This story comes from GG. Your Web3 Gaming Power-Up Discover GG What does one wear for a visit to the realm of pure evil? Fashion designer and digital creator Charli Cohen would say denim is in style. Timed to coincide with the recent launch of Blizzard Entertainment’s hotly anticipated game, Diablo IV, a game-themed apparel collection dropped last week at…
Month: June 2023
Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT
Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing. Source: https://cointelegraph.com/news/price-analysis-6-28-btc-eth-bnb-xrp-ada-doge-sol-ltc-matic-dot
Maple Finance announces direct lending to fill the void left by BlockFi, Celsius
Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders. The first lending pool will be available sometime in July, the company stated. Introducing Maple Direct, the new…
Crypto Firms Swan, Coinbits Disclose Prime Trust Ties as Fallout Continues
Crypto companies that were partnered with Prime Trust are clearing the air about the safety of customers’ assets following the custodian’s failure. Some firms—many of which declare proudly that they are ‘Bitcoin only’—are in worse shape than others. “There are still many unknowns, but we intend to fight for our members that have funds locked up with Prime Trust,” tweeted…
BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report
The Bank for International Settlements (BIS) Innovation Hub published an interim report on Project Mariana, its collaboration with the central banks of France, Singapore and Switzerland, on the use of wholesale central bank digital currency (wCBDC) in tokenized foreign exchange trading. The project is a proof-of-concept that considers questions relating to credit and settlement risk and interoperability. Specifically, the project…
Digital Asset Manager 3IQ Adds Ethereum Staking to Two of Its Funds
Digital asset manager 3iQ today announced a staking option with its two Ethereum exchange-traded fund (ETF) products. In a Wednesday announcement, the Canadian firm said The Ether Fund and The 3iQ Ether ETF would start offering staking to clients in August—making them the first ETFs in the world to offer such a service. Staking, in the world of crypto, is…
$7.8B lost in crypto Ponzi and pyramid schemes in 2022: Report
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn. Source: https://cointelegraph.com/app/public/index.php/news/billions-lost-in-crypto-ponzi-schemes-in-2022
Ex-Trader Finally Ordered to Pay $54 Million Fine by CFTC
Another crypto fraudster that profited heavily from the 2017 ICO bull mania is finally receiving his just deserts, a whole 41 months after he was charged by the Commodity Futures Trading Commission (CFTC) on February 11, 2020. Previous CFTC cases against financial fraudsters in crypto, such as CabbageTech, Mirror Trading International, or Empowercoin have taken far less time to resolve.…
Israeli authorities seize crypto from terror organizations, credit new technology
The Israeli ministries of defense and justice and a number of intelligence and enforcement agencies collaborated; Chainalysis also pitched in. Source: https://cointelegraph.com/app/public/index.php/news/israeli-authorities-seize-crypto-from-terror-organizations-credit-new-technology
Staked ETH surpasses 23 million in June — Nansen
The volume of Ether staked keeps reaching new heights since the Shapella upgrade in April, crossing 23 million Ether locked in June. According to data from analytics firm Nansen, a total of 23.3 million Ether (ETH) was staked as of June 27, amounting to $43.1 billion at the time of writing and representing nearly 20% of the current $220 billion supply of…