Ready Games, provider of developer and creator tools for the Web3 community, will launch a new ecosystem with the goal of incentivizing Web2 game creators to explore and switch to Web3 with minimal development time and cost while distributing games “as normal” through traditional app stores. On Friday, the company announced the launch of the ecosystem that will include the…
The SEC has reached a $5.5 million settlement with Nvidia for failing to disclose the impact of cryptocurrency mining on its gaming business in two quarterly filings in 2018. “Without admitting or denying the SEC’s findings, NVIDIA agreed to a cease-and-desist order and to pay a $5.5 million penalty,” reads a release from the SEC. Nvidia started mentioning crypto mining…
With the help of the Bored Ape Yacht Club’s Otherside land sale, non-fungible token (NFT) sales have increased a great deal this week. NFT sales increased 74.77% during the last seven days, capturing $1.71 billion in sales volume among 266,918 traders. 7-Day NFT Sales Volume Jumps 74% to $1.71 Billion, Otherdeed NFT Collection Captures $787 Million in Global Sales NFTs…
Ethereum’s native token Ether (ETH) tumbled to its worst levels in almost two months against the U.S. dollar on May 6 as the rout in financial markets rippled across the cryptocurrency sector. Nonetheless, ETH did fare better than Bitcoin (BTC) with the ETH/BTC pair hitting a three-week high. ETH/BTC daily price chart. Source: TradingView The Merge impact Many analysts credited Ethereum’s…
An apartment in Braga, Portugal was sold for 3 BTC on Thursday in the first-ever real estate sale directly and entirely made in bitcoin, local news outlet Idealista reported. The feat was possible thanks to new rules that became effective last month setting the directives as to how owners and real estate agents could sell properties for cryptocurrency directly. Before…
How Coinbase is using Relay and GraphQL to enable hypergrowth By Chris Erickson and Terence Bezman A little over a year ago, Coinbase completed the migration of our primary mobile application to React Native. During the migration, we realized that our existing approach to data (REST endpoints and a homebuilt REST data fetching library) was not going to keep up…
Bitcoin (BTC), the original cryptocurrency that started it all and even today continues to drive the market sentiments, has faced numerous challenges along the way. The latest challenge seems to be around its mining consensus, proof-of-work (PoW) and its consequent impact on the environment. Bitcoin network’s high energy consumption was one of the hottest topics last year, with the likes…
The central bank of Argentina has banned financial institutions from offering any services involving cryptocurrencies like bitcoin. The ban comes days after the largest private bank in Argentina announced it would begin offering such services to its clients. An alert released from the central bank last year showed its reluctance to cryptocurrencies, also exhibited in today’s ban. The Central Bank…
Japanese conglomerate Sony Electronics collaborates with blockchain video delivery network Theta Labs to launch nonfungible tokens (NFTs) that can be viewed in mixed reality through Sony’s Spatial Reality Display, a monitor that lets people perceive things in 3D without using traditional 3D accessories. The Spatial Reality Display tracks eye movement and adjusts the display as the viewer moves, giving users…
“This (Bitcoin) isn’t going to stop. Crypto mining may move somewhere where there is little or no concern for the environment.” –Ken Pokalsky, Vice-President of The Business Council of New York State Pokalsky’s words echoed the sentiments of the half dozen speakers assembled at the New York State Capitol in Albany on May 2, 2022. Gathered on the Capitol’s famed…
