Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol’s leadership may have been arrested in China amid ongoing technical issues. “The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access…
Stablecoin issuer Tether announced on May 31 that it is expanding its presence in the Republic of Georgia through a strategic investment in CityPay.io, a payment processing company that operates across more than 600 locations in the country. Tether expands its presence in Georgia We have invested in https://t.co/14g9wt7PCC, a leading local payment processing company. You can now pay with #USDt and…
The Web3 gaming world saw consistent growth and exciting developments in the first quarter of 2023, according to a DappRadar report. Traditional Web2 gaming companies started to notice blockchain technology’s potential, resulting in a total of $739 million invested in blockchain games and metaverse projects during the first quarter of 2023. From the open-world role-playing games to battle royale-themed shooters,…
In this week’s newsletter, read about some of the most popular nonfungible token (NFT) collections and top metaverse properties taking massive price hits in 2023. Check out how the Hong Kong Police Force launched its own metaverse platform, and how Reddit’s digital collectibles have managed to onboard almost 10 million users to the crypto and NFT space. In other news,…
A new program from the Fantom Opera network (FTM) team will pay developers for the gas fees they generate from users, according to a May 31 announcement. Specifically, the “Gas Monetization Program” will pay eligible developers 15% of the total gas fees their apps generate. Gas Monetization on #Fantom is live! ⛽ The program provides dApps with a sustainable income…
Officials with the European Union have signed the Markets in Crypto-Assets, or MiCA, bill into law following final approval from finance ministers. On May 31, Sweden’s Minister for Rural Affairs, Peter Kullgren, and European Parliament President Roberta Metsola signed the long-anticipated cryptocurrency regulatory framework into law roughly three years after the European Commission introduced the measure. Lawmakers in the EU…
Bitcoin and most major altcoins are struggling to hold on to their higher levels, indicating that the bears have not given up yet. Source: https://cointelegraph.com/news/price-analysis-5-31-btc-eth-bnb-xrp-ada-doge-matic-sol-dot-ltc
Unioverse Game Preview: Hands-on With the Cinematic Proving Grounds The Unioverse is a multimedia sci-fi franchise with plans to facilitate user-generated content. Decrypt reporter and GG producer Kate Irwin checked out the Unioverse as Reyu, an alien character, and navigated the Proving Grounds with him. In the Proving Grounds, you’ll fight an array of different drone-like flying robots (some have…
Huobi has become the first member of the Hong Kong Virtual Assets Consortium (HKVAC), the Seychelles-based cryptocurrency exchange announced on May 31. The new organization promises to provide a ratings service and indexes when it is fully launched. The new organization is debuting at a crucial moment, as retail cryptocurrency trading begins in Hong Kong under new regulations on June…
Computer tech firm NVIDIA profited off the crypto mining industry. Now, it’s looking to artificial intelligence—and its stock price is soaring. Source: https://decrypt.co/videos/explainers/79ArMuzj/nvidias-ai-push-could-change-gaming-forever
