Amidst a drastic decline in coin prices, shifting player behavior, and hard-to-maintain tokenomics, it’s been a difficult year for many GameFi developers. While more established franchises, such as Axie Infinity, have held ground, other lesser-known projects like Elexir have mostly pulled the plug, with a lack of viable game designs being unable to compensate for the “Fi” element in GameFi.…
press release PRESS RELEASE. Global crypto exchange LBank has registered as a Virtual Asset Provider with Italian regulator Organismo degli Agenti e dei Mediatori (OAM). The regulatory approval allows the exchange to offer a range of services and products to Italian users. On the 1st of February 2023, LBank completed its registration with the OAM as a Virtual Asset Provider,…
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over US Stifling Crypto Staking and…
In this week’s episode of Market Talks, Cointelegraph welcomes Average Joe’s Crypto, a research analyst and writer. He authors his own blog, which focuses on all things crypto, Web3 and decentralized finance (DeFi). Without wasting any time, we jump straight into why artificial intelligence (AI) tokens have been going parabolic recently. Why have tokens that use artificial intelligence in some…
Popular rock band Linkin Park is back with a never-before-released song pulled from its archives, as well as a brand new music video—and it has a Web3 connection: it’s directed by noted digital artist Emily “pplpleasr” Yang and Maciej Kuciara, co-founders of Web3 video platform Shibuya. A teaser for the “Lost” music video was shared through Linkin Park’s official social…
New Hampshire is on the verge of becoming a national leader in cryptocurrency if its legislature follows through on recommendations made by a commission appointed by Governor Chris Sununu. The recommendations would establish a legal framework for blockchain and crypto businesses in the state, providing clarity and certainty to entrepreneurs and regulators while avoiding the onerous and largely pointless special…
Individuals involved in Celsius’ bankruptcy case objected to a motion made by the defunct crypto lender that would extend a key deadline for the second time. Since it filed for Chapter 11 bankruptcy in July of last year, the company has had the exclusive right of putting forth a restructuring plan for the lender. In December, the court overseeing Celsius’…
Chainlink rallied to a three-month high during Thursday’s session, despite a red wave sweeping through cryptocurrency markets. Today’s surge came as the token broke out of a key resistance level. Dogecoin, on the other hand, was victim to today’s market sell-off, falling to a ten-day low in the process. Chainlink (LINK) Chainlink (LINK) raced to a three-month high earlier in…
Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurrency lender. On Feb. 9, Bitfarms disclosed that it had settled its $21 million debt obligations with BlockFi for a single $7.75 million cash payment. The settlement was reached weeks after Bitfarms warned that it might default on its…
Decentralized finance, often referred to as DeFi, is a movement in the cryptocurrency and blockchain spaces that can be difficult to pin down exactly. It is both a large-scale vision for a new way of conducting financial transactions—free from intermediaries, central authorities, and done exclusively in a peer-to-peer modality—as well as an umbrella term for scores of non-custodial financial products…
