In brief Web3 game Blankos Block Party is the first NFT-powered game to launch on the Epic Games Store. Mythical Games’ title launched in open beta in 2020 via its own launcher, and the studio says it has drawn more than a million players to date. Blankos Block Party, an NFT-powered online creation game, launched today on the Epic Games…
Bitcoin (BTC) spent a second day threatening $20,000 support on Sep. 15 as markets processed the Ethereum (ETH) Merge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC stuck between price magnets’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking below $20,000 again overnight to recover marginally above the boundary for a brief period. The largest cryptocurrency broadly failed…
Major cryptocurrency exchanges, FTX and Bybit, are among the first crypto trading platforms to launch spot trading for Ethereum proof-of-work (PoW) tokens. While the Ethereum blockchain has not forked into two separate networks just yet, crypto exchanges are rushing to start trading of the EthereumPoW (ETHW) tokens. At the time of writing, ETHW Fork IOU token is now trading on…
Ethereum has officially transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) system after seven years of operating as a PoW blockchain. The Merge has forced ethereum miners to transition to other PoW-based tokens and after the ruleset change was codified, a handful of PoW coins compatible with the Ethash algorithm saw their hashrates skyrocket. Ethereum Classic’s hashrate has…
Chief U.S. Bankruptcy Judge Martin Glenn has appointed an independent examiner to oversee the Celsius bankruptcy case. According to yesterday’s order from the United States Bankruptcy Court of the Southern District of New York, the examiner will look into Celsius’ crypto holdings, the utility obligations of its crypto mining business, recent changes to its account offerings, as well as its…
Greenpeace and the Environmental Working Group have launched a $1 million smear campaign against Bitcoin following Ethereum’s Merge to PoS. The campaign has a petition urging Fidelity, BlackRock and others to move Bitcoin away from PoW. Opponents of Bitcoin need to understand how it actually works. Greenpeace and the Environmental Working Group have intensified their attack against Bitcoin’s proof-of-work (PoW)…
Sheila Warren, CEO of the Crypto Council for Innovation, said the Digital Commodities Consumer Protection Act currently being considered by U.S. lawmakers was a “pivotal step” towards achieving regulatory clarity, but recommended changes to determine the role authorities will take on digital assets. In written testimony for a Wednesday hearing on the bill with the Senate Agriculture Committee, Warren said…
This is the second part of my column about the crackdown on insider trading involving crypto. In the first part, I discussed the criminal indictment of Nathaniel Chastain, a former product manager at the OpenSea NFT marketplace. I also discussed the SEC’s allegations against former Coinbase employee Ishan Wahi, his brother and his friend, based on the “misappropriation” theory of…
Ethereum fell below $1,600 on Thursday, despite the successful completion of the highly anticipated Merge event. The event saw a migration from proof-of-work (PoW), to a proof-of-stake (PoS) system. Bitcoin was also lower in today’s session, with the token falling below the $20,000 level. Bitcoin Bitcoin (BTC) fell below $20,000 on Thursday, as sentiment surrounding cryptocurrencies remained bearish. Following U.S.…
With the Trade Ministry officially approving the use of cryptocurrencies for foreign trade, Iran will become the first-of-a-kind adopter in the world. The obvious problem with the news is that the country’s innovative policy obviously aims at circumventing financial sanctions that have been hampering its participation in the global economy for many years. These circumstances set an ambivalent tone for…
