Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding coin minting sector. President Tokaev Calls for Legislative Regulation of Cryptocurrency Mining in Kazakhstan…
Blockchain gaming platform Enjin is establishing a new fund to support the development of the metaverse ecosystem and make it more decentralized. Enjin, a startup behind the nonfungible token (NFT)-focused blockchain Efinity, has formed a $100 million fund to support Efinity adopters as well as other related projects, the startup announced Thursday. It is now time for us to turn…
In brief Check Point Research has discovered a crypto phishing scam that has stolen at least half a million dollars. Metamask and Pancake websites have both been mimicked in the scam. Check Point Research (CPR) has discovered a massive search engine phishing campaign that has resulted in at least half a million dollars worth of crypto stolen from users. Over…
Wider adoption for nonfungible tokens (NFTs) and play-to-earn games appears on the horizon as one of the biggest names in the gaming industry sees both as the future of the industry. Speaking at an earnings call, Andrew Wilson, the CEO of the major video game company Electronic Arts (EA), said that NFT and play-to-earn games are the gaming industrys future…
In brief The man behind the infamous Twitter-Bitcoin scam attack was charged over a separate scheme yesterday. The infamous Twitter hack compromised the accounts of some of the biggest names in politics and culture. Joseph James O’Connor was charged with conspiracy to commit wire fraud, money laundering, aggravated identity theft, and conspiracy to commit computer hacking in New York earlier…
According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task. The head of the Iran Blockchain Association (IBA),Abbas Ashtiani, said that Iranian regulators such as the Central Bank of…
Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after the fintech startup Chipper Cash…
Global payment giant PayPal is going after cryptocurrency wallet TokenPocket over an alleged trademark infringement. Apple temporarily removed the TokenPocket wallet from the App Store, the company announced Nov. 4. According to the firm, the reason for removal was a complaint from PayPal concerning an alleged trademark issue. TokenPocket said that they received communications from PayPal over the dispute with…
Global crypto exchange Binance is starting a 100 million euro($115 million) initiative to develop the blockchain and crypto ecosystem in French and Europe, Binance CEO Changpeng CZ Zhao announced in a talk with French Minister Cdric O at the French Ministry of Finance in Paris. Binance is launching the new initiative, officially named Objective Moon, in partnership with the local…
The Sandbox, a blockchain-based metaverse game, has scored an investment of $93 million to keep expanding its metaverse proposal. The funding round was led by Softbank’s Vision Fund 2, an investment vehicle that puts funds on early tech-based companies. Other investors in the round included Animoca Brands, True Global Ventures, Liberty City Ventures, and Galaxy Interactive, among others. The…
