Ex-Activision’s Michael Lee: Gaming Is Crypto’s ‘Killer App’ Former Activision Vice President Michael Lee is now the SVP of Growth at Matter Labs. At the 3XP gaming conference, Lee sat down with Decrypt’s Kate Irwin to discuss crypto gaming and give his predictions for the industry. Source: https://decrypt.co/videos/live-events/M9ulXrb3/ex-activisions-michael-lee-gaming-is-cryptos-killer-app
An unknown party has moved more than $160 million worth of Bitcoin from a wallet reportedly tied to Luna Foundation Guard (LFG), the organization connected to Terraform Labs and its co-founder Do Kwon. According to a July 5 report, an individual or individuals transferred 5,292 Bitcoin (BTC) from an LFG address to a wallet seemingly not associated with Terra on…
Southeast Asia’s largest bank is launching a new payment solution for China’s digital yuan (e-CNY), expanding the number of businesses who can receive payments in Beijing’s central bank digital currency (CBDC). DBS Group China, the mainland subsidiary of Singapore-based DBS Bank, announced that it has launched a new payment system to support e-CNY. The solution allows businesses to collect customer…
London–based HSBC, the eighth largest bank in the world, will conduct a series of trials and experiments utitlizing quantum encryption technology in collaboration with Amazon Web Services, BT, and Toshiba. HSBC is the first bank to commit to trials on the new quantum “metro” network, a secure transaction system that utilizes unbreakable encryption to secure transactions via quantum cryptography. Developed…
According to a July 4 announcement, BitgetX, the Hong Kong subsidiary of cryptocurrency exchange Bitget, has joined the Hong Kong Virtual Asset Consortium (HKVAC), which provides ratings services and indices to cryptocurrencies. Launched on May 31 with Huobi as its inaugural member, the HKVAC will produce two indices. The Cryptocurrency Large Market Cap Index will be based on the 30…
Litecoin (LTC) price is down today, mirroring downside moves elsewhere in the crypto market. On July 5, the LTC price dropped over 3% to $100.50. On the same day, the crypto market’s overall capitalization fell 2%, suggesting traders have started securing profits at the local tops of multiple cryptocurrencies. LTC/USD daily price chart vs. crypto market capitalization. Source: TradingView Litecoin’s…
The first batch of blockchain use cases to debut in Europe’s regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies. According to the European Commission, 20 projects have been selected in the…
Starknet’s Quantum Leap upgrade has been deployed on testnet, with the Ethereum layer-2 scaling protocol claiming it’s capable of processing “hundreds of transactions per second.” If achieved, it would be at least a 50X improvement from its current throughput, thanks to the Version 12 upgrade harmonizing how the sequencer’s code interacts with the Cairo programming language. A Starknet fact sheet…
The most recent filing involving cryptocurrency fund manager Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) in the United States followed others by including a “surveillance-sharing agreement” with Coinbase. According to a July 3 filing with the U.S. Securities and Exchange Commission (SEC), the Nasdaq stock exchange refiled for a proposed rule change allowing the listing of a spot…
StarkWare, the Israeli-based company working on scaling Ethereum, has finally rolled out the testnet for the layer-2 solution: Starknet v12.0. The upgrade, dubbed “Quantum Leap,” promises a significant increase in Ethereum’s throughput “on a level never achieved” before, according to Eli Ben-Sasson, the president and co-founder of StarkWare. If approved by the Starknet community vote, Quantum Leap will go live…
