Shibarium, an upcoming SHIB-based, layer-2 network that’s being built on top of the Ethereum blockchain, now has a testnet bridge that allows tokens to be transferred between the two networks. But for now, at least, only dummy assets are being supported. Pseudonymous “marketing specialist” Lucie, who represents the Shiba Inu ecosystem, tweeted today that the public testing phase will allow…
Lawyers representing former FTX CEO Sam Bankman-Fried, also known as ‘SBF’, have requested the court seal documents related to his interviews with a New York Times reporter revealing details about his relationship with Caroline Ellison. In a July 27 filing in United States District Court for the Southern District of New York, Bankman-Fried’s legal team said it had provided the…
The SEC warned accounting firms working as crypto “auditors” to be careful how their reports are marketed, lest they be censured or suspended. Paul Munter, the SEC’s principal advisor on accounting and auditing matters, wrote in a statement on Thursday that crypto companies have marketed their relationship with accounting firms as auditors, despite their work not strictly fitting this definition.…
beginner Non-fungible tokens (NFTs) are, without a doubt, one of the most revolutionary inventions in the crypto space. However, they have quite a few problems: for one, NFTs have a hard time staying popular. According to NonFungible.com, daily NFT sales have gone down from around 40K in August 2022 to 3–4K in July 2023. But crypto teams wouldn’t be in…
Bitcoin (BTC) stayed rangebound at the July 28 Wall Street open despite further United States inflation data beating expectations. BTC/USD 1-hour chart. Source: TradingView Fed’s “preferred” inflation metric points to waning pressure Data from Cointelegraph Markets Pro and TradingView showed BTC price action getting only a modest boost from the Personal Consumption Expenditures (PCE) Index print. This came in below…
Ethereum layer-2 scaling solution Optimism surpassed Arbitrum in daily transactions for the first time since January 2023, data shared by Nansen with Decrypt shows. The spike in transaction activity was first recorded on July 24, the same day the highly anticipated Worldcoin (WLD) token went live on the Optimism mainnet. Martin Lee, data analyst at Nansen, believes that Worldcoin’s launch…
Premium cannabis, designer clothes, and NFTs—not the belongings of a well-off Manhattanite, but rather the goods on display at Gotham, one of New York City’s budding dispensaries. In collaboration with Bright Moments, the NFT art gallery with a presence that spans from Venice Beach to Tokyo, Gotham hosted a live minting on Tuesday. Attendees could claim digital art and peruse…
European regulators are stepping up their inquiries into Worldcoin—with France and Germany becoming the latest countries to investigate the controversial crypto project. Co-founded by OpenAI’s Sam Altman, Worldcoin has embarked on an ambitious drive to scan the irises of millions of people—giving them a “digital passport” in return. The project claims that these World IDs will be crucial as artificial…
The French data protection agency, also called the Commission Nationale Informatique & Libertés (CNIL), is reportedly questioning the legality of data collection methods conducted by Worldcoin, according to a Reuters report. In an email to Reuters on July 28, CNIL said: “The legality of this collection seems questionable, as do the conditions for storing biometric data.” CNIL also stated in…
Simon Davis is the co-founder and CEO of Mighty Bear Games, a multiplatform game developer in Southeast Asia creating accessible multiplayer experiences in Web3. Davis has spent almost two decades working in the gaming industry, but he never planned to actually work in this field. Before crypto, he was a professional guitarist who made ends meet by playing in metal…
