changpeng Zhao spoke about recent controversies surrounding the company. Binance has been trying to counter reports from various mainstream news outlets, including Forbes, the Financial Times, and Reuters, regarding allegations of fund misuse and supposed ties to China. Zhao suggested that the negative coverage of
Bitcoin blockchain has recorded over 10 million inscriptions using the Ordinals protocol, according to data from Dune Analytics. The majority of these inscriptions were recorded within the last month. Ordinals protocol allows users to embed data into a single identifiable satoshi, thereby opening up potential applications. Ordinals Inscriptions Ordinals inscriptions were first used for producing
The Indonesian province of Bali has recently warned tourists against using cryptocurrencies for payments, stating that those who violate this rule will face severe consequences. The provincial governor, Wayan Koster, made the announcement during a press conference on May 28, where he explained that foreign visitors who use crypto as a means of payment are
In a joint motion to dismiss a lawsuit by the US Securities and Exchange Commission (SEC) against Gemini and Genesis Global Capital, the two cryptocurrency firms have stated that the SEC has no legal basis to describe the Earn program as the sale of unregistered securities. Gemini and Genesis have insisted that the program was
BKEX, a cryptocurrency exchange, has halted all withdrawals due to funds being used for money laundering. The exchange issued a statement on May 29, stating that it was cooperating with law enforcement agencies to gather evidence. BKEX has assured its customers that it would do everything possible to restore normal operations. Withdrawals Suspended Indefinitely The
The highly controversial Digital Asset Mining Energy (DAME) excise tax was not included in the latest Fiscal Responsibility bill to tackle the Debt Ceiling crisis. The proposed 30% tax on energy costs for cryptocurrency miners drew widespread criticism from stakeholders within the crypto-mining sector and US lawmakers. The omission of the tax has been widely
The Reddit Collectible Avatars NFTs are set to achieve a significant milestone as they approach 10 million holders. The collection has become one of the most recognizable NFT collections in the global marketplace since its inception in July 2022. The collection’s growth has been steady, and it currently has a market cap of $44.1 million,
Fractional NFTs, or non-fungible tokens, have emerged as a new way to invest in high-value assets like real estate, fine art, luxury goods, and rare items. By splitting a single NFT asset into smaller pieces, fractionalization allows partial ownership of an NFT. This makes it possible for investors who wouldn’t be able to purchase the
Following the tentative deal between the White House and House Republicans on the US debt ceiling, the cryptocurrency sector has been showing signs of a short-term recovery. The positive sentiment from the US equities markets has also rubbed off on cryptocurrencies. Although buying has not been limited to Bitcoin (BTC), select altcoins are also showing
The Commodities Futures Trading Commission (CFTC) has taken action against five individuals for their involvement in promoting fraudulent bitcoin and cryptocurrency trading services. The CFTC claims that the defendants targeted Spanish-speaking investors and swindled them out of their funds. The five individuals are David Carmona, Juan Arellano Para, Moses Valdez, David Brend, and Marco A.
Ethereum has recently undergone a historic Merge event in September, which has transformed it into a proof-of-stake blockchain. This entails validators staking their Ether (ETH) to confirm transactions. Ethereum’s March upgrade, known as Shanghai, has enabled stakers to withdraw their locked Ether. Ethereum’s investment themes include decentralized finance (DeFi), stablecoins, Bitcoin (via wrapped versions of
VeVe is an app-based marketplace that offers a wide range of premium licensed non-fungible tokens (NFTs) from some of the most iconic brands, including Marvel, Disney, and DC Comics. The platform allows users to buy, sell, and trade digital collectibles, customise and showcase them in virtual showrooms, and interact with others in the VVVerse, VeVe’s
Over the past year, the market dominance of stablecoins pegged to the United States dollar has undergone significant changes. According to data from CoinGecko, while most stablecoins have experienced a downward trend, Tether (USDT) has climbed back to its all-time high. During the past 12 months, the market share of Circle’s USD Coin (USDC) reduced
Pepe meme coin has experienced a significant decrease in value, dropping over 60% from its all-time high on May 5th to around $0.00000143. Social engagement for Pepe has also decreased by 31.5% in the past week. While a decrease in interest is expected after a parabolic run like what Pepe experienced, the question remains whether
The Wall Street Memes crypto project’s presale began on May 26, 2023, and is available for investors to buy at $0.025 during the first round of thirty total stages. It is a way to invest in WSM coin before it is listed on crypto exchanges in Q3 – Q4 2023. The WSM presale is open
DeeLance, a web3 freelancing and remote work metaverse platform, has secured a strategic investment of $1.12 million from Bitgert Ventures, a top venture capital (VC) investment firm. The investment will help fund the development of DeeLance’s blockchain-powered metaverse, which has been generating hype in web3 circles and is expected to disrupt the web2 platform-centric freelance/gig
NEO cryptocurrency has seen a 15% price increase in the past week, making it one of the top-performing assets in the market. NEO positions itself as an open-source platform with the goal of being the foundation for the future Internet, offering digital payments, identities, and assets. At the time of writing, NEO’s price is at
China has been known for its hard stance on trading and owning cryptocurrencies like Bitcoin and Ethereum. However, the country seems to be opening up to some parts of the industry. Despite its strict cryptocurrency regulations, China is pushing for the development of Web3. Web3: Future Internet Industry Development During the parallel forum of the
According to a recent note by JPMorgan’s analysts, Bitcoin’s price could skyrocket to $45,000 if the leading cryptocurrency starts to resemble the price performance and investment structure of gold. Bitcoin’s YTD performance has been remarkable, with the asset starting 2023 under $17,000 after a turbulent 2022. However, it broke above that level in the first
Jimbos Protocol, which is a liquidity protocol of the Arbitrum system in the decentralized finance (DeFi) space, has become the latest victim of a hacking attack. The attack resulted in the loss of 4,000 Ether (ETH), worth approximately $7.5 million at the time. PeckShield, a blockchain security firm, reported that the attack occurred on May
The Federal Bureau of Investigation (FBI) in the United States has issued a warning against fake job advertisements that lure people to Southeast Asia and force them to commit international crypto scams on unsuspecting victims. These scam mills usually put up ads on social media and lure their victims by promising well-paid jobs. However, upon
Ethereum, the second most valuable crypto asset by market cap, continues to gain popularity due to its flexibility in decentralized transfer, decentralized financial trading, and smart contracts. Despite its first-mover advantage, regulatory actions targeted at the crypto space could serve as a stumbling block for Ethereum’s growth. Nevertheless, it is still expected to post an
As the crypto market slowly regains its footing, meme projects such as Milady Meme Coin, Doge Killer and Tamadoge have been unable to catch the bullish waves. They have recorded losses of 1.13%, 2.11%, and 2.65%, respectively, in the past day and between 1.87% and 42.67% in the past week. This growing sentiment across the
Recent data from Glassnode shows that the amount of Ether held on centralized crypto exchanges has hit a five-year low, with only 17.8 million ETH currently on these platforms. This represents less than 15% of the total token supply of the Ethereum network. To compare, during the bull market in 2021, the exchange balance was
Bitcoin’s price has been moving within a narrow range in the past few weeks after breaking below the 50-day moving average. The current market situation presents several potential scenarios that could unfold. On the daily timeframe, Bitcoin’s price has yet to display a significant upward or downward movement. If a rally takes place in the
Beijing has released a white paper on “Internet 3.0 Innovation and Development,” which highlights advancements and support for web3 and the metaverse. The release of this white paper coincides with Hong Kong’s regulatory push for cryptocurrency exchanges. The simultaneous release of these two events could signal a more open approach to digital assets in the