Final Fantasy creator Square Enix is set to double down on blockchain game development despite turbulence in the crypto market, according to a Jan. 1 letter from the company’s president, Yosuke Matsuda. The letter, titled “A New Year’s Letter from the President,” aimed to recap the company’s major accomplishments in 2022 and explain its plans for 2023. Out of 15…
Bitcoin (BTC) had a bumpy ride throughout 2022, along with the rest of the digital asset market. The cryptocurrency began the year exchanging hands around $46,700 and is currently trading over 64% down at $16,560 at the time of writing. Consequently, the coin’s market capitalization took a tumble from around $900 billion on Jan. 1, 2022 to end the year…
On its surface, Andy Greenburg’s new book, Tracers in the Dark: The Global Hunt for the Crime Lords of Cryptocurrency, is a standard crime story. Fans of true crime podcasts will enjoy the crypto version and get a seat in the Federal Bureau of Investigation van as United States federal agents track down criminals through their crypto transactions. The first…
Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the cryptocurrency on U.S. elections, the issuance of the volcano bonds, and also the construction of Bitcoin City. However, he missed the…
The Crypties 2022: Highlight Reel In December 2022 at Art Basel in Miami, Decrypt Studios held the inaugural Crypties awards gala. With emcee Josh Ostrovsky (“The Fat Jewish”) and presenters from a range of crypto projects, statuettes were awarded in nine categories. The evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous,…
Having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. Source: https://cointelegraph.com/news/new-year-same-old-troubles-the-ftx-saga-continues-in-2023-law-decoded-dec-26-jan-2
Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or crypto — an initiative the 118th Congress could address following a shift in leadership. Beginning on Jan. 3 as the next session of the U.S. Congress opens, Republicans will take control of the House of…
Decentralized finance (DeFi) is defined as any product or service offered by the Web3 world that helps users conduct financial activities such as payments, borrowing, lending, investing, trading and staking. Several Web3 use cases, including DeFi, GameFi, SocialFi and nonfungible tokens (NFTs), emerged through the last bullish cycle. DeFi has been the largest market cap activity within Web3, with a…
Crypto had a terrible, horrible, no good, very bad year in 2022. Coins began tanking at the start of Q2 and never rallied; Terra collapsed in May, leading to the bankruptcies of Celsius, Voyager, and Three Arrows Capital; the Feds sanctioned Tornado Cash in August; FTX collapsed in November, leading to the bankruptcy of BlockFi and warning signs from Genesis…
Even as crypto markets remain down and many video game enthusiasts vocally oppose the potential for NFTs in gaming, one major game publisher remains focused on Web3 gaming: Square Enix, the creator of major franchises like Final Fantasy and Dragon Quest. The Japanese firm has gradually increased its investment and presence in the Web3 space over the last few years,…
