Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to the contagion relating tocollapse of crypto hedge fund, Three Arrows Capital (3AC). DCG reportedly lost $1.1 billion last year, according to its Q4 2022 investor report, and said the results “reflect the impact of the Three Arrow Capital default upon…
Yat Siu of Animoca Brands: ‘The Future of Crypto and Web3 Is Culture’ Animoca Brands chairman Yat Siu spoke to Decrypt’s Dan Roberts at NFT Paris about the open metaverse, NFTs and gaming, building through a bear market, and why Animoca believes the future of the industry is culture and gaming. Source: https://decrypt.co/videos/live-events/m0GcvqKL/yat-siu-of-animoca-brands-the-future-of-crypto-and-web3-is-culture
COO of Move-to-Earn App STEPN: ‘We’re Thriving, Not Just Surviving’ Shiti Manghani, COO of Stepn, the app that lets users earn tokens for exercising, spoke to Decrypt’s Dan Roberts at NFT Paris about Stepn’s current health, its plans to addnew achievement systems for the top users, and parent company Finding Satoshi Labs and its plans to launch more apps. Source:…
Yuga Labs, the $4 billion company behind dominant NFT collection Bored Ape Yacht Club, will debut its first-ever Bitcoin-based NFT project later this week, the company announced Monday. The collection, TwelveFold, will consist of 300 limited-edition generative art pieces each inscribed to the Bitcoin blockchain. It’s one of the highest-profile launches to date via Ordinals, a recently-launched way of committing…
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that it will suspend trading of…
Robinhood Markets has confirmed that it had received an investigative subpoena from the United States Securities Exchange Commission (SEC) over its digital asset business’ crypto listings, custody and platform operations. In a 10-K filing, the brokerage said it received the investigative subpoena in December shortly after crypto exchange FTX filed for bankruptcy in November, and after “several other major cryptocurrency trading…
Esports player Kyle “Mongraal” Jackson has sold his winning “Dookey Dash” key NFT to billionaire entrepreneur Adam Weitsman for 1,000 ETH, or $1.63 million, the 18-year-old gamer announced Monday. Mongraal had previously listed the key NFT for sale for 3,333 ETH, which is equivalent to $5.43 million. “Super nice guy and thrilled the sale went through with him,” Mongraal said…
Robinhood Markets Inc., the firm behind the popular trading app, said today that it was subpoenaed by the Securities and Exchange Commission in December. The company disclosed the investigation in its most recent 10-K filing with the SEC. In it, the company lists among the various disclosures of potential risks to its business a subpoena from the SEC regarding Robinhood’s…
Ethereum’s fee market is slowly returning to form amid a recent resurgence in NFT trading activity across the network. According to on-chain analytics firm Glassnode, the median price for gas powering Ethereum transactions cost roughly 10 to 20 gwei over the past 9 months. This month, that cost had risen to 38 gwei—higher than during key bear market events including…
Many crypto builders see video games as the killer app for Web3, citing perceived benefits like ownership of in-game items as NFTs, possible interoperability between games, and the potential to profit from rising token and NFT values. But by and large, gamers aren’t buying it. Prominent NFT gaming efforts by firms like Ubisoft, Square Enix, and GSC Game World have…
