Coinbase’s users have been turning to Twitter to report scams and phishing attacks involving the company’s services and applications in the recent weeks, including claims that scammers are using the crypto exchange’s domain name. The most recent case was disclosed on July 7 by a Twitter user identified as Daniel Mason, who allegedly received texts and emails from scammers with…
Layer-2 blockchain Public Goods Network launched a testnet on July 7, promising to spend “the vast majority of net sequencer fees” on public goods instead of paying them out to the development team or token holders, according to an announcement from the network’s developers. In economics, a “public good” is a good that cannot be produced for profit because it…
Bitcoin (BTC) price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward. Bitcoin remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 range, investors’ sentiment was significantly impacted by an unsuccessful attempt to…
Cryptocurrency exchange Crypto.com has petitioned a Florida court to confirm a judgment in its favor through arbitration after the platform mistakenly deposited $50,000 into a user’s account. According to the July 6 court filing, Crypto.com “erroneously deposited” $50,000 into James Deutero McJunkins’ account in June 2022, despite the user seemingly not earning the funds through trades or other activity. He…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Sega, the traditional gaming giant known for Sonic the Hedgehog and its 80s and 90s-era consoles, is easing away from blockchain games, according to a Bloomberg report. Sega Co-Chief Operating Officer Shuji Utsumi told the outlet that the game studio will keep its largest franchises from being licensed for…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Amid the growing number of hacks in the DeFi ecosystem, a smart contract developer has made a new Ethereum request for comment (ERC) proposal to introduce a circuit breaker that could cut…
Splinterlands Cofounder Matt Rosen tells Decrypt’s Kate Irwin about how the game has evolved over its five-year history and why he doesn’t listen to the FUD around crypto. Source: https://decrypt.co/videos/interviews/sQv6zcil/games-of-the-future-are-going-to-be-different-says-splinterlands-cofounder
Lawyers representing Elon Musk and Tesla asked a United States district court judge to toss out a motion to have them sanctioned over alleged conflicts of interest in a $258 billion lawsuit alleging Musk participated in an illegal racketeering scheme related to the Dogecoin cryptocurrency. In a filing dated July 6, Musk and Tesla’s team responded to the June 25…
Ethereum (ETH) has been on a downward trend with the $2,000 level forming a crucial resistance level in recent months. While Bitcoin (BTC) recorded 11.94% gains moving past $30,000 in June after BlackRock filed an ETF application with the U.S. Securities and Exchange Commission, the upside in ETH stayed around 3.16%. In the first week of July, buyers attempted to…
Will artificial intelligence need currency to operate in the same way humanity does? BitMEX co-founder Arthur Hayes says yes—and that currency will be Bitcoin (BTC). In an essay published on Thursday, Hayes outlined why Bitcoin will be “chosen by AIs” as the most logical money with which to calculate their economic decisions, and the best payment rail with which to…
