Blockchain games are mostly played for entertainment, but some developers within the industry think the games could eventually evolve into a form of employment where players can grind out a living wage. Video games using blockchain tech allow players to earn native crypto or nonfungible tokens (NFTs) by playing and participating in activities within the virtual world. Users can then…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Gaming-centric Web3 startup and NFT marketplace Fractal has announced Fractal Studio, or FStudio, a three-part product the firm says will enable video game developers to more easily add crypto integrations into their titles without having to code. FStudio gives developers the ability to “build,” “acquire,” and “monetize” their projects, according…
Ethereum has just had its first major upgrade, or “hard fork,” since transitioning to a proof-of-stake system. The Shanghai upgrade allows validators to withdraw the staked ether (ETH) that has been locked in the network. While the primary objective of the upgrade is to implement Ethereum Improvement Proposal-4895, which unlocks validator withdrawals, the changes include other significant upgrades that will…
A day after cracking down on Binance, the SEC is now taking aim at Coinbase. The Commission alleges in a new lawsuit that the crypto exchange failed to register as an exchange, clearing house, and broker despite providing investors these services. The SEC also alleges that Coinbase offered and sold unregistered securities via its staking service. The agency also claims…
The United States Securities and Exchange Commission has filed a lawsuit against New York-based crypto exchange Coinbase for offering unregistered securities. The SEC lawsuit alleged that Coinbase has never registered as a broker, national securities exchange or clearing agency, evading the disclosure scheme for securities markets. SEC alleged that several tokens offered by the crypto exchange including The SEC lawsuit against…
Security firm Elliptic Connect has traced the funds from the recent $35 million Atomic Wallet hack to a coin mixing service. Called Sinbad, the mixer is also preferred by the infamous North Korean hacker cell Lazarus. Elliptic reported that the “stolen funds are being swapped for Bitcoin (BTC)” before being laundered through Sinbad. Coin mixers enable anonymity in cryptocurrency transactions…
As decentralized social media becomes one of the central topics at the Buidl Asia event held in South Korea, Cointelegraph spoke with Ethereum Name Service (ENS) developer Makoto Inoue onlineto find out more about Web3 social media, its potential to replace Web2 and the roles of ENS and the metaverse in this new social media paradigm. According to Inoue, Web3…
The United States Securities and Exchange Commission (SEC) filed charges against Binance, its U.S.-based exchange platform and its CEO Changpeng Zhao for violating American securities laws. On June 5, SEC filed 13 charges against Binance in the District Court of Columbia over allegations that the company misled investors and misused customer funds. The accusations of mishandling customers’ funds and violations…
Reginald Fowler has been sentenced to 75 months in prison for his role in facilitating over $750 million worth of crypto transactions through unregulated shadow banking services to the crypto industry, according to the U.S. Attorney’s Office in the Southern District of New York. Fowler, who formerly co-owned the NFL’s Minnesota Vikings, is also serving time for violating U.S. money…
The recently adopted Markets in Crypto Assets (MiCA) regulatory framework has been to a large extent inspired by the regulatory regime that is already in place in France, according to Jerome de Tyche, the President of the non-profit organization Ethereum France. “The framework that was adopted at the European level is very close to the test framework that was implemented…
